关键审计事项披露与上市公司全要素生产率  

Disclosure of Key Audit Matters and Total Factor Productivity of Listed Companies

作　　者：孙燕芳[1] 黄思莹 王依凡 SUN Yanfang;HUANG Siying;WANG Yifan(School of Economics and Management,China University of Petroleum(East China),Qingdao 266580,China)

机构地区：[1]中国石油大学(华东)经济管理学院,山东青岛266580

出　　处：《广东财经大学学报》2024年第6期73-86,共14页Journal of Guangdong University of Finance & Economics

基　　金：山东省高等学校哲学社会科学研究项目(2024ZSMS025);青岛市社会科学规划研究项目(QDSKL2401049)。

摘　　要：全要素生产率提升是实现经济高质量发展的重要抓手。基于2015—2023年我国沪深A股上市公司数据,实证检验关键审计事项披露对全要素生产率的影响效果和作用机制,并考察审计师行业专长产生的调节效应。研究发现,关键审计事项披露越充分,则企业全要素生产率越高,且审计师行业专长能正向调节两者关系。机制检验表明,关键审计事项披露通过促进研发投入形成技术积累、增强股票流动性改善市场价值表现、缓解融资约束提供资金保障、优化人力资本结构化解索洛悖论、提高创新质量促进技术应用,从而提升全要素生产率。根据关键审计事项披露的文本特征,语调消极、具有结论性评价、非常规以及精确性高的关键审计事项更能起到促进企业全要素生产率提升的作用。研究结论有助于提高企业的审计质量、提升企业全要素生产率,促进企业高质量发展。The improvement of total factor productivity is an important starting point for achieving highquality economic development.Based on the data of China's A-share listed companies from 2015 to 2023,this paper empirically examines the effect and mechanism of key audit matters disclosure on total factor productivity,and tests the moderating effect caused by the auditors'industry expertise.The results indicate that the more comprehensively key audit matters are disclosed,the higher the firm's total factor productivity will be;the auditors'industry expertise can positively regulate the relationship between them.The mechanism test shows that the disclosure of key audit matters improves total factor productivity by promoting R&D investment to gain technology accumulation,enhancing stock liquidity to alleviate financing constraints,optimizing human capital structure to resolve productivity paradox,and improving innovation quality to promote technology application.Further research suggests that negative tone,conclusive evaluation,unconventional and high-precised key audit matters can play a more important role in promoting the improvement of total factor productivity.This study is helpful to improve the audit quality of enterprises,advance the total factor productivity of enterprises,and promote the corporate high-quality development.

关 键 词：关键审计事项 全要素生产率 创新质量 融资约束 

分 类 号：F239.4[经济管理—会计学] F275.5[经济管理—国民经济]