政府审计治理与地方政府隐性债务风险——基于中国地级市数据的实证研究  

Government Audit Governance and Local Government Implicit Debt Risk:Empirical Evidence from Prefecture-Level Cities in China

作　　者：贺佳 张逸昕 田韦仑 郭俊汝 He Jia;Zhang Yixin;Tian Weilun;Guo Junru

机构地区：[1]南开大学金融学院,天津300050 [2]郑州大学商学院,河南郑州450001 [3]南开大学经济学院,天津300071

出　　处：《南开学报(哲学社会科学版)》2025年第2期158-172,共15页Journal of Nankai university Philosophy,Literature and Social Science Edition

基　　金：国家自然科学基金面上项目(72271130)。

摘　　要：防范化解地方政府隐性债务风险是维护国家经济安全、推动经济高质量发展的现实要求。本文基于2013—2020年我国地级市地方审计机关和地方政府债务数据,使用熵权TOPSIS方法构建了地方政府审计水平综合指数,并基于测算的全口径地方政府隐性债务规模,实证检验了政府审计对地方政府隐性债务风险的治理效应。研究发现,政府审计综合治理水平的提高能有效降低地方政府隐性债务风险,且主要通过提高地方政府财政透明度和财政支出效率发挥作用。异质性分析的结果显示,政府审计对地方政府隐性直接债务风险和隐性或有债务风险均表现出显著的治理作用;且政府审计的揭示功能和抵御功能发挥了主要作用;此外,政府审计对地方政府隐性债务风险的治理作用在财政压力较大、市场化程度较低的地区更为显著。Preventing and mitigating the risks of local government implicit debt is essential for safeguarding national economic security and promoting high-quality economic development.Based on data from local audit institutions and local government debt in China's prefecture-level cities from 2013 to 2020,this paper constructs a comprehensive index of local government audit performances using the entropy weight TOPSIS method.Furthermore,it empirically examines the governance effect of government audits on implicit debt risks by measuring the total scale of local government implicit debt.The findings reveal that an improvement in the overall governance level of government audits significantly reduces the risks associated with local government implicit debt,primarily by enhancing fiscal transparency and expenditure efficiency.The heterogeneity analysis shows that government audits have a significant governance effect on both direct implicit debt risks and contingent implicit debt risks of local governments.Moreover,the disclosure and deterrence functions of government audits play a crucial role in mitigating these risks.Additionally,the governance effect of government audits on implicit debt risks is more pronounced in regions with higher fiscal pressure and lower marketization levels.

关 键 词：政府审计 地方政府债务 隐性债务风险 

分 类 号：F239.44[经济管理—会计学] F239.4[经济管理—国民经济]