企业外部审计对信贷决策有实质作用吗?——基于中德数据的比较研究

Does External Audit of Enterprise Have the Substantive Effect on Credit Decision?——Comparative Study Based on Chinese Data and German Data

信贷资源是中国企业的主要资金来源,会计信息在市场配置资源机制中发挥着重要的引导作用。利用世界银行调查的中德两国数据,创新性研究了企业外部审计在信贷决策中的形式作用与实质作用。研究结果显示:我国银行对申请贷款企业提出外部审计的要求,但外部审计并不能帮助企业提高贷款可得性以及降低抵押要求;而在德国,企业外部审计显著提高了信贷可得性,降低了抵押要求。这说明,我国企业提供的外部审计在申请贷款中并没有获得实质性利益,更多表现为一种形式。相关部门应不断规范我国审计制度体系与诚信商业环境,提高企业外部审计在信贷决策的价值。(2)

Credit resources are the main source of funds for Chinese enterprises,and accounting information plays an important guiding role in the market allocation of resources.It made a research about the role of external audit of enterprise on credit decisions in the our country with the data of world bank survey above China and Germany.The results showed that:external audit is unable to help enterprises improve their loan availability and lower their collateral requirements,despite our bank has proposed the requirements of external audit to enterprise loan applications;In Germany,audit financial statements significantly improve the credit availability and reduce the collateral requirements.This shows that enterprise in our country provide audited financial statements has no substantial effect on loan application,but more often a form;In addition,this requirements can be perceived as a way to transfer credit risk.Relevant departments should continue to standardize our audit system and the integrity of business environment and improve the value of corporate external audit in the credit decision-making.