公司治理质量与外部独立审计效率

Corporate Governance Quality and External Auditing Efficiency

本文主要考察了公司治理质量对外部独立审计效率的影响。运用主成分分析技术构建公司治理指数,并以此作为公司治理质量的衡量指标,考察了公司治理质量对审计师的选择、审计收费和审计意见的影响。我们发现,公司治理质量越高的公司,越倾向于选择高质量的审计师;同时,也愿意支付更高的审计费用;但在其他条件一定的情况下,相对于公司治理质量高的公司,公司治理质量差的公司更容易获得标准无保留的审计意见,从而影响审计独立性和审计质量的提高。

The paper analyses the effect of corporate governance quality on external auditing efficiency. To use principal component method to construct corporate governance index and make it proxy for corporate governance quality, we investigate the effect of corporate governance quality on external auditing demand, auditing fee and auditing opinions. We find that firms are more likely to employ high quality auditors and pay more audit fee when they have high quality corporate governance. At the same time, finms which have poor quality corporate governance are more easily to get clean auditing opinions than finms with high quality corporate governance, which will affect the independence of external auditing and improvement of auditing quality.