摘要
以国际"四大"事务所为高职业声誉的代表,研究了审计师的职业声誉对于企业融资约束和融资能力的影响。实证结果表明,聘请较高职业声誉的审计事务所,能够降低企业与外部资金提供者的信息不对称程度及其代理成本,从而降低企业面临的融资约束,提高其长期债务融资能力,且审计师职业声誉对于国有企业融资能力的提高作用更为显著。
The choice of auditors is the most important question in accounting and auditing research area. This paper, using ＂big 4＂ as proxy of high reputation auditors, researches the impact of auditors＇ reputation on corporation＇s financial ability. The empirical results show that auditors＇ high reputation can improve financial ability, and this effect is more significant for SOEs. The author has drawn some conclusion from this paper： reputation mechanism can help us to increase our market efficiency and auditing quality.
出处
《山西财经大学学报》
CSSCI
2008年第11期107-112,共6页
Journal of Shanxi University of Finance and Economics
关键词
职业声誉
融资约束
融资能力
professional reputation
financial coustraint
financing ability
