独立董事、审计委员会和股东制衡的有效性——基于会计报表披露的视角

Independent Director,Audit Committee and Shareholder Balance Effect——Based on the Perspective of Statement Disclosure

利用沪深两市A股上市公司2001～2007年的资料,研究了独立董事、审计委员会和股东制衡在年度财务会计报表披露过程中的有效性。实证研究结果表明,三者在报表披露过程中是有效的,独立董事规模和审计委员会的设立有助于降低财务会计报告被出示"非标"意见的可能性,并能促使报表更及时地披露,而股东制衡作用越大,财务会计报告被出示"非标"意见的可能性就越大,报表披露的及时性也越差。

In this paper, the authors research the efficiency of independent director, audit committee and shareholder balance on statement disclosure. The empirical results indicate that the size of independent director and audit committee set up will significantly reduce the probability of qualified statement and promote the statement be disclosed in time. The empirical results also indicate that the stronger of shareholder balance, the more possible of statement be labeled qualified, and the later of the statement be disclosed.