企业家能力、信息披露水平与审计师选择——基于CCEI^(BNU)指数的实证研究

Entrepreneur Ability,Information Disclosure Level and Auditor Choice——An Empirical Study Based on CCEI BNU Index

以中国上市公司为样本,使用CCEIBNU指数从企业家人力资本能力、关系网络能力、社会责任能力和战略管理能力四个维度检验了企业家能力、信息披露水平与审计师选择之间的关系。在对企业家能力总指标的检验中发现,企业家能力越高,信息披露水平越高,上市公司越倾向于选择"四大"等高质量审计师,信息披露水平在企业家能力对审计师选择的影响中产生了"中介效应"。分指标检验发现,企业家人力资本能力和战略管理能力越高,越倾向于选择高质量审计师,但关系网络能力和社会责任能力对审计师选择的影响不显著。企业家关系网络能力、社会责任能力和战略管理能力越高,上市公司越倾向于提高信息披露水平,但人力资本能力的影响不显著。只有在使用战略管理能力这一指标来衡量企业家能力时,信息披露水平才会产生"中介效应",其他三个分指标均不产生"中介效应"。

Using CCEIBNU index and China＇s listed enterprises as samples,the paper analyzes the relationship between entrepreneur ability,information disclosure level and auditor choice from four dimensions which named entrepreneur human capital,guanxi network ability,social responsibility ability and strategic management ability.The empirical test of the general index of entrepreneur ability shows that,the higher entrepreneur ability,the higher information disclosure level,and the more tendency of listed enterprises to choose the top-4 auditors which represent high audit quality,which implies that information disclosure level plays an intermediate role in the effect of entrepreneur ability on auditor choice.Splitting samples test shows that,the higher entrepreneur human capital and strategic management ability,the more tendencies of listed enterprises to choose the top-4 auditors,but the impact of guanxi network ability and social responsibility ability is not significant.