媒体监督、政府质量与审计师变更

Media Coverage,Government Governance and Auditor Switch

本文以2009—2011年我国A股市场变更审计师的公司为研究样本,从媒体监督这一外部环境机制方面探寻影响审计师变更的深层次原因,并进一步考察了地方政府质量在影响媒体治理效应方面的作用。研究发现:(1)来自媒体的负面报道会促使上市公司更换高质量的审计师;(2)政府质量会显著影响媒体的监督治理效力,在地方政府质量较低的地区,媒体监督对上市公司变更高质量审计师行为的影响被大大削弱。本文尝试从外部治理机制的视角提出对审计师变更现象的理论新解释,这有助于进一步理解媒体的监督治理机制和政府质量在公司治理领域的作用。

Using data of listed companies which changing auditors in China stock market from 2009 to 2011,this paper explores how media coverage affect auditor switching,and further investigates the influence of government governance on media coverage.Our empirical study finds:( 1) Negative media coverage is positively related to firm's changing to high quality auditors.( 2) Government governance has a significant impact on the relationship between media coverage and auditor change.This paper attempts to put forward a new explanation for auditor switch from the perspective of the external disciplinary mechanisms,and helps to further understand the role of media and government governance in the field of corporate governance.