我国上市公司审计费用存在“粘性”吗?

Are Audit Fees of Chinese Public Companies “Sticky”?

借助经济学中有关价格"粘性"的理论,以我国2001—2011年A股上市公司为样本,对审计费用"粘性"进行研究。研究发现:由于受到成本、契约和管制的影响,我国上市公司的审计费用和其他商品或服务价格一样,存在向下(易涨难跌)的价格"粘性"。另外,从供求双方的影响因素来看,事务所的市场份额增强了审计费用向下的"粘性",事务所的声誉("四大")和客户重要性对向下"粘性"的影响则不明显。

This article investigates the stickiness of audit fees using 2001-2011 data of Chinese listed companies for the first time. The results indicate that owing to the adjusting cost, long-term contract and price regulation, there was also stickiness in the audit fees of Chinese listed companies, but the direction of stickiness is downward, namely the audit fees tend to increase rather than decrease when facing with the same degree of asset change. Furthermore, the market share of audit firm enhances the downward stickiness while the reputation of Big 4 as well as the client importance exerts no significant effect on the down- ward stickiness.