高负债率会导致审计收费的提升吗?——基于我国A股上市公司的实证研究

Will High Debt Rate Increase the Audit Fees?——Empirical Evidence from Chinese A—Share Listed Companies

本文以2008-2011年我国A股上市公司为研究样本,对事务所审计收费如何考虑上市公司资本结构进行研究。研究结果表明:上市公司资产负债率和长期资本负债率与事务所审计定价存在显著的正相关关系,而长期借款与总资产比与事务所审计定价存在负相关关系。这一研究表明:随着企业负债率的提高,盈余操纵风险相应加大,事务所审计收费会相应提升;然而根据资本结构的信号传递理论,企业负债中长期借款的增多也会传递出良好的公司治理信息,事务所审计收费也会相应降低。

In this paper , the author explores how the accounting firms consider the capital structure of listed companies when they make a price by using 2008 - 2011 China＇s A - share listed companies as samples .The results show that ：Assets - liability ratio and long - term debt to capitalization ratio of listed firms is significantly positive correlated with audit pricing ,while long - term borrowings to total assets ratio is negatively correlated with the audit pricing . This study shows that ： with the increase of corporate debt ratio , the risk of earnings manipulation will rise accordingly and audit fees will also increase .However , according to the signal transmission theory of capital structure , the increase of the long - term borrowings in corporate debt will also transmit a signal that the Corporate has a good governance structure and audit fees will reduce accordingly .