经济政策不确定性与审计费用——基于代理成本的中介效应检验

Economic Policy Uncertainty and Audit Fees: A Test of Mediating Effect Based on Agency Cost

以2007—2016年间中国A股上市公司为样本,构建代理成本中介效应模型,研究了经济政策不确定性对审计费用的影响。研究发现:经济政策不确定性会提高审计费用,且代理成本是经济政策不确定性与审计费用之间的中介变量。进一步研究发现,企业风险承担能力能调节代理成本的中介效应,规模大的企业、国有企业和低成长性企业受代理成本中介效应的影响较小。

Based on the samples of China's A-share listed companiesfrom 2007to 2016,this paper constructs an agent cost intermediary effect model to study the impact of economic policy un- certainty on audit fees.The findings show that economic policy uncertainty will increase audit fees, while the agency cost is the intermediate variable between economic policy uncertainty and audit fees. Further research has found that enterprise risk-taking ability can regulate the intermediary effect of a- gency costs.Large-scale enterprises,state-owned enterprises and lower-growth enterprises are less af- fected by the intermediary effect of agency costs.