财务信息自愿鉴证保证程度:驱动因素及后果

The Drivers and Consequences of the Degree of Voluntary Assurance of the Financial Information

在我国证券市场,有一些上市公司选择对中期报告进行自愿审计或审阅。以审计需求的信号传递理论为基础,根据2008—2015年沪深A股上市公司数据研究财务信息自愿鉴证保证程度驱动因素及后果,结果显示:代理成本、公司业绩与财务信息自愿鉴证程度显著负相关,股权集中度与财务信息自愿鉴证程度显著正相关;同时,市场对上市公司财务信息自愿鉴证程度有一定的正面反应。

In China＇s security market,a number of listed companies choose to take up the voluntary audit or review on the interim report. Based on the signal transmission theory required by audit,this paper makes a research on the drivers and consequences of the degree of voluntary assurance of the financial information by selecting the data of Shanghai and Shenzhen Ashare listed companies from 2008 to 2015. The results indicate that agency costs,performance of the company may have a significantly negative correlation with the degree of voluntary assurance of financial information,and ownership concentration has a significantly positive correlation with the degree of voluntary assurance. Meanwhile,the market has a positive effect on the degree of voluntary assurance.