制度环境、审计约束与会计信息质量——基于中国上市公司的经验证据

Relationship of Institutional Environment,Audit Constraint and Accounting Information Quality——An Empirical Research of Listed Companies in China

在我国经济形态逐步向市场经济机制全面转型的进程中,上市公司会计信息质量已然是影响资本市场运行秩序和投资者保护水平的重要元素,对其复杂驱动因素与关键约束模式的多维度探究仍然是目前财务审计理论研究的热点话题,也是企业实务界关注的焦点问题。本文利用我国证券市场沪深两市上市公司2009—2013年度的数据,研究了不同制度环境下审计约束与会计信息质量的关系,研究发现市场化程度越高的地区,审计约束对提高会计信息质量的效果越显著,制度环境差异会影响审计在会计信息质量上发挥约束功能的程度;表明转型期的中国资本市场制度环境的变化及来自注册会计师审计监督的约束力是能够改善沪深上市公司会计信息质量的攸关性变量。本研究所得结果对于完善独立审计约束机制以实质性改善我国上市公司会计信息质量可提供有积极现实意义的政策建议与方向性支持。

The accounting information quality of listed companies has become important factor in influencing the order of capital market and protection of investors in the process of our country＇ s economic form changing into overall market economy mechanism; researches of its complicated motivation factors and the key constraint models from various perspectives have been hot and keyissues in the practice of enterprises. Based on data from security markets of Shenzhen and Shanghai from 2009 to 2013, this article tries to find the relationship between audit constraint and accounting information quality. Results show that the higher the marketization is, the more obvious the audit constraint is on improving the accounting information quality. The differences of institutional environment also influence the degree of audit constraint on accounting information quality. This shows the change of China＇ s capital market institutional environment and CPA audit behavior are essential factors for improving the accounting information quality of listed companies in Shanghai and Shenzhen. This result provides positive and realistic suggestions for making policies in bettering independent audit constraint mechanism in order to improve the accounting information quality of China＇ s listed companies.