政府审计能提升国企产能利用率吗？——基于2010—2016年央企控股的上市公司面板数据的实证分析

Can government audits increase the capacity utilization rate of state-owned enterprises? An Empirical Analysis Based on Panel Data of Listed Companies Holding by Central Enterprises in 2010—2016

以2010—2016年央企控股的上市公司为研究样本,运用双重差分模型(DID)对经过倾向值得分匹配方法(PSM)配对的样本进行回归,考察政府审计与国企产能利用率之间的关系。研究结果表明,政府审计与国企产能利用率显著正相关,且非“十大”组较“十大”组显著,二次审计较一次审计对产能利用率没有显著影响。此外,政府审计的监督力度越强,其对国企产能利用率的治理效果越好。

Taking the listed companies controlled by the central enterprises in 2010-2016 as the research samples,this paper uses the double difference model(DID)to regression the samples matched by PSM,and investigates the relationship between government audit and the utilization rate of state-owned enterprises’capacity. The results show that there is a significant positive correlation between government audit and the utilization rate of state-owned enterprises’capacity,and the non-top ten groups are more significant than the top ten groups. The second audit has no significant impact on the utilization rate of state-owned enterprises’capacity than the first audit. In addition,the stronger the supervision of government audit is,the better the governance effect of capacity utilization rate of state-owned enterprises is.