公司战略变化与审计收费——基于年报文本相似度的经验证据

Changes of Corporate Strategies and Audit Fees——Empirical evidence from the text similarity of annual reports

公司战略是企业持续发展的重要保障,战略的实施效率和效果已经成为企业获取核心竞争力的关键因素。本研究以2002〜2017年我国A股上市公司为研究样本,实证检验了公司战略变化与审计收费之间的关系。研究结果表明,公司战略变化与审计收费之间存在显著的正相关关系;并且,经营风险在公司战略变化与审计收费之间存在显著的中介效应;最后,从公司治理和会计师事务所规模的角度进行比较,发现在大股东持股比例较高的公司及审计师为国际“四大”、国内“十大”的公司中,公司战略变化与审计收费之间的关系更为显著。本研究将战略管理理论和审计理论相结合,拓展和丰富了两个领域的研究,对监管部门、投资者和审计师有一定的参考价值。

Corporate strategies are the important guarantee for companies'sustainable development.The efficiency and effectiveness of the strategies implementation have become key factors for the companies to obtain core competitiveness.This study examines the relationship between the changes of corporate strategies and audit fees based on data of Chinese A-share listed companies from 2002 to 2017.The result shows that there is a significant positive correlation between the changes of corporate strategies and audit fees,and the operational risks take a significant mediating effect between them.Finally,from the perspectives of corporate governance and accounting firm size,the result shows that the relationship between the changes of corporate strategies and audit fees are more significant among companies with higher shareholding ratio of major shareholders and whose auditors are the"Big Four"international companies or the top ten domestic companies.This study extends and enriches the theories of the strategic management and auditing.This study may have certain reference value for regulators,investors and auditors.