内部控制质量、审计意见与债务期限结构

Study on Internal Control Quality,Audit Opinions and Debt Maturity Structure

本文基于A股上市公司2014—2018年连续五年的数据,分别探讨内部控制质量、审计意见与债务期限结构之间的关系,以及内部控制质量和审计意见共同作用于债务期限结构时的影响。研究结果表明:内部控制质量与债务期限结构显著正相关;相比于标准审计意见,被出具非标准审计意见的企业债务期限被缩短的可能性较大。进一步研究发现,非标准审计意见会削弱企业内部控制质量与债务期限结构的正相关关系。

Based on the data of A-share listed companies for five consecutive years from 2014 to 2018,this paper discusses the relationship between internal control quality,audit opinions and debt maturity structure,and the impact of internal control quality and audit opinions on the debt maturity structure.The research results show that:the quality of internal control is significantly positively correlated with the debt maturity structure;compared with the standard audit opinion,the company's debt maturity that is issued with a non-standard audit opinion is more likely to be shortened.Further research found that non-standard audit opinions will weaken the positive correlation between the quality of corporate internal control and debt maturity structure.