具有审计经历的独立董事是否更尽职?——基于高管在职消费的视角

Are the Independent Directors with Audit Experience more Responsible?From the Perspective of Managerial Perk Consumption

党的十八大以来,“反腐倡廉”的影响投射到资本市场,使得高管在职消费再次成为公司治理关注的焦点之一。基于高管在职消费的视角,考察具有审计经历的独立董事的公司治理效应,研究结果表明:具有审计经历的独立董事对在职消费具有抑制作用;相较于曾经在会计师事务所工作过的独立董事,现任会计师事务所审计师的独立董事更能发挥对在职消费的治理作用。进一步研究发现,具有审计经历的独立董事的公司治理效应显著存在于非微利亏损企业和非国有企业,且具有审计经历的独立董事通过降低在职消费,提升了公司投资水平,从而体现优化资源配置、改进公司治理的效应。

The influence of“combating corruption and maintaining a clean government”has been projected to the capital market since the 18th National Congress of the CPC,and the managerial perk consumption has become the focus of corporate governance.Therefore,this paper makes a study of the corporate governance effect of independent directors with audit experience from the perspective of the managerial perk consumption.The research results show that:independent directors with audit experience have a restraining effect on managerial perk consumption.Moreover,the governance effect of independent directors on managerial perk consumption is mainly reflected on the independent directors who have been working in accounting firms.Further research shows that the corporate governance of independent directors with audit experience is more significant in non-low-profit-or-loss enterprises and private enterprises,and the independent directors with audit experience reduces the level of managerial perk consumption,enhances the company's investment level,thus reflecting the effect of optimizing resource allocation and improving corporate governance.