研发投入对审计费用的影响研究——基于财务柔性的调节作用

The Impact of R&D Investment on Audit Costs——Based on the Regulatory Role of Financial Flexibility

本文选择2014—2019年创业板上市公司为样本,研究企业的研发投入对审计费用的影响。研究表明:对上市公司来说,研发投入越多,当期审计费用就越高。进一步研究发现,财务柔性对研发投入和审计费用的正相关关系有抑制作用,即研发投入导致当期审计费用的增加,会随着公司财务柔性的提高而减少;与非国有相比企业相比,这种调节作用在国有企业中更加显著。在国家实施创新驱动发展战略背景下,上述结论可以为新兴企业从提高自身创新能力和资本结构方面提供建议,同时也可以为监管部门的重点关注提供思路。

This paper selected the GEM listed companies from 2014 to 2019 as samples to study the impact of R&D investment on audit costs.The research showed that for listed companies,the more R&D investment,the higher the audit costs in the current period.Further studies have found that financial flexibility has an inhibitory effect on the positive correlation between R&D investment and audit costs.In other words,the increase in the current audit costs caused by R&D investment will decrease with the increase in the financial flexibility of the company.Compared with non-state-owned enterprises,this regulating effect is more significant in state-owned enterprises.In the context of the national strategy of innovation-driven development,the above conclusions can provide suggestions for start-ups to improve their innovation capacity and capital structure,and also provide ideas for the major focuses of attention of the regulatory authorities.