儒家文化与审计质量——基于中国A股市场面板数据的实证研究

Confucian Culture and Audit Quality:Empirical Research Based on Panel Data of China’s A-Share Market

儒家文化具有怎样的时代价值?儒家文化能提高审计质量吗?文章以2010—2018年沪深两市的A股上市公司为研究样本,以上市公司注册地受儒家文化影响的大小作为判断上市公司和会计事务所受儒家文化影响的关键变量,探讨了儒家文化对我国上市公司审计质量的影响。研究发现,儒家文化能显著地促进上市公司审计质量的提高。稳健性检验结果表明,这一结论基本稳健。从作用机制来看,儒家文化与法治环境对上市公司审计质量的提高具有互补的作用。

What is the value of Confucian culture today?Can Confucian Culture improve audit quality?In this paper,A-share listed companies in Shanghai and Shenzhen from 2010 to 2018 are selected as research samples.The influence of Confucian culture on the registered places of listed companies is taken as a key variable to judge the influence of Confucian culture on listed companies and audit firms.This paper discusses the influence of Confucian culture on audit quality of listed companies in China.It is found that Confucian culture can significantly improve the audit quality of listed companies.The results of robustness test show that this conclusion is basically robust.From the perspective of mechanism,Confucian culture and legal environment have complementary effects on the improvement of audit quality of listed companies.