基于供应链共享审计视角的企业创新绩效研究

How Does Sharing Auditor Impact Enterprise Technological Innovation?——Research Based on The Perspective of Supply Chain

共享审计是外部审计的一种新的方式。从企业创新角度切入,以沪深两市2007—2021年A股上市公司为样本,考察与供应链上下游交易对象共享审计对企业创新水平的影响并探究融资约束和供应链集中度在其中发挥的作用。实证结果表明,共享审计能够提升企业的创新水平,具体表现为共享审计能够促进实质性创新水平得到显著提升,并不对战略性创新水平产生显著影响。融资约束和供应链集中度在共享审计对企业创新水平以及实质性创新水平的影响中发挥中介效应。异质性分析还发现,只有当公司的内外部公司治理水平较高、在交易中担任卖方角色时,上述共享审计对企业创新的促进作用才会存在。

Sharing auditor is a new way of external audit.By employing the same accounting firm with suppliers or customers,enterprises can build a supply chain information sharing network and give full play to the role of audit as an information intermediary.In this context,what are the economic consequences sharing auditor will bring in Chinese companies.Taking the enterprise technological innovation as a starting point,this paper takes firms listed in China's capital market from 2007 to 2021 as samples to study the economic consequences and mechanism of Sharing auditor.The empirical test shows that sharing auditor with suppliers or customers will increase innovation level of enterprises.This is because,with employing the same accounting firm,the company's financing constraints are alleviated and excessive concentration of the supply chain are avoided,both of which are conducive to technological innovation.Specifically,the promoting effect and mechanism of Sharing auditor on the technological innovation are manifested as the significant increase of the substantive innovation level rather than the strategic innovation level.Further results show that the role of shared auditor in promotion of enterprise innovation is more significant in firms with higher level of internal and external corporate governance and play the role of seller in the transaction.This paper is not only a useful extension of the research on Sharing auditor,but also provides a solution to the negative impact of information asymmetry on enterprise innovation from the perspective of supply chain.