数字化转型、企业金融化与审计意见购买

Digital Transformation,Corporate Financialization and Audit Opinion Purchace

本文利用2011-2020年我国A股上市公司数据,实证检验了数字化转型对审计意见购买的影响,并探讨企业金融化之于上述关系的调节效应。研究发现,数字化转型能够显著抑制管理层审计意见购买动机;企业金融化弱化了数字化转型对管理层审计意见购买动机的抑制作用。机制检验表明,数字化转型通过增强内部控制有效性和弱化真实性盈余管理减少管理层审计意见购买行为,同时企业金融化通过增强管理层真实性盈余管理动机,减少数字化转型对管理层审计意见购买行为。本文结论丰富了数字化转型经济后果,拓宽了审计意见购买影响因素视野,为持续推进企业数字化转型,优化审计服务市场结构提供理论支持和经验证据。

Based on the data of Chinese A-share listed companies from 2011 to 2020,this paper empirically tests the impact of digital transformation on the purchase of audit opinion,and explores the moderating effect of corporate financialization on the above relationship.Results show that the digital transformation can significantly inhibit the purchase motivation of management’s audit opinions.Corporate financialization weakens the inhibitory effect of digital transformation on the purchase motivation of management’s audit opinions.The mechanism test shows that digital transformation inhibits management’s purchase of audit opinions by enhancing the effectiveness of internal control and weakening real earnings management.Meanwhile,corporate financialization reduces the inhibition of digital transformation on managements’purchase of audit opinions by enhancing the motivation of management’s real earnings management.The conclusions of this paper enrich the literature on economic consequences of digital transformation,broaden the perspective of influencing factors of audit opinion purchase,and provide theoretical support and empirical evidence for the continuous promotion of enterprises’digital transformation and optimization of audit service market structure.