企业战略差异对审计意见的影响研究——来自中国A股上市公司的证据

A Study on the Effect of Corporate Strategy Differences on Audit Opinions:Evidence from Chinese A-share Listed Companies

以2010-2022年中国A股上市公司为研究样本,从融资约束的角度,实证检验企业战略差异对审计意见的影响。研究表明:企业战略差异越大,被出具非标准审计意见的概率越大;企业战略差异越大,融资约束程度越高;融资约束在企业战略差异与审计意见之间发挥中介作用,战略差异通过加剧融资约束,使得被发表非标准审计意见的可能性增加;企业战略差异与非标准审计意见的正相关关系在成长期企业、非国有企业中更为显著。在此基础上,从政府等监管部门、企业、审计师和投资者4个主体的角度提出了相应的对策建议。

This paper empirically analyzes the impact of corporate strategy differences on audit opinions from the perspective of financing constraints,using all A-share listed companies in China from 2010 to 2022 as the research sample.The study found that,first,the greater the differences in corporate strategies,the higher the possibility of auditors issuing non-standard audit opinions.Second,the greater the corporate strategic differences,the higher the degree of financing constraints.Third,financing constraints play an intermediary role between strategy differences and audit opinions.Strategy differences make auditors more likely to issue non-standard audit opinions by exacerbating financing constraints.The positive correlation between corporate strategy differences and non-standard audit opinions is more significant in growth stage firms and non-state-owned firms.On this basis,the corresponding countermeasures and suggestions are proposed from the perspectives of four main parties:government and other regulatory authorities,enterprises,auditors and investors.