Foreign residency rights and companies’ auditor choice

Recently, with the migration of wealthy Chinese elites becoming increasingly prevalent, the market has come to believe that firms with controlling persons with foreign residency rights have serious agency problems. We study the impact of controlling persons with foreign residency rights on corporate audit perspective. We find that firms whose controlling persons have foreign residency rights are more likely to use high-quality auditing services, and that this behavior is more obvious in regions with lower marketization and in firms with higher separation of ownership and control. We further study the effect of firms whose controlling persons have foreign residency rights that use high-quality Big 4 auditors and find that such firms have better corporate governance and accounting performance.

实际控制人的境外居留权对审计费用影响的实证研究

近年来,随着我国经济的快速增长,我国公民通过旅游、经商、工作、学习等方式开展着频繁的国际交流。与之相伴的是,越来越多的中国公民因为各种原因开始取得境外居留权,甚至外国国籍。笔者采用我国民营上市公司2005—2013年的数据,从审计风险的角度实证考察了公司实际控制人拥有境外居留权对审计费用的影响。研究发现:公司实际控制人拥有境外居留权显著增加了企业的审计费用;进一步研究发现,引渡条约显著影响了境外居留权与审计费用的关系。实证结果表明,当企业的实际控制人取得境外居留权,且此地区未与我国签署引渡条约时,审计费用显著增加,而当企业的实际控制人取得境外居留权,且此地区与我国签订引渡条约时,审计费用并未显著增加。研究结论为我国上市公司实际控制人拥有境外居留权的经济后果提供了经验证据,对监管部门尤其是审计师也具有一定的借鉴意义。

日本地方自治制度中的居民权利问题研究

日本地方自治中的居民权利问题一直是地方自治制度中的核心,并处在不断变化与发展及完善中。本文将基于最新资料对日本地方自治之下的居民权利的整体性与特别性进行分析与研究,以期对我国当下公民权利体系的相关研究与立法提供有效性帮助。