Relationship between government subsidies and audit quality: Unveiling the role of ownership structure

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-18 DOI:10.1016/j.frl.2024.106488

Ze Zhou , Cuifang Yuan , Fei Ren , Pengjia Che

引用次数: 0

Abstract

This study examines the relationship between government subsidies and audit quality using panel data from Chinese A-share listed companies from 2018 to 2022. It further investigates the moderating effects of ownership structure, specifically ownership concentration and institutional ownership. The empirical findings show that government subsidies improve audit quality. However, the higher the ownership concentration, the weaker the positive relationship between government subsidies and audit quality. Furthermore, institutional investors’ relatively high equity holdings reduce the promotional impact of government subsidies on audit quality.

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政府补贴与审计质量之间的关系：揭示所有权结构的作用

本研究利用 2018 年至 2022 年中国 A 股上市公司的面板数据，研究了政府补贴与审计质量之间的关系。研究进一步考察了所有权结构的调节作用，特别是所有权集中度和机构所有权。实证结果表明，政府补贴提高了审计质量。然而，所有权集中度越高，政府补贴与审计质量之间的正相关关系越弱。此外，机构投资者相对较高的持股比例降低了政府补贴对审计质量的促进作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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