The aggregate release of third-party online sales data and audit quality improvement

IF 1.9 Q2 BUSINESS, FINANCE

China Journal of Accounting Research Pub Date : 2025-03-01 DOI:10.1016/j.cjar.2024.100376

Ning Chen , Junxiong Fang

引用次数: 0

Abstract

Corporate online sales data are embedded with high informational value. Focusing on auditors who are concerned about information quality, this paper systematically tests the governance effect of releasing third-party online sales data on audit quality. Using the first aggregate release of online sales data in 2018 as an exogenous shock, we use the difference-in-differences model and empirically demonstrate that the audit quality of firms with released online sales data improves significantly after 2018. Subsequent analyses demonstrate that releasing online sales data has a governance effect by improving internal control quality, audit efficiency and audit prudence. The findings demonstrate that the aggregate release of third-party online sales data could have positive economic consequences.

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来源期刊

China Journal of Accounting Research BUSINESS, FINANCE-

CiteScore

4.70

自引率

0.00%

发文量

295

审稿时长

15 weeks

期刊介绍： The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to investigate issues about accounting, corporate finance, auditing and corporate governance in the Greater China region, countries related to the Belt and Road Initiative, and other emerging and developed markets. The Journal encourages the applications of economic and sociological theories to analyze and explain accounting issues within the legal and institutional framework, and to explore accounting issues under different capital markets accurately and succinctly. The published research articles of the Journal will enable scholars to extract relevant issues about accounting, corporate finance, auditing and corporate governance related to the capital markets and institutional environment.