共享审核员、社会信任和供应链中特定关系的投资

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Zhiying Hu , Haiyan Yang , Yuyu Zhang
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引用次数: 1

摘要

供应商和客户共同的审核员可以扮演信息角色,减少信息不对称,或减轻供应链中潜在的拖延问题。在供应商和客户之间缺乏信任的宽松制度环境中,共享审核员的信息作用可能更为重要。以2009 - 2015年的中国上市公司为样本,我们发现(1)共享审计师提高了供应商的关系特定投资(RSI),(2)当客户位于信任度较低的地区时,这种正相关关系更强。除了审计公司层面的共享审核员的影响外,我们还记录了共享审核合作伙伴对提高供应商RSI的增量影响。另外的分析表明,共享审核员减轻了供应商和顾客之间的信息不对称,从而提高了供应商的RSI。当客户的法律保护受到限制时,共享审核员特别提高了供应商的RSI,这验证了这个独特的研究环境(中国)对研究共享审核员的信息角色的有用性。通过对共享审计师与社会信任研究的延伸,本文为希望探索审计师在供应链中增强RSI中的作用的公司提供了参考。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Shared auditors, social trust, and relationship-specific investment in the supply chain

An auditor common to a supplier and customer may serve an information role, reduce information asymmetry, or mitigate a potential hold-up problem in the supply chain. The information role of shared auditors could be more important in a lax institutional environment where a lack of trust exists between the supplier and customer. Using a sample of listed firms in China from 2009 to 2015, we find that (1) a shared auditor enhances the supplier’s relationship-specific investment (RSI), and (2) this positive association is stronger when the customer is located in a region with lower trust. We also document an incremental effect of a shared audit partner on enhancing the supplier’s RSI in addition to the effect of a shared auditor at the audit firm level. Additional analyses suggest that a shared auditor alleviates information asymmetry between the supplier and customer and hence improves the supplier’s RSI. A shared auditor particularly improves the supplier’s RSI when the customer is limited in its legal protection, which validates the usefulness of this unique research setting (China) for studying the information role of shared auditors. By extending the research on shared auditors and social trust, this paper provides a reference for companies that wish to explore the role of auditors in enhancing RSI in the supply chain.

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来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
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