腐败的十字路口:探索新兴市场的公司业绩与审计师的作用

IF 2.1 Q2 ECONOMICS
Sheela Sundarasen, Izani Ibrahim, Ahnaf Ali Alsmady, Tanaraj Krishna
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引用次数: 0

摘要

本研究探讨了东亚、南亚和东南亚地区 18,286 家公司的国家级腐败(以清廉指数(Corruption Perception Index,CPI)表示)与公司业绩(以资产回报率(Return on Assets,ROA)表示)之间的关系。此外,研究还考察了审计质量(以审计师声誉为代表)对两者关系的调节作用。研究结果表明,在高收入国家,腐败与投资回报率之间存在正相关关系,从而提供了支持 "润滑轮子 "理论的证据。另一方面,在中上等和低收入国家,腐败与投资回报率之间存在负相关关系,这与 "打磨车轮 "理论相一致。值得注意的是,审计质量对腐败与投资回报率之间的关系具有积极的调节作用,尤其是在腐败程度较低的国家,这再次证明了声誉良好的审计师在这些经济环境下提高公司绩效的关键作用。本研究的结果对提出政策建议和加强治理具有重要影响。研究结果凸显了改进治理实践和法规以减少腐败和提高透明度的机会。政策制定者可以通过认识到腐败、公司盈利能力和声誉良好的审计师的职能之间的复杂联系,制定加强制度框架的方法。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Corruption’s Crossroads: Exploring Firm Performance and Auditors’ Role in Emerging Markets
This study examines the relationship between country-level corruption (proxied by the Corruption Perception Index, CPI) and firm performance (measured by Return on Assets, ROA) across 18,286 firms in the East Asia, South Asia, and Southeast Asia regions. Additionally, the moderating effects of audit quality (proxied by auditors’ reputation) on the relationship are examined. The findings of the study indicate a positive association between corruption and ROA in high-income nations, thus providing evidence in favor of the “greasing the wheel” theory. On the other hand, a negative association is documented in the upper middle- and low-income nations, which is consistent with the “sanding the wheel” notion. Notably, audit quality has a positive moderating influence on the relationship between corruption and ROA, especially in nations with low corruption levels, reaffirming the pivotal role of reputable auditors in enhancing firm performance within these economic contexts. The results of this study have important ramifications for forming policy suggestions and enhancing governance. The findings highlight the opportunity to improve governance practices and regulations to reduce corruption and increase transparency. Policymakers can develop ways to strengthen institutional frameworks by recognizing the complex link between corruption, corporate profitability, and the function of respected auditors.
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来源期刊
Economies
Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
4.00
自引率
11.50%
发文量
271
审稿时长
11 weeks
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