政府补贴与审计质量之间的关系：揭示所有权结构的作用

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

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引用次数: 0

摘要

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

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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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance