空气污染对审计过程和审计结果有影响吗?来自中国的证据

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Yaqian Wu , Jiyuan Li
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引用次数: 0

摘要

本文利用2013年至2020年中国资本市场的独特数据,研究了空气污染对审计过程和审计结果的影响。我们发现,在空气污染严重的城市,审计人员对客户事务所的努力较少,导致审计质量较低,审计调整的概率较低,审计调整较少。横断面分析表明,四大审计事务所的审计师可以缓解空气污染对审计工作和审计质量的影响。我们还得出了一些有趣的结论,即审核员对空气污染在空间和时间维度上变化的看法的影响,以及COVID-19的影响。我们的研究结果在一些稳健性检验中仍然成立,如使用替代代理、控制更固定的效应、考虑相互选择问题、采用回归不连续设计、利用工具变量方法和进行安慰剂检验。我们的研究通过将环境空气污染的研究扩展到审计背景,为行为金融学的新兴文献做出了贡献,为审计工作和审计质量的决定因素提供了新的见解,并对监管机构有一些启示。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does air pollution matter for audit process and audit outcomes? Evidence from China
We investigate the impact of air pollution on audit process and audit outcomes using unique data from the Chinese capital market between 2013 and 2020. We find that auditors exert less effort in client firms located in cities with severe air pollution, leading to lower audit quality represented by a lower probability of and fewer audit adjustments. The cross-sectional analysis shows that auditors from Big 4 audit firms can mitigate the effect of air pollution on audit effort and audit quality. We also draw some interesting conclusions about the effect of auditors’ perceptions of air pollution variation in both spatial and time dimensions, and the impact of COVID-19. Our findings still hold in several robustness checks such as using alternative proxies, controlling for more fixed effects, considering mutual selection issues, employing regression discontinuity design, utilizing instrument variables method, and conducting placebo tests. Our study contributes to the emerging literature on behavioral finance by extending the research into ambient air pollution to the auditing context, provides new insights into the determinants of audit effort and audit quality, and has some implications for regulators.
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来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
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