生物多样性监管对审计定价的影响——基于绿盾计划的准自然实验

IF 3.1 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-08-26 DOI:10.1016/j.qref.2025.102038

Jinlong Zhang , Wei Zhang , Jiyue E

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引用次数: 0

摘要

我们研究了生物多样性保护政策下的监管风险，并使用差异中的差异（DID）模型来评估绿色盾计划（GSP）对企业审计定价的影响。研究发现，生物多样性法规增加了自然保护区企业的审计定价，且政策效应随着时间的推移而增强。机制测试证实了风险披露和传染渠道解释了这一趋势。进一步的分析排除了“经济关联串通”和“防火墙风险隔离”作为风险溢价的驱动因素，表明审计师适当地补偿了生物多样性监管风险。普惠制提高了自然保护区企业的全要素生产率和绿色全要素生产率，支持波特假设。通过规制实现波特效应，为《昆明-蒙特利尔全球生物多样性框架》的实施提供指导。

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The impact of biodiversity regulation on audit pricing − A quasi-natural experiment based on the Green Shield Program

We examine regulatory risks under biodiversity conservation policy and use a difference-in-differences (DID) model to assess the Green Shield Program's (GSP) impact on enterprise audit pricing. We find that biodiversity regulations increase audit pricing for nature reserve enterprises, with policy effects strengthening over time. Mechanism tests confirm risk disclosure and contagion channels explain this trend. Further analysis excludes "economic correlation collusion" and "firewall risk isolation" as drivers of risk premiums, indicating auditors appropriately compensate for biodiversity regulatory risks. Additionally, GSP boosts the total factor productivity and green total factor productivity of enterprises in nature reserves, supporting the Porter hypothesis. We provide insights into achieving the Porter effect through regulation and offer guidance for implementing the Kunming-Montreal Global Biodiversity Framework.

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.