通过共同审计师共享知识:来自企业研发投资的证据

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE
Seunghee Yang, Wonsuk Ha
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引用次数: 0

摘要

目的尽管研究与开发(R&D)很重要,但管理者并不容易获得有关其价值的信息。本研究旨在探讨在产品市场中审计多家同业公司的普通审计师在客户研发投资决策中的作用。本研究强调了普通审计师作为影响企业研发投资的信息中介,关注知识资源在研发投资中的重要性以及同行公开信息传达研发价值的有限能力。设计/方法/方法本研究采用事务所同行年度观察的成对数据,以确定为焦点事务所及其同行事务所提供审计服务的共同审计师。本研究考察了当公司的在职审计师向同行提供审计服务时,公司的研发投资是如何变化的,并分析了调节普通审计师影响的各种因素。由同一家审计机构审计的公司做出了相似的研发投资决策。当审计师更专注于审计研发、拥有长期客户关系以及事务所对与研发投资相关的增量信息表现出更高水平的需求时,这种效应更为明显。与普通审计师的有益作用相一致,对审计师提供的信息反应更积极的公司在随后的几年里更积极地参与创新活动。原创性/价值本研究加深了对普通审计师创建的网络如何促进客户公司之间的信息流动并影响这些公司研发投资决策的理解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Knowledge sharing via common auditors: evidence from corporate R&D investment
Purpose Despite the importance of research and development (R&D), information on its value is not readily available to managers. This study aims to explore the role of common auditors, who audit multiple peer firms in the product market, in clients’ R&D investment decisions. This study highlights common auditors as information intermediaries who affect corporate R&D investment, focusing on the importance of knowledge resources in R&D investment and the limited ability of peers’ public information to communicate the value of R&D. Design/methodology/approach This study employs pairwise data of firm-peer-year observations to identify a common auditor who provides audit services to the focal firm and its peer firm. This study examines how a firm’s R&D investment changes when the firm’s incumbent auditor provides audit services to peers and analyzes various factors that moderate the effect of common auditors. Findings Peer firms audited by the same auditor make similar R&D investment decisions. This effect is more pronounced when the auditor specializes more in auditing R&D, when the auditor has a long-term client relationship, and when the firms exhibit a higher level of demand for incremental information relevant to R&D investment. Consistent with the beneficial role of common auditors, firms that are more responsive to auditor-provided information engage more actively in innovation activities in subsequent years. Originality/value This study deepens the understanding of how networks created by common auditors facilitate information flow among client firms and shape these firms’ R&D investment decisions.
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
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