家族企业、客户重要性和审计师报告行为:来自中国的证据

IF 3.5 Q1 BUSINESS, FINANCE
M. Rahman, Hongtao Zhu, Xinyi Jiang
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引用次数: 0

摘要

目的本研究旨在探讨在家族企业环境中,审计师是否会对经济上重要的客户妥协其独立性。设计/方法/方法作者基于2011年至2020年的中国对研究问题进行了实证检验。因变量是审计师发表修改审计意见的倾向,这是审计师独立性的一个代表。作者使用相对客户审计费用作为客户重要性的代理。为了解决家族企业选择中的内质性问题,作者使用了两阶段最小二乘回归模型,随后使用了倾向得分匹配和豪斯曼公司固定效应模型。本研究发现,发表修改审计意见的倾向与客户重要性呈正相关。大n审计师更有可能为其经济上重要的家族企业客户发布修改后的审计意见,而非大n审计师则没有发现这种证据。内生性检验和敏感性分析结果一致、稳健性强。独创性/价值本研究丰富了关于审计师独立性和家族企业所有权结构因素对其重要经济客户审计报告行为影响的文献。研究结果可能对对家族企业感兴趣的管理者和从业者有用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Family firms, client importance, and auditor reporting behavior: evidence from China
Purpose This study aims to investigate whether auditors compromise their independence for economically important clients in family business settings. Design/methodology/approach The authors empirically examine the research question based on China for the years 2011 to 2020. The dependent variable is the auditors’ propensity to issue modified audit opinions, which is a proxy for auditor independence. The authors use relative client audit fees as a proxy for client importance. To address endogeneity issues in the selection of family firms, the authors use the two-stage least squares regression model and, subsequently, the propensity score matching and Hausman firm fixed effect modeling. Findings This study reveals that the propensity to issue modified audit opinions is positively correlated with client importance. Big-N auditors are more likely to issue modified audit opinions for their economically important family firm clients, whereas such evidence is not found for non-Big-N auditors. Results are consistent and robust to endogeneity test and sensitivity analysis. Originality/value This study enriches the literature on auditor independence and the effect of family firms’ ownership structure factors on audit reporting behavior for their economically important clients. Findings may prove useful for managers and practitioners interested in family business.
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来源期刊
Meditari Accountancy Research
Meditari Accountancy Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
14.30%
发文量
66
期刊介绍: Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.
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