内部控制缺陷的披露对应计质量是否重要?来自中国的证据

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Kebin Deng , Fang Hu , Gary Gang Tian , Ziying Zhong
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引用次数: 2

摘要

本文以要求审计和披露内部控制缺陷(ICD)的中国上市公司为样本,考察了强制披露内部控制缺陷对应计质量的影响。我们发现,相对于自愿披露ICD,强制性披露ICD与较差的AQ相关,如异常应计利润所代表的那样,这表明强制性披露ICD有效地识别了中国公司的财务报告质量。政府对企业的控制(特别是中央政府)和政府检查的强度加强了这种关系,在不发达的区域市场中这种关系更为强烈。结果对PSM-DID方法的应用以及不同测量方法和样品的使用具有鲁棒性。我们的研究结果证明了强制性内部控制信息披露的关键作用,并提高了我们对新兴市场内部控制机制的理解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does the disclosure of internal control deficiency matter for accrual quality? Evidence from China

Using a sample of Chinese listed firms that are required to audit and disclose any internal control deficiency (ICD), this paper examines the effect of mandatory ICD disclosure on accrual quality (AQ) in China. We find that relative to voluntary ICD disclosure, mandatory ICD disclosure is associated with poorer AQ, as proxied by abnormal accruals, suggesting that the mandated disclosure of ICD effectively identifies financial reporting quality in Chinese firms. This relationship is enhanced by government control of firms (especially the central government) and by the intensity of government inspections and is stronger in undeveloped regional markets. The results are robust to the application of the PSM-DID method and use of different measures and samples. Our findings demonstrate the critical role of the mandated disclosure of ICD and improve our understanding of internal control mechanisms in emerging markets.

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来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
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