摘要
近年来,国际贸易摩擦频繁发生,对经济发展和企业进出口都产生了重大影响。本文将研究视角聚焦于审计师行为,探讨国际贸易摩擦是否以及如何影响上市公司的审计费用水平。研究发现,企业遭受贸易摩擦冲击以后,审计费用水平明显提高。在采用平行趋势检验、PSM配对、安慰剂测试等一系列稳健性检验后,这一结论依然成立。进一步的机制检验发现,贸易摩擦增大了企业的经营风险,提高了企业的盈余管理程度,并且促使审计师在工作时付出更多努力,进而提高了审计费用水平。最后,异质性检验发现,对于国际四大会计师事务所,贸易摩擦对审计费用的影响明显强化;但是当上市公司是会计师事务所的重要客户时,贸易摩擦对审计费用的影响显著弱化。本文从审计师行为视角揭示了国际贸易摩擦的微观经济后果,相关结论对于企业和有关部门均具有重要的借鉴意义。
In recent years,frequent international trade frictions exert a significantly negative impact on economic development and firm exports.This paper focuses on auditor behavior and explores whether and how international trade frictions affect audit fees.We find that audit fees are significantly increasing when firms are subject to trade frictions.This conclusion holds when we conduct a battery of robust checks such as parallel trend test,PSM matching,and placebo testing.Further mechanism test shows that trade friction leads to a higher firm operating risk,more earnings management,and more audit effort,which finally results in higher audit fees.In addition,heterogeneity tests find that the impact of trade friction on audit fees is more pronounced in big 4 audit firms,but less pronounced when firms are auditors'key clients.This paper reveals the economics consequence of trade friction from the audit behavior perspective,and its conclusion has important implications for firms and related departments.
作者
许浩然
张琪
慕者者
Haoran Xu;Qi Zhang;Zhezhe Mu
出处
《会计与控制评论》
2022年第2期150-178,共29页
Review of Accounting and Control
基金
国家自然科学基金项目(项目编号:72002026)
东北财经大学2022年度省级以上科研平台研究能力提升专项(PT-Y202221)
关键词
国际贸易摩擦
审计费用
作用机制
international trade frictions
audit fees
mechanism
