企业国际化与财务报告质量——基于我国制造业上市企业的经验证据
On the relationship between enterprise internationalization and the quality of financial reporting——Based on the empirical evidence of listed manufacturing enterprises in China
李天宝1
作者信息
- 1. 阜阳师范大学 经济学院,安徽 阜阳 236037
- 折叠
摘要
文章以 2014-2018 年我国制造业上市企业为样本,采用固定效应模型进行实证分析,研究了企业国际化的不同阶段对财务报告质量的影响,并进一步检验了外部审计质量的调节作用.结果表明:国际化程度与盈余管理呈显著的"U"型关系.较高的审计费用并不能抑制企业国际化初期盈余管理,反而有助于企业国际化后期盈余管理;大型会计师事务所审计和较高质量的审计意见均能显著抑制企业国际化后期盈余管理,而对抑制企业国际化初期盈余管理均不显著.这对政府部门加强监管和国际化企业提升财务报告质量具有借鉴意义.
Abstract
Taking listed manufacturing enterprises in China from 2014 to 2018 as a sample,the article empirically analyzes the impact of different stages of enterprise internationalization on financial reporting quality by using a fixed-effect model,and further tests the moderating role of external audit quality.The results show that the degree of internationalization has a signifi-cant U-shaped relationship with surplus management.Higher audit fees do not inhibit surplus management in the early stage of internationalization,but rather contribute to surplus management in the late stage of internationalization;audits by large account-ing firms and higher-quality audit opinions significantly inhibit surplus management in the late stage of internationalization,while neither of them significantly inhibits surplus management in the early stage of internationalization.This has implications for the government to strengthen regulation and for internationalized firms to improve the quality of financial reporting.
关键词
企业国际化/财务报告质量/盈余管理/审计质量Key words
enterprise internationalization/financial reporting quality/earnings management/audit quality引用本文复制引用
基金项目
安徽省高校人文社会科学重点项目(2022AH040202)
出版年
2024
NETL
NSTL
万方数据