Research on Enterprise Green Innovation and Audit Fees
On the one hand,green innovation brings innovation compensation effect and competitive ad-vantage to enterprises to improve financial performance,and on the other hand,it reduces corporate environmental risks,improves＂legitimacy＂status and establishes a good reputation to improve non-fi-nancial performance,thereby reducing the necessary audit costs and audit risks for auditors,and reduc-ing audit fees.As an important subject of green innovation,it is of great significance to explore the role of enterprise green innovation on audit fees to stimulate the innovation vitality of enterprises and pro-mote the reasonable pricing of audit services.Take the audit fee as a proxy variable for quantitative au-ditors＇decision-making.Using the relevant data of Shanghai and Shenzhen A-share listed companies from 2007 to 2022,this paper empirically examines the impact and mechanism of corporate green in-novation on audit fees.The results show that corporate green innovation significantly reduces the audit cost of enterprises.From the perspective of the mechanism of action,corporate green innovation can significantly reduce audit costs by improving financial performance and assuming green responsibility.Considering the differences in the internal governance environment of enterprises,the negative correla-tion between corporate green innovation and audit costs is more significant in profitable enterprises and enterprises with higher internal governance efficiency.The conclusion expands the boundaries of enter-prise green innovation research,and provides a new perspective for the influencing factors of audit fees and the reasonable pricing of audit services.
Green Innovation of EnterprisesAudit FeesFinancial Performance
万方数据
维普
