Research on the Impacts of ESG Rating Divergence on Audit Fees
ESG rating divergence reflects the differences in ESG performance ratings among various institutions for the same company.Based on this,this study uses micro-panel data of A-share listed companies in China from 2018 to 2022 as a sample to deeply analyze the relationship between ESG rating divergence and audit fees,as well as its internal mechanism.The results show that there is a positive correlation between the degree of ESG rating divergence and the amount of audit fees,that is,the greater the divergence,the higher the audit fees.Mechanism research indicates that ESG rating divergence mainly increases audit fees through three pathways:increasing operational risk,reputation risk,and information risk.Heterogeneity analysis shows that in sample groups with strong professional competence of auditors,high internal control,and high analyst attention,the impact of ESG rating divergence on audit fees is more pronounced.
NETL
NSTL
万方数据
