Government Auditing,Fiscal Transparency and Land Capitalization
Based on the restrictive and constructive role of government auditing,this paper focuses on local governments'land capitalization as a pivotal aspect,incorporating the perspective of fiscal transparency.It investigates the impact and heterogeneity of government auditing on land capitalization while further elucidating its underlying mechanism.The findings demonstrate that the constructive role of government auditing exerts an inhibitory effect on local governments'land finance,particularly significant in central and western regions.Conversely,the restrictive role of government auditing also hampers local governments'land financialization but is notably significant in the eastern region.The results of mechanism analysis reveal that through its restrictive role,government auditing enhances financial transparency which contributes to standardizing and restraining local governments'land capitalization behavior.The conclusions can serve as reference and contain policy implications for effectively utilizing government auditing as a macro-control toolbox to mitigate risks associated with local government land capitalization.
government auditingfiscal transparencyland capitalization
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