环境问责风险与重污染企业审计费用——基于中央生态环境保护督察的准自然实验研究
Environmental Accountability Risks and Audit Fees of Heavily-polluting Enterprises——A quasi-natural experimental study based on the central environmental protection inspectorate
郭雪萌 1马佳欣1
作者信息
- 1. 北京交通大学经济管理学院,100044
- 折叠
摘要
本文以2008-2017年我国A股上市制造业企业为样本,以中央生态环境保护督察组进驻为准自然实验,以重污染制造业企业为实验组、非重污染制造业企业为对照组,构建多期双重差分模型,检验环境问责制对重污染企业审计费用的影响.研究发现,环境问责制显著降低重污染企业的审计费用;机制检验发现,环境问责制通过提升重污染企业绿色治理水平、会计信息质量和管理层语调可靠度,来降低重污染企业审计费用;异质性检验发现,在政企关联强、风险承担水平低、地区公众环境关注高的企业,环境问责制对重污染企业审计费用的影响更显著.本研究拓展了中央生态环境保护督察的微观后果,为规范环境风险挑战下重污染企业的审计定价、优化环境规制体系提供理论与决策依据.
Abstract
Taking A-share listed manufacturing enterprises in China from 2008 to 2017 as samples and the central environmental protection inspection tours as a quasi-natural experiment,this study makes heavily-polluting manufacturing enterprises as the experimental group and non-heavily-polluting manufacturing enterprises as the control group,and constructs a multi-period difference-in-differences model to test the impact of environmental accountability on the auditing fees of heavily-polluting enterprises.The study finds that environmental accountability significantly reduces the audit cost of heavily-polluting enterprises.The mechanism test finds that environmental accountability reduces the audit cost of heavily-polluting enterprises by improving the level of green governance,quality of accounting information,and reliability of management tone of heavily-polluting enterprises;the heterogeneity test finds that in enterprises with strong government-enterprise connection,low level of risk-taking,and high public environmental concern in the region,the impact of environmental accountability on audit cost of heavily-polluting enterprises is more significant.This study expands the research on the micro-consequences of the central environmental protection inspection,and provides theoretical and decision-making basis for regulating the audit pricing of heavily-polluting enterprises under the environmental challenges and optimising the environmental regulatory system.
关键词
中央生态环境保护督察/审计费用/绿色治理水平/会计信息质量/管理层语调操纵Key words
central environmental protection inspection/audit fee/level of green governance/quality of accounting information/management tone manipulation引用本文复制引用
基金项目
国家自然科学基金(7227201071973009)
出版年
2024
NETL
NSTL
万方数据