Energy Infrastructure Investment and Audit Pricing——Evidence from ultra-high voltage project
This paper examines the positive role of ultra-high voltage(UHV)transmission projects in reducing energy supply uncertainty and audit pricing.Based on the data of A-share listed companies,the research reveals that the commissioning of ultra-high voltage transmission lines significantly reduces audit pricing.Mechanism analysis results indicate that the commissioning of ultra-high voltage transmission lines reduces operation,audit and litigation risks for companies,enhances audit efficiency,thereby lowering audit pricing.Heterogeneity analysis results show that the impact of ultra-high voltage transmission line commissioning on reducing audit pricing is more significant in companies with a better industry or regional market environment,worse financial condition,higher agency cost,stronger auditor industry expertise and higher audit complexity.This paper provides micro-level evidence for the role of energy infrastructure construction in promoting cross-regional factor mobility and provides decision-making references for improving the practice level and high-quality development of China's public accounting service industry.
ultra-high voltage transmission projectenergy supply uncertaintyaudit pricing
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