董事会国际化与审计师选择:来自中国资本市场的经验证据

发布时间：2018-02-27 05:13

本文关键词： 董事会国际化审计师选择公司治理　出处：《审计研究》2016年03期 　论文类型：期刊论文

【摘要】：董事会国际化逐渐成为董事会治理研究的热点话题。探讨董事会国际化对审计师选择的影响,可以进一步了解董事会国际化的监督意愿和治理能力。通过手工收集2004—2014年中国上市公司董事会国际化数据,实证研究了董事会国际化对审计师选择的影响。研究发现:董事会国际化与高质量审计师显著正相关;虽然外籍独立董事和外籍非独立董事均与"四大"显著正相关,但外籍独立董事的影响更大;董事会国际化与"四大"的正向关系仅在境内实际控制人组显著。经过一系列敏感性测试与内生性控制后上述研究结论依然成立。这一结果表明,国际化的董事会具有较强的监督意愿和治理能力。对董事会国际化与审计师选择的研究,可以为审计师选择的影响因素提供增量的经验证据,为完善上市公司董事会治理提供有益的参考。
[Abstract]:The internationalization of the board of directors has gradually become a hot topic in the study of board governance. We can further understand the supervision will and governance ability of the board of directors. Through manual collection of data on board internationalization of Chinese listed companies from 2004 to 2014, The empirical study shows that the internationalization of the board of directors has a significant positive correlation with the high quality auditors, although both the foreign independent directors and the foreign non-independent directors are significantly positively correlated with the "Big four". However, the influence of foreign independent directors is even greater; the positive relationship between the internationalization of the board and the "Big four" is only significant in the group of actual controllers in China. After a series of sensitivity tests and endogenous control, the above conclusions are still valid. The internationalization of the board of directors and the choice of auditors can provide incremental empirical evidence for the influencing factors of auditor selection. To improve the governance of the board of directors of listed companies to provide a useful reference.
【作者单位】：厦门大学管理学院会计系;
【基金】：国家自然科学基金(项目编号:71572162) 教育部人文社科基地重大项目(项目编号:13JJD790027) 高等学校博士学科点专项科研基金(项目编号:20120121110007)的资助
【分类号】：F239.22

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