审计稳健性与投资者决策、公司市场价值

发布时间：2018-03-01 13:24

本文关键词： 诉讼风险审计稳健性投资效率市场价值　出处：《数学的实践与认识》2017年19期 　论文类型：期刊论文

【摘要】：如何持续提升资本市场的配置绩效是投资者和其他利益各方关注的重大问题.在对国外审计师稳健性经济后果模型修正的基础上,着重从诉讼风险角度,分析了审计师稳健性与投资者投资效率和客户公司市场价值的关系.结果发现:在法律法规健全且有效实施的条件下,审计师的鉴证类型(稳健或激进、中性)决定了投资者的投资效率和公司的市场价值.反之,激进型审计策略成为审计师的主流特征,结果导致投资者过度投资和投资不足并存、公司价值低估与高估同在的格局.然后,结合我国投资者长期投资不足、公司价值低微的现实,予以印证.主要创新是按照法律制度是否健全和实施力度分析了审计稳健性与投资效率和公司价值的关系.
[Abstract]:How to continuously improve the allocation performance of the capital market is a major concern for investors and other stakeholders. On the basis of modifying the model of the robust economic consequences of foreign auditors, this paper focuses on litigation risk. This paper analyzes the relationship between auditor robustness and investors' investment efficiency and the market value of client company. The results show that under the condition of sound and effective enforcement of laws and regulations, the auditor's authentication type is robust or radical. Neutral) determines the investment efficiency of the investor and the market value of the company. On the contrary, the aggressive audit strategy becomes the main characteristic of the auditor, which leads to the coexistence of overinvestment and underinvestment by the investor. Then, combining with the fact that the investors in our country have been underinvesting for a long time, the value of the company is low. The main innovation is to analyze the relationship between audit robustness and investment efficiency and company value according to whether the legal system is sound or not.
【作者单位】：重庆工商大学会计学院;
【基金】：重庆市自然科学基金项目(cstc2012jjA1547) 重庆市社会科学规划项目(2011YBJI019) 教育部规划项目(10YJA790191) 重庆市教委科技项目(KJ140620) 重庆工商大学会计学院规划项目等的阶段性成果
【分类号】：C934;F239.4;F275

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