共有股东与上市公司异常审计费用

摘要/Abstract

摘要： 作为同行业企业间联结的纽带，大量学者探讨了共有股东对企业行为的影响，但鲜有文献关注共有股东如何影响企业审计工作。本文基于2009—2020年中国上市公司数据，考察了共有股东对异常审计费用的影响。研究发现：共有股东通过提高内部控制质量和制约管理层审计合谋倾向的双重机制显著降低公司异常审计费用。经过识别共有股东变化情况、工具变量法、熵平衡法等一系列稳健性和内生性检验后，该结论依然成立。进一步研究表明，当公司管理层权力越大、所处地区市场化水平越低时，共有股东发挥协同治理作用降低异常审计费用的效果更加显著。并且，共有股东在降低异常审计费用的同时提高了审计质量。研究结论为我国政府部门加强对异常审计费用和审计质量的监管，健全和完善审计议价规则提供了经验参考。

关键词: 共有股东, 异常审计费用, 内部控制, 审计合谋, 审计质量

Abstract: More and more scholars have discussed the influence of common ownership, a link between enterprises in the same industry, on corporate behavior, but less attention has been paid to the research of common ownership in the field of auditing. This paper examines the impact of common ownership on abnormal audit fees by selecting a sample of listed companies in China from 2009 to 2020. It is found that common ownership reduces companies’ abnormal audit fees both by improving the quality of internal controls and by restricting management’s tendency to audit conspiracy. This conclusion is still robust after testing with distinguishing the changes of common ownership, entropy balancing, instrumental variable method and other methods. Further analysis shows that the negative effect of common ownership on abnormal audit fees is more pronounced in firms whose management has greater power and whose marketization level is lower. In addition, common ownership improves the quality of the audit while reducing the abnormal audit fee. This study provides a reference for the regulatory authorities to strengthen the supervision of abnormal audit fees and audit quality, and also for the improvement of audit bargaining rules.

Key words: common ownership, abnormal audit fees, internal control, audit conspiracy, quality of audit

周冬华, 周思阳. 共有股东与上市公司异常审计费用[J]. 管理评论, 2025, 37(12): 209-222.

Zhou Donghua, Zhou Siyang. Common Ownership and Abnormal Audit Fees[J]. Management Review, 2025, 37(12): 209-222.

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