关键词: 政府财会监督, 企业新质生产力, 预算信息披露质量, 财政部门

Abstract: Financial supervision is an important component of the supervision system of the Party and the state, playing an important role in regulating financial order and promoting healthy economic and social development. However, there are few literature reviews exploring the micro governance effects of government financial supervision from the perspective of the quality of budget information disclosure by the financial department. Based on the perspective of the quality of budget information disclosure of financial departments in 31 provinces and municipalities (excluding Taiwan, Hong Kong and Macao), this paper empirically tests the impact and mechanism of government financial and accounting supervision on the new quality productivity of enterprises by using the empirical data of A-share listed companies from 2011 to 2021. Research has found that government financial and accounting supervision can significantly improve the new quality productivity of enterprises. The impact mechanism test has found that government financial and accounting supervision can improve the level of financial fund management, optimize resource allocation efficiency, and reduce government intervention, thereby enhancing the new quality productivity of enterprises. Heterogeneity testing has found that government financial and accounting supervision has a more significant promoting effect on the new quality productivity of enterprises. And the effect is even more pronounced in enterprises with higher internal control quality, weaker managerial myopia and lower agency costs. The research conclusion enriches the relevant literature on the factors influencing the new quality productivity of enterprises, which is conducive for the finance department as the main responsible department for government financial and accounting supervision to clarify the micro governance efficiency, and to provide empirical evidence for the new quality productivity of enterprises.

Key words: Government Accounting Supervision, Enterprise New Quality Productivity, Budget Information Disclosure Quality, Financial Department