Abstract: By taking A-share IPO Companies in Shanghai and Shenzhen Stock Exchanges as a sample from year 2010 to year 2014 in China, the paper examines the relationship among the nature of ownership,auditor reputation and debt financing ability, Research show that:the higher the proportion of state-owned holding company,the lower the selection probability of high auditor reputation;the same situation in other conditions,The auditor reputation and IPO companies significantly positively related to debt financing ability;further study found that auditor reputation associated with debt financing ability is weakened with increasing the proportion of state-owned holding.

摘要： 以2010-2014年中国沪深两市A股IPO公司为样本，实证检验产权性质、审计师声誉与债务融资能力的关系，研究结果发现：公司选择高声誉审计师的概率与国有控股比例成反方向变化；在其他条件相同的情况下，审计师声誉与IPO公司债务融资能力显著正相关；进一步研究发现，审计师声誉与债务融资能力的正相关会随着国有控股比例的提高而减弱。