Limited Liability Partnership, Legal Environment and the Value of Audit Insurance

›› 2017, Vol. 33 ›› Issue (9): 65-73.

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Limited Liability Partnership, Legal Environment and the Value of Audit Insurance

ZHANG Junmin, ZHANG Xiao

School of Business, Tianjin University of Finance and Economics, Tianjin 300222, China

Received:2016-06-17 Online:2017-09-10 Published:2017-09-10

特殊普通合伙制、法制环境与审计保险价值

张俊民, 张晓

天津财经大学商学院,天津 300222

作者简介:张俊民(1960),男,山东济宁人,天津财经大学商学院教授,博士;张晓(1989),女,山东德州人,天津财经大学商学院博士生。
基金资助:
国家自然科学基金资助项目(71272189)

Abstract

Abstract: Based on a sample of listed companies in Shanghai and Shenzhen Stock Exchange from 2009 to 2015, this paper analyzes the relationship between auditors' organizational transformation and the value of audit insurance, and then tests the effect of auditors' organizational transformation on the risk premium of audit fees. We find that auditors' organizational transformation improves the risk premium of audit fees with a lag effect. We also find that in regions with a better legal environment, auditors' organizational transformation has a positive effect on the risk premium of audit fees. However, in regions with a poor legal environment, auditors' organizational transformation has no significant impact on the risk premium of audit fees. This paper provides new evidence for the effect of auditors' organizational transformation in China.

Key words: Auditors' organizational Transformation, Legal Environment, Value of Audit Insurance, Risk Premium of Audit Fees

摘要： 本文以2009~2015年中国沪深A股上市公司为样本,实证研究事务所转制对审计收费风险溢价的影响,寻找我国转型经济背景下检验审计保险价值的经验证据。研究发现,事务所转制提高了公司的审计收费风险溢价,但具有时滞效应。进一步地,在法制环境建设水平较高地区,事务所转制后公司的审计收费风险溢价显著增加,而在法制环境建设水平较低地区,事务所转制对审计收费风险溢价没有显著影响。本文对考察中国会计师事务所转制的政策效果具有借鉴意义。

关键词: 事务所转制, 法制环境, 审计保险价值, 审计收费风险溢价

CLC Number:

F239.22

ZHANG Junmin, ZHANG Xiao. Limited Liability Partnership, Legal Environment and the Value of Audit Insurance[J]. , 2017, 33(9): 65-73.

张俊民, 张晓. 特殊普通合伙制、法制环境与审计保险价值[J]. 财经论丛, 2017, 33(9): 65-73.

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Limited Liability Partnership, Legal Environment and the Value of Audit Insurance

特殊普通合伙制、法制环境与审计保险价值

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