转型经济中声誉机制有效性研究——来自中国审计市场的证据
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财经研究 2011 年 第 37 卷第 12 期, 页码：18 - 28
摘要
参考文献
摘要
声誉机制是维系市场经济有序运作最为基础的机制之一。文章以审计市场作为切入点系统检验了声誉机制在中国市场的有效性。研究发现,声誉受损之后注册会计师显著提高了其审计质量,市场也作出了恰当的反应,即审计质量改善的注册会计师其客户流失率明显较低、而审计收费明显较高。职业声誉的约束作用在中国再次得到验证,这进一步说明了独立审计职业声誉机制在新兴市场依然具有治理价值。
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[2]方军雄,洪剑峭,李若山.我国上市公司审计质量影响因素研究:发现和启示[J].审计研究,2004,(6):35-43.
[3]方军雄,许平,洪剑峭.CPA职业声誉损害经济后果性研究——来自银广夏事件的初步发现和启示[J].南方经济,2006,(6):90-101.
[4]方流芳.民事诉讼收费考[J].中国社会科学,1999,(3):130-145.
[5]钱颖一.市场与法治[J].经济社会体制比较,2000,(3):1-11.
[6]夏立军.盈余管理计量模型在中国股票市场的应用研究[J].中国会计与财务研究,2003,(2):94-122.
[7]易琮.中国会计事务所产权制度的变迁及其绩效[J].中国会计与财务研究,2003,(1):140-161.
[8]张维迎.法律制度的信誉基础[J].经济研究,2002,(1):3-13.
[9]朱红军,夏立军,陈信元.转型经济中审计市场的需求特征研究[J].审计研究,2004,(5):53-62.
[10]Akerlof G.The market for“lemons”:Quality uncertainty and the market mechanism[J].Quarterly of Journal of Economic,1970,84(3):488-500.
[11]Barton J.Who cares about auditor reputation?[J].Contemporary Accounting Re-search,2005,22(3):549-586.
[12]Bartov E,Gul F,Tsui J.Discretionary-accruals models and audit qualifications[J].Journal of Accounting and Economics,2000,30(3):421-452.
[13]Beatty R.Auditor reputation and the pricing of initial public offerings[J].The Ac-counting Review,1989,64(4):693-709.
[14]Chaney P,Philipich K L.Shredded reputation:The cost of audit failure[J].Journal ofAccounting Research,2002,40:1221-1245.
[15]DeAngelo L E.Auditor size and auditor quality[J].Journal of Accounting and Eco-nomics,1981,1:113-127.
[16]Dechow P M,R G Sloan,A P Sweeney.Detecting earnings management[J].Account-ing Review,1995,70:193-225.
[17]Dechow P,Dichev I.The quality of accruals and earnings:The role of accrual estima-tion errors[J].The Accounting Review,2002,77(supplement):35-59.
[18]DeFond M,Wong T J,Li S.The impact of improved audit independence on audit mar-ket concentration in China[J].Journal of Accounting and Economics,2000,28:269-305.
[19]Firth M.Auditor reputation:The impact of critical reports issued by government in-spectors[J].The Rand Journal of Economics,1990,21(3):374-387.
[20]Francis J.The effect of audit firm size on audit prices:A study of the Australian market[J].Journal of Accounting and Economics,1984,6:133-151.
[21]Francis J,Maydew E,Sparks H.The role of big 6auditors in the credible reporting ofaccruals[J].Auditing:A Journal of Practice and Theory,1999,18(2):17-34.
[22]Francis J,LaFond R,Olsson P,et al.Costs of equity and earnings attributes[J].TheAccounting Review,2004,79(4):967-1010.
[23]Hribar P,Collins D.Errors in estimating accruals:Implications for empirical research[J].Journal of Accounting Research,2002,40(1):105-134.
[24]Jones K,Krishnan G,Melendrez K.Do models of discretionary accruals detect actualcases of fraudulent and restated earnings?An empirical analysis[J].Contemporary Ac-counting Research,2008,25(2):499-531.
[25]Klein B,K Leffle.The role of market forces in assuring contractual performance[J].Journalof Political Economy,1981,89(4):615-641.
[26]Krishnamurthy S,Zhou J,Zhou N.Auditor reputation,auditor independence,and thestock-market impact of Andersen’s Indictment on its client firms[J].ContemporaryAccounting Research,2006,23(2):465-490.
[27]Nelson P.Information and consumer behavior[J].Journal of Political Economy,1970,78:311-329.
[28]Srinidhi B,Gul F.The differential effects of auditors’nonaudit and audit fees on ac-crual quality[J].Contemporary Accounting Research,2007,24(2):595-629.
[29]Teoh S H,Wong T J.Perceived auditor quality and the earnings response coefficients[J].Accounting Review,1993,68:346-367.
[30]Wilson T,Grimlund R.An examination of the importance of an auditor’s reputation[J].Auditing:A Journal of Practice and Theory,1990,9(2):43-59.
[31]Wang Q,Wong T J.Xia L.State ownership,the institutional environment,and auditorchoice:Evidence from China[J].Journal of Accounting and Economics,2008,46:112-134.
引用本文
方军雄. 转型经济中声誉机制有效性研究——来自中国审计市场的证据[J]. 财经研究, 2011, 37(12): 18–28.
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