环境不确定性、管理层持股与审计决策

Environmental Uncertainty, Management Shareholding and Audit Decision

摘要: 以2015~2019年A股上市公司为研究样本，实证检验了环境不确定性、管理层持股与审计决策的关系。结果表明：1) 企业面临的环境不确定性与审计费用、被出具非标准审计意见概率显著正相关，符合以往的研究结论；2) 管理层持股会加强环境不确定对审计费用的正相关性，而削弱环境不确定对被出具非标准审计意见可能性的正相关性；3) 无论大小规模，管理层持股对环境不确定性与审计费用的正向调节效应都显著，而对环境不确定性与被出具非标准审计意见可能性的负向调节效应只在小规模企业中显著。

Abstract: Using the data of China’s A-share listed companies during the 2015~2019 period, this paper empirically examines the relationship between environmental uncertainty, management ownership and audit decisions. The results show that: 1) The environmental uncertainty faced by enterprises is significantly positively correlated with audit costs and probability of being issued non-standard audit opinions, which is consistent with previous research conclusions; 2) Management ownership will strengthen the positive correlation between environmental uncertainty and audit fees, but weaken the positive correlation between environmental uncertainty and the possibility of issuing non-standard audit opinions; 3) Regardless of size, management ownership has a significant positive moderating effect on environmental uncertainty and audit cost, while the negative moderating effect on environmental uncertainty and the possibility of being issued non-standard audit opinions is significant only in small-scale enterprises.