审计市场结构与市场绩效的相关性研究

发布时间：2018-04-30 15:55

本文选题：审计市场结构 + 市场绩效　；参考：《湖南大学》2007年硕士论文

【摘要】： 注册会计师审计这一市场治理机制的存在,旨在提高资本市场资源的配置效率和增加社会福利,良好的审计市场绩效是实现这一目标的保证,而审计质量是审计市场绩效的核心,当整个审计市场的审计质量问题引起审计市场绩效低下之时,研究市场绩效具有一定的理论和现实意义。本文以产业组织理论为理论基础,在理论分析的基础之上进行实证研究,旨在考察我国审计市场结构的现实情况,并在此基础上揭示了审计市场结构与市场绩效的相关关系,从而为优化审计市场结构、规范审计市场提供相关政策建议。本文将审计质量看作是审计市场绩效的核心,通过对审计市场结构与市场绩效的相关性的理论分析,得出基本思路:高度集中的寡占型审计市场仍然有效,可以提供高质量的审计服务,从而提高市场绩效;当市场被几个大型事务所瓜分之后,专业化经营是规模化之后的竞争策略,专业化经营使审计师获得了行业专长,由于事务所的专用投资和学习效应的存在,从理论上讲审计师的行业专长能够提高市场绩效;事务所的专业化经营又提高了审计市场进入壁垒(具体来说是再进入壁垒),市场退出壁垒也随之提高,行业壁垒的提高能够提高市场绩效;审计市场的强地域性削弱了市场的有效竞争,导致了市场绩效的低下。并在此基础之上,进一步以上市公司盈余管理的程度(即可操纵性应计利润)作为审计质量的替代变量,以此衡量市场绩效,然后建立相关的回归模型对理论分析中的研究假设进行检验。研究结果表明:在一定范围内,审计市场集中度越高,市场绩效越高;具有行业专长的审计师获得了明显的审计收费溢价,但是审计师的行业专长非但没有提高市场绩效,反而在一定程度上降低了市场绩效,这可能是由于行业专家本身和其客户原因共同造成的;审计市场的进入退出壁垒越高,市场绩效越高;审计市场的强地域性导致了市场绩效的低下,因此很有必要打破审计市场的地域垄断。基于上述研究结论,本文提出优化审计市场结构、规范审计市场的几点建议,即形成高集中度寡占型审计市场、对收费行为进行适当限制、打破证券审计市场的地域性以优化审计市场结构,从而提高市场绩效。
[Abstract]:The existence of the market governance mechanism of CPA audit aims at improving the allocation efficiency of capital market resources and increasing social welfare. Good audit market performance is the guarantee to achieve this goal. The audit quality is the core of the audit market performance. When the audit quality problem of the whole audit market causes the audit market performance to be low, it has certain theoretical and practical significance to study the market performance. Based on the theory of industrial organization and theoretical analysis, this paper makes an empirical study in order to investigate the actual situation of audit market structure in China, and on this basis, it reveals the correlation between audit market structure and market performance. In order to optimize the structure of the audit market and standardize the audit market to provide relevant policy recommendations. This paper regards audit quality as the core of audit market performance. Through the theoretical analysis of the correlation between audit market structure and market performance, the basic ideas are obtained: the highly concentrated oligopoly audit market is still effective. Can provide high-quality audit services, thereby improving market performance; when the market is divided up by several large firms, specialization is a competitive strategy after scale, and specialization gives auditors industry expertise. Due to the existence of special investment and learning effect, auditors' industry expertise can improve market performance in theory. The specialized management of the firm raises the barriers to entry of the audit market (specifically, the barriers to re-entry, the barriers to market exit, and the improvement of trade barriers can improve the market performance; The strong regionality of audit market weakens the effective competition of the market and leads to the low market performance. On this basis, the degree of earnings management of listed companies (i.e. manipulative accrual profits) is taken as the substitute variable of audit quality to measure market performance. Then the related regression model is established to test the research hypotheses in the theoretical analysis. The results show that the higher the audit market concentration is, the higher the market performance is, the higher the audit fee premium is for the auditors with industry expertise, but the more the auditors' industry expertise does not improve the market performance, the higher the market performance is. On the contrary, the market performance is reduced to a certain extent, which may be caused by the industry experts themselves and their customers, the higher the barriers to entry and exit of the audit market, the higher the market performance. The strong regionality of the audit market leads to the low market performance, so it is necessary to break the regional monopoly of the audit market. Based on the above conclusions, this paper puts forward some suggestions for optimizing the structure of audit market and standardizing the audit market, that is, to form a high-concentration oligopoly audit market and to restrict the charging behavior properly. In order to optimize the audit market structure and improve the market performance, the regional nature of the securities audit market is broken.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2007
【分类号】：F239.4

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