负面报道对信息披露质量与审计费用的影响:基于制造业的实证研究

摘要

In response to the negative report on the quality of information disclosure and audit costs,take 2013——2015 lis-ted companies in Shenzhen stock board manufacturing industry as samples,this article constructs the Logistic regression model to make an empirical analysis of the negative reports,the quality of information disclosure and the audit fees. The empirical results show that:the more public companies suffer from negative media coverage, the worse the quality of information disclosure, the media as an invisible supervisor effectively exert the supervision of listed companies;the more negative media coverage,the infor-mation of listed companies. The higher the level of quality improvement disclosed,the less fully supported it. For audit agencies, the number of negative reports directly affects the level of their audit fees,and the effect of non-standard opinions is limited.%针对负面报道对信息披露质量与审计费用的影响问题,以2013—2015深市主板制造业上市公司为样本,构建Logistic 回归模型对负面报道、信息披露质量和审计费用进行实证分析.实证结果显示:上市公司受到媒体的负面报道数量越多,其信息披露质量就越差,说明媒体作为隐形监督方切实发挥了对上市公司的监督效能;媒体负面报道越多,上市公司的信息披露质量改善程度越高的假设并未得到完全支持.对于审计机构而言,负面报道的数量直接影响其审计费用的高低,非标准审计意见的作用效果有限.