研发支出、审计费用与企业社会责任披露:来自中国上市公司的证据*

IF 1.8 4区 经济学 Q2 BUSINESS, FINANCE Asia-Pacific Journal of Financial Studies Pub Date : 2022-06-13 DOI:10.1111/ajfs.12371
Yi Zhang
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引用次数: 0

摘要

对2008 - 2018年中国上市公司的研究表明,研发支出与审计费用的增加有关。然而,企业社会责任信息披露可以减弱这种费用的增加,特别是在信息环境不透明、高风险和非高新技术企业中。这些发现是稳健的使用代理和工具变量,倾向得分匹配,并控制企业固定效应和企业社会责任绩效。本研究有助于理解研发活动的经济后果、审计费用的决定因素和企业社会责任披露。
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Research and Development Expenditure, Audit Fees, and Corporate Social Responsibility Disclosure: Evidence from Chinese Listed Firms*

This study of Chinese listed firms from 2008 to 2018 shows that research and development (R&D) expenditure is associated with increased audit fees. However, corporate social responsibility (CSR) disclosure can attenuate this fee increase, especially in firms with an opaque information environment, high risks, and non-high- and new-technology enterprises. These findings are robust to the use of proxies and instrumental variables, propensity score matching, and controlling for firm fixed effects and CSR performance. This study contributes to the understanding of the economic consequences of R&D activities, determinants of audit fees, and CSR disclosure.

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来源期刊
CiteScore
2.60
自引率
20.00%
发文量
36
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