政府审计对企业高质量发展的影响——基于审计署央企审计结果公告的实证分析

经济新常态的到来和新时代经济高质量发展目标的提出,对中央企业的经营发展提出了更高的要求。政府审计作为国家治理的重要组成部分,对央企上市公司的经营管理具有重大影响。以2010—2018年我国中央企业控股的全部上市公司为研究样本,实证检验政府审计对企业高质量发展的影响,结果表明:政府审计有利于促进企业高质量发展;公司治理在政府审计与企业高质量发展中具有中介效应。进一步研究发现,当企业发展质量较高时,政府审计对企业高质量发展的促进作用更强;政府审计力度越大,越有利于促进企业高质量发展。

The Impact of Government Audits on the High-quality Development of Enterprises:An Empirical Analysis Based on the Audit Results Announcements of the Central Enterprises of the China National Audit Office

The arrival of the new normal of the economy and the proposal of high-quality economic development goals in the new era put forward higher requirements for the operation and development of central enterprises. As an important part of national governance, government audit has a major impact on the operation and management of listed companies of central enterprises. This article takes all listed companies controlled by central enterprises in China as the research sample from 2010 to 2018, and empirically tests the impact of government audits on the high quality development of enterprises. The study finds that government audit is conducive to promoting high-quality development of enterprises; corporate governance plays an intermediary role in government audit and high-quality development of enterprises. The conclusion is still valid after robustness tests such as difference in differences regression, replacing the measurement of the explained variable and placebo tests. Further analysis also finds that when the quality of enterprise development is high, government audits have a stronger role in promoting high-quality development of enterprises; the greater the intensity of government audits, the more conducive to promoting high-quality development of enterprises.