财务舞弊公司董事会变更及其对审计师变更的影响——基于面板数据Logit模型的研究

本文以2002—2005年间因财务舞弊而被证监会、上交所和深交所谴责公告的61家A股上市公司为样本,以舞弊被公告前一年到公告后第三年为研究区间,运用配对样本T检验探讨后续治理中董事会成员和审计师如何变更,并建立面板数据Logit模型研究董事会变更对审计师变更的影响,得出了以下结论:从公告前一年到公告后第三年,财务舞弊公司的董事会发生了显著变更,但只有其非常规性变更才对审计师变更有显著正影响。然而,以控制组公司数据为对象,并未发现董事会变更会影响审计师变更。

Directorate Turnover and Its Effect on Auditors Switch in Financial Fraud Companies——Based on the Panel Date Logit Model

This paper selects 61 A-share listed firms which received enforcement actions from the Chinese Securities Regulatory Commission,Shanghai stock exchange and Shenzhen stock exchange due to financial fraud between 2002 and 2005 as sample,and sets the first year before the fraud detection to the third year after the fraud detection as research period.Using Paired-Samples T Test,the paper discusses the members of the directorate and auditors how to turnover after the fraud detection.Through setting the Panel Date Logit Model,the paper researches the relationship between the directorate turnover and auditors switch.Then the paper makes the following conclusions:From the first year before the fraud detection to the third year after the fraud detection,the turnover of chairmen and directors is significant,but only the non-routine turnover of chairmen and directors has a positive and significant effect on auditor switching.However,using the data of control companies,the paper doesn't find that directorate turnover would influence auditor switching.