财务报告问询函对会计稳健性的影响:直接效应与溢出效应

基于非处罚性监管的视角,考察财务报告问询函对收函公司会计稳健性的直接效应,以及与收函公司具有联结关系的公司会计稳健性的间接影响即溢出效应。结果发现：财务报告问询函能提高收函公司的会计稳健性,并对与收函公司具有审计师联结和高管联结关系的上市公司（简称“关联公司”）的会计稳健性产生积极的监管效应;正式制度与非正式制度的异质性会导致问询函监管效应的差异,即在交易所监管力度较强和社会信任环境更好时,财务报告问询函对收函公司及具有审计师联结关系的关联公司的会计稳健性影响更明显,但对具有高管联结关系的关联公司的会计稳健性影响并不显著。

The Influence of Financial Report Inquiry Letter on Accounting Conservatism: Direct Effects and Spillover Effects

Based on the perspective of non-punitive supervision, this paper examines the direct effect of financial report inquiry letter on the accounting conservatism of the receiving company and the indirect impact of the company''s accounting conservatism connected with the receiving company, that is, the spillover effect. The results show that the financial report inquiry letter can improve the accounting conservatism of the receiving company, and has a positive regulatory effect on the accounting conservatism of listed companies (hereinafter referred to as "affiliated companies") with auditor connection and executive connection with the receiving company; The heterogeneity of formal system and informal system will lead to the difference of the regulatory effect of inquiry letter, that is, when the exchange has strong supervision and better social trust environment, the impact of financial report inquiry letter on the accounting conservatism of the receiving company and the affiliated company with auditor connection is more obvious, but the impact on the accounting conservatism of the affiliated company with executive connection is not significant.