关系型交易对审计费用的影响——基于经营风险理论视角

关系型交易模式可能会在议价能力、关系专用性投资成本转换等方面加剧上市公司的经营风险,进而影响审计费用。已有研究主要集中于关系型交易对审计行为的影响,鲜有文献关注其中的作用机制。本文基于经营风险理论视角,选取2008~2017年沪深A股制造业上市公司的相关数据,实证分析了关系型交易对审计费用的影响,结果表明:关系型交易显著加剧了企业经营风险的集聚,进而提升审计费用,即经营风险在关系型交易对审计费用的影响中起到了中介作用。进一步研究,在区分了产权性质以及耐用品特征后,实证结果显示关系型交易与审计费用的正相关关系在非国有企业以及耐用品行业的企业中较为显著,为审计师进行合理审计定价提供了经验证据支持。

The Impact of Relational Transactions on Audit Fees:A Perspective from Business Risk Theory

The relational trading model may aggravate the operational risks of listed companies in terms of bargaining power and cost conversion of relational specific investment,thus affecting the audit fees.Existing researches mainly focus on the impact of relational transactions on audit behavior,but seldom focus on its mechanism.From the perspective of the theory of business risk,this paper selects data of A-share listed manufacturing companies between 2008 and 2017,and conducts empirical analysis of the impact of relational trade on audit fees.The results show that the relational transactions has significantly increased the risk accumulation of enterprises,and then boosted audit fee,which indicates that the business risk of relational trade plays an intermediary role in audit fees.Further research shows that in the study samples of non-state-owned enterprises and enterprises in durable goods industry,relational transactions have a more significant positive impact on audit fees.This paper provides empirical evidence for auditors to conduct rational audit pricing.