期刊论文

Investor Sentiment and Auditor Conservatism:An Audit Risk Perception Perspective

中文

会计研究

1003-2886

2023

8

179-192

10.3969/j.issn.1003-2886.2023.08.013

71902009,72172149;72272008:国家自然科学基金

本校为其他机构

本文以我国 2008-2017 年间A股上市公司为样本,实证检验了微观企业层面的投资者情绪对审计师谨慎性的影响.实证结果表明,负面的投资者情绪会强化审计师谨慎性,具体表现为审计师会做出更大幅度的审计调整.进一步的研究发现,投资者负面情绪主要影响调减利润的向下审计调整,对调增利润的向上审计调整不存在显著影响;投资者负面情绪会增加审计投入并提高审计费用.本文的研究丰富了审计师谨慎性影响因素方面的文献,同时拓展了投资者情绪经济后果的研究,能够为会计师事务所控制审计风险、提升审计质量提供理论借鉴.

Using a sample of Chinese listed firms from 2008 to 2017,this study examines how firm-level investor sentiment affects auditor conserva-tism.Empirical results show that negative investor sentiment results in a greater magnitude of audit adjustments,which indicates a higher level of auditor conservatism.Further analyses show that compared to upward audit adjustments,the influence of investor sentiment is more pronounced on downward au-dit adjustments;negative investor sentiment results in greater auditor efforts and higher audit fees.This study enriches the literature on auditor conserva-tism a...