投资机会 可操控性应计利润与审计质量的相关性分析-correlation analysis between investment opportunity controllability, accrued profit and audit quality.docxVIP

首都经济贸易大学硕士学位论文《投资机会 首都经济贸易大学硕士学位论文 《投资机会、可操控性应计利润与审计质量的相关性研究》 II II Abstract Audit, as an oversight regulatory means and institutional arrangements, can not only effectively solve the agency problems within the enterprise, but also can constrain the opportunistic behavior of the enterprise management. Meanwhile, corporate investment opportunities is also one of the most concern areas which scholars are most concerned about in corporate governance and business management for a long time. Therefore, this essay selected financial data from 2006 to 2010 of the enterprise of Shanghai and Shenzhen-listed A shares in China as the study sample, by removing finance and insurance industry and the incomplete data, and then obtained 5698 sample data to construct regression models to examine the relationship between audit quality with corporate investment opportunity and discretionary accruals. Empirical examination found that enterprises with high investment opportunities are more inclined to choose a high quality audit to supervise its managers, furthermore, with the increase in corporate investment opportunities, the requirements of the audit quality will rise, which shows a significant existence of positive correlation between both. For further explore the inherent connection, this article introduces another variable discretionary accruals of earnings management and found that enterprises with high investment opportunities are more likely to have more discretionary accruals than enterprises with low investment opportunities but this relationship is weaker when they have high audit quality, which means high audit quality can curb the discretionary accruals of enterprises with high investment opportunities, so this further explained the reason that enterprises are more inclined to pursue high audit quality. The nuclear content and main structure of the article are as follows: The first part introduces the research background and significance of the article, the home and abroad