CAJ | 학술논문

针对中国上市公司自愿为审计师提供餐旅费的现象，基于手工搜集的餐旅费数据，本文实证研究了这一超乎社会礼仪的好客行为是否系统性地导致了上市公司会计信息透明度的降低。研究结果表明，为审计师提供餐旅费的上市公司的信息披露透明度显著的更低。本文采纳差分模型进一步控制可能的内生性，发现结论保持不变。区分最终控制人性质的回归结果表明，相对于民营上市公司，国有上市公司为审计师提供餐旅费显著降低了信息披露的透明度。
침대중국상시공사자원위심계사제공찬려비적현상，기우수공수집적찬려비수거，본문실증연구료저일초호사회례의적호객행위시부계통성지도치료상시공사회계신식투명도적강저。연구결과표명，위심계사제공찬려비적상시공사적신식피로투명도현저적경저。본문채납차분모형진일보공제가능적내생성，발현결론보지불변。구분최종공제인성질적회귀결과표명，상대우민영상시공사，국유상시공사위심계사제공찬려비현저강저료신식피로적투명도。
This paper manually collects data of hospitality which the auditors receive from their clients and then em- pirically studies whether the behavior which is not commensurate with normal courtesies of social life systematically impairs the transparence of disclosure. The empirical results show that the transparence of disclosure of the listed companies who provide hospitality for auditors is significantly impaired. To control the possible endogeneity, we also use differential model to further guarantee the results. Grouping sample by the ultimate owners, we find that the hospitality influence on transpar- ence of disclosure of state-owned enterprises is significant relative to non-state-owned enterprises.