【摘要】 透明度是衡量会计信息质量的核心指标,现有文献孤立地考察媒体关注和独立审计对会计信息透明度的影响。笔者以2009—2013年中国A股上市公司为样本,动态考察媒体关注和独立审计在提高会计信息透明度方面是否具有协同治理效应。研究表明,媒体负面报道越多,会计信息透明度越差;被出具非标审计意见的公司,会计信息透明度较差;只有当媒体关注和审计意见协同起来,即媒体负面报道具有风险警示作用,审计意见实证了媒体的风险警示,媒体关注和独立审计的协同治理才能提高会计信息透明度。本文的研究拓展了媒体关注和审计治理在会计信息披露领域的文献,为资本市场解读媒体关注和审计意见的信息含量提供了经验证据。更多还原

【Abstract】 Transparency is a core indicator of accounting information quality,and existing literature independently examines the effect of media focus and audit independence on the transparency of accounting information. This paper uses China A-Share companies from 2009-2013 to study whether media focus and audit opinion may have a combined governing effect on the transparency of accounting information. Results show that the more negative the media coverage,the less transparent the financial information,and that modified audit opinions are likewise accompanied by lower financial transparency. Media focus and audit have a combined governing effect on accounting information transparency only when media focus and audit opinion act in tandem( Auditors find evidences to confirm these risks when negative media attention serves as a risk warning). This paper enriches the existing body of literature concerning the effect of media focus and audits on accounting information disclosure,and provides further empirical evidence for how the capital market interprets the informational content of media focus and audit opinions.更多还原