【摘要】 我国资本市场起步较晚,缺乏成熟的运行机制,与境外市场的融合程度也较低。"陆港通"作为中国资本市场对外开放的里程碑事件,实现了境内外投资者的互联互通,对证券市场的改革和发展有着重要影响。本文以"陆港通"政策的实施为背景,探究了资本市场开放对公司审计的影响。研究发现,在公司成为"陆港通"标的后,其审计质量和审计收费都有显著上升。进一步分析表明,在实施"陆港通"后,非"十大"审计、弱公司治理以及非交叉上市公司的审计质量和审计收费有显著提升。本文从审计角度切入,研究了资本市场开放的经济后果,为我国金融改革的进一步深化、"陆港通"政策更大范围推行提供了重要的理论和实践依据。更多还原

【Abstract】 Yong and immature,Chinese stock market is lack of interaction with foreign market and is short of sophisticated mechanism as well.As a milestone,Mainland-Hong Kong Stock Connect brings about interaction between domestic and foreign investors and has an important impact on our capital market.Based on the implementation of Mainland-Hong Kong Stock Connect,this paper explores the effect of market liberalization on auditing.It has been found that audit quality and audit fee increase significantly after the companies are eligible for trading by Hong Kong investors.Further analysis shows that companies not audited by Big 10 or cross-listed in Hong Kong,or with weak corporate governance,see significant increase in audit quality and audit fee.This study examines the effect of Mainland-Hong Kong Stock Connect from the perspective of auditing,providing theoretical and empirical evidence for the further liberalization of the capital market and better connectivity between mainland and Hong Kong.更多还原