家族企业代际传承前多个继承人与审计费用
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国家自然科学基金项目(72462021;71962012)


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    摘要:

    以家族企业代际传承前的多个继承人治理情境为切入点,选取2004—2023年中国A股上市家族企业为研究样本,实证检验了代际传承前多个继承人对家族企业审计费用的影响。研究表明,代际传承前多个继承人产生的继承人冲突显著提高了家族企业的审计费用,机制检验发现上述影响主要通过加剧企业经营风险、提高审计师感知风险以及增加审计资源投入等路径实现。异质性检验显示,当家族企业业务复杂程度越高、家族企业位于法治化水平更高的地区或受儒家文化影响程度更深时,多个继承人对审计费用的提高效应更为显著。进一步研究发现,尽管代际传承前多个继承人的存在会提高审计费用,但审计质量却显著下降,表明代际传承前多个继承人导致的审计费用增长更多源于风险溢价与审计成本,而非审计服务质量的实质性提升,而代际传承后,继承人间的冲突缓和,监督协同效应增强,原多继承人对审计费用产生抑制作用。

    Abstract:

    This study investigates the impact of multiple heirs on audit fees in family firms before intergenerational succession, using a sample of Chinese Ashare listed family firms from 2004 to 2023. Empirical results demonstrate that conflicts among multiple heirs prior to succession significantly increase audit fees. Mechanism tests reveal that this effect operates through three primary channels: exacerbating operational risks, elevating auditors perceived risks, and increasing audit resources allocation. Heterogeneity analysis indicates that the positive effect of multiple heirs on audit fees is more pronounced when family firms exhibit higher business complexity, operate in regions with stronger legal frameworks, or are deeply influenced by Confucian culture. Further analysis shows that while the presence of multiple heirs raises audit fees, it concurrently reduces audit quality. This suggests that the fee increase stems primarily from risk premiums and audit efforts rather than enhanced audit service quality. Postsuccession, however, conflicts among heirs diminish, supervisory synergy strengthens, and the original multiheir structure exerts a suppressive effect on audit fees.

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李世刚,周庆.家族企业代际传承前多个继承人与审计费用[J].审计与经济研究,2026,41(3):67-76

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  • 在线发布日期: 2026-06-11
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