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標題: 中國審計市場競爭性之分析
The Analysis of Audit Market Competition in China
作者: 歐思含
Ou, Szu-Han
關鍵字: 審計市場結構
Audit market structure
Market share
Audit quality
出版社: 會計學研究所
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摘要: 由於受到過去計畫經濟的影響,相反於歐美的先進國家呈現寡佔審計市場形態,中國審計市場呈現市場佔有率低,競爭性高,審計品質低落的現象。先前的研究指出造成較具競爭形態的市場結構原因之一,是資本市場缺乏具有高審計品質會計師的需求。雖然中國政府早在1990 年初期推動「脫鉤改制」政策,但在提升會計師審計品質與獨立性上仍無法達到顯著效果。2001 年起中國爆發一連串弊案,政府為更健全審計市場功能,保護股東權益,進而推動一連串制度改革。本研究以中國上市A 股公司作為研究對象,研究期間為1999 年至2011 年,採用客戶數計算Herfindahl index,作為市場競爭性的代理變數,再以Ordered Probit迴歸模型分別檢測中國法律環境、股權分置改革、外國機構持股率、特定產業之大型國有企業跟審計市場佔有率的關係,探討對審計市場競爭性之影響。 實證結果發現,改善保護投資人與加強會計師監管等法律環境、推動上市公司股權分置改革以強化公司治理機制、執行QFII 制度、建議特定產業之大型國有企業選擇大型會計師事務所進行服務等,對於提升審計市場佔有率,降低市場競爭性有達某一程度上的效果,唯獨在外國機構投資者環境制度方面仍需加強改善,以吸引外國機構投資者,開放市場,健全公司治理機制,提升會計師事務所之品質,使中國審計市場更為健全。
The audit market of China is low market share, competitive, low quality of audit phenomenon, on the contrary to oligopoly audit. Previous studies showed that one of the reasons is the lack of demand to high quality accountants. Although the Chinese government in the early 1990 asked local-government-affiliated auditors to delink from the government but still can’t improve auditors’ quality and independence. Since a series of scandals outbreak, the Government promote a series of reforms to protect shareholders'' interests. I use the number of customers to calculate the Herfindahl index, as a proxy for market competition, and use Ordered Probit regression models to detect the relationship between the audit market share and these reasons which are China’s legal environment’s reform, Full Circulation Reform, the percentage owned by QFII ,and some industries. My empirical results show that executing the legal environment promote, the split share structure reform, the QFII system, and some rules to choose a large accounting firm services for enhance the audit market share, reduce competition in the market up to a certain extent, except in terms of the QFII foreign institutional investors. In order to attract foreign institutional investors and improve corporate governance mechanisms to enhance the quality of the accounting firm audit market more robust ,environmental regimes need to be strengthened to improve.
其他識別: U0005-2007201323101000
Appears in Collections:會計學系所



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