讲座人：饶品贵 教授

讲座主题：Financing Capacity and the Demand of Audit Quality

摘要：We rely on variations in local real estate prices as exogenous shocks to corporate financial capacity, and investigate the causal effects of financial capacity on the demand for audit quality. Using auditor size, auditor industry specialization, auditor fees, and proxies of financial reporting quality to infer audit quality, we find robust evidence that an increase (decrease) in financial capacity significantly reduces (increases) the demand for audit quality. This relation is more pronounced when firms are more financially constrained, when external monitoring by institutional investors and financial analysts is weaker, and when the news about the real estate price changes are large and negative. Our study enriches the related literature and describes a more complete and dynamic relationship between audit quality and financial capacity.

讲座时间：2017年6月26日，周一，上午9:30开始

讲座地点：学术会堂604

讲座人简介：饶品贵，暨南大学管理学院教授、博士生导师，于北京大学光华管理学院取得会计学博士学位。研究领域包括：宏观经济与微观主体行为的互动关系、财务会计信息与资本市场、行为金融学、投资银行在资本市场上的作用机制等。相关成果发表于《经济研究》、《管理世界》、《金融研究》、《会计研究》、Review of Accounting Studies、Journal of Corporate Finance、Journal of Banking and Finance、Journal of Business Finance and Accounting等国内外著名期刊。主持两项国家自然科学基金面上项目和教育部人文社会科学研究项目等。