与客户共享审计师能够提升企业的存货管理效率吗

当代财经 ›› 2021, Vol. 0 ›› Issue (8): 126-136.

与客户共享审计师能够提升企业的存货管理效率吗

郑倩雯, 朱磊

西南财经大学会计学院,四川成都 611130

收稿日期:2021-01-21 修回日期:2021-05-31 出版日期:2021-08-15 发布日期:2021-09-02
通讯作者: 朱磊,西南财经大学博士研究生,主要从事审计理论研究,联系方式zhulei_swufe@163.com。
作者简介:郑倩雯,西南财经大学博士研究生,主要从事审计理论研究。
基金资助:
国家社会科学基金重大项目“中国特色社会主义国家审计理论研究” （13&ZD146）; 2019 年度四川省社会科学规划重点研究基地重大项目“审计服务重大风险防控的理论逻辑与关键问题研究” （SC19EZD027）; 教育部人文社会科学青年基金项目“国家审计、党组织建设与国有企业防范违规行为研究” （19XJC790006）

Can Shared Auditors with Clients Improve Corporate Eficiency of Inventory Management

ZHENG Qian-wen, ZHU Lei

Southwestern University of Finance and Economics, Chengdu 611130, China

Received:2021-01-21 Revised:2021-05-31 Online:2021-08-15 Published:2021-09-02

摘要/Abstract

摘要： 缓解与供应链上客户企业之间的信息不对称以提高合作效率是供应链治理的关键。那么,与供应链上的客户共享审计师对供应链治理是否有积极作用?为此,以2009—2018 年中国A股上市公司为研究样本,考察了与客户共享审计师对企业存货管理效率的影响。研究发现：与客户共享审计师的企业其存货周转率更高。进一步研究发现：在需求不确定性高、企业与客户信息不对称程度高和企业议价能力弱的情况下,与客户共享审计师对企业存货管理效率的提升作用更显著,与客户共享审计师时企业绩效更好。

关键词: 共享审计师, 存货管理效率, 信息不对称, 供应链

Abstract: To alleviate information asymmetry with the clients in the supply chain so as to improve cooperation efficiency is the key to supply chain governance. Then, will shared auditors with the clients in the supply chain play an active role in the supply chain governance? For this reason, this paper takes China's A-share listed companies from 2009 to 2018 as research samples to investigate the impact of shared auditors with clients in supply chain on the corporate efficiency of inventory management. The results show that firms sharing auditors with customers have higher inventory turnover ratios. It is found in further study that in such situations as higher uncertainty of demand, higher degree of information asymmetry between firms and clients, and firms having weaker ability to bargain, to share auditors with clients will have more significant improving effect on corporate efficiency of inventory management, and the business performance will be better.

Key words: shared auditors, inventory management efficiency, information asymmetry, supply chain

中图分类号:

F239.42

郑倩雯, 朱磊. 与客户共享审计师能够提升企业的存货管理效率吗[J]. 当代财经, 2021, 0(8): 126-136.

ZHENG Qian-wen, ZHU Lei. Can Shared Auditors with Clients Improve Corporate Eficiency of Inventory Management[J]. Contemporary Finance & Economics, 2021, 0(8): 126-136.

参考文献

[1] Feng M., Li C., Mcvay S.E., Skaife H. Does Ineffective Internal Control over Financial Reporting Affect a Firm's Operations? Evidence from Firms'Inventory Management[J]. The Accounting Review, 2015, 90(2): 529-557.
[2] Lee H.L., Padmanabhan V., Whang S. Information Distortion in a Supply Chain: The Bullwhip Effect[J]. Management Science, 1997, 43(4): 546-558.
[3] Ak B.K., Patatoukas P. N. Customer-Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing Sector[J]. Production and Operations Management, 2016, 25(2): 258-272.
[4] Dhaliwal D.S., Lamoreaux P. T., Litov L. P., Neyland J. B. Shared Auditors in Mergers and Acquisitions[J]. Journal of Accounting and Economics, 2016, 61(1): 49-76.
[5] Johnstone K.M., Li C., Luo S. Client-Auditor Supply Chain Relationships, Audit Quality, and Audit Pricing[J]. Auditing: A Journal of Practice and Theory, 2014, 33(4): 119-166.
[6] 杨清香, 姚静怡, 张晋. 与客户共享审计师能降低公司的财务重述吗?———来自中国上市公司的经验证据[J]. 会计研究, 2015, (6): 72-79.
[7] Capkun V., Hameri A.P., Weiss L. A. On the Relationship between Inventory and Financial Performance in Manufacturing Companies[J]. International Journal of Operations and Production Management, 2009, 29(8): 789-806.
[8] Casalin F., Pang G., Maioli S., Cao T.Inventories and the Concentration of Suppliers and Customers: Evidence from the Chinese Manufacturing Sector[J]. International Journal of Production Economics, 2017, 193(1): 148-159.
[9] Chen F. Echelon Reorder Points, Installation Reorder Points,the Value of Centralized Demand Information[J]. Management Science, 1998, 44(12): 221-234.
[10] Cai C., Zheng Q., Zhu L.The Effect of Shared Auditors in the Supply Chain on Cost Stickiness[J]. China Journal of Accounting Research, 2019, 12(4): 337-355.
[11] Bougheas S., Mateut S., Mizen P.Corporate Trade Credit and Inventories: New Evidence of a Trade-off from Accounts Payable and Receivable[J]. Journal of Banking and Finance, 2009, 33(2): 300-307.
[12] Fisher M.L., Ittner C. D. The Impact of Product Variety on Automobile Assembly Operations: Empirical Evidence and Simulation Analysis[J]. Management Science, 1999, 45(6): 771-786.
[13] Roumiantsev S., Netessine S.What Can Be Learned from Classical Inventory Models: A Cross-Industry Empirical Investigation[J]. Manufacturing and Service Operations Management, 2007, 9(4): 409-429.
[14] Demeter K., Golini R.Inventory Configurations and Drivers: An International Study of Assembling Industries[J]. International Journal of Production Economics, 2014, 157(1): 62-73.
[15] Chen H., Frank M.Z., Wu O. Q. What Actually Happened to the Inventories of American Companies between 1981 and 2000?[J]. Management Science, 2005, 51(7): 1015-1031.
[16] Milgrom P., Roberts J.Communication and Inventory as Substitutes in Organizing Production[J]. The Scandinavian Journal of Economics, 1988, 90(3): 275-289.
[17] 李维安, 李勇建, 石丹. 供应链治理理论研究:概念,内涵与规范性分析框架[J]. 南开管理评论, 2016, (1): 4-15.
[18] Wellman B.Structural Analysis: From Method and Metaphor to Theory and Substance[M]// Wellman B., Berkowitzs D. Social Strueture: A Neturk Approach. Cambridge: Cambridge University Press, 1988: 9-61.
[19] Greif A.Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders[J]. The Journal of Econom-ic History, 1989, 49(4): 857-882.
[20] 乔琳, 朱炜, 綦好东. QFⅡ网络关系与公司价值———基于中国A股上市公司的实证分析[J]. 当代财经, 2019, (8): 130-142.
[21] 魏明海, 程敏英, 郑国坚. 从股权结构到股东关系[J]. 会计研究, 2011, (1): 60-67.
[22] Park S.H., Luo Y. Guanxi and Organizational Dynamics: Organizational Networking in Chinese Firms[J]. Strategic Management Journal, 2001, 22(5): 455-477.
[23] Allen F., Qian J., Qian M. Law Finance, and Economic Growth in China[J]. Journal of Financial Economics, 2005, 77(1): 57-116.
[24] Granovetter M.Economic Action and Social Structure: The Problem of Embeddedness[J]. American Journal of Sociology, 1985, 91(3): 481-510.
[25] Bae G.S., Choi S. U., Dhaliwal D. S., Lamoreaux P. T. Auditors and Client Investment Efficiency[J]. The Accounting Review, 2017, 92(2): 19-40.
[26] 贺明明, 王铁男, 肖璇. 社会资本对跨组织信息系统吸收影响机理研究[J]. 管理科学学报,2014,(5):66-83.
[27] Balakrishnan R., Linsmeier T., Venkatachalam M.The Benefits of JIT Adoption: Effects of Customer Concentration and Cost Structure[J]. The Accounting Review, 1996, 71(2): 183-205.
[28] Dhaliwal D., Judd J.S., Serfling M., Shaikh S. Customer Concentration Risk and the Cost of Equity Capital[J]. Journal of Accounting and Economics, 2016, 61(1): 23-48.
[29] 王营, 张光利. 董事网络和企业创新:引资与引智[J]. 金融研究, 2018, (6): 189-206.
[30] 罗斌, 凌鸿程, 苏婷. 环境分权与企业创新:促进抑或阻碍———基于环境信息披露质量的中介效应分析[J]. 当代财经, 2020, (4): 113-124.