個人會計師社會鏈結對企業風險之影響

The Impact of Auditor Social Connections on Credit Risk

翁慈青(Tzu-Ching Weng) ； 紀信義(Hsin-Yi Chi) ； 吳翎毓(Ling-Yu Wu)

《證券市場發展季刊》 34卷2期 (2022/06) Pp. 55-96

https://doi.org/10.6529/RSFM.202206_34(2).0002

摘要

本研究旨在探討個人會計師參與公會及民間組織社會網絡對受查客戶信用風險及負債資金成本的影響。實證結果發現，個人會計師參與多個社會網絡組織時，能有效降低客戶的信用風險及負債資金成本；另外，本研究進一步將個人會計師區分為主簽會計師及複簽會計師、事務所規模區分為四大及非四大之後發現，當主簽會計師或是非四大個人會計師參與愈多社會網絡組織時，愈能夠降低企業的信用風險及負債資金成本。本研究發現有助於協助企業瞭解降低信用風險所可能須採取之決策，同時亦可根據個人會計師參與會計師公會及社會網絡組織之背景，來做為委任個人會計師之參考依據；此外，亦可提供主管機關參考，鼓勵個人會計師，尤其是非四大個人會計師，應多參與社會網絡組織，以及鼓勵網絡組織加強會員之間的連結，促進會計專業知識的發展與交流。

關鍵字

會計師社會鏈結 ； 信用風險 ； 負債資金成本

並列摘要

The purpose of this study is to explore the impact of auditor social connection on credit risk and the cost of debt from 2016 to 2019 in Taiwan listed companies. The results show that individual auditors who participate in more auditor social connection organizations could effectively reduce their clients' credit risk. Additionally, this study finds that when the leader auditors or non-big 4 auditors participate in more social connection organizations, their clients will face lower credit risk and the cost of debt. We also find that auditors who participate in more professional accountant associations could lead to lower credit risk of their clients relative to those participating in other clubs. Our empirical results state that enterprises could reduce their credit risk via hiring auditors with social connections. Therefore, social connection organizations could cultivate individual auditor's professional skills and technology thereby reducing their clients' credit risk.

並列關鍵字

Auditor Social Connections ； Credit Risk ； Cost of Debt

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