財務預警指標、規模與審計公費關係之研究－公司治理觀點

The Study of the Relation among Financial Distress Indicator, Size and Audit Fees: Corporate Governance Perspective

沈文華(Wen-Hus Shen) ； 林宇欣(Wu-Zin Lin)

《商業現代化學刊》 7卷4期 (2014/10) Pp. 337-354

https://doi.org/10.6132/JCM.2014.7.4.16

摘要

本研究探討財務預警指標(Z-Score)與審計公費之關係，並將公司治理視為調節 變數，以檢驗公司治理機制對財務預警指標與審計公費關係之影響。實證結果發現財務預警指標與審計公費呈顯著負向相關，亦即財務越健全之樣本公司其審計公費越低。其次，再加入公司治理指標後，本研究發現公司治理對財務預警指標與審計公費之間關係具有調節效果，顯示良好的公司治理會加強財務預警指標與審計公費之間的負向關係，而較差的公司治理則會削弱財務預警指標與審計公費之負向相關。在公司規模與審計公費之關係及事務所規模與審計公費之關係，良好的公司治理會削弱公司規模與審計公費之正向關係，亦會削弱事務所規模與審計公費之正向關係，因此良好的公司治理能有效的降低審計公費，而較差之公司治理則會提高審計公費之金額。

關鍵字

審計公費 ； 公司治理 ； 財務預警指標

並列摘要

The purpose of the study is to examine whether the bankruptcy possibility of a firms, using Z-sore as a proxy, is positively associated with audit fees. Besides, we use the overall corporate governance index as a moderate variable to investigate whether corporate governance mechanism plays a moderate role on the relationship between Z-core and audit fees. Empirical results show that the Z-score, a financial early warning indicator, has a negative influence on the amount of audit fees, which means that the better a firm's Z-score is, the lower audit fee it pays to auditor. Moreover, after incorporating the overall corporate governance index as a moderate variable, the result indicates that corporate governance indeed has a moderate effect on the relationship between Z-core and audit fees, the relationship between firm size and audit fees and the relationship between auditor size and audit fees.

並列關鍵字

Audit Fees ； Corporate Governance ； Financial Distress