Research On The Influence Of Government Competition On Audit Efficiency Based On Spatial Econometric Model

With the depth of full audit coverage,the importance of audit efficiency is becoming increasingly prominent.In May 2018,the first meeting of the Central Audit Committee stressed:" Build an authoritative and efficient audit supervision system.Improving the efficiency of government audit is not only the realistic need to solve the contradiction between supply and demand of audit in the new period,but also the inevitable choice to give full play to the function of audit supervision in promoting the modernization of national governance system and governance ability.The existing research on the efficiency of government audit focuses on comprehensive measurement,structure analysis and internal influencing factors.Based on the spatial econometric model and using the panel data of 30 provincial(municipal)audit institutions from 2008 to 2016,this paper focuses on the impact of government competition on audit efficiency and the regulatory role of the legal environment.The main work and innovations include:(1)The internal mechanism of government competition affecting audit efficiency and spatial spillover is revealed.First,based on the first law of geography,this paper puts forward the proposition that government audit efficiency is spatially dependent;secondly,from the perspective of local government "opportunistic behavior" and audit "learning experience curve",deconstructs two mechanisms that government competition affects audit efficiency,and puts forward the hypothesis of "promotion" and "suppression" of government competition on audit efficiency.It realizes the systematic analysis of the mechanism of government competition affecting audit efficiency,and enriches and expands the theoretical perspective of the research on the influencing factors of audit efficiency.(2)From the static and dynamic dimensions,the "inhibition" of government competition on audit efficiency and efficiency spillover is verified.The Moran index test under three spatial weight matrices,0-1 adjacency,geographical distance and economic distance,all show that audit efficiency has positive spatial agglomeration and spillover,and high efficiency(low)areas are adjacent to each other and influence each other.The regression results of spatial lag model show that under three spatial weight matrices,government competition has a significant negative effect on audit synthesis efficiency and scale efficiency in static audit efficiency,and on audit total factor productivity and technological progress in dynamic audit efficiency.Under the weight matrix,the p statistics of government competition on audit comprehensive efficiency,pure technology efficiency and scale efficiency regression model are significantly negative at 5%,1%and 1%levels,respectively.The p statistics of audit total factor productivity and technology progress regression model are significantly negative at 1%level,indicating that government competition inhibits the improvement of audit efficiency and hinders the overflow of audit efficiency.Conclusion provides empirical evidence for the improvement of audit efficiency based on government competition perspective.(3)The regulatory role of legal environment in government competition affecting audit efficiency and efficiency spillover is further verified.By constructing a spatial econometric model with regulatory effect,regression found that the legal environment has a positive regulatory effect in the influence of government competition on audit efficiency and efficiency spillover,that is,the better the legal environment,the smaller the "inhibition" effect of government competition on audit efficiency and efficiency spillover.This finding provides empirical support for strengthening the legal norms of government competition and improving audit efficiency.(4)Based on the spatial perspective,the paper puts forward the path of improving audit efficiency from three dimensions:audit technology,government competition and legal environment.First of all,expand the audit technology space,strengthen the audit efficiency promotion and overflow by promoting big data audit,innovating audit organization mode,etc.Secondly,standardize local government competition,optimize public expenditure structure,perfect the performance evaluation mode of leading cadres,change competition "scale",promote audit efficiency improvement and overflow;at the same time,perfect government competition legal environment and audit system environment,stimulate audit efficiency improvement and overflow.