| Since the 18 th CPC national congress,the CPC central committee has stressed the importance of fighting corruption and building a clean economy at many meetings.Under the great attention of the party central committee,people from all walks of life pay more and more attention to corruption.With the exposure of executive corruption in the oil,power,coal,communications and other industries,scholars' research on corruption has gradually extended from the initial corruption in the political bureaucracy to the corruption in the economic field.Executive corruption not only endangers and undermines the effectiveness and authority of the law,but also undermines a country's political and economic stability.Therefore,there are more and more researches on executive corruption in academic circles.Scholars mainly analyze the reasons of executive corruption from the perspectives of political system,legal environment,corporate governance and personal characteristics of senior executives,and then summarize the economic consequences of executive corruption and propose relevant measures to deal with it.However,previous studies on executive corruption mainly focus on internal control,salary incentive,laws and regulations,and rarely study executive corruption from the perspective of external supervision and restriction such as CPA audit.At the same time,corruption is a form of power rent-seeking.In all the corruption cases over the years,no matter the corruption of public official or the corruption of company executives,the corruption of "top leaders" is prominent.Therefore,it is of great significance to study the impact of audit quality and managerial power on executive corruption from the perspective of CPA audit.Based on the above background,this paper adopts literature research method,theoretical analysis method and empirical analysis method to study the impact of audit quality and managerial power on executive corruption.In the literature analysis,this paper sorted out the references related to audit quality,managerial power and executive corruption,and summarized the research directions,methods and results of previous scholars.On this basis,this paper combined with the actual situation of our country looking for the breakthrough.In the theoretical analysis,the author firstly summarizes the theoretical basis related to the research in this paper,including information asymmetry theory,managerial power theory and principal-agent theory.Based on the above theories,this paper analyzes the relationship between audit quality,managerial power and executive corruption.Based on the above analysis,this paper proposes research hypotheses on the relationship between audit quality,managerial power and executive corruption.In the empirical analysis,this paper takes the a-share listed companies in Shanghai and shenzhen from 2015 to 2017 as the research samples,and constructs A regression analysis model including audit quality,managerial power,executive corruption and other control variables.On this basis,this paper examines the relationship between audit quality,managerial power and executive corruption.In order to ensure the reliability of the research conclusion,the robustness test is carried out from two aspects.The empirical research conclusions of this paper are as follows:(1)the relationship between management power and explicit executive corruption is not significant,but there is a significant positive correlation between management power and implicit executive corruption.(2)The relationship between audit quality and explicit executive corruption is not significant,and audit quality has a significant negative correlation with recessive executive corruption.Further study found that the higher the audit quality of the previous period,the lower the degree of hidden executive corruption in the current period.(3)high-quality CPA audit has an inhibitory effect on the hidden executive corruption induced by the power of the management.Based on the research results,this paper puts forward relevant policy Suggestions from the perspectives of improving audit quality,discussing the establishment of new audit mode,perfecting professional managers' reputation mechanism and establishing anti-corruption permanent mechanism.Finally,this paper points out the future research direction according to the deficiencies of the research,and provides new ideas for the research on problems related to executive corruption. |
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