Analysis On The Influencing Factors Of High-tech Enterprises Select Accounting Firms

High-tech enterprises are in an extremely important strategic position in the national economy,and the emergence of the NEEQ provides a good solution to the financing of high-tech SMES.However,problems such as low listing threshold and imperfect information disclosure system make the NEEQ suffer from frequent financial scandals.In this case,high-quality external audit is particularly important for market regulation and investment decisions of potential investors,so it is necessary to study the influencing factors of the selection of high-quality accounting firms and whether high-quality external audit has a governance role.In this paper,by combing the domestic and foreign audit demand influencing factors of the literature,elaborated the audit demand related theory as the theoretical support of this paper,analyzed the NEEQ high-tech enterprise accounting firm selection research status.On this basis,12,441 samples were selected,assumptions were made based on the perspective of corporate governance and corporate characteristics,eight explanatory variables were set,and different types of accounting firms selected by the NEEQ high-tech enterprises were used as explanatory variables.Based on the binary Logistic model,the selection of accounting firms for high-tech enterprises on the NEEQ is analyzed in terms of basic level and innovation level.Then,a two-stage regression model is established to study whether quality audit has governance effect.On this basis,the corresponding policy suggestions are put forward.The results of the study,according to the results of the first big shareholder shareholding and choose high quality certified public accountants is inverted u-shaped relationship between equity balance degree,the number of independent directors,the board of directors meeting times,executive education,company size and choose high quality accounting firm,significant positive correlation between enterprise debt level high quality certified public accountants is significantly negative correlation with the choice,no significant correlation between the board scale and the choice of accounting firms.It is also found that high quality audit has governance effect and can significantly improve corporate performance.Based on the empirical results,the corresponding countermeasures and Suggestions are put forward from the aspects of perfecting the independent director system,improving the degree of ownership balance,deepening the hierarchical system,and improving the information disclosure system.The innovation of this paper lies in: first,from the perspective of corporate governance andcorporate characteristics,this paper explores the influencing factors of the selection of new and high-tech enterprise accounting firms on the NEEQ,and divides the research into innovation layer and basic layer.Secondly,it is found that high-quality audit has governance effect.Third,executive education should be included in the index system of influencing factors.On the basis of studying the influencing factors of accounting firm selection,this paper can provide guidance for the NEEQ high-tech enterprises to voluntarily choose high-quality external audit,which has certain practical significance.