Research On The Impact Of Managerial Competence Of Chinese Private Listed Companies On Auditor Change

The phenomenon of auditor change in our country is becoming more and more prominent,and the motivation of the change has become the focus of attention.This article will focus on the relationship between changes in managerial capabilities and changes in auditors.Highly capable managers can alleviate the problem of information asymmetry between principals and agents,reduce audit quality requirements,and trigger auditor downgrade changes.This paper selects 2011-2019A-share private listed companies as the research object.Based on the high-level echelon theory,principal-agent theory and risk premium theory,the DEA-Tobit model is established,and Logit,Ordinal Logit and multiple linear regression models are constructed.The research found that:(1)The change of manager's ability is positively correlated with the change of auditor;(2)The improvement of manager's ability is significantly positively correlated with the change of auditor's demotion;(3)The improvement of manager's ability will lead to a decrease in audit fees,to ensure the research conclusion The rationality of the test was also tested for robustness.The research in this paper not only enriches the relevant research on the influence factors and economic consequences of auditor change by managerial ability,but also provides important reference for the explanation of the reason of auditor change phenomenon,the improvement of corporate governance and supervision mechanism,and the reduction of corporate costs.