文献类型：期刊文献

中文题名：独立董事主动辞职、市场认知与审计师应对策略

英文题名：Independent Directors'Voluntary Resignations,Market Perceptions and Auditors'Response Strategies

作者：谢香兵[1];郜家阳[1];陈义坤[2]

第一作者：谢香兵

机构：[1]河南财经政法大学会计学院,450046;[2]西南财经大学会计学院,611130

第一机构：河南财经政法大学会计学院

年份：2023

期号：4

起止页码：81-91

中文期刊名：审计研究

外文期刊名：Auditing Research

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;社科基金资助期刊;北大核心:【北大核心2020】；

基金：国家社会科学基金重点项目(项目批准号:19AGL011);河南省哲学社会规划办项目(项目批准号:2022BJJ007)的资助。

语种：中文

中文关键词：独立董事;主动辞职;市场反应;关键审计事项;审计费用

外文关键词：independent director's voluntary resignations;market reaction;key audit subject matter;audit fee

摘要：独立董事作为上市公司的外部监督者,主动辞职行为会引起资本市场的高度关注。本文2016-2021年发布独立董事辞职公告的A股上市公司为样本,研究康美药业案判决前后独立董事主动辞职引起的市场反应及审计师应对策略。研究发现:康美案判决后,独立董事主动辞职日前后三天引起的市场反应显著下降了3.9%;在判决公布后,具有信息优势、年轻的独立董事主动辞职引起的市场反应更为显著,高、低薪酬独立董事主动辞职引起的市场反应差异不显著。进一步地,审计师会关注独立董事辞职行为及引起的市场反应,进而增加关键审计事项披露数量。研究表明康美案判决对独立董事及资本市场产生溢出效应,为加强独立董事履职、完善独立董事制度提供直接经验证据。
As external supervisors of listed companies,the voluntary resignation of independent directors will attract the attention of the capital market.This paper focuses on independent directors'resignations from 2016 to 2021,and examines the market reactions and the changes of auditor's behavior before and after the verdict on the Kangmei Pharmaceuticals case.The results show that the degree of market reaction caused by independent directors'voluntary resignation decreased significantly by 3.9%in the three days before and after the verdict;the market reaction caused by young independent directors with information advantage is more significant,but the difference of market reaction caused by high-and low-paid independent directors is not significant.Furthermore,auditors would pay more attention to the resignation of independent directors and the market reaction,which increases the number of key audit disclosures.The study proves that the verdict of the Kangmei case has spillover effect and provides direct empirical evidence for strengthening the independent director's performance and perfecting the independent director system.