| 摘要: |
| 摘要：股价崩盘对个股及股市均具有极大的负面影响，并受到学者及资本市场的高度关注。本文采用2012－2021年中国A股上市公司数据，通过固定效应面板模型实证分析了内部控制与外部审计对股价崩盘风险的影响。结果显示：内部控制与外部审计质量的提升，均能抑制企业股价崩盘风险；外部审计与企业内部控制在对企业股价崩盘风险的抑制上具有互补作用，高质量外部审计能够强化内部控制对企业股价崩盘风险的抑制作用。本文研究有助于企业及会计师事务所通过完善内部控制、强化外部审计以降低股价崩盘风险。 |
| 关键词: 关键词：股价崩盘风险；内部控制；外部审计 |
| DOI： |
| 分类号:F832.5 |
| 基金项目: |
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| Internal Control，External Audit and Stock Price Crash Risk |
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XIAO Qing-jing
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（School of Economics and Management，Southwest University)
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| Abstract: |
| Abstract：Stock price crash has a great negative impact on individual stocks and the stock market，and the risk of stock price crash has long been highly concerned by scholars and the capital market.This paper analyzes the influence of internal control and external audit on stock price crash risk.This paper uses the data of China’s A-share listed companies from 2012 to 2021 to establish a regression model for analysis.The results show that the improvement of internal control quality and external audit quality can restrain the stock price crash risk of enterprises.At the same time，high quality external audit can strengthen the inhibition effect of internal control on the risk of stock price collapse.This study further deepens the research on the relationship between internal control，external audit and the risk of stock price crash，which is helpful for enterprises and accounting firms to reduce the risk of stock price crash by improving internal control and strengthening external audit. |
| Key words: Key words：Stock Price Crash Risk；Internal Control；External Audit |
