德勤－复旦会计论坛系列270期讲座信息
时间：2026年 5月12日（周二）下午13:30
地点：史带楼602教室
主持人: 刘烨 青年副研究员
报告人: Yuan Huang（Hong Kong Polytechnic University）
题 目: Audit Quality and Corporate Innovation: Evidence from Public Audit Oversight Programs
摘 要: Using a difference-in-differences methodology, we document a positive relationship between the establishment of public audit oversight boards (POBs) and corporate innovation outcomes, measured by patent counts and patent citations, in the international setting. The positive association between POB establishment and innovation outcomes is more pronounced in firms whose auditors have more technology expertise and in countries with weaker institutional quality. Channel analysis reveals that POB establishment is associated with an increase in external financing, improvements in innovation efficiency, and a reduction in CEOs’ pay-for-performance sensitivity. Additional analyses suggest that the increase in innovation outcomes in the post-POBs period is clustered in firms with an improvement in audit quality around the POB establishment. Lastly, we find that the patents of affected firms involve more new knowledge, are cited by a larger number of other firms, and contribute more positively to firm value. Leveraging the POB establishment in a comprehensive sample of international firms, we show that audit quality has a positive effect on corporate innovation.
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