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題名 社會及治理風險與審計定價之關聯性研究
A Study on the Relationship between Social and Governance Risks and Audit Pricing作者 韓松霖
Han, Sung-Lin貢獻者 戚務君
Chi, Wu-Chun
韓松霖
Han, Sung-Lin關鍵詞 審計公費
社會風險
治理風險
Audit Fees
Social Risks
Governance Risks日期 2025 上傳時間 2-Jun-2025 14:36:31 (UTC+8) 摘要 鑒於現有文獻顯示，環境因素會提高企業的審計費用。本研究探討在控制環境風險後，企業的社會與公司治理風險是否仍影響企業的審計費用。實證結果顯示，除了整體ESG風險與審計費用之間有顯著的正向關聯外，即使在控制環境風險後，企業的社會與公司治理風險仍然顯著影響審計費用。進一步將社會與公司治理風險區分為可管理風險及無法管理風險，發現影響審計公費的社會與公司治理風險，主要來自於企業無法管理風險。具體而言，本研究提供了會計師在定價審計費用時，考量客戶整體ESG風險、環境風險以及社會與治理風險的實證證據。
Existing literature indicates that environmental factors increase a company’s audit fees. This study investigates whether firms’ social and governance risks still impact their audit fees after controlling for environmental risks. The empirical results show that, in addition to a significant positive correlation between overall ESG risk and audit fees, corporate social and governance risks continue to significantly affect audit fees even after accounting for environmental risks. Furthermore, when separating social and governance risks into manageable and unmanageable risks, the findings suggest that the primary drivers of audit fees are unmanageable risks. Specifically, this study provides empirical evidence that auditors consider clients’ overall ESG risks, environmental risks, as well as social and governance risks when determining audit fees.參考文獻 Amiraslani, H., K. V. Lins, H. Servaes, and A. Tamayo. 2023. Trust, social capital, and the bond market benefits of ESG performance. Review of Accounting Studies 28(2): 421-462. Asante-Appiah, B. and T. A. Lambert. 2023. The role of the external auditor in managing environmental, social, and governance (ESG) reputation risk. Review of Accounting Studies 28(4): 2589-2641. Ashbaugh-Skaife, H., D. W. Collins, W. R. Kinney Jr, and R. LaFond. 2009. The effect of SOX internal control deficiencies on firm risk and cost of equity. Journal of Accounting research 47(1): 1-43. Association of International Certified Professional Accountants (AICPA). 2023. Consideration of ESG-related matters in an audit of financial statements. Association of International Certified Professional Accountants (AICPA). 2025. U.S. Auditing Standards-AICPA (Clarified) [AU-C](AU-C). Association of International Certified Professional Accountants (AICPA). 2023. Statement on Auditing Standards No. 145. Avramov, D., S. Cheng, A. Lioui, and A. Tarelli. 2022. Sustainable investing with ESG rating uncertainty. Journal of Financial Economics 145(2): 642-664. Badertscher, B. A., J. Kim, W. R. Kinney Jr, and E. Owens. 2023. Assurance level choice, CPA fees, and financial reporting benefits: Inferences from US private firms. Journal of Accounting and Economics 75(2-3): 101551. Bae, G. S., S. U. Choi, P. T. Lamoreaux, and J. E. Lee. 2021. Auditors’ fee premiums and low‐quality internal controls. Contemporary Accounting Research 38(1): 586-620. Bae, S. C., K. Chang, and H. C. Yi. 2018. Corporate social responsibility, credit rating, and private debt contracting: new evidence from syndicated loan market. Review of Quantitative Finance and Accounting 50: 261-299. Bell, T., R. Doogar, and I. Solomon. 2008. Audit labor usage and fees under business risk auditing. Journal of Accounting Research 46(4): 729-760. Berg, F., J. F. Koelbel, and R. Rigobon. 2022. Aggregate confusion: The divergence of ESG ratings. Review of Finance 26(6): 1315-1344. Bhuiyan, M. B. U., A. Rahman, and N. Sultana. 2020. Female tainted directors, financial reporting quality and audit fees. Journal of Contemporary Accounting and Economics 16(2): 100189. Borghesi, R., J. F. Houston, and A. Naranjo. 2014. Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. Journal of Corporate Finance 26: 164-181. Buchanan, B., C. X. Cao, and C. Chen. 2018. Corporate social responsibility, firm value, and influential institutional ownership. Journal of Corporate Finance 52: 73-95. Burke, J. J., R. Hoitash, and U. Hoitash. 2019. Auditor response to negative media coverage of client environmental, social, and governance practices. Accounting Horizons 33(3): 1-23. Calderon, T. G. and L. Gao. 2021. Cybersecurity risks disclosure and implied audit risks: Evidence from audit fees. International Journal of Auditing 25(1): 24-39. Carcello, J. V., D. R. Hermanson, T. L. Neal, and R. A. Riley Jr. 2002. Board characteristics and audit fees. 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The enhancement and standardization of climate-related disclosures for investors. Yao, S., L. Pan, and Z. Zhang. 2019. Does environmental disclosure have an auditing effect? Managerial Auditing Journal 35(1): 43-66. Zerbib, O. D. 2019. The effect of pro-environmental preferences on bond prices: Evidence from green bonds. Journal of Banking and Finance 98: 39-60. 描述 博士
國立政治大學
會計學系
110353502資料來源 http://thesis.lib.nccu.edu.tw/record/#G0110353502 資料類型 thesis dc.contributor.advisor 戚務君 zh_TW dc.contributor.advisor Chi, Wu-Chun en_US dc.contributor.author (Authors) 韓松霖 zh_TW dc.contributor.author (Authors) Han, Sung-Lin en_US dc.creator (作者) 韓松霖 zh_TW dc.creator (作者) Han, Sung-Lin en_US dc.date (日期) 2025 en_US dc.date.accessioned 2-Jun-2025 14:36:31 (UTC+8) - dc.date.available 2-Jun-2025 14:36:31 (UTC+8) - dc.date.issued (上傳時間) 2-Jun-2025 14:36:31 (UTC+8) - dc.identifier (Other Identifiers) G0110353502 en_US dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/157208 - dc.description (描述) 博士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計學系 zh_TW dc.description (描述) 110353502 zh_TW dc.description.abstract (摘要) 鑒於現有文獻顯示，環境因素會提高企業的審計費用。本研究探討在控制環境風險後，企業的社會與公司治理風險是否仍影響企業的審計費用。實證結果顯示，除了整體ESG風險與審計費用之間有顯著的正向關聯外，即使在控制環境風險後，企業的社會與公司治理風險仍然顯著影響審計費用。進一步將社會與公司治理風險區分為可管理風險及無法管理風險，發現影響審計公費的社會與公司治理風險，主要來自於企業無法管理風險。具體而言，本研究提供了會計師在定價審計費用時，考量客戶整體ESG風險、環境風險以及社會與治理風險的實證證據。 zh_TW dc.description.abstract (摘要) Existing literature indicates that environmental factors increase a company’s audit fees. This study investigates whether firms’ social and governance risks still impact their audit fees after controlling for environmental risks. The empirical results show that, in addition to a significant positive correlation between overall ESG risk and audit fees, corporate social and governance risks continue to significantly affect audit fees even after accounting for environmental risks. Furthermore, when separating social and governance risks into manageable and unmanageable risks, the findings suggest that the primary drivers of audit fees are unmanageable risks. Specifically, this study provides empirical evidence that auditors consider clients’ overall ESG risks, environmental risks, as well as social and governance risks when determining audit fees. en_US dc.description.tableofcontents 摘要 I Abstract II 目錄 III 第一章 緒論 1 第二章 文獻回顧與假說發展 10 第一節 ESG風險之定義與揭露 10 第二節 ESG風險與會計準則制定單位 13 第三節 ESG績效與風險之經濟影響 21 第四節 各類風險對審計公費之影響 24 第五節 假說建立 34 第三章 研究設計 37 第一節 研究模型設計 37 第二節 ESG風險衡量 40 第三節 其他控制變數 42 第四章 實證分析 43 第一節 研究樣本 43 第二節 主實證結果 50 第三節 額外測試 53 4.3.1 各類ESG風險規一化調整 53 4.3.2 會計師事務所任期 55 4.3.3 ESG風險與審計公費之非線性討論 57 4.3.4 ESG績效與審計公費之關聯性 61 4.3.5 公司治理層面之橫斷面分析 63 4.3.6 ESG風險與非審計公費之關聯性 68 第四節 敏感性分析 70 第五章 結論及建議 72 第一節 結論及建議 72 第二節 研究限制 75 參考文獻 76 附錄一：變數定義 83 附錄二：Sustainalytics ESG risk rating資料庫簡介 86 zh_TW dc.format.extent 2126477 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0110353502 en_US dc.subject (關鍵詞) 審計公費 zh_TW dc.subject (關鍵詞) 社會風險 zh_TW dc.subject (關鍵詞) 治理風險 zh_TW dc.subject (關鍵詞) Audit Fees en_US dc.subject (關鍵詞) Social Risks en_US dc.subject (關鍵詞) Governance Risks en_US dc.title (題名) 社會及治理風險與審計定價之關聯性研究 zh_TW dc.title (題名) A Study on the Relationship between Social and Governance Risks and Audit Pricing en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) Amiraslani, H., K. V. Lins, H. Servaes, and A. Tamayo. 2023. Trust, social capital, and the bond market benefits of ESG performance. Review of Accounting Studies 28(2): 421-462. Asante-Appiah, B. and T. A. Lambert. 2023. The role of the external auditor in managing environmental, social, and governance (ESG) reputation risk. Review of Accounting Studies 28(4): 2589-2641. Ashbaugh-Skaife, H., D. W. Collins, W. R. Kinney Jr, and R. LaFond. 2009. The effect of SOX internal control deficiencies on firm risk and cost of equity. Journal of Accounting research 47(1): 1-43. Association of International Certified Professional Accountants (AICPA). 2023. Consideration of ESG-related matters in an audit of financial statements. Association of International Certified Professional Accountants (AICPA). 2025. U.S. Auditing Standards-AICPA (Clarified) [AU-C](AU-C). Association of International Certified Professional Accountants (AICPA). 2023. Statement on Auditing Standards No. 145. Avramov, D., S. Cheng, A. Lioui, and A. Tarelli. 2022. Sustainable investing with ESG rating uncertainty. Journal of Financial Economics 145(2): 642-664. Badertscher, B. A., J. Kim, W. R. Kinney Jr, and E. Owens. 2023. Assurance level choice, CPA fees, and financial reporting benefits: Inferences from US private firms. Journal of Accounting and Economics 75(2-3): 101551. Bae, G. S., S. U. Choi, P. T. Lamoreaux, and J. E. Lee. 2021. Auditors’ fee premiums and low‐quality internal controls. Contemporary Accounting Research 38(1): 586-620. Bae, S. C., K. Chang, and H. C. Yi. 2018. Corporate social responsibility, credit rating, and private debt contracting: new evidence from syndicated loan market. Review of Quantitative Finance and Accounting 50: 261-299. Bell, T., R. Doogar, and I. Solomon. 2008. Audit labor usage and fees under business risk auditing. Journal of Accounting Research 46(4): 729-760. Berg, F., J. F. Koelbel, and R. Rigobon. 2022. Aggregate confusion: The divergence of ESG ratings. 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