Does External Audit of Enterprise Have the Substantive Effect on Credit Decision?--A Comparative Study Using Data from China and Germany
Credit resources are the main source of funds for the enterprises,and accounting information plays an important role during the process of getting credits.In this paper we did an empirical study on how external audit affects credit decisions of enterprises from a comparative perspective.Using data of China and Germany.Our conclusion showed that external audit was unable to help enterprises improving their credit availability and lowering their collateral requirements in China,although banks usually proposed the requirements of external audit during credit applications.On the other hand,in Germany,external audit significantly improved credit availability and reduced the collateral requirements for enterprises.We suggested that Chinese governments should continually improve the auditing systems,establish the integrity of business,so that corporate external auditing could be more useful for credit decision-making.
external audit credit decisions credit risk
Ye Zhifeng Han Zhiyan Xiao Qingfei Li Qi
School of accounting and auditing,Guangxi university of finance and economics,Nanning,China,530003 School of management,Guangxi University of science and technology,Liuzhou,China,545006
国际会议
大连
英文
134-146
2018-07-06（万方平台首次上网日期，不代表论文的发表时间）