题　目：Audit quality and corporate innovation outcomes

嘉　宾：HUANG, Yuan（黄媛），副教授，香港理工大学（Hong Kong Polytechnic University）

主持人：李烁，助理教授，上海交通大学安泰经济与管理学院

时　间：2026年5月13日（周三）14:00-15:30

地　点：上海交通大学 徐汇校区安泰楼A407室

内容简介:

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.

演讲人简介：

Prof. HUANG Yuan  is an Associate Professor of Accounting at the Hong Kong Polytechnic University. She obtained her Ph.D. in Accounting from Hong Kong University of Science and Technology and Master and Bachelor degrees from Wuhan University. Her research interests include capital market effect of financial reporting and corporate finance. Her research has appeared in the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Accounting and Public Policy and Journal of Accounting, Auditing and Finance.

欢迎广大师生参加！