The Influence On Cross-listing Behavior Of Listing-corporation To Audit Quality

The institutional environment and market environment of different cross-borderregulatory issues, lead to the quality of audit of cross-listed companies by the partiesconcerned. In the previous, the studies on the quality of audit, always in the point of view ofA-share to analyze the results of the audit quality, and ignores the existence cross-listingsbehavior of listed companies, in the absence of unified audit standards, whether the differencein the audit product supplied or not, and the difference will affected the firm’s audit qualityhas not been a clear conclusion.This article is divided into six parts. The first part mainly expounds the researchbackground, theoretical and practical significance, research methods and framework. Thesecond part reviews and comments of the literatures. The third part expounds the meaning ofthe audit quality, cross-listing, double audit system, according to the auditing demandhypothesis, the Segmentation hypothesis and the Bonding hypothesis the hypotheses areprovided in the article. The fourth part based on literature and theoretical analysis, this articledefines on explain variables, explanatory variables and control variables, and then, anempirical model is established according to it. The fifth part is the analysis of empiricalresults, at this part, the research hypothesis will be tested by describe statistic, correlationanalysis and multiple regression analysis. The sixth is divided into research conclusions, thepolicy suggestions and research limitations.This paper studies have shown that cross-listed behavior can improve the audit quality ofenterprises; Dual audit system, there is no significant impact on audit quality, but thecross-listed companies has higher audit quality than that of non-cross-listed ones; the auditquality on hiring the “big four” of the cross-listed enterprises not only higher than hiringnon-big-four, but also higher than non-cross-listed enterprises. The results of the study ishelpful for us to understand thoroughly the influence factors of audit quality of cross-listedcompanies, at the same time, it is provided data support to compare with tow modes ofenterprises.