证券市场导报Issue(4)：34-44,11.
监管执法公平促进企业高质量发展了吗?
摘要
Abstract
This paper takes the random inspection system of the China Securities Regulatory Commission(CSRC)as a quasi-natural experiment to investigate the influence of fairness of regulation and law enforcement on the high-quality development of enterprises and its internal mechanism.The study finds that the CSRC random inspection system significantly improves the total factor productivity of listed companies,suggesting that the fairness of regulation and law enforcement can effectively promote the high-quality development of enterprises.This conclusion remains valid after a series of robustness tests.Further testing on the fairness effect of the random inspection system shows that compared with the effect of external regulation,the promotion effect of the random inspection system on the high-quality development of enterprises is mainly due to the improvement of the"randomness"and"openness"of regulation and law enforcement.The mechanism test finds that the fairness of regulation and law enforcement promotes the high-quality development of enterprises by enhancing the quality of accounting information and exerting the deterrent effect of penalizing violations.关键词
随机抽查/监管执法/高质量发展/全要素生产率/公平性Key words
random inspection/supervision and enforcing law/high-quality development/total factor productivity/fairness分类
管理科学引用本文复制引用
马永强,陈伟忠,张正懿..监管执法公平促进企业高质量发展了吗?[J].证券市场导报,2024,(4):34-44,11.基金项目
国家自然科学基金重点国际合作研究项目"大数据背景下会计信息促进实体经济发展的关键路径与机制研究"(批准号:72010107001)、国家自然科学基金面上项目"中国特色管制会计的概念框架、核算基础与定价成本管控研究"(项目编号:72372135) （批准号:72010107001）
