东财·会计与财务论坛：邱野陶陶 -- 活动 -- 东北财经大学

【报告摘要】

This study examines how Critical Audit Matter (CAM) disclosures affect the investment efficiency of firms connected through board interlock networks. Although CAM disclosures are intended to enhance audit transparency and inform directors about risk, we find that unexpected numbers of CAM disclosures by peer firms are associated with underinvestment in focal firms. This pattern appears to reflect a shift in directors’ attention toward monitoring activities, which can crowd out their advisory role in capital allocation decisions. The spillover effects are stronger for non-routine CAMs, CAMs with more risk-signaling language, and disclosures by industry leaders or firms with high analyst coverage. Moreover, the effects are amplified in firms with greater advising needs and more independent boards, and attenuated in firms with CEO-chairman duality. Overall, our findings highlight that while expanded audit reporting enhances risk awareness, it can also reshape board behavior in interconnected firms, with important implications for investment decisions and the governance consequences of audit transparency.

【报告人简介】

邱野陶陶，加拿大曼尼托巴大学助理教授，研究方向主要为公司治理、可持续发展、企业间关系与公司披露等领域，尤其关注治理网络和利益相关者关系如何影响企业战略决策与资本市场行为，研究成果发表于Journal of Banking & Finance、European Financial Management、Environmental and Resource Economics 等期刊。目前，邱博士的研究聚焦于董事网络、供应链关系、环境战略联盟、关键审计事项披露以及企业社会责任等话题，并参与加拿大SSHRC Insight Grant资助的关键审计事项披露研究项目。

【特别提醒】

未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。

撰稿：曲琦审核：刘行单位：东北财经大学会计学院辽宁省资本市场财务与会计研究生创新与学术交流中心

学校概况

院系设置

人才培养

科学研究

合作交流

公共服务