Does ESG rating disagreement affect audit opinions?

被引：0
|
作者：
Zhang, Cheng [1 ]
Zha, Qianyao [1 ]
Sun, Xun [1 ]
Chen, Liping [2 ]
机构：
[1] Hubei Univ Econ, Sch Accounting, Wuhan 430205, Peoples R China
[2] Hubei Univ Educ, Sch Econ & Management, Wuhan 430074, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 96卷
关键词：
ESG rating disagreement; Audit opinion; Operational risk; Risk of material misstatement; PERFORMANCE; MANAGEMENT; INVESTORS; UNCERTAINTY; INFORMATION;
D O I：
10.1016/j.iref.2024.103659
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impact of ESG rating disagreement on audit opinions. We find that ESG rating disagreement significantly increases the probability of auditors issuing modified audit opinions, operational risk and risk of material misstatement play intermediary roles between ESG rating disagreement and audit opinions. Heterogeneity analysis shows that the effect of ESG rating disagreement on audit opinions is more significant among companies with lower institutional investors shareholding ratios, weaker internal control, and private nature. Our research expands the study of economic consequences of ESG rating disagreement and provides policy inspiration for regulators to standardize ESG rating.
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页数：12
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