The Impact of Departure Audits of Natural Resource Assets By Leading Cadres on The Financing of Heavily Polluting Enterprises
DOI:
https://doi.org/10.62051/2j3xmh69Keywords:
Leading cadres, natural resources, assets, departure audit; Financing constraints; Social responsibility; Quality of information disclosure.Abstract
This paper takes the implementation of the natural resource asset departure audit of leading cadres as a quasi-natural experiment and uses the differin-differences model to explore the impact of the natural resource asset departure audit of leading cadres on the financing constraints of heavily polluting enterprises and its mechanism of action. The study found that the implementation of the natural resource asset departure audit for leading cadres significantly alleviated the financing constraints of heavily polluting enterprises; Mechanism analysis shows that the natural resource asset departure audit for leading cadres alleviates the financing constraints of heavily polluting enterprises by promoting corporate social responsibility fulfillment and improving the quality of information disclosure of heavily polluting enterprises.
Downloads
References
[1] CAI Ailan, Gao Xianliang. Analysis of the Style of Audit Opinions on Natural Resources Assets of Leading Cadres upon departure (in office) [J]. Audit Observation,2022, (06):28-35.
[2] Ma Wenli. Research on the Audit of Natural Resources Assets of Departing Leading cadres [J]. Hebei Enterprise,2022, (02):90-2.
[3] He Jiabing, Wang Kangli, Wang Xiuqiang,etal. The development process and Practice Deepening of resource and environmental audit in China [J]. Modern Business and Trade Industry,2023,44(22):120-2.
[4] Chen Ting, Zhang Hongwei. Review and Prospect of resource and Environmental Audit in the New Era [J]. Audit Research,2022, (06):26-30.
[5] Huang Rongbing, Xie Xiaojun. Audit of natural Resource Assets of leading Cadres upon departure and Environmental Investment of enterprises [J]. Business Economics and Management,2022, (09):54-71.
[6] Nie Xingkai, Zhao Tianhui, Pei Xuan. Audit of natural resource Assets of leading cadres upon departure and Enterprise Transformation and upgrading [J]. Audit Research,2021, (06):35-45.
[7] Jiang Qiuju, Sun Fangcheng. Does departure Audit of Natural Resource Assets of Leading Cadres Affect Corporate Tax Avoidance: A quasi-natural Experimental Study Based on the Perspective of the Transformation of Government Officials' Promotion Mechanism [J]. Audit Research,2019, (03):35-43.
[8] Xiong Nianchun, Gao Weiran, Zhai Huayun. Audit of Natural Resource Assets of Leading Cadres upon Departure and Audit Fees: Based on the Mediating effect of Audit Input [J]. Accounting and Finance Communications,2023, (11):44-50.
[9] Jia Qiaoyu, Liu Chenyan. Research on the Impact of Departure Audits of Natural Resource Assets of Leading Cadres on Corporate Earnings Management [J]. Journal of Nanjing Audit University,2023,20(01):39-48.
[10] Wang Yaodong, Xu Subo. Audit of Natural Resource Assets of Leading Cadres upon Departure and Corporate Innovation: A quasi-natural Experimental Study Based on Heavily Polluted Listed Companies [J]. Friends of Accounting,2023, (04):15-24.
[11] Huang Rongbing, Xie Xiaojun. Can departure audits of natural resource assets of leading cadres enhance the government's environmental governance enforcement? [J]. Audit & Economic Research,2022,37(04):9-20.
[12] He Baocheng, Wu Yutong, Ren Jia. How does departure audit of natural resource assets affect the Quality of corporate environmental information disclosure [J]. Accounting Monthly,2022, (05):69-78.
[13] Dai Wen, Dong Yinan. Environmental Information Disclosure Quality, Audit supervision and Debt financing costs: Empirical Data from Listed Companies in Heavily Polluting Industries in Shanghai and Shenzhen [J]. Journal of Finance and Accounting,2017, (04):13-6.
[14] Zhao Li, He Pengfei. Environmental Information Disclosure, Government Regulation and Debt Financing Costs: An Empirical Study Based on Heavily Polluting Enterprises in Shanghai and Shenzhen A-shares [J]. Wuhan Finance,2021, (07):44-52.
[15] Zhong Tingyong, Xu Chaoya, Sun Fangcheng. Audit of natural resource Assets of leading cadres upon departure and Fulfillment of Corporate Social responsibility [J]. Journal of Finance and Economics,2022, (12):92-103.
[16] Zhao Liangyu, Ruan Xinyi, Liu Fenfen. The Impact of Social Responsibility Information Disclosure on Corporate Financing Costs: Empirical Evidence Based on Listed Companies in China [J]. Journal of Guizhou University of Finance and Economics,2017, (06):40-52.
[17] Gu Leilei, Guo Jianluan, Wang Hongyu. Corporate social responsibility, financing constraints and corporate financialization [J]. Journal of Financial Research,2020, (02):109-27.
[18] Liu Bai, Lu Jiarui. "Going with the flow" or "taking shortcuts”: A Study on the Contagion Mechanism of Corporate social responsibility [J]. Nankai Business Review,2018,21(04):182-94.
[19] Xu Shoufu, Xu Longbing. Quality of information disclosure and Valuation Bias in Capital markets [J]. Accounting Research,2015, (01):40-7+96.
[20] Chen Yunsen, Deng Yilu, Li Zhe. A Study on the Effectiveness of Front-line Supervision in stock Exchanges: Evidence Based on Financial Reporting Inquiry Letters [J]. Management World,2019,35(03):169-85+208.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Transactions on Economics, Business and Management Research
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
