The signaling effect of tone: The influence of key audit matters' tone on bank lending decisions

被引：0

作者：

Duan, Mingli ^{[1
]}

机构：

[1] Zhejiang Gongshang Univ, Sch Accounting, Hangzhou, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2025年 / 76卷

关键词：

Key audit matters; Bank lending decisions; Information risk; Credit risk; Bert language model; CONSEQUENCES; MARKETS; COST;

D O I：

10.1016/j.frl.2025.106928

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

I apply the BERT model to assess the tone of key audit matters (KAMs) disclosed by auditors of Chinese A-share companies from 2016 to 2022, and investigate the impact of tone on bank lending decisions. The findings indicate that a negative tone serves as a risk signal by helping reveal information risk and assess credit risk. Positive and negative tones exhibit asymmetric signaling effects, with expected tones exerting a stronger influence than unexpected tones. These results highlight that the audit report's tone is a more credible risk indicator than management's tone, thereby providing strong support for banks' credit decision-making process.

引用

页数：11

共 44 条

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