The impact of strengthening government auditing supervision on fiscal sustainability: Evidence from China's auditing vertical management reform

被引：7
|
作者：
Cao, Hongjie [1 ]
Li, Meina [1 ]
Lu, Yuqi [2 ]
Xu, Yang [3 ]
机构：
[1] Qingdao Univ, Sch Econ, Qingdao 266071, Peoples R China
[2] East China Univ Polit Sci & Law, Sch Marxism, Shanghai 201620, Peoples R China
[3] Hubei Univ Econ, Sch Finance & Publ Adm, Wuhan 430205, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2022年 / 47卷
关键词：
Government supervision; Fiscal sustainability; Audit vertical management; Deficit ratio; SOVEREIGN DEBT;
D O I：
10.1016/j.frl.2022.102825
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Government audit supervision is an important part of the national governance system, which has an important impact on government behavior. Taking the 2015 audit vertical management pilot reform implemented in China as a quasi-natural experiment, we adopt the differences-in-differences (DID) method to empirically examine the impact of the strengthening of externality and independence of government audit supervision on fiscal sustainability. The results show that the audit vertical management reform policy significantly reduces the fiscal deficit ratio and leads to the improvement of fiscal sustainability in reform pilot areas. This study not only enriches the research on the relationship between government oversight and fiscal sustainability, but also provides new evidence for the governance of decentralized developing countries.
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收藏
页数：8
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