2017年审计专业外文翻译—审计师专业化、会计信息质量和投资效率（节选）

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1、字数：英文 2456 单词， 14366 字符；中文 4459 汉字 出处： Elaoud A, Jarboui A. Auditor specialization, accounting information quality and investment efficiencyJ. Research in International Business and Finance,2017,42:616-629. 外文文献： Auditor specialization, accounting information quality and investment efficiency Abstra

2、ct This study is examined how the auditor specialization moderates the effect of accounting information quality on investment efficiency, i.e., whether the effect of accounting information quality on investment efficiency is increasing or decreasing with the presence of the specialist auditor. The r

3、eached result reveals that the accounting information quality appears to help decrease the overinvestment problem. Similarly, the auditor specialization has been discovered to help greatly in improving investment efficiency, while reducing the underinvestment problem. We further find that the accoun

4、ting information quality and the auditor specialization are two mechanisms with some degree of substitution in enhancing investment efficiency. The accounting information quality is positively associated with investment efficiency for firms whose auditor is an industry specialist. Keywords: Investme

5、nt efficiency; Underinvestment; Overinvestment; Auditor specialization; Accounting information quality (AIQ) 1.Introduction A large theoretical and empirical literature examines the role of the accounting information quality (Bushman et al., 2001; Bushman and Smith, 2001; Bagaeva, 2008; Chan et al.,

6、 2009; Chan and Lee, 2009; Zhiying et al., 2012; Ran et al., 2015). One line of research (Biddle and Hilary, 2006; McNichols and Stubben, 2008; Biddle et al., 2009; Chen et al., 2011) suggests that higher quality information enables managers to identify better investment opportunities. Several studies also propose that auditor specialization can be used to reduce the information asymmetry problems (Almutairi et al., 2009; DeBoskey et al., 2012; DeBoskey and Jiang, 2012; Yaghoobnezhada