Do Accounting and Audit Quality Affect World Bank Lending?
研究了会计和审计质量如何影响世界银行发展援助贷款的分配，发现会计质量高、强制采用IFRS和审计环境强的国家获得更多贷款，但美国地缘政治利益会削弱这一关系，且会计和审计仅在腐败程度较高的国家中起作用。
ABSTRACT We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can provide the World Bank with confidence that aid is being used as intended rather than being diverted for personal or political gain. We find that development aid loans are higher for countries with stronger accounting quality, where IFRS use is mandated, and where the audit environment is stronger. However, we also find that United States geo-political interests influence these results. Specifically, the World Bank appears to “overlook” accounting and audit quality in countries where geo-political interests are relatively aligned with those of the U.S. Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank has greater trust that accounting and auditing are of relatively high quality in low-corruption countries. Data Availability: All data are publicly available.