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has been cited by the following article:

• TITLE: Corporate Strategy and Risk-Taking Level—Based on the Regulatory Role of Audit Quality

  AUTHORS: Qiao Cheng

  KEYWORDS: Corporate Strategy, Strategic Choice, Risk-Taking Level, Audit Quality

  JOURNAL NAME: Open Journal of Business and Management, Vol.9 No.4, July 12, 2021

  ABSTRACT: This paper uses the data of Shanghai and Shenzhen A-share listed companies in China from 2010 to 2019 as a research sample to examine the impact of corporate strategy on the level of corporate risk-taking and the moderating effect of audit quality on the relationship between the two. We demonstrate that the company’s strategic choice is positively correlated with the level of corporate risk-taking, that is, the more aggressive the company’s strategy is, the higher the level of corporate risk-taking will be; Compared with non-“Big10” audits, “Big10” audits can more effectively restrain the impact of company strategic choices on the level of corporate risk-taking. From the perspective of corporate strategy, this article expands the influencing factors of the level of corporate risk-taking and supports the importance of audit supervision in restraining risk-taking, which can provide a certain reference for the formulation of corporate strategy and external supervision and management.