上市公司财务重述影响因素的实证研究

发布时间：2018-02-26 18:18

  本文关键词： 上市公司 财务重述 影响因素　出处：《东北石油大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着财务重述制度的日益完善,资本市场对上市公司会计信息质量的要求越来越严格。上市公司对外公布的财务报告,是外部投资者和公司股东了解公司财务状况、经营成果和现金流量情况的重要方式。财务重述是上市公司对历史报告中存在的差错进行补充更正的行为,财务重述发生的前提条件是前期报告中存在错误。财务重述不仅造成了投资者的损失,更加引起了广大学者的关注。上市公司财务重述的内容涉及范围广泛,同时缺乏具体的规章制度进行约束。在这种背景下,通过对上市公司影响因素的研究,能够充分了解不同因素对上市公司财务重述行为的影响程度,提出规范财务重述行为的相关法律法规,有效改善上市公司财务重述的现象,进而提高会计信息的质量,保障利益相关者的权益。在借鉴国内外相关研究文献的基础之上,采用Logistics回归分析的方法,以2013年至2016年深沪两市主板A股上市公司发布的财务报告为研究样本,手工搜集整理财务重述样本,利用Excel、SPSS19.0等相关软件进行实证分析。通过描述性统计、相关性分析、Logistics回归分析的方式,从上市公司财务特征、股权特征、董事会特征以及审计特征四个角度出发,研究影响上市公司财务重述行为的主要因素。研究发现,发生财务重述行为的多是那些负债水平高、盈利能力差、董事会规模较大、以及董事长与总经理兼任的上市公司,股权集中度高且实施薪酬激励的上市公司发生财务重述的概率较低,财务报告的审计质量与审计费用对财务重述行为具有抑制作用。研究分析产生上述现象的原因,并针对研究结果,从政府和上市公司两个角度,提出改进我国资本市场财务重述现状,提高会计信息质量,保障利益相关者利益的相关建议,例如:完善财务重述制度、减少上市公司盈余管理动机、优化上市公司股权结构、完善董事会结构以及加强外部审计的监督职能。
[Abstract]:With the improvement of the financial restatement system, the capital market demands the accounting information quality of the listed companies more and more strictly. The financial reports released by the listed companies are the external investors and shareholders who know the financial situation of the companies. Financial restatement is the behavior of a listed company that supplements and corrects errors in its historical reports, The precondition for the occurrence of financial restatement is that there are errors in the previous report. The financial restatement not only causes the loss of investors, but also attracts the attention of the majority of scholars. The contents of financial restatement of listed companies cover a wide range. Under this background, through the research on the influencing factors of listed companies, we can fully understand the influence of different factors on the financial restatement behavior of listed companies. In order to improve the phenomenon of financial restatement of listed companies effectively, to improve the quality of accounting information and to protect the rights and interests of stakeholders, this paper puts forward the relevant laws and regulations to standardize the behavior of financial restatement. Using the method of Logistics regression analysis, taking the financial reports issued by A-share listed companies on the main board of Shenzhen and Shanghai Stock Exchange from 2013 to 2016 as the research samples, collecting and arranging the financial restatement samples manually. Through descriptive statistics, correlation analysis and logistics regression analysis, this paper analyzes the financial characteristics, equity characteristics, board characteristics and audit characteristics of listed companies from four angles: financial characteristics, equity characteristics, board characteristics and audit features. The main factors that influence the financial restatement behavior of listed companies are studied. It is found that most of the financial restatement behaviors occur in listed companies with high debt level, poor profitability, large board size, and both chairman and general manager. The probability of financial restatement in listed companies with high equity concentration and salary incentive is low, and the audit quality and audit cost of financial report can restrain the behavior of financial restatement. According to the research results, this paper puts forward some suggestions to improve the current situation of financial restatement in capital market, improve the quality of accounting information, and protect the interests of stakeholders, such as perfecting the financial restatement system from the two angles of government and listed company. Reduce the motivation of earnings management of listed companies, optimize the ownership structure of listed companies, improve the structure of the board of directors and strengthen the supervisory function of external audit.
【学位授予单位】：东北石油大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51
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本文编号：1539102