上市公司高管背景特征差异与财务重述关系研究

发布时间：2018-10-08 21:14

【摘要】：上市公司是资本市场上相关会计信息资源的供给者,其担负着为使用者提供高质量信息的责任。所谓财务重述即企业对先前公开的财务报告中涉及的错误或者遗漏情况做出修正,表明其先前提供的会计信息不可靠。近年来,上市公司日益普遍的财务重述行为引起了使用者对其会计信息可靠性的质疑,对进一步提升投资者对于资本市场的信心造成了不利影响。因此如何有效地抑制公司的财务重述行为,改善会计信息质量成为广泛关注的焦点。管理者的特质会影响企业的战略行为。企业进行财务重述是其在会计活动中的行为表现,其背后离不开企业管理人员的影响。目前,在我国上市公司中,CFO与董事长在一定程度上影响着公司的会计行为,同时我国会计相关的法规要求公司负责人(一般为董事长)和主管会计工作的负责人(一般为CFO)在财务报告上签字,以确保财务报告的可靠和完整。因此本文从CFO的背景特征以及董事长与CFO垂直对特征差异入手,来研究其对于财务重述行为的影响。本文回顾了国内外关于财务重述以及财务重述与管理者背景特征关系的研究成果,对高层梯队理论、相似吸引理论、社会规范理论进行了阐述。对我国上市公司财务重述的情况进行了描述和分析。手工筛选了 2013-2015年A股主板市场上出现了重述行为的公司,采用Agrawal的方法和标准进行了相应的样本配对。通过设计实证模型检验CFO背景特征、董事长与CFO垂直对特征差异是否会在企业重述行为中产生影响。本文通过实证检验得出:(1)CFO的年龄以及学历与财务重述为负相关关系,而CFO兼任董事与企业重述行为为正相关关系;性别及任期与财务重述不存在显著的相关性关系。(2)董事长与CFO的年龄垂直对差异与财务重述正相关,即董事长的年龄大于CFO可能导致财务重述行为的发生;董事长与CFO的学历垂直对差异与财务重述负相关,即董事长的学历层次高于CFO可以抑制企业的财务重述行为;然而董事长与CFO在性别及任期上的垂直对差异则不会对企业重述行为产生影响。
[Abstract]:Listed companies are the suppliers of accounting information resources in the capital market, which shoulder the responsibility of providing high quality information for users. The so-called financial restatement is that the enterprise corrects the errors or omissions involved in the previously disclosed financial report, which indicates that the accounting information provided by the enterprise is unreliable. In recent years, the increasingly common financial restatement behavior of listed companies has caused users to question the reliability of their accounting information, which has a negative impact on further enhancing investors' confidence in the capital market. Therefore, how to effectively restrain the financial restatement behavior and improve the quality of accounting information has become the focus of attention. The characteristics of managers will affect the strategic behavior of enterprises. Financial restatement is the behavior of enterprises in accounting activities, which can not be separated from the influence of managers. At present, CFO and the chairman of the board of directors influence the accounting behavior of the company to a certain extent in the listed companies in our country. At the same time, China's accounting laws and regulations require the person in charge of the company (generally the chairman) and the person in charge of the accounting work (generally CFO) to sign the financial report to ensure the reliability and integrity of the financial report. Therefore, this paper starts with the background characteristics of CFO and the difference of vertical pair characteristics between chairman and CFO to study its influence on financial restatement behavior. This paper reviews the domestic and foreign research results on financial restatement and the relationship between financial restatement and managers' background characteristics, and expounds the theory of high-level echelon, the theory of similarity attraction, and the theory of social norms. This paper describes and analyzes the financial restatement of listed companies in China. Companies with restated behavior in the main board market of A shares from 2013 to 2015 were screened by hand, and the corresponding samples were matched by Agrawal method and standard. By designing an empirical model to test the background characteristics of CFO, whether the vertical difference between chairman and CFO will affect the restatement behavior of enterprises. In this paper, we conclude that: (1) the age and educational background of CFO are negatively related to financial restatement, while the CFO co-director has a positive correlation with corporate restatement; There is no significant correlation between gender and tenure and financial restatement. (2) the age vertical pair difference between chairman and CFO is positively correlated with financial restatement, that is, the age of chairman is larger than that of CFO may lead to financial restatement behavior; The difference of academic background between chairman and CFO is negatively related to financial restatement, that is, the educational level of chairman is higher than that of CFO, which can restrain the financial restatement behavior of enterprise. However, the perpendicular differences between the chairman and CFO in gender and tenure have no effect on corporate restatement.
【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51;F272.91

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