华锐风电内部治理与财务重述案例研究

发布时间：2018-03-21 13:36

本文选题：华锐风电　切入点：公司内部治理　出处：《华中科技大学》2014年硕士论文　论文类型：学位论文

【摘要】：财务报告是上市公司披露财务状况和经营成果的载体,是外部投资人进行投资的主要依据。近来年,被称为“年报补丁”的财务重述现象愈演愈烈,引起了全世界的广泛关注。所谓财务重述,就是指企业在发现并纠正前期财务报告的差错时,重新表述以前公布的财务报告。美国政府问责局(简称GAO)认为财务重述属于低质量会计信息的表现,是公司治理机制的缺陷和公司治理效率的低下的结果。因此,有必要研究内部治理对财务重述的影响机制,这样有助于提高公司财务信息的质量,从而降低上市公司的财务重述行为发生的可能性。2013年3月6日,华锐风电发布公司差错更正公告,承认公司2011年财务报表的有关账务处理存在会计差错。同年5月29日,公司因涉嫌违反证券法律法规,收到证监会《立案调查通知书》。本文选取华锐风电公司的典型案例,基于代理理论和利益相关者理论,从公司内部治理方面研究财务重述问题。通过华锐风电公司财务报告重述的案例,讨论华锐风电因为收入确认不当引发的财务重述事项,并将公司内部治理与财务报告重述有机结合起来,以此重点分析董事会特征、股权结构、高管薪酬和内部控制对华锐风电财务重述的影响,再分析财务重述产生的严重经济后果。通过对华锐风电的案例分析研究,最后发现公司内部治理缺陷会增大财务重述发生的可能性。面对日益严重的财务重述问题,一方面,政府应大力完善财务重述制度,加强对上市公司信息披露的监管;另一方面,企业应积极完善内部治理机制,提高公司治理的综合水平。只有通过外部监管环境和内部治理结构的共同完善,才能有效遏制公司高管的财务舞弊行为,促进资本市场的完善。
[Abstract]:The financial report is the carrier which the listed company discloses the financial condition and the operating result, and is the main basis for the outside investor to make the investment. In recent years, the phenomenon of financial restatement called the "annual report patch" has become more and more serious. The so-called financial restatement means that when an enterprise discovers and corrects errors in its previous financial reports, Restatement of previously published financial reports. The United States Government Accountability Office (GAO) considers the financial restatement to be a performance of low-quality accounting information, which is the result of deficiencies in corporate governance mechanisms and inefficiencies in corporate governance. It is necessary to study the influence mechanism of internal governance on financial restatement, which can help to improve the quality of financial information and reduce the possibility of financial restatement. Sinovel Wind Power issued a notice to correct the company's errors, admitting that accounting errors existed in the accounting handling of the company's financial statements on 2011. On May 29th of the same year, the company was suspected of violating securities laws and regulations, This article selects the typical case of Sinovel wind power company, based on agency theory and stakeholder theory, Through the financial restatement case of Sinovel wind power company, the financial restatement of Sinovel wind power caused by improper revenue recognition is discussed. Combining the internal governance of the company with the restatement of financial report, the paper analyzes the influence of board characteristics, equity structure, executive compensation and internal control on financial restatement of Sinovel Wind Power. Through the case study of Sinovel wind power, it is found that the internal governance defects of the company will increase the possibility of financial restatement. In the face of the increasingly serious financial restatement problem, on the one hand, The government should make great efforts to improve the financial restatement system and strengthen the supervision of information disclosure of listed companies. On the other hand, enterprises should actively improve the internal governance mechanism. Only through the improvement of external regulatory environment and internal governance structure can we effectively curb the financial fraud of company executives and promote the perfection of capital market.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.61;F406.7;F271

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