上市公司财务重述影响因素的实证研究

Empirical study on listed company financial restatements impact factors

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.采用Logistics回归分析的方法,以2013~2016年6月31日在深沪两市主板A股上市公司发布的财务报告为研究样本,主要研究上市公司的影响因素.研究发现,发生财务重述较多的多是那些负债水平高、盈利能力差、股权集中度低以及董事长与总经理兼任的上市公司,且国有股持股比例与独董比例与上市公司财务重述不存在显著性关系.研究分析产生上述现象的原因,并针对研究结果,为改进我国资本市场财务重述的现状提出相关建议.

With the improvement of financial restatement,capital market is stricter to the quality of accounting information of listed companies. The influence factors of listed companies were mainly studied by adopting the method of Logistics regression analysis with 2013 and June 31,2016 in stock markets of Shanghai and Shenzhen motherboard financial statements issued A-share listed companies as research samples. It was found that more financial restatements were the high debt levels,poor profitability,lower equity concentration,and the chairman and general manager of the listed company,and the proportion of state-owned shares and the proportion of independent directs have not significant on the listed company financial restatement. Research and analysis the reasons for the above phenomenon,according to the results of the study,to improve the present situation of our capital market financial restatement related suggestions were put forward.