摘要

资本市场是资源配置的重要场所,健全的会计信息披露制度是资本市场有效运行的重要保障。财务报表作为上市公司对外信息披露的重要载体,是利益相关者获取上市公司财务状况、经营成果和现金流量等信息的主要途径。然而,近年来我国上市公司进行财务报表重新表述的现象大量出现,引起了国内学者的广泛关注。财务报表重述表明上市公司已经披露的财务报表存在信息遗漏或差错,对投资者起到了误导作用,不利于资源的合理配置和资本市场的有效运行。因此,从财务报表重述的角度研究我国上市公司信息披露质量具有较强的理论意义和实践价值。

首先,本文在参阅前人研究文献的基础上,对国内外关于公司治理和财务重述的相关研究文献进行回顾,分析、比较、归纳和总结了现有的研究成果,提炼出相关研究结论。其次,本文是从上市公司内部治理和外部治理的视角综合地分析我国公司治理特征和财务报表重述的现状及其产生的原因。在实证部分,本文以沪市上市公司作为研究样本,对公司治理特征与财务报表重述之间的关系进行了实证检验,具有一定的创新性。经过本文的实证研究发现流通股比例与上市公司财务重述发生之间存在显著的负相关关系股权集中度与上市公司财务重述发生呈显著的正相关关系上市公司聘请的会计师事务所的规模与其财务报表重述的发生呈显著负相关关系。最后,为完善公司治理,减少财务重述的发生提出了一些可行的对策和建议,并对今后基于利益相关者理论的公司治理研究进行了展望。

本文的研究为上市公司通过改善公司治理,预防财务报表重述的发生,提高会计信息质量提供了一些经验证据。本文采用规范研究和统计分析研究相结合的方法。在对我国上市公司财务报表重述现状进行统计分析的基础上,本文采用事件研究法分析了财务报表重述对股票价格的影响,从而为财务报表重述的预防和监管提供一定的政策建议。

关键字： 财务报表；资源配置；财务重述；

ABSTRACT

Capital market is an important place of resource allocation, and a sound accounting information disclosure system is an important guarantee for the effective operation of the capital market. As an important carrier of the listing Corporation’s information disclosure, the financial statement is the main way to obtain the information of the financial position, operating results and cash flow of the listing Corporation. However, in recent years, China’s listing Corporation to re express the phenomenon of a large number of financial statements, has aroused widespread concern in the domestic scholars. The financial statements of the financial statements of the financial statements have been disclosed in the presence of information omissions or errors, investors played a misleading role, is not conducive to the rational allocation of resources and the effective operation of the capital market. Therefore, it is of great theoretical significance and practical value to study the quality of information disclosure of listing Corporation in China from the perspective of financial statement.

First of all, this paper on referring to the foundation of the previous research literature, to the domestic and foreign about corporate governance and financial restatements relevant research literature review, analysis, comparison, induction and summary of the existing research results extract relevant conclusions. Secondly, this paper analyzes the current situation of corporate governance characteristics and the financial statements of China from the perspective of internal governance and external governance of listing Corporation. In the empirical part, in this paper, the listed companies in Shanghai Stock Exchange as the research sample, on the relationship between corporate governance characteristics and financial statement restatements were empirical test, has the certain innovation. Through the empirical study found in circulation and proportion of shares of listed companies financial restatements occur between a significant negative correlation between the equity concentration degree and financial restatement of listed company is hired by the significant positive correlation between the listed company accounting firm size and financial reports restatement is a significant negative correlation. Finally, it puts forward some feasible countermeasures and suggestions for the improvement of corporate governance and reduce the occurrence of financial repeat, and the future research of corporate governance based on stakeholder theory is prospected.

The research of this paper provides some empirical evidence for the improvement of corporate governance, the occurrence of the financial statement, and the improvement of the quality of accounting information. In this paper, we use the method of combining normative research and statistical analysis. In to our country listed company financial statement restatements for statistical analysis based on. In this paper, the event study method to analyze the effect of the financial statement restatements of stock price, so as to provide some suggestions on prevention and supervision of the financial statement restatements.

KEY WORDS：Financial statement; Resource allocation; Financial statement;