本文關鍵詞： 財務重述 領導權結構 股權結構 股權集中度　出處：《重慶理工大學》2014年碩士論文　論文類型：學位論文

【摘要】：財務信息是資本市場運行的基礎，也是投資者進行投資決策的依據(jù)，其質(zhì)量的高低不但影響著我國資本市場的健康發(fā)展，而且直接關系著投資者的利益。當前我國正處于調(diào)整經(jīng)濟結構，促進經(jīng)濟轉型發(fā)展的關鍵時刻，需要資本市場提供強有力的投融資支持。雖然資本市場發(fā)展的速度較快，但呈高發(fā)趨勢的財務報表重述行為是對其發(fā)展的一種隱患。因此，本文從微觀視角，選取了股權結構、領導權結構兩個因素來研究與財務重述的關系。 本文運用理論分析和實證檢驗相結合的方法對上市公司財務重述進行研究。本文的第一部分主要介紹了研究背景意義、概念界定與研究方法；第二部分分別從財務重述的經(jīng)濟后果、財務重述的影響因素、股權結構與財務重述、領導權結構與財務重述四個視角進行了文獻回顧；第三部分介紹了本文的理論基礎：委托代理理論、現(xiàn)代管家理論和信息不對稱理論；第四部分是實證分析，該部分以2010—2012年滬深兩市A股上市公司作為研究樣本，三年間共384家上市公司發(fā)生了401次財務重述。通過實證研究發(fā)現(xiàn)：股權集中度與財務重述的概率負相關；國有股比重與財務重述的概率正相關；法人股比例與財務重述的概率負相關；機構投資者持股比重與財務重述的概率負相關；管理層持股比重與財務重述之間存在著U型關系；兩職合一的公司發(fā)生財務重述的概率小于兩職分離的公司發(fā)生財務重述的概率；控制變量盈利能力與財務重述的關系不顯著；資產(chǎn)負債率與財務重述正相關；公司規(guī)模越大，，發(fā)生財務重述的概率越小。第五部分是根據(jù)實證分析的結果，提出了相關的政策建議。 本文從財務重述的視角，研究我國上市公司股權結構、領導權結構對財務重述的影響，一方面為通過改進股權結構、優(yōu)化領導權結構以降低財務重述發(fā)生率，具有重大現(xiàn)實意義；另一方面為監(jiān)管部門和投資者的決策提供參考。
[Abstract]:Financial information is not only the basis of capital market operation, but also the basis for investors to make investment decisions. The quality of financial information not only affects the healthy development of capital market in China. And it is directly related to the interests of investors. At present, our country is in the critical moment of adjusting the economic structure and promoting the economic transformation and development. Capital market needs to provide strong investment and financing support. Although the capital market is developing rapidly, the restatement behavior of financial statements with a high trend is a hidden danger to its development. Therefore, this paper from a micro perspective. Two factors, ownership structure and leadership structure, are selected to study the relationship between ownership structure and financial restatement. The first part of this paper mainly introduces the significance of the research background, the definition of the concept and the research methods. The second part reviews the economic consequences of financial restatement, the influencing factors of financial restatement, ownership structure and financial restatement, leadership structure and financial restatement. The third part introduces the theoretical basis of this paper: principal-agent theory, modern housekeeper theory and information asymmetry theory; The 4th part is an empirical analysis, which takes Shanghai and Shenzhen A-share listed companies as the research samples from 2010 to 2012. A total of 384 listed companies have had 401 financial restatements in the past three years. Through empirical research, it is found that the degree of ownership concentration is negatively correlated with the probability of financial restatement; The proportion of state-owned shares is positively related to the probability of financial restatement; The proportion of corporate shares is negatively correlated with the probability of financial restatement; The proportion of institutional investors holding shares is negatively correlated with the probability of financial restatement; There is a U-type relationship between the proportion of managerial shareholding and financial restatement; The probability of financial restatement is less than that of separated company. The relationship between control variable profitability and financial restatement is not significant; The ratio of assets and liabilities is positively related to financial restatement; The larger the company is, the smaller the probability of financial restatement is. 5th part is based on the results of empirical analysis, and puts forward the relevant policy recommendations. From the perspective of financial restatement, this paper studies the influence of ownership structure and leadership structure on financial restatement of listed companies in China. On the one hand, it aims at reducing the incidence of financial restatement by improving the ownership structure and optimizing the leadership structure. It is of great practical significance; On the other hand, it provides a reference for regulators and investors to make decisions.
【學位授予單位】：重慶理工大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.51;F275;F272.91

【參考文獻】

相關期刊論文 前10條

1 王澤霞;李明明;謝冰;;財務報表重述公告與公司治理有效性研究[J];財會月刊;2009年24期

2 周好文;李紀建;劉婷婷;;股權結構、董事會治理與上市公司高管違規(guī)行為——我國上市公司高管人員“落馬”現(xiàn)象的實證分析[J];當代經(jīng)濟科學;2006年06期

3 陳凌云;資本市場信息披露質(zhì)量研究——來自年報補充及更正公告的初步證據(jù)[J];福建論壇(人文社會科學版);2005年09期

4 苗淑娟;杜金秋;魏仲航;;股權分置改革背景下的上市公司股權結構與績效關系的再研究[J];工業(yè)技術經(jīng)濟;2008年11期

5 孟南;蘇寧;;財務重述影響因素的中外研究比較[J];財會月刊;2012年21期

6 曹強;;中國上市公司財務重述原因分析[J];經(jīng)濟管理;2010年10期

7 謝軍;;股權結構的激勵效應:基于公司價值的實證分析[J];經(jīng)濟評論;2007年03期

8 尤麗芳;;我國上市公司財務重述的動因研究[J];商業(yè)經(jīng)濟;2009年02期

9 陳曉,江東;股權多元化、公司業(yè)績與行業(yè)競爭性[J];經(jīng)濟研究;2000年08期

10 于鵬;;股權結構與財務重述:來自上市公司的證據(jù)[J];經(jīng)濟研究;2007年09期

相關博士學位論文 前1條

1 佘曉燕;上市公司財務報表重述研究[D];西南財經(jīng)大學;2008年

本文編號：1465999