本文關(guān)鍵詞： 財務(wù)重述 行業(yè)傳遞效應(yīng) 時機(jī)選擇　出處：《沈陽工業(yè)大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：在我國，有些制造業(yè)上市公司管理層人員發(fā)現(xiàn)已經(jīng)公布的財務(wù)會計報告中有錯誤內(nèi)容或遺漏事項而發(fā)布重述公告。財務(wù)報告對于投資者的重要作用不言而喻，因此投資者十分注重財務(wù)報告是否真實可靠，，可靠的財務(wù)報告將有利于投資者作出正確的投資決策，而不可靠的財務(wù)報告將影響投資者的投資行為，甚至給投資者帶來十分惡劣的經(jīng)濟(jì)后果。但是，上市公司并未正視財務(wù)報告的重要作用，近年來上市公司對于歷史公告的事后補(bǔ)救行為越來越普遍，研究財務(wù)重述的相關(guān)后果及公布的時機(jī)也就越來越有意義。本文分析了我國制造業(yè)上市公司財務(wù)重述的現(xiàn)狀，理順了財務(wù)重述的概念、分類、發(fā)生的背景以及財務(wù)重述發(fā)生的動機(jī)，并對相關(guān)理論作出闡述，為下文的實證進(jìn)行鋪墊。 本文的主要著眼點在于論證制造業(yè)上市公司財務(wù)重述公布后是否會引起對手公司股價的變化以及財務(wù)重述的公布是否與消息的好壞有著直接的聯(lián)系。在論證財務(wù)重述是否存在傳染的效應(yīng)方面，本文利用事件研究法對2008—2010年之中滬深兩市A股發(fā)布財務(wù)重述公告的制造業(yè)上市公司在財務(wù)重述公布后是否會引起傳染效應(yīng)進(jìn)行驗證，并利用多元回歸的方法分析了導(dǎo)致傳染效應(yīng)發(fā)生的因素。在論證財務(wù)重述是否存在著公布的機(jī)會主義行為方面，本文利用單因素方差分析對2008—2012年之中發(fā)布財務(wù)重述公告的滬深兩市所有A股制造業(yè)上市公司的財務(wù)重述公布是否存在著機(jī)會主義行為進(jìn)行驗證，即是否存在好消息公布的早，壞消息公布的晚這一現(xiàn)象，并利用多元回歸分析方法分析了這一機(jī)會主義行為的影響因素。
[Abstract]:In China, some managers of listed manufacturing companies issue restatement announcements when they find that there are errors or omissions in the published financial and accounting reports. The important role of financial reports for investors is self-evident. Therefore, investors pay great attention to whether financial reports are true and reliable, and reliable financial reports will help investors to make correct investment decisions, while unreliable financial reports will affect investors' investment behavior. However, the listed companies have not faced up to the important role of financial reports. In recent years, it has become more and more common for listed companies to remedy historical announcements afterwards. It is more and more meaningful to study the relevant consequences of financial restatement and the timing of publication. This paper analyzes the current situation of financial restatement of listed manufacturing companies in China, straightens out the concept and classification of financial restatement. The background of the occurrence and the motivation of financial restatement, and the related theories are expounded, which pave the way for the following empirical research. The main focus of this paper is to demonstrate whether the financial restatement of the manufacturing listed company will cause changes in the share price of the rival company and whether the announcement of the financial restatement is directly related to the good or bad news. Restate whether there is an effect of contagion, This paper uses the event study method to verify whether the listed manufacturing companies issued financial restatement announcement in Shanghai and Shenzhen A-shares from 2008 to 2010 will cause contagion effect after the financial restatement announcement. And using the method of multiple regression to analyze the factors that lead to the contagion effect. This paper uses single factor variance analysis to verify whether there is opportunistic behavior in the financial restatement announcement of all A-share manufacturing listed companies in Shanghai and Shenzhen stock markets in the period of 2008-2012, that is, whether there is early announcement of good news. The phenomenon of late bad news is published and the influencing factors of this opportunistic behavior are analyzed by multivariate regression analysis.
【學(xué)位授予單位】：沈陽工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51;F406.7

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