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将重述分为差错期、更正期(即重述期)两个时期,运用部分可观测的两阶段probit回归模型,以分析会计重述的发生为出发点,研究了管理层在会计重述不同阶段的策略选择与形式裁量问题。实证检验结果表明,上市公司误述年报是为了避免亏损,以在资本市场生存;当前期年报存在会计差错时,重述是为了降低资产负债表膨胀度,为后期盈余管理提供空间;公司治理对误述的发生与重述的披露均有显著的影响。
The restatements are divided into two periods: error period and correction period (rebirth period). Using the partially observable two-stage probit regression model to analyze the occurrence of accounting restatement as a starting point, the study of management restatement is different. The stage of strategic choice and form of discretion issues. The empirical test results show that listed companies misrepresent annual reports in order to avoid losses in order to survive in the capital market; when there are accounting errors in current annual reports, the restatements are intended to reduce the expansion of the balance sheet and provide room for late earnings management; corporate governance Both misrepresentation and restatement have significant effects.