本文關(guān)鍵詞： 財(cái)務(wù)重述 領(lǐng)導(dǎo)權(quán)結(jié)構(gòu) 股權(quán)結(jié)構(gòu) 股權(quán)集中度　出處：《重慶理工大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：財(cái)務(wù)信息是資本市場(chǎng)運(yùn)行的基礎(chǔ)，也是投資者進(jìn)行投資決策的依據(jù)，其質(zhì)量的高低不但影響著我國(guó)資本市場(chǎng)的健康發(fā)展，而且直接關(guān)系著投資者的利益。當(dāng)前我國(guó)正處于調(diào)整經(jīng)濟(jì)結(jié)構(gòu)，促進(jìn)經(jīng)濟(jì)轉(zhuǎn)型發(fā)展的關(guān)鍵時(shí)刻，需要資本市場(chǎng)提供強(qiáng)有力的投融資支持。雖然資本市場(chǎng)發(fā)展的速度較快，但呈高發(fā)趨勢(shì)的財(cái)務(wù)報(bào)表重述行為是對(duì)其發(fā)展的一種隱患。因此，本文從微觀視角，選取了股權(quán)結(jié)構(gòu)、領(lǐng)導(dǎo)權(quán)結(jié)構(gòu)兩個(gè)因素來(lái)研究與財(cái)務(wù)重述的關(guān)系。 本文運(yùn)用理論分析和實(shí)證檢驗(yàn)相結(jié)合的方法對(duì)上市公司財(cái)務(wù)重述進(jìn)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(cái)務(wù)重述的經(jīng)濟(jì)后果、財(cái)務(wù)重述的影響因素、股權(quán)結(jié)構(gòu)與財(cái)務(wù)重述、領(lǐng)導(dǎo)權(quán)結(jié)構(gòu)與財(cái)務(wù)重述四個(gè)視角進(jìn)行了文獻(xiàn)回顧；第三部分介紹了本文的理論基礎(chǔ)：委托代理理論、現(xiàn)代管家理論和信息不對(duì)稱理論；第四部分是實(shí)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(cái)務(wù)重述。通過(guò)實(shí)證研究發(fā)現(xiàn)：股權(quán)集中度與財(cái)務(wù)重述的概率負(fù)相關(guān)；國(guó)有股比重與財(cái)務(wù)重述的概率正相關(guān)；法人股比例與財(cái)務(wù)重述的概率負(fù)相關(guān)；機(jī)構(gòu)投資者持股比重與財(cái)務(wù)重述的概率負(fù)相關(guān)；管理層持股比重與財(cái)務(wù)重述之間存在著U型關(guān)系；兩職合一的公司發(fā)生財(cái)務(wù)重述的概率小于兩職分離的公司發(fā)生財(cái)務(wù)重述的概率；控制變量盈利能力與財(cái)務(wù)重述的關(guān)系不顯著；資產(chǎn)負(fù)債率與財(cái)務(wù)重述正相關(guān)；公司規(guī)模越大，，發(fā)生財(cái)務(wù)重述的概率越小。第五部分是根據(jù)實(shí)證分析的結(jié)果，提出了相關(guān)的政策建議。 本文從財(cái)務(wù)重述的視角，研究我國(guó)上市公司股權(quán)結(jié)構(gòu)、領(lǐng)導(dǎo)權(quán)結(jié)構(gòu)對(duì)財(cái)務(wù)重述的影響，一方面為通過(guò)改進(jìn)股權(quán)結(jié)構(gòu)、優(yōu)化領(lǐng)導(dǎo)權(quán)結(jié)構(gòu)以降低財(cái)務(wù)重述發(fā)生率，具有重大現(xiàn)實(shí)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(xué)位授予單位】：重慶理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51;F275;F272.91

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