本文關(guān)鍵詞： 財務(wù)重述 管理層權(quán)力 市場競爭 核心財務(wù)重述 欺詐性財務(wù)重述　出處：《西南大學》2017年碩士論文　論文類型：學位論文

【摘要】：自20世紀初以來,一系列頻繁發(fā)生的會計丑聞極大的影響著資本市場的秩序與投資者的信心,會計信息失真的亂象普遍存在。會計信息是投資者對外進行投資的主要依據(jù),而財務(wù)報告作為上市公司向外界披露會計信息的重要途徑,因此其質(zhì)量的高低對于資本市場及投資者有著重要的影響。財務(wù)重述作為企業(yè)財務(wù)報表質(zhì)量的直接體現(xiàn),其發(fā)生與否直接反映企業(yè)的會計信息質(zhì)量。當前,財務(wù)重述事件在全球范圍內(nèi)頻繁發(fā)生,財務(wù)重述行為日漸頻繁,重述公司數(shù)量急劇增加。美國的“安然”事件,“世通”事件等,我國的“銀廣夏”事件,“獐子島”事件等,其背后都有著財務(wù)重述的影子。因此,研究財務(wù)重述發(fā)生的影響因素對規(guī)范資本市場秩序,提升投資者信心具有重要的作用。本文從公司治理對于財務(wù)重述的影響出發(fā),綜合公司內(nèi)外部治理因素管理層權(quán)力與市場競爭,考察其交互效應(yīng)下,市場競爭、管理層權(quán)力對財務(wù)重述的影響。運用競爭理論、最優(yōu)契約理論對市場競爭進行理論解析,同時,運用委托代理理論、信息不對稱理論、行為理論厘清市場競爭對于管理層行為的影響機制,在理論層面明確市場競爭、管理層權(quán)力對財務(wù)重述的影響路徑。由于不同程度的財務(wù)重述其產(chǎn)生的經(jīng)濟后果不同,因此本文將財務(wù)重述按照其經(jīng)濟后果的不同,分為核心財務(wù)重述與欺詐性財務(wù)重述,進而研究市場競爭、管理層權(quán)力對于不同類型財務(wù)重述的影響。本文的研究結(jié)果表明:(1)管理層權(quán)力與財務(wù)重述呈顯著正相關(guān)關(guān)系。隨著管理層權(quán)力的提升,其對于公司財務(wù)報告的生成與披露具有絕對的控制,此時管理層為了維護現(xiàn)有的聲譽,獲得股東的支持,保持現(xiàn)有的權(quán)力,其會進行偽裝,向外披露不真實的信息,從而導致財務(wù)重述的發(fā)生。(2)市場競爭與財務(wù)重述呈顯著負相關(guān)關(guān)系。市場競爭有助于提升會計信息質(zhì)量,減緩財務(wù)重述的發(fā)生。(3)市場競爭對于管理層權(quán)力過大而導致的財務(wù)重述發(fā)生具有顯著的抑制作用。激烈的市場競爭使得企業(yè)面臨巨大的經(jīng)營風險,管理層為了降低企業(yè)的經(jīng)營風險,會增加會計信息的披露,提升會計信息質(zhì)量,從而降低財務(wù)重述的發(fā)生。市場競爭作為公司外部治理機制,當管理層權(quán)力過大導致公司內(nèi)部治理機制失效時,其對于公司內(nèi)部治理機制具有補充作用。(4)進一步研究表明,管理層權(quán)力與核心財務(wù)重述存在著顯著的正相關(guān)關(guān)系,市場競爭與欺詐性財務(wù)重述呈顯著的負相關(guān)關(guān)系。隨著管理層權(quán)力的增加,管理層為了謀取私利,其傾向于直接對營業(yè)收入、營業(yè)成本、營業(yè)費用這三種核心會計指標進行操控,從而導致核心財務(wù)重述的發(fā)生。同時,激烈的市場競爭有助于抑制欺詐性財務(wù)重述的發(fā)生。
[Abstract]:Since the beginning of 20th century, a series of frequent accounting scandals have greatly affected the order of capital markets and investor confidence. Accounting information is the main basis for investors to invest abroad, and financial report is an important way for listed companies to disclose accounting information to the outside world. Therefore, the level of its quality has an important impact on the capital market and investors. Financial restatement as a direct reflection of the quality of enterprise financial statements, its occurrence or not directly reflects the quality of accounting information. The financial restatement events occur frequently in the world, the financial restatement behavior increases day by day, the number of restatement companies increases sharply, the "Enron" event in the United States, the "WorldCom" event in the United States, and the "Silver Guangxia" event in our country. There is a shadow of financial restatement behind "Swertia Island" incident. Therefore, it is necessary to study the influencing factors of financial restatement to regulate the order of capital market. This paper starts from the influence of corporate governance on financial restatement, synthesizes the management power and market competition of internal and external governance factors, and investigates the market competition under its interactive effect. The influence of management power on financial restatement. Using competition theory, optimal contract theory to analyze the market competition, at the same time, using principal-agent theory, information asymmetry theory. Behavior theory clarifies the influence mechanism of market competition on management behavior, and clarifies market competition at the theoretical level. The influence of management power on financial restatement. Because the economic consequences of different degrees of financial restatement are different, this paper makes financial restatement according to its different economic consequences. It is divided into core financial restatement and fraudulent financial restatement to study market competition. The effect of management power on different types of financial restatement. The results of this paper show that the relationship between management power and financial restatement is significantly positive. It has absolute control over the generation and disclosure of the company's financial reports. In order to maintain the existing reputation, obtain the support of shareholders and maintain the existing power, the management will disguise it. Disclosure of untrue information to the outside, resulting in the occurrence of financial restatement. 2) there is a significant negative correlation between market competition and financial restatement. Market competition helps to improve the quality of accounting information. Slow down the occurrence of financial restatement.) the market competition has a significant restraining effect on the financial restatement caused by the excessive power of the management. The fierce market competition makes the enterprise face the huge operating risk. In order to reduce the operating risk of the enterprise, the management will increase the disclosure of accounting information, improve the quality of accounting information, thereby reduce the occurrence of financial restatement. Market competition as the external governance mechanism of the company. When the management power is too large to lead to the failure of the internal governance mechanism, it has a complementary role to the internal governance mechanism of the company. There is a significant positive correlation between management power and core financial restatement, and there is a significant negative correlation between market competition and fraudulent financial restatement. It tends to direct the operating income, operating costs, operating expenses these three core accounting indicators to manipulate, thus leading to the occurrence of core financial restatement. At the same time. Fierce market competition helps to curb fraudulent financial restatements.
【學位授予單位】：西南大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F275;F832.51

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