上市公司财务压力与信息披露违规实证研究  

An Empirical Research on Financial Pressure and Illegal disclosures of Listed Companies

作　　者：吴国萍[1] 马施[2,3] 

机构地区：[1]东北师范大学商学院,吉林长春130117 [2]中央财经大学会计学院,北京100081 [3]长春税务学院会计系,吉林长春130117

出　　处：《财经理论与实践》2010年第2期59-63,共5页The Theory and Practice of Finance and Economics

基　　金：教育部人文社科基金(09YJA630019);吉林省社会科学基金(2009AW01)

摘　　要：选择2005～2008年内被证监会、证券交易所作为信息披露违规处理的171家公司及其171家配对公司作为研究样本，运用Logistic回归模型对不同类型的财务压力与上市公司信息披露违规的关系进行实证研究，结果表明，偿债压力、保壳压力、保盈压力对公司的信息披露违规行为构成显著的影响，而现金流压力影响则并不显著。This paper examines 171 listed companies which received enforcement actions from China securities regulatory commission, Shanghai and Shenzhen Stock Exchange due to illegal disclosures panning from 2005 to 2008 and the corresponding 171 control samples. Applying conditional logistic regression, this paper investigates the relationship between different kinds of financial pressures and illegal disclosure. The regression results show. pressure of debt, pressure of avoiding delisting, and pressure of avoiding loss are positively related to the probability of illegal disclosure behaviors, but there is not significant relation between cash flow pressure and illegal disclosure behaviors.

关 键 词：上市公司 财务压力 信息披露违规 

分 类 号：F234.4[经济管理—会计学]