政府控制、制度环境与上市公司财务重述行为  

An Empirical Research on the Relations among Government Control、Institutional Environment and Financial Restatements

作　　者：王俊秋[1] 张奇峰[2] 

机构地区：[1]华东理工大学商学院,上海200237 [2]上海立信会计学院会计与财务学院,上海201620

出　　处：《经济管理》2010年第4期11-19,共9页Business and Management Journal ( BMJ )

基　　金：上海市教委科研创新重点项目"新会计准则实施效果的实证检验"(09ZS62);教育部人文社会科学规划项目"股改后审计市场结构的演变及其监控研究"(08JA790084);上海曙光计划项目"后股改时代的证券审计市场结构:成因;后果与监管"(07SG55)

摘　　要：在我国转轨经济背景下,政府干预对企业行为具有重要影响。本文以财务重述为研究对象,实证检验了不同层级的政府干预和地区制度环境与上市公司财务重述行为之间的关系。研究发现,与非政府控制的公司相比,政府控制的公司尤其是地方政府控制的公司发生财务重述的概率更高,而公司所处地区制度环境的改善能够显著降低上市公司发生财务重述的概率。具体来说,公司所处地区的市场化进程越快、政府干预越少、法治水平越高,上市公司发生财务重述的可能性越低。本文为理解转型经济中政府在公司信息披露行为中的作用提供了实证支持,拓展了财务重述影响因素的研究,同时提供了改善公司财务报告质量的有效路径。Under the background of our transitional economics, government behavior has an important effect on the enterprise＇ s operating activity. This paper examines the relationship among the government behavior, institutional environment and financial restatements. We find that, when a firm is controlled by government especially local government, its probability of restatements occurrence is higher than the firm controlled by non-government. But the improvement of institutional environment can significantly decrease the probability of restatements occurrence. In this paper, we provide direct evidence for the theory of government intervention from the perspective of financial restatements. Also, the paper extends research in financial restatement and gives advice on the reform of relationship between government and enterprise and the enhancement of financial statement quality.

关 键 词：政府控制 地方政府 制度环境 财务重述 

分 类 号：F276.6[经济管理—企业管理]