上市公司财务状况对财务重述影响的实证研究——基于财务预警Z计分模型的分析  

An Empirical Study of the Effect of Listed Companies'Financial Situation on Their Financial Restatements

作　　者：袁凤林[1] 陈雪婷 YUAN Fenglin;CHEN Xueting(School of Business, Yangzhou University, Yangzhou 225127, Jiangsu, China)

机构地区：[1]扬州大学商学院,江苏扬州225127

出　　处：《扬州大学学报（人文社会科学版）》2018年第2期52-59,共8页Journal of Yangzhou University(Humanities and Social Sciences Edition)

基　　金：江苏省高校优秀中青年教师和校长境外研修计划项目(苏教师[2013]8号);扬州大学人文社科基金项目(xjj2013-43)

摘　　要：财务重述不仅意味着上市公司财务信息质量的低下,而且某种意义上表明了上市公司财务状况和公司治理方面存在问题。愈是财务状况不佳的上市公司,愈容易发生财务重述。以2012-2015年沪市A股制造业上市公司为样本,实证分析Z计分模型反映的财务状况与财务重述的关系,研究发现,Z值越小的上市公司财务困境状况越严重,财务重述发生的可能性就越大;ST上市公司比非ST上市公司更容易发生财务重述。Financial restatements not only mean poor financial information quality of listed companies,but also show that some problems are present in their financial situation and corporate governance.The worse the financial situation,the more easily financial restatements emerge.Shanghai A-share listed manufacturing companies from 2012 to 2015 are taken as samples to analyze the correlation reflected by Z-score Model between financial situation and financial restatements.Results show that the listed companies with smaller z-score are trapped in worse financial condition and are more likely to be subject to financial restatement.It is also found that ST listed companies are more prone to financial reports than non-ST ones.

关 键 词：财务重述 Z计分模型 Z值 财务困境 

分 类 号：F234.4[经济管理—会计学]