内控缺陷披露与修正、市场反应与盈余信息含量  

The Disclosure and Correction of Internal Control Weakness,Market Reaction and Informativeness of Earnings

作　　者：周嘉南[1] 袁雨佳 Zhou Jianan;Yuan Yujia(School of Economic and Management,Southwest Jiaotong University,Chengdu 610031,China)

机构地区：[1]西南交通大学经济管理学院,成都610031

出　　处：《工业技术经济》2018年第7期67-78,共12页Journal of Industrial Technological Economics

摘　　要：本文以强制披露阶段下2013~2016年的沪、深两市披露内控缺陷的主板上市公司为研究对象,分别以不同表现形式的内控缺陷、修正缺陷以及修正缺陷的形式为视角,研究它们对市场反应及盈余信息含量的影响,探讨不同内控缺陷的披露与修正的信息含量差异。研究发现,与非财务报告类内控缺陷相比,披露财务报告类内控缺陷会引起更为显著的负面市场反应,且会降低会计盈余的信息含量;而考虑缺陷跨期的影响,修正内控缺陷具有积极效应,会带来正面的市场反应;另外修正财务报告类缺陷引起的正面市场反应更为显著,同时会提高会计盈余的信息含量。This paper uses the data from the main band listed companies in Shanghai and Shenzhen Stock Exchanges that disclosed internal control weakness mandatorily from 2013 to 2016,from the perspectives of the disclosure of different form internal control weakness,the correction of internal control weakness,and the correction of different form internal control weakness,empirically tests the impact on market reaction and informativeness of earnings. It finds that comparing with other form internal control weakness,the internal control weakness about financial reporting can lead to a more significant negative market reaction,and reduce informativeness of earnings. Considering the influence of inter-temporal internal control weakness,the correction of internal control weakness has a positive effect,and it can lead to a positive market reaction. In addition,correcting the internal control weakness about financial reporting can lead to a more significant positive market reaction,and improve informativeness of earnings.

关 键 词：内控缺陷 财务报告类内控缺陷 缺陷修正 市场反应 盈余信息含量 缺陷跨期 

分 类 号：F270[经济管理—企业管理] F224[经济管理—国民经济]