财务报表误述、误述风险与自愿性信息披露——基于企业社会责任报告的证据  

Financial Misstatements,Risk of Misstatements and Voluntary Disclosure: Evidence from CSR Reports

作　　者：刘媛媛 田言 Liu Yuanyuan;Tian Yan

机构地区：[1]东北财经大学会计学院/中国内部控制研究中心

出　　处：《会计研究》2019年第4期26-35,共10页Accounting Research

摘　　要：本文将企业社会责任报告(CSR报告)视为自愿性信息披露工具,尝试从信息披露理论来解释财务误述企业是否自愿提供CSR报告.基于此目的,本文运用部分可观测模型(POM模型)的两阶段程序来估计财务报表误述风险,并将已误述报表在未来可能被要求重述这一情况视为未来公开信息,来探究未来公开信息是否降低自愿性信息披露动机.研究发现,被侦测概率会显著降低企业自愿披露CSR报告的动机.以往的实证研究是从“现有公开信息水平”来检验信息披露理论,即现有公开信息越多,企业额外提供自愿披露的动机越低,而本文则进一步发现,信息披露理论同样适用于“未来公开信息水平”.This paper aims to examine the impact of future public information on the motivation for voluntary disclosure. So this paper regards CSR Report as a voluntary information disclosure vehicle, using a two-stage process of a partially observable model to estimate the risk of financial misstatements. By taking the financial restatement as future public information, this paper explores whether future public information reduces the motivation for voluntary disclosure. The research results show that the financial restatement, financial misstatements, probability of financial misstatement, and propensity to financial misstatement have no significant impact on whether or not to voluntarily disclose CSR reports. Only the probability of detection of financial misstatement has a significant impact. That is, when the probability that a priori misstatement statement will be corrected in the future is higher, that is, equivalent to the capital market will obtain more public information, it will significantly reduce the motivation of voluntary disclosure of CSR reports.

关 键 词：自愿性信息披露 企业社会责任报告 财务报表误述 误述风险 被侦测概率 

分 类 号：F275[经济管理—企业管理] F270[经济管理—国民经济]