The Effect Of Financial Reports Of Listed Companies In Our Country Restatement Problem Research

The quality of the financial statements’s information always been subject towidespread concern in the community. At the micro, the impact on the parties to theshareholders, creditors, external auditors and the public to make the right decisions; inmacro terms, the decision on the basis of the assumptions of the capital market, andaffect the country’s economic run the program. Listed companies restatement offinancial reporting is a benchmark of the level of quality of the information of thecompany’s statements. Since the1990s, the phenomenon of financial restatements inthe case of listed companies can be described as common, the phenomenon will notonly affect the efficient allocation of market resources, but also affect the degree ofinvestor confidence, which caused extensive attention of many foreign scholars, theresearch achievements, mainly in the financial report restatement of the economicconsequences of industry contagion effect. Compared to foreign and domestic research,especially empirical research a bit thin, mainly focused on the cause analysis of therestatement of financial reports of various factors on the restatement of financial reports.Based on the above situation, especially restated financial reports for the topics, the useof2001-2010in the Eastern, central and western regions in31provinces andautonomous regions listed companies in the sample data, and in accordance withChina’s three economic belts of its classification. industry contagion effect on thefinancial reports of listed companies in China restated its influencing factors, themarket reaction to restatement of financial reports, industry contagion effect, platedifferences as well as four aspects of the empirical research literature to summarize theapplication of norms The study analyzed the impact of factors in the Restatement offinancial reporting by constructing models and the use of panel regression analysis,using the2001-2010panel data to draw funds operating capacity threshold factors thataffect the industry contagion effect. Furthermore, the factors that affect fund operatingcapacity of the statistical test, the restatement of the nature and the company’s capitalstructure and board characteristics are the main influencing factors. Finally, build themodel of the industry contagion effect caused by the different sections of the corporatefinancial restatements and industry test results confirmed that the financial reportrestatement of the contagion effect of the listed companies in China plate differencesand industry differences. On the basis of empirical research, the research results toanalyze the feasibility of suggestions in order to contribute to further improve the system of Chinese accounting standards.