Research On The Motivation Of Financial Restatements Of Listed Companies In Anhui

In recent years, the financial restatement issue has become the focus of research scholars and regulators, because it has endangered the stable and healthy development of the stock market. Anhui province is located in the hinterland of East China, a larger number of listed companies within the provincial jurisdiction, so research on the motivation of financial restatements of listed companies in Anhui have some representation.First, we can understand the current status of research on financial restatements and find the entry point of the study by inducting and evaluating of domestic and foreign research results on financial restatements. The principal-agent theory, asymmetric information theory, and dividend signaling theory was associated with the financial restatement. On the basis of the three theories, through restatements elaborating and contrasting the history of Sino-US financial restatements system, we can found that financial restatements system has been restated China has basically established and tend to improve gradually.Secondly, this essay analyzes the financial restatements released by Anhui listed companies from 2007 to 2012, and then analyzes the current situation of financial restatements for Anhui listed companies from four aspects such as quantity, industry distribution, annual distribution, and content. It is pointed out the existence issue of Financial Restatements of Listed Companies in Anhui just like the rats of financial restatements proportion, the quality of financial information disclosure urgent need to strengthen, financial restatement on manufacturing listed company is serious, and some accounting issues lack of staff competence.Thirdly, take the annual reports data of listed companies in Anhui between 2007-2012 as the sample, and then through descriptive statistical analysis, unilabiate correlation analysis, multicollinearity test and Logistic regression analysis, we can take the following conclusions:(1) Turnover, earnings per share, quality of earning, asset-liability ratio was significantly associated with the occurrence of financial restatement;(2) Stock incentive, whether losses occurred, and ROE finance has no significant association with the occurrence of financial restatement.Finally, according to the status analysis and the discussion of motivation of financial restatement of listed companies in Anhui, we can give the countermeasur from two perspectives.The innovation of this paper is that chosen Anhui province as the scope of the study, highlighting the regional and representation, and it is rarely seen in previous studies that putting the quality empirical and the ratio of the number of main business income and accounting in the process of empirical research.