Motivation Study On Financial Report Restatement Of Listed Company In China

In recent years, financial report restatement phenomena in the capital market in China is becoming more and more serious, not only caused great losses to the investors of the economy, also let the honor of listed companies and the economy suffered losses, this phenomenon has caused the scholars study, and also caused the attention of the authorities. In this paper, by studying the existing literatures, found that scholars focused mainly on the characteristics of financial restatement companies have, and the economic consequences of financial restatements, research on the motivation of listing Corporation financial report restatement is relatively less and mainly focus on empirical research. This study mainly uses the method of case study to explore the motives of Chinese listing Corporation financial report restatement of frequent.The conclusion of this study not only contributes to the governance of China's listing Corporation, more help to effectively guard against financial report restatements phenomenon, to improve the quality of financial information disclosure and promote government regulation has a positive significance.This study is divided into five parts. The first part introduces the background and significance of the topic, in view of the listed company financial restatements, based on the domestic and foreign related research, the research content and innovations and shortcomings of this article are put forward. The second part introduces the background of listing Corporation financial report restatement system and for statistic analysis of the current situation of China's listing Corporation financial report restatement. The third part illustrates the characteristics of company of listing Corporation in China financial report restatement, and analyzes the causes of the phenomenon of frequent financial restatement, mainly have successfully listed, refinancing motivation, achieving financial forecasts, target profit driven and accounting information asymmetry causes. The fourth part through the analysis of the financial report restatement case of green land company and Hai Lianxun company to find problems and analyse the causes of these problems. The fifth part is for the corresponding problems, from the internal point of view, the external market perspective, the perspective of macro government and the point of view of investors respectively putting forward the countermeasures and suggestions to reduce the financial restatements phenomenon.