Motivation Research On Financial Report Restatement Of Listed Companies In China

Firstly, the study analyses on the related theory of financial restatement reason roundly, including the principal-agent theory, information asymmetry theory, financial restatement system evolution and current situation,making a scientific definition on restatement of financial connotation and denotation. Secondly, the study puts forward some assumptions from two angles in financial restatement of internal and external causes, which is supported by the financial report section data of Chinese listed company public disclosure. It researches in many specific methods of statistical analysis, such as descriptive statistics, regression test, correlation test and robustness test. Finally, the study make a conclusion and put forward three specific suggestion in improvement of Chinese listed company financial restatement system according to the statistical analysis. The conclusion is as follows:(1) compared with the control, in the other variable constant premise, the listed company financial restatement phenomenon happened positively relation with earnings management behavior, and happened negatively relation with the control degree. Therefore, earnings management behavior and the defects of internal control system is the main internal motivation of financial restatement (2) compared with the control, in the other variable constant premise, the listed company financial restatement phenomenon happened positively relation with its associated transactions, it is not relevant on the accounting policies and accounting estimates the possibility of change. Therefore, the associated transaction is the main external motivation of financial restatement (3) according to the foregoing conclusion, we should take mainly the following three aspects to improve the financial restatement system in Chinese listed company:First of all, to perfect the internal control management in listed companies; Secondly, to improve accounting policy rigid; Finally, to establish and perfect the supervision system and the responsibility mechanism.