A Study On The Impact Of Governance Structure Of Listed Companies On Financial Restatement

High-quality financial report is a link between listed companies and investors,the healthy development of the securities market has a crucial role,has been the capital market participants in the pursuit of it.However,in recent years,the failure government of listed companies in China,resulting in frequent management of the company's financial statements to recapitulate fraud,reduce the quality of financial reporting.What's more,the consequences of financial restatement are extremely bad,not only affect the company's share price,undermine the company's image,but also damage the interests of investors,reduce the efficiency of market capital allocation,and even lead to volatile securities market.In view of China's current financial market,the growing financial restatement phenomenon and the resulting series of economic consequences,we need to more in-depth,systematic study of corporate governance structure and the relationship between the financial report restatement.This paper first reviews the domestic and foreign scholars on the financial restatement problem,the corporate governance structure and the relationship between the two research results,and review the literature,and then determine the content of this article;Secondly,this paper analyzes the relevant theory,On the basis of the present situation,this paper puts forward the specific research hypothesis based on the present situation and characteristics of the financial restatement of listed companies in China.Then,the virtual variables of financial restatement as the dependent variable and the independent variables and control variables are selected for descriptive statistical analysis Then,the logistic regression model is established to further verify the influence of each variable on the financial restatement,and the regression results are analyzed in detail.Through the empirical research on the relationship between corporate governance structure and financial restatement,this paper draws the following conclusions: First,the governance structure of listed companies will have some influence on the financial restatement behavior.Second,the ownership concentration of listed companies,The size of the independent directors,the frequency of the meetings of the board of supervisors and the profitability of the control variables.The state-owned holdings,the chairman and the general manager are both related and the solvency is positively related to the financial statements.Thesize of the board of directors,the size of the board of supervisors and the scale of companies has little effect on financial restatement.