摘要
基于信息披露理论及监督控制理论,考察年报文本信息可读性对财务重述的影响。研究发现,年报文本信息可读性越差,企业发生财务重述的概率越高,且该结论在经过内生性问题解决以及一系列稳健性测试后仍然成立。从作用机制检验结果来看,提升年报文本信息可读性主要通过抑制管理层盈余管理行为、缓解公司信息不对称降低财务重述发生的概率。进一步研究显示:会计问题重述、重大会计差错、舞弊或丑闻重述对年报文本信息可读性更为敏感;审计师工作量、所属事务所类型特征会对年报文本信息可读性与重大会计差错、舞弊或丑闻重述行为间关系产生显著影响。
Based on the theories of information disclosure and supervision and control,this study examines the impact of the readability of annual report text on financial restatement.Research has found that the lower the readability of annual report text information,the higher the probability of financial restatement occurring,and this conclusion still holds after addressing endogenous issues and conducting a series of robustness tests.From the results of the mechanism test,it can be seen that the improvement in the readability of annual report text information mainly reduces the probability of financial restatement behavior by suppressing management’s earnings management behavior and alleviating company information asymmetry.Further research shows that restatement of accounting issues,significant accounting errors,fraud or scandals are more sensitive to the readability of annual report text information.The workload of auditors and the type of accounting firm they belong to will have a significant impact on the relationship between the readability of annual report information and significant accounting errors,fraudulent or scandalous restatement behavior.
作者
许汝俊
XU Rujun(Hubei University of Technology,Wuhan 430068)
出处
《财贸研究》
CSSCI
北大核心
2024年第7期98-110,共13页
Finance and Trade Research
基金
国家自然科学基金青年项目“资本市场制度型开放与中外券商分析师竞争”(72202058)
教育部人文社会科学基金青年项目“产业数字化背景下区块链技术应用对企业纵向并购决策的影响机制及优化策略研究”(21YJC630150)。
关键词
年报文本信息
可读性
财务重述
盈余管理
信息不对称
审计师特征
annual report text information
readability
financial restatement
earnings management
information asymmetry
auditor characteristics
