摘要
通过对中国A股上市公司2004年-2008年财务报表重述公告的五年趋势与特征研究发现,公司多次进行财务报表重述的现象严重,调减利润的财务报表重述数目每年基本稳定在75%左右,报表重述涉及的主要会计问题包括成本费用、估值与计价、税费相关、股权相关的投资损益以及收入等。公司的自愿性重述相对较低,而且通常选择重述公告的时机,导致重述公告的市场反应较弱,总体累计异常回报率(基于流通市值加权平均市场回报率调整)的中位数仅为-0.5%,均值为-0.2%。
This paper analyzes the five-year characteristics and trend of financial statement restatements from 2004 to 2008,and finds that restatements are serious; approximately 75% of restatements reduce income; cost and expense,valuation,taxes,equity related with investment profits or losses and revenue are the main accounting issues involved in financial restatements at the present time. Voluntary restatements take a relatively low proportion. Announcement time is usually choosen so that the market reaction to restatements announcement is very weak,the median of cumulative abnormal return based on the adjustment of negotiable market capitalization weighted average is only -0.5%,and the mean value is -0.2%.
出处
《上海立信会计学院学报》
北大核心
2010年第2期17-27,共11页
Journal of Shanghai Lixin University of Commerce
关键词
财务报表重述
会计差错
趋势
特征
financial statement restatements
accounting errors
trend
characteristics
