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企业财务重述代表财务报告的低质量与不可信,会给企业带来严重的经济后果,作为同一控制人控制下的集团内其他企业也会受到不良影响。以2003—2014年深沪两市A股主板上市集团公司为样本,比较财务重述公告前后集团内重述企业与重述关联企业的市场反应发现,财务报表重述在集团内存在负传染效应,并且,重述内容、重述滞后期、重述发起方以及重述企业聘请的审计事务所规模、集团公司的控制人性质和审计方式都会影响这种传染效应。
The restatement of financial statements on behalf of the financial reporting of low quality and credibility, will have serious economic consequences for the enterprise, as the same controller under the control of other companies within the group will be adversely affected. Taking the listed companies of A-shares of Shenzhen and Shanghai listed companies from 2003 to 2014 as samples, comparing the market responses between the restated companies in the group before and after the financial restatement announcement and the restatements of affiliated companies, it is found that the financial statements restate the negative contagion effect , And restate the content, recapitulate the lag, restate the initiator and recapitulate the scale of the audit firm hired by the enterprise, the nature of the group’s controller and audit will affect this contagion effect.