The Impact of Financial Report Inquiry on Financial Restatement

DOI

10.2991/assehr.k.210121.170How to use a DOI?

Keywords

Financial report inquiry letter, Financial restatement, SOEs, Analyst tracking

Abstract

This article takes the financial restatement of listed companies as the searching point, test the regulatory effect of the financial report inquiry letter issued by the stock exchange. The research shows that: listed companies that received the inquiry letter were more likely to have financial misstatements and financial restatements. In order to ensure the robustness of the research conclusions, we conducted PSM on the inquiried company and non_inquiried company. The conclusion still holds. Using property rights and analyst tracking as the adjustment variables, we found that state-owned companies and more analyst tracking companies will strengthen the positive correlation between inquiries and financial restatements.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qinghui Dai
AU  - Xiang Xiao
PY  - 2021
DA  - 2021/01/23
TI  - The Impact of Financial Report Inquiry on Financial Restatement
BT  - Proceedings of the 6th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2020)
PB  - Atlantis Press
SP  - 872
EP  - 876
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210121.170
DO  - 10.2991/assehr.k.210121.170
ID  - Dai2021
ER  -