财务重述中关联股东网络的传染机制研究

摘要

从关联股东的角度研究财务重述在股东社会网络中传染的可能性。结果表明，曾经持有财务重述公司股份的股东，在持有下一家公司股份时，再次发生财务重述行为的概率会降低。但是，如果关联发生在重述公司重述前，关联公司重述的可能性则会显著增加，并且上述关系会受到关联股东地位的调节影响。本文从所有权网络的行为层面为财务重述研究提供了新的角度，也为应对上市公司财务重述提供了新的思路。%This research explores the contagion possibility of financial restatement in the social network of shareholders from the perspective of interlocked shareholders.It finds that interlocked shareholders can prevent the financial restatement of interlock companies to some extent when they become shareholders of the next company, but the restatement possibility of the interlocked companies increases significantly if the interlock occurs before the restatement.Logistic Regression shows that the possibility of restatements is significantly related to the existence of interlocked shareholders.This research provides not only a new perspective to study the financial restatements from the behavior aspects of the shareholder's network, but also a new method to deal with the financial restatements of the public companies.