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| Determinants of Restatement Announcements: Evidence from China |
| WEI Zhi-Hua LI Changqing CHEN Tai-ying |
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Abstract This paper takes more than 5000 Chinese listed companies between 2003 and 2006 as the sample to explore the determinants of annual report restatement. The empirical results show that the company characteristics, ownership structures and the external governance environment are main determinants of restatement, while the constraints and influences of internal governance structures are very limited to restatement. Furthermore, we build a framework for analyzing restatement, information disclosure and investor protection, and put forward some policy proposals to strengthen the supervision of restatement, to guide and normalize information disclosure of Chinese listed companies.
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Received: 15 December 2009
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Corresponding Authors:
WEI Zhi-Hua
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2010, Vol. 1 
浙公网安备 33011802000512号