Study on the Repair Behavior of Internal Control Defect After Financial Report Restatement

Yifang Li () and Gaoyuan Shi
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Yifang Li: Bohai University, College of Economics
Gaoyuan Shi: Bohai University, College of Economics

A chapter in Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), 2024, pp 753-759 from Springer

Abstract: Abstract As an important way of financial information disclosure, financial report restatement can help external stakeholders identify corporate risk and promote managers to improve corporate governance. This paper takes the A-share main board listed companies in Shanghai and Shenzhen from 2012 to 2020 as research samples, and uses Logit model to investigate the influence of financial report restatement on internal control defect repair behavior. The results show that the probability of internal control defect repair behavior increases significantly after financial report restatement. In addition, compared with state-owned enterprises and enterprises with low risk, non-state-owned enterprises and enterprises with high risk are more likely to repair internal control defect after financial report restatement.

Keywords: financial report restatement; internal control defect repair; property right; corporate risk (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-256-9_76

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