Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

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

Authors
Yifang Li1, *, Gaoyuan Shi1
1College of Economics, Bohai University, Jinzhou, Liaoning, China
*Corresponding author. Email: 407977897@qq.com
Corresponding Author
Yifang Li
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-256-9_76How to use a DOI?
Keywords
financial report restatement; internal control defect repair; property right; corporate risk
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
9 October 2023
ISBN
10.2991/978-94-6463-256-9_76
ISSN
2352-5428
DOI
10.2991/978-94-6463-256-9_76How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yifang Li
AU  - Gaoyuan Shi
PY  - 2023
DA  - 2023/10/09
TI  - Study on the Repair Behavior of Internal Control Defect After Financial Report Restatement
BT  - Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
PB  - Atlantis Press
SP  - 753
EP  - 759
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-256-9_76
DO  - 10.2991/978-94-6463-256-9_76
ID  - Li2023
ER  -