重大会计差错临时披露的盈余信息含量分析

文章以2004-2005年期间353家发生重大会计差错更正的A股上市公司为样本，运用Wilson（2005）的一期模型．检验了重大会计差错更正披露前后的季度盈余信息含量。研究发现，重大会计差错更正披露减少了此后季度盈余公告的信息含量，特别是重大会计差错更正披露前后季度盈余的ERC呈现u形；但是这种影响是暂时的。从重大会计差错更正披露后的第二季度到第四季度，盈余公告的信息含量很快恢复到重大会计差错更正披露前盈余公告信息含量；另外，投资者对重大会计差错更正临时披露信息是有反应的，核心盈余差错更正披露减少了此后四个季度的盈余公告信息含量。

The Information Content of Earnings Following Temporary Disclosure of Material Accounting Errors

Using the data of 353 listed firms that there are material accounting errors during 2004 to 2005 in their financial statements and one-period models of Wilson(2005),this paper examines the information content of earnings following accounting errors of prior period earnings.Results indicate that the information content of earnings declines in periods following accounting errors.However,the loss of information content following restatements is temporary.In particular,the earnings response coefficients for ear...