Research on the Influence of Board Informal Hierarchy on Corporate Financial Restatement Behavior

This paper examines the influence of board informal hierarchy on corporate financial restatement behavior. Taking enterprises listed in Shenzhen and Shanghai A-share markets as research sample, behavior also explores regulating effects three situational factors: size, number meetings, performance pressure. The results show that: clearer hierarchy, more it will inhibit firms. Meanwhile, size negatively moderates relationship between behavior; while meetings positively pressure finance.