| Summary: | 碩士 === 國立彰化師範大學 === 會計學系 === 93 === This research examines the effect of ultimate owner on financial restatements. Whether the ultimate owners’ cash flow rights will decrease the occurrences of financial restatements items and amounts and the ultimate owners’ divergence from control rights to cash flow rights will increase the occurrences of financial restatements items and amounts. We examine a sample of 46 earnings restatements companies in the period 2000-2003, together with matched pairs control groups of similar size, industry and year. The primary results are as follows: (1) The higher ultimate owners’ cash flow rights are , the lower occurrences of financial restatements items will be.(2) The higher ultimate owners’ divergence from control rights to cash flow rights, the more occurrences of financial restatements items and amounts will be.
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