当前我国资本市场日益发展壮大的时代背景下，企业的会计信息 有着特殊的重要地位。我国《企业会计准则》明确了及时性是会计信 息质量的主要特征,这也从一个侧面体现出目前我国年报披露整体时 滞较长的事实，对上市公司年报披露及时性的深入研究正当其时。并 且，年报披露进程迟缓将为管理层操纵以及财务舞弊等问题的产生提 供温床，信息及时性与可靠性的关系值得开展进一步研究。 在我国上市公司年报披露的及时性亟待提高的情境下，本文以我 国沪深 A 股 2007-2017 年的数据为样本，深入研究了我国上市公司年 报披露时滞的影响因素，更进一步研究了因素间的交互关系。实证过 程中采用参数检验、最小二乘法、Logistic 回归等方法，主要得到以 下结论，（1）公司绩效与年报披露及时性显著正相关。(2)公司资产 结构能够显著影响年报披露及时性。（3）内控质量与年报披露及时 性显著正相关，且公司内控质量对公司绩效与年报披露及时性的关系 以及公司资产结构与年报披露及时性的关系均存在调节效应。（4） 外部审计质量与年报披露及时性显著正相关，且外部审计质量对公司 资产结构与年报披露及时性的关系存在调节效应。（5）年报披露及 时性与盈余质量显著负相关。II 关键词，年报披露，及时性，影响因素，盈余质量 论文类型，理论研究III RESEARCH ON THE FACTORS INFLUENCING THE ANNUAL REPORT LAG OF LISTED COMPANIES -- EVIDENCE FROM CHINA’S CAPITAL MARKET ABSTRACT Under the background of the growing development of China's capital market, the accounting information of enterprises has a special important position. China's Accounting Standards for Enterprises made it clear that timeliness is the main feature of accounting information quality. ,This also reflects the fact that the disclosure of the annual report in China has a long time lag, it is time to study the influencing factors of timeliness of annual report disclosure of listed companies. Moreover, the slow process of annual report disclosure will provide a hotbed for management manipulation and financial fraud. Naturally, whether the timely disclosure of accounting information is reliable or not has become another issue that we need to study urgently. Under the situation that the timeliness of annual report disclosure of Listed Companies in China needs to be improved urgently, this paper takes the data of Shanghai and Shenzhen A shares from 2007 to 2017 as a sample to study the influencing factors of the disclosure delay of annual report of Listed Companies in China, and further studies the interaction between the factors. In the empirical process, the parametric test, the least square method and the logistic regression method are used. The main conclusions are as follows. (1) corporate performance is positively correlated with the timeliness of annual reports disclosure. (2) the structure of company assets can significantly affect the timeliness of annual reports disclosure. (3) the quality of internal control is positively correlated with the timeliness of annual report disclosure. whats more, it has a moderating effect on the relationship between company performance and disclosure timeliness of annual reports and the relationship between the company's asset structure and the disclosure timeliness of the annual report.(4) accounting firms are significantly related to the timeliness of annual reports disclosure, and external audit institutions have a moderating effect on the relationship between company asset structure and the disclosure timeliness of annual reports. (5) the timeliness of annual report disclosure is significantly negatively correlated with earnings quality. KEY WORDS: Annual report disclosure; Timeliness; Influence factor；Earnings quality TYPE OF DISSERTATION / THESIS: Theoretical Research浙江工业大学硕士学位论文 上市公司年报披露时滞影响因素研究——来自中国资本市场的证据 IV 目 录 1 绪论................................................................................................................................................1 1.1 研究背景及意义................................................................................................................1 1.1.1 研究背景..................................................................................................................1 1.1.2 研究意义..................................................................................................................2 1.2 研究内容和方法.................................................................................................................3 1.2.1 研究内容..................................................................................................................3 1.2.2 研究方法..................................................................................................................4 1.3 研究的创新点.....................................................................................................................6 2 文献综述.....................................................................................................................................7 2.1 上市公司年报披露及时性影响因素的研究综述..................................................7 2.2 年报披露及时性与盈余质量的关系研究综述....................................................11 2.3 文献评述.............................................................................................................................12 3 理论分析与研究假设.........................................................................................................14 3.1 公司绩效与年报披露及时性......................................................................................14 3.2 资产结构与年报披露及时性......................................................................................15 3.3 内部控制与年报披露及时性......................................................................................16 3.4 外部审计与年报披露及时性......................................................................................18 4 实证研究设计..........................................................................................................................20 4.1 样本选择与数据来源.....................................................................................................20 4.2 变量设计.............................................................................................................................21 4.2.1 被解释变量...........................................................................................................21 4.2.2 解释变量................................................................................................................22 4.2.3 控制变量................................................................................................................23 4.3 模型构建.............................................................................................................................26 5 实证结果与分析.....................................................................................................................29 5.1 描述性统计........................................................................................................................29 5.2 上市公司年报披露及时性的影响因素回归结果................................................35 5.2.1 公司绩效与年报披露及时性..........................................................................35 5.2.2 内部控制、企业绩效与年报披露及时性..................................................38 5.2.3 内部控制、资产结构与年报披露及时性..................................................40 5.2.4 外部审计、资产结构与年报披露及时性..................................................42浙江工业大学硕士学位论文 上市公司年报披露时滞影响因素研究——来自中国资本市场的证据 V 5.3 进一步分析，年报披露及时性与盈余质量.........................................................44 6 稳健性检验................................................................................................................................49 7 结论与建议................................................................................................................................58 7.1 研究结论..............................................................................................................................58 7.2 政策建议..............................................................................................................................58