| Summary: | 碩士 === 中國文化大學 === 會計研究所 === 94 === Corporate governance both has insider and outsider administrative mechanism, the function of boards of directors and supervisors is the core of insider mechanism; reputa-tion institution is an important outsider supervisor when insider and outsider mechanism can both work effectively, the corporate governance will succeed, and increase financial statement’s credibility. Our research find out that the independence and ownership stake have significant negative relationship with restatement, the size and pledged shares of directors and supervisors both have significant positive relationship with restatement, audit quality has significant negative relationship with restatement.
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