中文摘要：

盈余重述归因于公司的内部错误还是公司有目的的盈余操纵？针对国内外学者对重述原因的争议，本文研究了高报盈余的重述公司财务年报发生错报的动机，从应计和现金流两个方面验证重述公司被重述年度是否存在盈余操纵行为。研究发现，与非重述公司相比，高报盈余的重述公司在财务报告发生错误的年度操控性应计水平较高，而异常经营现金流较低，说明重述公司确实存在利用应计和真实盈余管理活动进行盈余管理的行为。

英文摘要：

Are earnings restatements due to inner error or intentional earnings manipulation？ This paper studies the motivation of overstated companies misstating financial reports, and examines wether restated companies manipulate annual earnings using accrual and cash flow. The results show that overstated companies have higher discretionary accrual and lower abnormal cash flow from operations compared with no-restatement companies in restated years, indicating that restatements＇ companies have used accrual and real earnings management activities to manage earnings.