中文摘要：

本文考察不同金融发展环境下财务重述对融资约束的影响，研究发现：财务重述产生了消极的经济后果，财务重述公司比对照组公司面临更高的融资约束；金融发展程度较高地区，公司整体面临较低的融资约束，但财务重述公司比对照组公司面临显著更高的融资约束；金融发展程度较低地区，公司整体面临较高的融资约束，但财务重述公司与对照组公司的融资约束不存在显著差异。研究表明金融发展能够强化财务重述的经济后果，提高资源配置效率。

英文摘要：

This paper studies the influence of financial restatement of financing constraints in different financial development environment. The study found that： the financial restatement produced negative economic consequences, financial restatement company face higher than the control group company in financing constraints; In higher financial development area, the company is facing lower financing constraints, but the financial restatement company face significantly higher than control group company; In the lower financial development area, the company is facing higher financing constraints, but there is no significant difference between with control group and financial restatement group. Research shows that financial development can strengthen the economic consequences of financial restatement, and improve the efficiency of resource allocation.