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系統識別號 U0026-0508201510501900
論文名稱(中文) 其他綜合損益之資訊價值
論文名稱(英文) The Information Content of Other Comprehensive Income
校院名稱 成功大學
系所名稱(中) 會計學系
系所名稱(英) Department of Accountancy
學年度 103
學期 2
出版年 104
研究生(中文) 江姝葶
研究生(英文) Shu-Ting Chiang
學號 R16021069
學位類別 碩士
語文別 中文
論文頁數 57頁
口試委員 指導教授-吳清在
共同指導教授-王澤世
口試委員-林世銘
口試委員-蔡彥卿
中文關鍵字 其他綜合損益  公司價值  公司治理  盈餘管理 
英文關鍵字 other comprehensive income  firm value  corporate governance  earnings management 
學科別分類
中文摘要 台灣採用國際會計準則後,綜合損益表相較於果去的損益表有重大的變化,本篇論文旨在探討綜合損益表中的其他綜合損益部分,對於財報使用者的影響,包含對於其對於市價的資訊價值、對於公司業主的影響、對於經理人的影響。
本研究採用2012年揭露在財務報表上的資訊以及2013年正式採用國際會計準則後,綜合損益表的資訊,使用上市上櫃公司以及興櫃作為樣本,排除金融業,採用Ohlson Model來衡量其他綜合損益對於市價的關聯性,並用簡單回歸探討公司治理與盈餘管理對於其他綜合損益變動的影響,針對。研究結果發現,在整體樣本中,其他綜合損益對於公司價值有負向的影響,個別的其他綜合損益項目對於公司價值影響也會有所不同,並且在不同的公司治理的情況之下,對於其他綜合損益會有不同的操縱程度,此外,公司經理人對於其他綜合損益的部分,會進行操控,故可以推論,其他綜合損益對於財務報表使用者具有資訊價值。
英文摘要 After comprehensive income (all-inclusive concept) defined in 1980, other comprehensive income (OCI) has become much more important than before. Moreover, after International Financial Reporting Standards (IFRS) adopted in Taiwan and Universe, more and more researches eager to figure out that other comprehensive income is useful and can be a predictive signal of market value for the next period and managers’ behavior. The purpose of this paper is to examine the ability of other comprehensive income’s predicting future market value and whether managers would control other comprehensive income.
In this paper, we collect samples including TSE and OTC from 2012 to 2014 and financial industries are excluded. Our results show that other comprehensive income can be used to predict future firm value and each of the items can also predict future market value. And not all items have negative relationship with market value. Moreover, we find out that in different corporate governance system, other comprehensive income would have different characteristics. Then, we also find out that managers would control other comprehensive income in order to prettify financial statement.
論文目次 目錄
摘要 i
目錄 vii
第一章、緒論 1
第一節 研究背景、動機與介紹 1
第二節 研究架構 5
第三節 研究流程 6
第二章、文獻回顧 7
第一節 其他綜合損益部分 7
第二節 公司治理部分 18
第三節 盈餘管理部分 19
第參章、研究假說及方法 22
第一節 研究假說 22
第二節 研究模型與變數定義 26
第三節 變數定義與衡量 32
第四節 資料來源、樣本期間與樣本選樣 35
第四章、實證結果與分析 37
第一節 樣本敘述性統計 37
第二節 Ohlson模型檢測其他綜合損益對於市價的影響 40
第三節 公司治理對於其他綜合損益變動的影響 44
第四節 管理階層是否操控其他綜合損益進行盈餘管理 46
第五節 增額測試 48
第五章、結論與建議 49
第一節 研究結論與貢獻 49
第二節 研究限制與未來建議 51
第六章、參考文獻 53
參考文獻 一、中文文獻
台灣證券交易所,我國IFRS推動架構說明。
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李淑華與謝佩蓁,2014,強制適用IFRSs轉換期間綜合損益資訊攸關性之研究-以台灣上市櫃公司為例,中華會計學刊,第10卷第2期,第189-247頁。
財務會計準則委員會,財務會計準則公報。
陳怡臻,2014,其他綜合損益之價值攸關性,逢甲大學會計研究所未出版碩士論文。
黃寶玉、倪衍森、柯沂均,2013,台灣電子業公司治理與盈餘管理對公司績效之影響。
傅妤婕,2014,其他綜合損益,本期淨利及權益真實價值,國立成功大學會計研究所未出版碩士論文。
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二、英文文獻
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Choi, Jong-Hag and Zang, Yoonseok. Implications of Comprehensive Income Disclosure for Future Earning and Analysts’ Forecasts’, Seoul Journal of Business, 12 (2): 77-109. 2006.
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Dechow, P. M., and R. G. Sloan. Executive incentives and the horizion problem: An empirical investigation. Journal of Accounting and Economics, 14: 51-89. 1991.
Dechow, Patricia M. Accounting earnings and cash flows as measure of firm performance: The role of accounting accruals. Journal of Accounting & Economocs, 18 (1): 3-42. 1994.
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Deol Harjinder. Analysts’ Earnings Forecasts and Other Comprehensive Income, Mount Royal University. 2013.
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Emrick Craig, Mark Wasden, Robert Young. Moody’s Approach to Other Comprehensive Income Items When Calculating Effective Leverage for Finance Companies. Moody’s Global Credit Research. 2006.
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Hirst, D. Eric; Hopkins, Patrick E. Comprehensive Income Reporting and Analysts’ Valuation Judgments. Journal of Accounting Research, 36 (3):47-75. 1998.
Hunton, J.E., R. Libby and L.M. Mazza. Financial Reporting Transparency and Earnings Management. The Accounting Review 81 (1):135-157. 2006.
JOHN F. O’HANLON and PETER F. POPE. THE VALUE-RELEVANCE OF UK DIRTY SURPLUS ACCOUNTING FLOWS. British Accounting Review 31: 459-482. 1999.
Johnson L. Todd, Reither Cheri L. and Swieringa Robert J. Toward Reporting Comprehensive Income. Accounting Horizons 9 (4): 128-137. 1995.
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Kubota Keiichi, Suda Kazuyki, Takehara Hitoshi. Information Content of Other Comprehensive Income and Net Income: Evidence for Japanese Firms. Asia-Pacific Journal of Accounting and Economics, 18(2). 2009.
Lee Yen-Jung, Petroni Kathy R. and Shen Min. Cherry Picking, Financial Reporting Quality, and Comprehensive Income Reporting Choices: The Case of Property-Liability Insurers. Contemporary Accounting Research, 23 (3) :655-692. 2006.
Maines, Laureen A.; McDaniel, Linda S. Effects of Comprehensive-Income Characteristics on Nonprofessional Investors’ Judgments: The Role of Financial-Statement Presentation Format. Accounting Review, 75 (2):179. 2000.
Ohlson, James A. On transitory earnings. Review of Accounting Studies. 4 (3): 145-162. 1999.
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