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系統識別號 U0026-0812200911531102
論文名稱(中文) 公司治理特性與盈餘管理之關聯性研究-以IPO公司為例
論文名稱(英文) A Study On The Relationships Between Corporate Governance Characteristics and Earnings Management:IPO Firms
校院名稱 成功大學
系所名稱(中) 會計學系碩博士班
系所名稱(英) Department of Accountancy
學年度 94
學期 2
出版年 95
研究生(中文) 沈毓玲
研究生(英文) Yu-Ling Shen
學號 r1693113
學位類別 碩士
語文別 中文
論文頁數 70頁
口試委員 口試委員-張福星
指導教授-陳耀宗
口試委員-王萬成
中文關鍵字 裁決性應計項目  公司治理  盈餘管理 
英文關鍵字 abnormal accruals  corporate governance  earnings management 
學科別分類
中文摘要 摘要
隨著我國資本市場之蓬勃發展,當公司面臨資金需求時,至公開市場上發行股票募集大眾資金已為常態。過去文獻之實證結果多已明確發現,IPO公司會於公開發行前採取操縱盈餘向上之手段,但對於IPO公司之公司治理特性對其盈餘管理之影響方面之研究仍屬少見,故本研究乃從此處著手,探討公司治理特性中之董監事獨立性、董事會規模、董監事持股及股權結構方面之機構投資人、經理人持股及第二大股東之制衡效果,來分析其對IPO公司盈餘管理行為之影響。
研究結果發現,董事會規模與管理當局之盈餘管理行為呈現顯著負相關,而與經理人之持股呈顯著正相關,即董事會規模愈大,愈能抑制公司向上操縱盈餘之行為,而經理人持股比例愈高,反而助長管理當局從事向上之盈餘管理。除此之外,在本研究之額外測試中,另將裁決性應計項目分為正、負樣本,但結果並未能證實公司治理特性在正負樣本下是否具對稱情況。




英文摘要 ABSTRACT

With the flourishing development of the capital market of our country, when face the demand of the fund in the company, it has already been common ways to issue stocks and raise masses' fund to the open market. The result of study in the past has already been found clearly, IPO firms will engage in income increasing earnings management. But it is still rare that a study investigates the relationship between corporate governance characterastics and earnings management on the IPO firms. So this study examines whether the IPO firms’ corporate governance characteristics have an effect on the IPO firms’ earnings management.
For the whole sample, the empirical results are as follows:
1.The size of the board is significant negative with corporate earnings management at 5% significance level.
2.The shareholding level of the manager is significant positive with corporate earnings management at 10% significance level.
Additional tests reveal that there is no enough evidence to prove the relationship between corporate governance characteristics and earnings management exhibits asymmetry on both income-increasing and income-decreasing earnings management.




論文目次 目錄
誌謝 i
中文摘要 ii
英文摘要 iii
目錄 v
表目錄 vi
圖目錄 vii
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 研究架構與流程 4
第二章 文獻探討 6
第一節 公司治理 6
第二節 盈餘管理 15
第三節 公司治理特性與盈餘管理 23
第三章 研究設計與方法 30
第一節 研究設計 30
第二節 研究假說 31
第三節 實證模型與變數衡量 35
第四節 研究期間、資料來源與樣本選取 40
第五節 分析方法 42
第四章 實證結果與分析 44
第一節 樣本資料分析 44
第二節 總樣本分析 46
第三節 實證結果分析 49
第四節 額外測試 53
第五章 結論與建議 61
第一節 結論 61
第二節 研究限制 63
第三節 未來研究之建議 64
參考文獻 65
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