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系統識別號 U0026-0812200915104493
論文名稱(中文) 會計穩健與公司治理關係之研究:聯立方程式法之應用
論文名稱(英文) A Study of Relationship between Accounting Conservatism and Corporate Governance : An Application of Simultaneous Equation Approach
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 97
學期 2
出版年 98
研究生(中文) 陳建佑
研究生(英文) Chien-You Chen
學號 r1696102
學位類別 碩士
語文別 中文
論文頁數 76頁
口試委員 指導教授-林松宏
口試委員-陳俊男
口試委員-林玲芬
中文關鍵字 聯立方程式  公司治理  穩健原則 
英文關鍵字 Accounting conservatism  Simultaneous equations  Corporate governance 
學科別分類
中文摘要 目前對於穩健原則與公司治理間的因果關係有兩種不同說法,分別為García Lara et al.(2009)認為因穩健原則可以限制經理人投機行為,降低代理問題及訴訟風險,因此有效率的公司治理會視穩健原則為一套可提供可靠會計資訊的機制,也就是認為公司治理會影響公司穩健程度;而Bushman et al.(2004)則認為當公司盈餘及時性偏低時,公司董事會會藉由採行公司治理來做為一套提高會計資訊品質的機制,即認為公司穩健程度會影響公司治理。本文之目的在探討兩項主題 :(1) 利用聯立方程式探討穩健原則與公司治理的關係,究竟是穩健原則影響公司治理或是公司治理影響穩健原則,或是兩者彼此相互影響。(2) 進一步探討公司治理組成因子(董事會規模、公司董事長是否兼任總經理、公司管理者持股比例及大股東持股比例)對公司會計穩健程度的影響。

本文實證結果發現:(1) 穩健原則與公司治理間並非僅具單方面關係,而是彼此間具有正向關係。(2) 除了董事會規模外,董事長是否兼任總經理、經理人持股比例、大股東持股比例等三項因子皆與穩健原則具有顯著正向關係。顯示規模較小的公司若董事長兼任總經理或規模較大公司若董事長不兼任總經理,則會提高公司會計穩健程度。董事會持股比率高則公司會提高公司會計穩健程度;外部監理能力較強則可以有效監督公司並提升公司會計穩健程度。
英文摘要 The recent literatures have two arguments about the causation of accountingconservatism and corporate governance. García Lara et al.(2009) posit that accounting conservatism benefits the user of financial statements by constraining managers’ opportunistic decisions, mitigates agency problems associated with
managerial investment decisions, and reduces litigation costs. Thus, they posit that efficient corporate governance mechanisms will regard conservatism as a desirable property of accounting numbers and will favor its implementation, demanding reliable accounting information. That is, they convince that corporate governance influence accounting conservatism. However, Bushman et al.(2004) document an inverse association between accounting conservatism and corporate governance. They posit that firms that produce accounting information of limited transparency place a higher burden in governance structures to overcome this shortcoming. That is, they believe that accounting conservatism influence corporate governance. The main purpose of this paper is to discuss two topics:(1) use simultaneous equations to analyze the causation of accounting conservatism and corporate governance. (2) analyze the association between corporate governance component ( board size, CEO duality,
managerial ownership and block shareholders’ holding) and accounting conservatism.
Empirical results are summarized as follows:(1) accounting conservatism and corporate governance are mutually influenced and they have positive association with each other. (2) All corporate governance component (CEO duality, managerial ownership and block shareholders’ holding) except board size have positive
association with accounting conservatism. That is, a small firm with their COB the same as their CEO or a large firm with their COB different from their CEO will favor
enforce accounting conservatism. High managerial ownership and high block shareholders’ holding will enhance the effectiveness of monitoring and increase the degree of firm’s accounting conservatism.
論文目次 第一章 緒論 ....................................... 1
第一節 研究動機與目的........................... 1
第二節 論文貢獻................................. 4
第三節 研究流程與論文架構....................... 5
第二章 文獻探討.................................... 7
第一節 穩健原則之基本概念.............................................. 7
第二節 穩健原則應用層面之探討................... 11
第三節 公司治理與穩健原則....................... 19
第三章 研究設計..................................... 26
第一節 研究假說................................. 26
第二節 實證模式與變數定義........................30
第三節 資料來源與樣本選取........................37
第四章 實證結果與分析............................... 38
第一節 公司治理與穩健原則相互影響之實證結果..... 38
第二節 公司治理組成因子與穩健原則之實證結果..... 46
第三節 敏感性分析............................... 51
第五章 結論與建議 .................................. 55
第一節 研究結果................................. 59
第二節 研究限制及建議........................... 62
附錄 ............................................... 63
參考文獻 ........................................... 66
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