系統識別號 U0026-1605201714021900
論文名稱(中文) 審計委員會、連結性與盈餘品質的關聯性
論文名稱(英文) The Association Between Audit Committee, Interlocking and Earnings Quality
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 105
學期 2
出版年 106
研究生(中文) 白蕢至
研究生(英文) Kuei-Chih Pai
學號 R16041140
學位類別 碩士
語文別 中文
論文頁數 45頁
口試委員 指導教授-林囿成
中文關鍵字 審計委員會  連結性  連結性傳遞效果  盈餘品質 
英文關鍵字 Audit committee  Interlocking  Contagion effects  Earnings quality 
中文摘要   本研究以2014-2015年台灣上市上櫃公司為研究樣本,主要探討審計委員會的設立、審計委員會的連結性(Audit Committee Interlocking)與審計委員會連結的傳遞效果(Contagion Effects)對公司盈餘品質的影響。本研究為台灣推動公司治理的方向提供了一些實證上的證據。
英文摘要   We test the relationship between earnings quality and audit committee interlocking. First, our empirical result shows that audit committee can improves earnings quality significantly no matter it was established voluntarily or mandatorily. Then we find that firms which were interlocked by their audit committee (or interlocked by member of audit committee who is financial/accounting expertise) are most likely to manage earnings, but there is no significant association with earnings quality when they have director interlocking or independent director interlocking. Furthermore, the result shows that the strength of director interlocking, the strength of independent director interlocking, and the strength of audit committee interlocking impair earnings quality. Finally, we investigate whether earnings management spreads between firms via audit committee interlocking, and the result shows that “information accepted firm” is less likely to manage earnings when it’s audit committee members got a high score from “information sending firm” which had high quality of earnings in previous period.
  Our findings support the view that audit committee is the most important position in monitoring firms’ financial reports. We provide evidence to prove that the direction of the reform of Taiwan’s corporate governance is correct. We also show the reason why Financial Supervisory Commission ask no independent director of a public company may concurrently serve as an independent director of more than three other public companies.
論文目次 第一章 前言 1
第一節 研究背景與動機 1
第二節 研究目的 4
第二章 文獻回顧與假說發展 5
第一節 審計委員會與盈餘品質 5
第二節 董事連結性與盈餘品質 8
第三節 審計委員會連結性與盈餘品質 9
第四節 連結性對盈餘品質的傳遞效果 12
第三章 研究設計 13
第一節 樣本選取 13
第二節 盈餘品質的衡量 13
第三節 主要變數的衡量 15
第四節 控制變數 18
第五節 模型建立 18
第四章 實證結果與分析 22
第一節 敘述性統計 22
第二節 相關性分析 24
第三節 迴歸分析結果 28
第四節 額外測試 35
第五章 結論與建議 36
第一節 結論 36
第二節 研究限制與建議 37
參考文獻 39
參考文獻 葉銀華與林志豪,(2014),上市櫃公司要設置審計委員會? 審計委員會與盈餘管理之研究,輔仁管理評論,第二十一卷第三期:1-22

Abboot, L. J., S. Parker, and G. F. Peters. (2004). Audit Committee Characteristics and Restatements. Auditing: A Journal of Practice & Theory 23 (1) :69-87.

Bartov, E., F. A. Gul, and J. S. L. Tsui. (2000). Discretionary-accruals models and audit qualifications. Journal of Accounting and Economics 30 (3): 421-452.

Becker, C., M. DeFond, J. Jiambalvo, and K. Subramanyam. (1998). The effect of audit quality on earning management. Contemporary Accounting Research 15: 1-24.

Bedard, J., S. M. Chtourou, and L. Couteau. (2004). The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory 23 (2) : 13-35.

Brown, J. L. (2011). The spread of aggressive corporate tax reporting: A detailed examination of thecorporate-owned life insurance shelter. The Accounting Review 86 (1): 23-57.

Cai, Y., D. S. Dhaliwal, Y. Kim, and C. Pan. (2014). Board Interlocks and the Diffusion of Disclosure Policy. Review of Accounting Studies 19 (3): 1086-1119.

Carcello, J. V., and T. L. Neal, (2003), Audit Committee Characteristics and Auditor Dismissals Following New Going-Concern Audit Reports. The Accounting Review 78:

Chen, J. F., Y. Y. Chou, , R. R. Duh, , and Y. C. Lin, (2014). Audit Committee Director-Auditor Interlocking and Perceptions of Earnings Quality. AUDITING: A Journal of Practice & Theory 33(4): 41-70.

Chiu, P. C., S. H. Teoh, and F. Tian. (2013). Board Interlocks and Earnings Management Contagion. The Accounting Review 88 (3): 915-944.

Davis, G. F. (1991). Agents without principles? The spread of the poison pill through the intercorporate network. Administrative Science Quarterly 36 (4): 583-613.

Davis, G. F. (1996). The significance of board interlocks for corporate governance. Corporate Governance 4 (3): 154-159.

Dechow, P. M., R. G. Sloan, and A. P. Sweeney. (1995). Detecing Earnings Management. The Accounting Review 70: 193-226.

Dechow, P., W. Ge, and C. Schrand. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50 (2-3): 344-401.

Dharwadkar, R., D. G. Harris, L. Shi, and N. Zhou. (2016). Audit Committee Interlocks and the Contagion of Accrual-Based and Real Earnings Management. Working Paper, (February 10), (accessed January 29, 2016), Available at SSRN: https://ssrn.com/abstract=2729855

Fan, Y. (2015). Audit Committee-Auditor Interlocking, Auditor Turnover and Audit Quality. University of Pittsburgh, Working Paper, Available at http://econ.hunter.cuny.edu/wp-content/uploads/2015/11/seminar-fan.pdf

Ferris, S. P., M. Jagannathan, and A.C. Pritchard. (2003). Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments. The Journal of Finance 58 (3): 1087-1111.

Fich, E. M., and A. Shivdasani. (2006). Are busy boards effective monitors? Journal of Finance 61: 689–724.

Francis, J., E. Maydew, and H. C. Sparks. (1999). The role of big 6 auditors in the credible reporting of accruals. Auditing: A Journal of Practice and Theory 18: 17-34.

Frankel, R., M. Johnson, and K. Nelson. (2002). The relation between auditor’s fees for nonaudit services and earnings management. The Accounting Review 77: 71-105.

Ghosh, A., A. Marra, and D. Moon. (2010), Corporate Boards, Audit Committees, and Earnings Management: Pre- and Post-SOX Evidence, Journal of Business Finance & Accounting 37 (9) & (10): 1145–1176.

Haunschild, P. R. (1993), Interorganizational Imitation: The Impact of Interlocks on Corporate Acquisition Activity, Administrative Science Quarterly 38 (4): 564-592

Hossain, S., G. S. Monroe, M. Wilson, and C. Jubb. (2016). The Effect of Networked Clients’ Economic Importance on Audit Quality. AUDITING: A Journal of Practice & Theory 35 (4): 79-103.

Jackson, L., D. Robinson, and S. W. Shelton, (2009). The association between audit committee characteristics, the contracting process and fraudulent financial reporting. American Journal of Business 24 (1): 57-65.

Javanshirinejad Z., and M. Aghabeigi. (2016). Examining the Effect of Interlocked Director Board on Disclosure Level and the Quality of Earnings among the Firms Listed In Tehran Stock Exchanges. International Research Journal of Applied and Basic Sciences 10 (3): 276-283.

Klein, A., (2002), Economic Determinants of Audit Committee Independence. The Accounting Review 77: 435-453.

Kothari, S. P. , A.J. Leone, , and C.E. Wasley (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics 39: 163-197.

Krishnan, J. (2005). Audit committee quality and internal control : an empirical analysis. The Accounting Review 80: 649-675.

Lee, C., L. Li, , and H. Yue, (2006). Performance, growth and earnings management. Review of Accounting Studies 11: 305-334.

Lipton, M., and J. W. Lorsch. (1992). A Modest Proposal for Improved Corporate Governance. The Business Lawyer 48: 59-77.

Loderer, C., and U.Peyer, (2002). Board overlap, seat accumulation and share prices’. European Financial Management 8: 165-192.

Martin, G., R. Gözübüyük, and M. Becerra. (2015). Interlocks and firm performance: the role of uncertainty in the directorate interlock-performance relationship. Strategic Management Journal 36 (2): 235-253

Mindzak, J. (2013). Interlocked Boards of Directors, Voluntary Disclosures and Earnings Quality. Working Paper, (March 25), (accessed February 2013), Available at SSRN:

Mizruchi, M. (1996). What do interlocks do? An analysis, critique, and assessment of research on interlocking directorates. Annual Review of Sociology 22: 271-298.

Press, E., and J. Weintrop. (1990). Agents without principles constraints in public and privatedebt agreements: their association with leverage and impact on accounting choice. Journal of Accounting and Economics 12: 65-95.

Ribeiro, F., and R. D. Colauto (2016). The Relationship Between Board Interlocking and Income Smoothing Practices. Revista Contabilidade & Finanças 27, Retrieved Mar 01, 2016, from http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772016000100055

Sarkar, J., and S. Sarkar. (2009). Multiple Board Appointments and Firm Performance in Emerging Economies: Evidence from India. Pacific-Basin Finance Journal 17: 271-293.

Shi, L. , R. Dharwadkar, and D. Harri, (2013). Board Interlocks and Earnings Quality. State University of New York, and Syracuse University, Working paper, Available at http://www1.american.edu/academic.depts/ksb/finance_realestate/mrobe/Seminar/dharwakar.pdf

Xie, W.N. Davidson, and P.J. DaDalt. (2003). Earnings management and corporate governance: the roles of the board and the audit committee. Journal of Corporate Finance 9: 295-316.

Yang, J. S., and J. Krishnan. (2005). Audit committees and quarterly earnings management. International Journal of Auditing 9 (3): 201-19.
  • 同意授權校內瀏覽/列印電子全文服務,於2019-05-01起公開。
  • 同意授權校外瀏覽/列印電子全文服務,於2019-05-01起公開。

  • 如您有疑問,請聯絡圖書館