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系統識別號 U0026-2101201918025600
論文名稱(中文) 財務報表重編之區域性汙染效果
論文名稱(英文) The Local Contagion Effects of Accounting Restatements
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 107
學期 1
出版年 108
研究生(中文) 陳嘉貞
研究生(英文) Chia-Chen Chen
學號 R16064091
學位類別 碩士
語文別 中文
論文頁數 24頁
口試委員 指導教授-周庭楷
口試委員-張紹基
口試委員-謝喻婷
中文關鍵字 區域性汙染效果  會計品質  財務報表重編 
英文關鍵字 Contagion Effect  Accounting Restatement  Accounting Quality 
學科別分類
中文摘要 過去研究已經證實同產業公司之財務報表重編會造成汙染效果,重編激
起投資人對於會計品質的疑慮,進而修正對公司的評價,使得非重編公司股
價一併下跌,本研究將此概念套用至鄰近地區,探討財務報表重編之區域性
股價汙染效果,檢視公司宣告重編,鄰近地區之非重編公司股價是否會受影
響而下跌,結果顯示公司宣告重編確實影響鄰近公司股價下跌。此外,橫斷
面測試之結果顯示,與重編公司距離越近的公司或會計品質越低落的非重編
公司,股價下跌的幅度更大。當地市場壓力越大,公司選擇的會計方法會更
激進,而股價下跌的幅度也越大,這些結果都加強證實鄰近公司存在污染效
果。
英文摘要 This study examines whether there are local contagion effects of negative market reactions
using 2,383 accounting restatements announced during the years 2000-2018. The results
indicate that non-restating geographic peer firms experience market share price declines. We
also find that the magnitude of the contagion effects is negatively related to the distance
between restating firms and non-restating firms, where non-restating firms that are closer to
restating firms experience a larger negative market reaction. Moreover, accounting quality
and capital market pressure are also associated with the decline in share prices. Non-restating
firms with higher discretionary accruals and greater market pressure have a larger negative
market reaction. To summarize, these results provide some evidence for the existence of
local contagion effects.
論文目次 第一章緒論 .............................................................................................................. 1
第二章文獻回顧與假說建立 .................................................................................. 3
第一節 文獻回顧 ............................................................................................... 3
第二節 假說 ....................................................................................................... 6
第三章研究設計 ...................................................................................................... 9
第一節 同地區(MSA)公司之辨認 ................................................................... 9
第二節 研究方法 ............................................................................................... 9
第三節 樣本篩選 ............................................................................................. 12
第四章實證結果 .................................................................................................... 12
第一節 統計檢定結果 ..................................................................................... 12
第二節 敘述性統計 ......................................................................................... 13
第三節 迴歸結果 ............................................................................................. 14
第四節 額外測試 ............................................................................................. 17
第五章結論與建議 ................................................................................................ 19
第六章參考文獻 .................................................................................................... 21
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