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系統識別號 U0026-2507201216191800
論文名稱(中文) 會計師產業專家與信用評等:事務所階層與合夥人階層分析
論文名稱(英文) Auditor Industry Expertise and Credit Rating:A Firm Level and Individual Auditor Level Analysis
校院名稱 成功大學
系所名稱(中) 財務金融研究所
系所名稱(英) Graduate Institute of Finance & Banking
學年度 100
學期 2
出版年 101
研究生(中文) 黃鈺絜
研究生(英文) Yu-Jie Huang
學號 r86991195
學位類別 碩士
語文別 英文
論文頁數 45頁
口試委員 指導教授-邱正仁
指導教授-黃華瑋
口試委員-陳政芳
口試委員-周庭楷
中文關鍵字 產業專家  信用評等  事務所階層  合夥人階層 
英文關鍵字 Industry Specialization  Credit rating  Firm Level  Partner Level 
學科別分類
中文摘要 本研究主要是在檢查事務所階層與合夥人階層產業專家是否可以提高審計品質、財報品質與降低公司的資訊風險,使得公司信用評等更高,進可能降低公司負債資金成本。過去文獻 Li et al. (2010)對於產業專家與負債資金成本之研究僅以會計師事務所為產業專家之衡量標的,本研究進一步分析合夥人產業專家與受查者負債資金成本之關聯。我們發現當公司雇用之查核事務所或合夥人為產業專家時,皆可以得到較高的信用評等。我們也發現不管是雇用男性合夥人產業專家或者是女性合夥人產業專家,皆能提升公司審計品質,進而使得公司信用評等更高。
英文摘要 In this study, we examine the association between credit rating and an auditor’s industry expertise by using Taiwanese data. In light of previous studies (e.g., Li et al. 2010) examining only the relation between industry specialization and cost of debt at only the audit firm level in western countries, we further examine the association between industry specialization and cost of debt at the individual auditor level. The results indicate that the clients of industry specialists at the firm level or partner level have a higher credit rating. We also find that both male and female partner specialists are able to enhance the company's audit quality, thus resulting in a higher credit rating.
論文目次 一、Introduction 1
二、Literature Review and Hypothesis Development 3
2.1 Auditor Industry Specialization and Audit Quality 3
2.2 Audit quality and Cost of debt 6
2.3 Individual Auditor Level 7
2.4 Auditor Industry Specialization by Partner Gender 9
三、Methodology and Data Selection 10
3.1 Taiwan Data Acquisition and Uniqueness 10
3.2 Taiwan Corporate Credit Rating Index (TCRI) 10
3.3 Measuring Industry Specialization 11
3.4 Control Variables Selection 12
3.4.1 TENURE 12
3.4.2 BANKDEBT 12
3.4.3 FIRMAGE 12
3.4.4 O_SCORE 13
3.4.5 Fama and French risk factors 13
3.4.6 SIZE 14
3.4.7 LEVERAGE 14
3.4.8 PROFITABILITY 14
3.4.9 CFO 15
3.4.10 StdROA 15
3.4.11 TIMES 15
3.4.12 RND 16
3.4.13 StdRET 16
3.4.14 BM 16
3.4.15 Hold_D, Hold_S, Seat_D, Seat_S 17
3.5 Research Models 17
四、Empirical Results 18
4.1 Descriptive Statistics 18
4.2 Regression Results 20
4.3 Additional Tests 22
五、Conclusions 23
六、Appendix 24
6.1 TCRI Introduction 24
6.1.1 TCRI Range of Application 24
6.1.2 Measuring TCRI 24
6.1.3 Meaning of TCRI Level 25
6.1.4 TCRI Mapping 26
6.2 Table 27
Reference 41
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