臺灣博碩士論文加值系統

本研究旨在探討內部控制品質與公司內部資金配置的關係，多角化公司的高階經理人與部門經理間，存在嚴重的資訊不對稱，造成潛在且嚴重的代理問題，使經理人做內部資源配置決策時，產生扭曲的情況。內部控制的評估報告著重在具體控制以及程序的設計，所以內部控制有效性為內部報表品質的要素，本研究主張內部控制品質不佳會造成內部資訊不對稱，當內部控制存在重大缺失時，會使內部報表發生扭曲的情況，造成內部報表品質低落，經理人如依扭曲的報表進行內部資源配置決策，將導致內部資金配置無效率。本研究以2004年至2014年美國上市公司為研究對象，進行實證研究，結果發現內部控制制度有重大缺失時，會降低內部資金配置效率。

This paper focuses on the relationship between internal control quality and internal capital allocation efficiency in conglomerate firms. The prior literature suggests that accounting information quality affects the information asymmetry in external capital markets. The empirical evidence shows that higher accounting quality leads to more efficient investment. In this study we use internal control quality as a measure of the quality of internal information, and examine whether internal control quality affects internal capital allocation efficiency, using a sample of U.S. conglomerate firms over the period 2004-2014. The empirical results show that internal capital allocation is less efficient for firms with lower internal control quality.

目錄
摘要 I
Abstract II
誌謝 VI
目錄 VII
表目錄 VIII
第一章、緒論 1
第二章、文獻探討 3
第一節、內部控制發展沿革及相關文獻 3
第二節、內部資金配置效率相關文獻 5
第三節、假說發展 6
第三章、研究方法 8
第一節、內部資金配置效率 8
第二節、實證模型設計 11
第三節、資料來源及樣本選取 13
第四章、實證分析 14
第一節、敘述性統計分析及差異性檢定 14
第二節、相關係數 17
第三節、迴歸分析 19
第四節、額外分析 21
第五章、結論 23
參考文獻 24

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