臺灣博碩士論文加值系統

本研究欲探討盈餘管理與權益資金成本之關聯性。主要以2000年至2008年台灣上市公司為研究樣本。本研究實證結果顯示：盈餘管理與權益資金成本呈現正相關，換言之，投資人是理性的，不會被企業所做之盈餘管理愚弄。

This study examines the relationship between earnings management and cost of equity capital. Our samples consist of all public companies listed on the Taiwan Stock Exchange during period 2000-2008. We use OJ model to measure cost of equity capital. The empirical results show that there is a positive relationship between the extent of earnings management and cost of eqity capital. Our findings suggest that. investors are rational and they will not be fooled by companies engagining in earings management.

目 錄
摘要 ................................................. I
ABSTRACT ............................................ II
誌謝 ................................................ III
目 錄 ................................................ IV
圖 目 錄 ............................................. VI
表 目 錄 ..............................................VII
第一章 緒論 ................................................... 1
第一節 研究動機與目的 .................................. 1
第二節 論文架構 ........................................ 3
第二章 文獻回顧與研究假說 ............................... 5
第一節 盈餘管理及其衡量方法 .............................. 5
第二節 盈餘管理及其相關文獻 .............................. 8
第三節 權益資金成本及其相關文獻 ....................... 9
第三章 研究設計 ....................................... 12
第一節 研究模型與變數定義 ............................... 12
第二節 樣本選取與資料來源 ............................... 19
第三節 資料分析方法 .................................... 21
第四章 實證結果與分析 ................................... 22
第一節 敘述性統計分析 ................................... 22
第二節 迴歸分析 ........................................ 28
第五章 研究結論與建議 ................................... 31
第一節 研究結論 ........................................ 31
第二節 研究建議 ........................................ 32
參考文獻 .............................................. 33
圖 目 錄
圖1-1研究流程圖 ........................................ 4
表 目 錄
表3-1複迴歸變數定義表 .................................. 19
表3-2 各產業與年度之樣本資料 ............................ 20
表4-1 樣本公司年度與產業分配表 .......................... 23
表4-2權益資金成本敘述性統計量............................ 25
表4-3 解釋變數之敘述性統計 ............................. 27
表4-4 PEARSON與 SPEARMAN相關係數表 .................... 27
表4-5 權益資金成本與各變數的迴歸分析 ................... 30

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