臺灣博碩士論文加值系統

自2006年證券交易法將審計委員會設置納入法律規範以來，金融監督管理委員會採取漸進式方式逐年擴大獨立董事及審計委員會之強制設置，並於2022年底涵蓋所有上市(櫃)公司。本研究欲探討於政府政策推行強制設置下，審計委員會設置性質不同是否產生審計委員會品質、企業價值及公司績效上之落差，以瞭解制度下審計委員會實際運作情形及影響性。
本文以2010至2017年台灣上市(櫃)公司為研究對象，探討審計委員會設置性質之不同對審計委員會品質、企業價值及公司績效之影響。實證結果發現，自願性設置審計委員會之公司相較於強制設置者有較高之審計委員會品質。此外，實證結果亦顯示審計委員會設置性質之不同對企業價值及公司績效有不同之影響。自願性設置審計委員會之公司除有較高之審計委員會品質外，其企業價值亦較高；而非自願性設置(強制設置)者則審計委員會設置對企業價值有顯著負向之影響。在公司績效上，實證研究有不同於企業價值之研究結果。於未區分審計委員會設置性質下，審計委員會設置對公司績效有負向顯著之影響。在區分審計委員會設置性質下，審計委員會自願性設置有較小之負向影響；而強制設置者則其設置有較顯著之負向影響。

Since Securites and Exchange Act involed the formation of audit committee in 2006, the Financial Supervisory Commission in Taiwan have expanded the scope of regulations on establishments of audit committee. Based on the enlarging scope of regulations, extended to all listed companies by 2022, and the increasing attentions on audit committee, this study attempts to examine whether differences exist on the quality of audit committees who established it voluntarily or not, and connects the different formation of audit committee to their impacts on firm value and corporation performance.
Using listed companies in Taiwan as the sample from 2010 to 2017, this research is aimed at finding relationship among the different formations of audit committee and their influences. The empirical results indicate that the audit committee of companies voluntarily adopting it have higher qualities. Besides, these audit committees have significantly positive effects on their firm value. However, the audit committee of companies unvoluntarily formed it haves significantly negative effects. Otherwise, the results show that the formation of audit committee has significantly negative effect on corporation performance. By dividing the formations of audit committees, the results indicate that the voluntary formation may reduce its negative effects and the unvoluntary foarmation may aggravate the effects.

第一章　緒論 1
第一節　研究動機與目的 1
第二節　研究議題 3
第三節　研究架構 4
第二章　我國審計委員會制度之沿革及文獻探討 5
第一節　我國審計委員會制度之發展沿革 5
第二節　審計委員會品質相關文獻探討 8
第三節　審計委員會與企業價值及公司績效相關文獻探討 11
第三章　研究方法 13
第一節　研究假說 13
第二節　實證模型與變數衡量 14
第三節　研究樣本與資料來源 24
第四章　實證結果與分析 27
第一節　審計委員會自願性設置與審計委員會品質之關聯性 27
第二節　審計委員會自願性設置與公司績效及企業價值之關聯性 35
第五章　結論及建議 51
第一節　研究結論 51
第二節　研究限制 54
第三節　研究建議 54
參考文獻 55

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