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研究生:陳融廷
研究生(外文):Jung-ting Chen
論文名稱:家族企業與盈餘管理
論文名稱(外文):Family Firms and Earnings Management
指導教授:曹壽民曹壽民引用關係鄭漢鐔
指導教授(外文):Shou-min TsaoHann-tarn Jeng
學位類別:碩士
校院名稱:國立中央大學
系所名稱:會計學研究所
學門:商業及管理學門
學類:會計學類
論文出版年:2011
畢業學年度:99
語文別:中文
論文頁數:46
中文關鍵詞:家族企業盈餘管理應計項目操縱真實營業活動操縱
外文關鍵詞:Accruals manipulationReal activities manipulationFamily firmsEarnings management
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本研究旨在探討管理者是否會操縱真實營業活動以避免公司盈餘數字呈現虧損。本研究亦比較家族與非家族企業管理者跨越盈餘門檻所採用之盈餘管理方式(真實營業活動或應計項目之盈餘管理)。本研究以台灣上市櫃公司為樣本,實證結果顯示管理者確實會為了避免報導虧損而操縱真實營業活動。此外,本研究亦發現真實營業活動與應計項目之盈餘管理兩者間存在替代關係。尤其,報導小額盈餘的公司中,家族企業採用較多的應計項目盈餘管理,較不願意操縱真實營業活動;然而,非家族企業操縱較多真實營業活動部分,而較少對應計項目進行盈餘管理。
This study investigates whether managers engage in manipulating real activities to avoid small losses. I also compare the earnings management mechanisms (i.e., real activity manipulation and accrual management) by which managers use to avoid small losses across family firms and nonfamily firms. Using a sample of Taiwan’s listed firms, I provide evidence that managers manipulate real activities to avoid small losses. In addition, I find that firms use real and accrual manipulations as substitutes in managing earnings. In particular, for firms just reporting small profits, family firms use more accruals and less real earnings management; however, nonfamily firms use less accruals and more real earnings management.
中文摘要 i
英文摘要 ii
誌謝 iii
目錄 iv
表目錄 v
一、緒論 1
1-1 研究動機與目的 1
1-2 全文架構 2
二、文獻回顧與假說發展 3
2-1 盈餘管理與盈餘門檻的相關文獻 3
2-2 盈餘管理工具選擇 5
2-3 家族企業與盈餘品質的相關文獻 7
三、研究假說 11
3-1可疑觀察值公司操弄真實營業活動以達到盈餘門檻之情形 11
3-2 可疑觀察值中,家族企業與非家族企業之盈餘管理方法選擇 11
四、研究方法 13
4-1 資料來源、處理與研究期間 13
4-2 可疑觀察值(suspect firm-year)的選取 13
4-3 實證模型與變數衡量方法 14
五、實證結果 22
5-1可疑觀察值公司操弄真實營業活動以達到盈餘門檻之情形 22
5-2可疑觀察值盈餘管理方式之選用 25
5-3 額外測試 32
六、結論與建議 34
6-1 結論 34
6-2 研究限制與後續研究建議 35
參考文獻 36
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