(3.235.108.188) 您好!臺灣時間:2021/02/25 08:21
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果

詳目顯示:::

我願授權國圖
: 
twitterline
研究生:游輝城
研究生(外文):Hui-Cheng Yu
論文名稱:高階管理團隊異動與財務報表重編之研究
論文名稱(外文):Top Management Team Turnover and Financial Statements Restatements
指導教授:江向才江向才引用關係
指導教授(外文):Hsiang-Tsai Chiang
學位類別:碩士
校院名稱:逢甲大學
系所名稱:會計所
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2007
畢業學年度:95
語文別:中文
論文頁數:45
中文關鍵詞:高階管理團隊公司治理機制財務報表重編
外文關鍵詞:top management team turnoverrestatementscorporate governance mechanisms
相關次數:
  • 被引用被引用:9
  • 點閱點閱:205
  • 評分評分:系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔
  • 下載下載:0
  • 收藏至我的研究室書目清單書目收藏:2
本研究主要在探討高階管理團隊異動與財務報表重編之間的關聯性。以台灣上市公司為研究樣本,藉由探討高階管理團隊異動,來檢視財務報表品質之良窳(有無重編/重編原因與次數)。本研究先以logit regression驗證異動與有無重編之間關聯性,其結果顯示總經理和會計主管異動與有無重編為顯著的。並再將財務報表重編原因與次數,以ordinal regression進行驗證。而至於重編原因,則依據相關規範並參酌Bonner et al. (1998)將財務報表舞弊之型態區分為12種,將其重編原因區分成︰(1)損益表項目、(2)流動資產或負債科目、(3)長期資產或負債科目及(4)其他。其實證結果分別顯示為︰高階管理團隊異動與重編原因為正向顯著關係,而於重編次數則不顯著。

依上述之結果,當財務報表發生重編即表示該財務報表有重大性錯誤,高階管理團隊就應為此不實財務報導承擔起責任,既為更換。
In this paper that top management team turnover and financial statements restatements. First, we are to measured association between top manager turnover and the restatements by logit regression. We find significant association that CEO and CFO with restatements. Second, that will divides into the restatements reason area (1) income statement items; (2) current assets or liabilities; (3) long-term assets or liabilities; (4) other to used by Bonner et al. (1998) and in accordance with GAAP, that measure the restatements reason and times with top manager turnover by ordinal regression. We find significant association that the top management team turnover and financial statements restatements reason, but insignificant different with restatements times.

On above description result, show material mistake that as announcements for restating firms. The top management team should bear responsibility for this not fair financial report, that is turnover.
中文摘要 I
英文摘要 II
目 錄 III
圖 表 目 錄 V
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的與問題 6
第三節 論文流程 7
第四節 論文架構 8
第二章 文獻探討與假說發展 9
第一節 高階管理團隊異動 9
第二節 財務報表重編 11
第三節 公司治理機制 13
一、公司治理之意函 13
二、董事會職能與結構 14
三、監察人或審計委員會監督能力 14
四、資訊揭露和透明度 15
五、其他治理機制 15
第四節 相關文獻 16
一、經理人異動與財務報表重編 16
二、公司治理機制與財務表重編 18
第三章 研究方法 20
第一節 資料來源及研究架構 20
第二節 變數定義與衡量方式 22
一、依變數 22
二、預測變數 22
三、公司治理環境控制變數 23
第三節 實證方法 26
一、敘述性統計 26
二、相關性分析 26
三、樣本差異性t檢定與Mann-Whitney U(M-WU)檢定 27
四、邏輯斯迴歸分析與次序邏輯斯迴歸分析 27
第四章 實證結果與分析 30
第一節 敘述性統計分析 30
一、敘述性統計 30
二、相關係數分析 32
第二節 差異性分析與M-W U檢定 33
第三節 邏輯斯迴歸與次序邏輯斯迴歸分析 35
第五章 結論與建議 39
一、結論 39
二、貢獻與建議 40
參考文獻 41


圖 表 目 錄
圖一 研究流程圖 7
圖二 研究架構圖 21

表 1 敘述性統計量彙整表 31
表 2 Pearson 相關係數矩陣 32
表 3 差異性檢定 33
表 4 Mann-Whitney U檢定 34
表 5 二元變項邏輯斯迴歸模型實證分析 36
表 6 重編次數與原因敘述性統計量彙整表 38
表 7 次序邏輯斯迴歸模型實證分析 38
1王濟川和郭志剛,2003,Logistic迴歸模型-方法及應用,五南圖書出版。
2葉銀華、李存修和柯承恩,2002,公司治理與評等系統,台北,商智文化事業
股份有限公司。
3薛明玲和蔡朝安,2003,從資訊揭露看公司治理,月旦法學第96期,頁335-343。
4 Abbott, L. J., Parker, S., & Peters, G. F. 2004. Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory 23 (1):pp. 69-87.
5 Agrawal, A., J. Jaffe, & J. Karpoff. 1999. Management Turnover and Governance Changes Following the Revelation of Fraud. Journal of Law and Economics 42 (April): pp.309-342.
6 & S. Chadha. 2005. Corporate governance and accounting scandals. Journal of Law and Economics (forthcoming).
7 Aier, J. K., J. Comprix, M. T. Gunlock, & D. Lee, 2005. The financial expertise of CFOs and Accounting restatements. Accounting Horizons 19(3): pp.123-135.
8 Ajinkya, B., S. Bhojraj, & P. R. Sengupta. 2005. The Association between Outside Directors, Institutional Investors and the Properties of Management Earnings Forecasts. Journal of Accounting Research. 43(3): pp.343-376.
9 Amihud, Y., J. Y. Kamin, & J. Ronen, 1983. Managerialism, ownerism and risk. Journal of Banking and Finance 7: pp.189-196.
10 Arthaud-Day, M. L., S. T. Certo, C. M. Dalton., & D. R. Dalton. 2006. A changing of the guard: Executive and director turnover following corporate financial restatements. Academy of Management Journal 49(6): pp.1119-1136.
11 Beneish, B. D. 1999. Incentives and penalties related to earnings overstatements that violate GAAP. The Accounting Review 74 (October): pp. 425-457.
12 Bonner, S. E., Palmrose, Z-V., & Young, S. M. 1998. Fraud type and auditor litigation: An analysis of SEC accounting and auditing enforcement releases. The Accounting Review 73(4): pp.503-532.
13 Bushman, R. & A. Smith, 2001, Financial Accounting Information and Corporate Governance. Journal of Accounting and Economics, (32): pp.237-335.
14 Carcello J. & Neal T. 2003. Audit Committee Independence and Disclosure: choice for financially distressed firms. Corporate Governance: An International Review 11(4):pp. 289.
15 Cannella, A. A., Fraser, D. R., Lee, D. S., & Semadeni, M. B. 2002. Fight or flight: Managing stigma in executive careers. Paper presented at the annual meeting of the Academy of Management, Denver, CO.
16 Core, J. E., R. W. Holthausen, & D. F. Larcker. 1999. Corporate Governance, Chief Officer Compensation, and Firm Performance. Journal of Financial Economics. 51(3): pp.371-406.
17 Dahay, J., J. J. McConnell, & N. G. Travlos, 2002. The Cadbury committee, corporate performance, and top management turnover. Journal of Finance 1: pp.1-16.
18 DeFond, M. 1992 The association between changes in client firm agency costs and auditor switching. Auditing: A Journal of Practice & Theory 11 (Spring): pp.16-31.
19 , & M. Jiambalvo. 1994. Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics (17): pp.145-176.
20 DeMaris, A. 1992. Logit modeling. Newbury Park, CA: Sage publications.
21 Desai H., C.E. Hogan, & M.S.Wilkins. 2006. The reputational penalty for aggressive accounting: Earnings restatements and management turnover. The Accounting Review 81(1): pp. 83-112.
22 Engel, E., R. M. Hayes, & X. Wang, 2003. CEO Turnover and Properties of
Accounting Information. Journal of Accounting and Economics 36:
pp.197-226.
23 Gilson, S. C. 1989. Management turnover and financial distress. Journal of Financial Economics 25(2): pp.241–262.
24 , & M. R. Vetsuypens. 1993. CEO compensation in financially distressed firms: An empirical analysis. Journal of Finance 48 (May): pp.425–458.
25 Huson, M. R., P. H. Malatesta & P. Parrino, 2004. Managerial succession and firm performance. Journal of financial Economics 74: pp.237-275.
26 Jensen, M. C. & W. H. Meckling. 1976. Theory of the firm: managerial behavior, agency cost and ownership structure. Journal of Financial Economics( 3): pp.305-360.
27 Jensen, M. C. & Murphy, K. J. 1990. Performance pay and top-management
ncentives. Journal of Political economy (98): pp.225-264.
28 John, K. & L. W. Senbet, 1998. Corporate Governance and Board Effec-tiveness, Journal of Banking and Finance (22): pp.371-403.
29 Kedia, S. 2003. Do Executives Stock Options Generate Incentives for Earnings Management? Evidence from Accounting Restatements. Working paper, Harvard University.
30 Kinney, W R. Jr. & L. S. McDaniel, 1989. Characteristics of firms correcting previously reported quarterly earnings. Journal of Accounting and Economics 11: pp.71-93.
31 Klein, A. 1998. Firm performance and board committee structure. Journal of Law and Economics (41): pp.275-303.
32 Livingston J.G. 1997. Management-Born Costs of Fraudulent Reporting. Working Paper, Univeristy of Rochester.
33 Martin, K. J. & J. J. Mcconnell, 1991. Corporate performance, corporate takeovers, and management turnover. Journal of Finance 2: pp.671-687.
34 Meyer, P.& Richey, L. R. 1991. Recruiting and Rewarding Directors in the 1990s.
Compensation and Benefits Management (6): pp.78-80.
35 Nelson, M. W., J. A. Elliott & R. L. Tarpley. 2002. Evidence from auditors
about managers’ and auditors’ earnings management decisions. The
Accounting Review 77 (Supplement): pp.175-202.
36 Palmrose, Z-V., 1988, An analysis of auditor litigation and audit service quality. The Accounting Review 63(1): pp.55-73.
37 ________, V. J. Richardson, & S. Scholz, 2004. Determinants of market reactions to restatement announcements. Journal of Accounting and Economics 37(1): pp.59-89.
38 Patton, A. & Baker, J. C. 1987. Why won’t directors rock the boat. Harvar Business Review. pp.10-18.
39 Raghunandan, K., Read, W. & Rama, d. 2001. Audit Committee Composition, "Gray Directors," and Interaction with Internal Auditing. Accounting Horizon 15(2), 105-118.
40 Richardson, S., Y. Tuna, & M. Wu. 2002. Predicting earnings management: The case of earnings restatements. Working paper, University of Pennsylvania.
41 Shliefer, A. and R. Vishny, 1997. “A survey of Corporate Governance.” Journal of Financial, 52: pp737-783.
42 Skinner, D.J., 1997. Earnings disclosures and stockholder lawsuits. Journal of Accounting & Economics 23: pp.249–282.
43 Sletten, E. 2004. Executive turnover following financial statements restatements. Working paper, Kellogg School of Management Northwestern University.
44 Stearns, L. B., & M. S. Mizruchi. 1993. Board composition and corporate financing: the impact of financial institution representation on borrowing. Academy of Management Journal 36( 3): pp.603-618.
45 Weisbach, S. M. 1988. Outside directors and CEO turnover. Journal of Financial Economics 20:pp. 431-460.
46 Winship, C., & R. D. Mare. 1984. Regression models with ordinal variables. American Sociological Review 49: pp.512-525.
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
系統版面圖檔 系統版面圖檔