跳到主要內容

臺灣博碩士論文加值系統

(34.226.244.254) 您好!臺灣時間:2021/08/02 23:49
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

: 
twitterline
研究生:許雅雯
研究生(外文):Ya-Wen Shu
論文名稱:非審計服務、事務所規模與盈餘價值攸關性
論文名稱(外文):Non-Audit Service, Accounting Firm Size and the value Relevance of Earnings
指導教授:廖秀梅廖秀梅引用關係
指導教授(外文):Hsiu-Mei Liao
學位類別:碩士
校院名稱:銘傳大學
系所名稱:會計學系碩士班
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:2008
畢業學年度:96
語文別:中文
論文頁數:68
中文關鍵詞:審計品質盈餘價值攸關性非審計服務事務所規模
外文關鍵詞:Value Relevance of EarningsAccounting Firm SizeNon-audit ServicesAudit Quality
相關次數:
  • 被引用被引用:1
  • 點閱點閱:346
  • 評分評分:
  • 下載下載:28
  • 收藏至我的研究室書目清單書目收藏:1
本研究旨在探討非審計服務與事務所規模對盈餘價值攸關性(以盈餘反應係數衡量)之影響。研究假說基於會計師對其客戶同時提供非審計服務時,會損及獨立性,使投資人對財務報表之可信度產生質疑,而降低盈餘價值攸關性。而大型會計師事務所因有較高的誘因去維持其聲譽資本與訴訟成本,而提高審計品質,因此可減輕向會計師購買非審計服務對盈餘價值攸關性的不利影響。本研究之模型是透過非審計服務、事務所規模和未預期盈餘交乘項的橫斷面迴歸模型來測試其對盈餘報酬之影響。樣本取自2003~2006年之台灣上市櫃公司,共3373筆觀察值。
實證結果顯示,在非審計服務方面,在考慮博達案因素區分樣本後,無論博達案前後,非審計服務與標準化累積異常報酬皆變成顯著負相關,顯示會計師同時提供非審計服務,投資人認為這會影響會計師的超然獨立性,而使會計師查核的財務報表可信度受到質疑,促使股價下跌、盈餘價值攸關性降低。在事務所規模方面,發現博達案前大型事務所之盈餘價值攸關性顯著優於非大型事務所,然而在博達案後,事務所規模與盈餘價值攸關性卻未呈現顯著正相關。最後,由大型會計師事務所提供非審計服務時,由於其查核品質較佳,使得投資人對於盈餘的信賴程度提高,會減輕向會計師購買非審計服務對價值攸關性所帶來的不利影響。
This paper tests the relation of non-audit services (NAS) and accounting firm size on the value relevance of earnings (measured as ERC). The hypothesis is based on the provision of NAS by the same auditor is likely to adversely affect investors’ perceptions of the credibility of financial reports. Big 4 auditors due to reputational capital and litigation costs are likely to provide higher quality audit, then it likely to mitigate the adverse effects of NAS. Our sample use 3373 observations of Taiwan TSE and OTC firms from 2003-2005, and the hypothesis is tested by running several cross sectional regression models with interaction terms with control variables.
The results show whether before or after Procomp Informatics Scandal, provisions of NAS are significantly negative associated with value relevance of earnings in divided samples. It indicates provide NAS will impair independence of CPA, effect investor confidence, then lower value relevance of earnings. The value relevance of earnings of firms which audited by big 4 are significantly higher then non big 4. However, after Procomp Informatics Scandal, the accounting firm size is not positively associated with ERC. It indicates that the reputations of Big 4 suffer huge damage. Investors doubt the quality of Big 4 auditors. Besides, NAS and accounting firm size are positively associated with ERC, and it shows the inverse relationship of NAS is weaker for Big 4 auditors.
內容目錄…………………………………………………………………I
圖目錄…………………………………………………………………III
表目錄…………………………………………………………………IV
第一章 緒論……………………………………………………………1
第一節 研究背景與動機…………………………………………1
第二節 研究目的…………………………………………………3
第三節 研究貢獻…………………………………………………3
第四節 研究範圍、資料來源與統計方法………………………3
第五節 研究架構及流程…………………………………………4
第二章 文獻探討………………………………………………………6
第一節 非審計服務之發展………………………………………6
第二節 非審計服務與審計品質…………………………………9
第三節 審計品質與盈餘反應係數………………………………13
第三章 研究方法………………………………………………………21
第一節 研究假說………………………………………………………21
第二節 實證模型與變數衡量……………………………………23
第三節 樣本及資料來源…………………………………………32
第四章 實證結果………………………………………………………35
第一節 敘述性統計……………………………………………………35
第二節 實證結果分析……………………………………………41
第三節 敏感性分析………………………………………………49
第五章 研究結論………………………………………………………52
第一節 研究結論…………………………………………………52
第二節 研究建議…………………………………………………54
第三節 研究限制…………………………………………………55
參考文獻………………………………………………………………56
李宣進,1996,再探審計品質與盈餘反應係數之關聯,東吳大學會計研究所未出版碩士論文。
李建然、許書偉與陳政芳,2003,非審計服務與異常應計數之關聯性研究,會計評論,第37期(7月):1-30。
李建然、陳信吉與張石羨珍,2005,資訊評鑑系統與股票評價之攸關性,當前會計理論與實務研討會論文集,私立銘傳大學會計學系。
李淑華,1993,公司規模對異常報酬及盈餘反應係數之影響,國立臺灣大學會計學研究所未出版碩士論文。
沈中華、李建然,2000,事件研究法 財務與會計實證研究必備,華泰文化事業公司。
陳志愷,1992,盈餘反應係數探索性之研究-台灣股票市場之實證分析,國立政治大學會計學研究所未出版碩士論文。
陳祈願,2005,我國會計師獨立性及責任之研究-美國沙班斯法之啟示(上),證券櫃檯月刊,第108期: 25-50。
楊炎杰、官月緞,2006,客戶重要性與非審計服務是否影響審計品質? Enron後的觀察,會計評論,第43期(7月):27-61。
劉賢修,1994,應計項目操縱對盈餘反應係數之實證研究,國立台灣大學會計系未出版碩士論文。
鄭桂蕙,2005,會計師懲處、審計客戶依存度與盈餘品質,文大商管學報,第10卷2期:1-23。
賴春田,2000,會計師的業務、責任及會計師事務所組織的演變,國立臺灣大學會計研究所碩士論文。
杜榮瑞、林孝倫,2007,審計品質知多少? 會計研究月刊,第261期:70。
Ail, A., T. Y. Chen, S. Radhakishnan, 2007. Corprate Disclosure by Family Firms. Journal of Accounting and Economics 44(2): 238-286.
Antle, R., P. A. Griffen, D. J. Teece, and O.E. Williamson. 1997. An Economic Analysis of Auditor Independence for a Multi-client, Multi-service Public Accounting Firm. Report prepared for the AICPA by The Law & Economics Consulting Group, Inc, October.
Arruñada, B. 1999. The Provision of Non-Audit Services by Auditor-Let the Market Evolve and Decide. International Review of Law and Economics 19:513-531,
Ashbaugh H., R. LaFond, and B. W. Mayhew. 2003. Do Nonaudit Services Compromise Auditor Independence? Furthur Evidence. The Accounting Review 78:611-639.
Ball, R. and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research 6(2): 159-178.
Balsam, S., J. Krishnan, and J. S. Yang. 2003. Auditor industry specialization and earnings quality. A Journal of Practice & Theory 22 (September): 71-97.
Beck, P., Frecka, T., Solomon, I. (1988). An empirical analysis of the relationship between MAS involvement and auditor tenure: implications for auditor independence. Journal of Accounting Literature 7 (August): 65-84.
Becker, C., M. DeFond, J. Jimbalvo, and K. Subrmanyam. 1998. The Effect of Audit Quality on Earnings Management. Contemporary Accounting Research 15:1-24.
Billings, B.K. 1999. Revisiting the relation between the default risk of debt and the earnings response coefficient. The Accounting Review 74(4): 509-523.
Boehmer E., J. Musumeci and A. B. Poulsen, 1991, Event-study methodology under condition of event-induced variance. Journal of Financial Economics 30:253-272
Collins, D. W., S. Kathari, and J. Rayburn. 1987. Firm size and the information content of prices with respect to earnings. Journal of Accounting and Economics 9 (July): 111-138.
Collins, D.W., and S.P. Kothari. 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficient. Journal of Accounting and Economics 11(2-3): 143-181.
DeAngelo, L.E. 1981a. Auditor Independence, Low Balling, and Disclosure Regulation. Journal of Accounting and Economics 3: 113-127.
DeAngelo, L.E. 1981b. Auditor Size and Auditor Quality. Journal of Accounting and Economics 3: 183-199.
DeFond, M. L., and J. Jiambalvo. 1994. Debt Covenant Violation and Manipulation of Accruals. Journal of Accounting and Economics 17: 145-176.
DeFond, M. L., K. Raghunandan, and K. Subramanyam. 2002. Do nonaudit servicefees impair auditor independence? Evidence from going concern audit opinions. Journal of Accounting Research 40: 1247-1274.
Dopuch, N., and D. A. Simunic. 1980. The nature of competition in the auditing profession: A descriptive and normative view. In Regulation and the Accounting Profession, edited by J. W. Buckly and J. F. Weston. Lifetime Learning Publication:77-94.
Dopuch, N., R. King, and R. Schwartz. 2001. An experimental investigation of retention and rotation requirements. Journal of Accounting Research 39 (June): 93-117.
Dye, R. 1993. Auditing standards, legal liability and auditor wealth. Journal of Political Economy 101: 887-914.
Easton P., and M. E. Zmijewski . 1989. Cross-sectional variation in the stock market response to accounting earnings announcements. Journal of Accounting and Economics 11: 117-141.
Fama, E. F. and K. R. French. 1992. The Cross-Section of Expected Stock Returns. Journal of Finance 43 (2) (June): 427- 465.
Firth, M. 1997. The provision of nonaudit services by accounting firms to their audit clients. Contemporary Accounting Research 14 (Summer): 1-21.
Francis J. R., K. Bin. 2003. Disclosure of fees paid to auditors and the market valuation of earnings surprises. Working paper. University of Missouri-Cloumbia.
Francis, J., and J. Krishnan. 1999. Accounting accruals and auditor reporting conservatism. Contemporary Accounting Research 16 (Spring): 135-165.
Francis, J., E. Maydew, and H. Sparks. 1999. The role of big 6 auditors in the credible reporting of accruals. Auditing: A Journal of Practice and Theory 18 (Spring): 17-34.
Frankel, R., M. Johnson, and K. Nelson. 2002. The Relation Between Auditors’ Fees for Nonaudit Services and Earnings Management. The Accounting Review 77: 71-105.
Garman, M. B., and J. A. Ohlson. 1980. Information and the Sequential Valuation of Assets in Arbitrage-Free Economies. Journal of Accounting Research 18 (2) (Autumn) : 420-440.
Geiger, M. A., and D. V. Rama. 2003. Audit Fees, Nonaudit Fees, and Auditor Reporting on Stressed Companies. Auditing: A Journal of Practice & Theory 22: 53-69.
Ghosh, A., and D. Moon. 2005. Auditor tenure and perceptions of audit quality. The Accounting Review 80 (2): 585-612
Gore, P., P. Pope, and A. Singh. 2001. Non-audit services, auditor independence, and earnings management. Working paper. Lancaster University.
Gul, F. A., J. Tsui, and D. S. Dhaliwal, 2006. Non-audit services, auditor quality and the value relevance of earnings. Accounting & Finance 46: 797-817.
Gul, F. A., S. Lynn, and J. Tsui, 2002. Audit quality, management ownership, and the informativeness of accounting earnings. Journal of Accounting Auditing and Finance 17:25-49
Hay D., R. Knechel and V. Vivian, 2006. Non-audit Services and Auditor Independence: New Zealand Evidence. Journal of Business Finance & Accounting 33(5-6): 715-734.
Hayn, C. 1995. The Information content of losses. Journal of Accounting and Economics 20: 125-154.
Jensen, M., and W. Meckling. 1976. Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics 3:305-360.
Kormendi, R., and R.Lipe, 1987. Earningd Innovations,Earnings Persistence and Stock Returns. Journal of Business 60: 323-345.
Lev, B., and S. R. Thiagaraian. 1993. Fundamentals information analysis. Journal of Accounting Research 31(2): 190-215.
Lim, C., and H. Tan. 2008. Non-audit Service Fees and Audit Quality: The Impact of Auditor Specialization. The Accounting Review 46 (1) (March): 199-246
Lipe, R. 1990. The relation between stock returns and accounting earnings given alternative information. The Accounting Review 65(1): 49-71.
Moreland, K. A. 1995. Criticisms of Auditors and the Association Between Earnings and Returns of Client Firms. Auditing: A Journal of Practice and Theory 14(1): 94-104.
Palmrose, Z. V. 1986. The effect of nonaudit services on the pricing of audit services: Further evidence. Journal of Accounting Research 24 (Autumn): 405-411.
Parkash, M., and C. F. Venable. 1993. Auditee Incentives for Auditor Independence: The Cash of Nonaudit Services. The Accounting Review 68: 113-133.
Patell, J. M., 1976. Corporate forecasts of earnings per share and stock price behavior: Empirical tests. Journal of Accounting Research 14: 246-276.
Pitt, L., and B. Birenbaum. 1997. Serving the Public Interest: A New Concept Framework for Audit Impendence. New York: NY American Institute of Certified Public Accountants.
Ruddock, C., S. Taylor, and S. Taylor, 2006. Non-audit services and earnings conservatism: is auditor independence impaired? Contemporary Accounting Research 23(Autumn): 3-23
Simunic, D. 1984. Auditing, Consulting, and Auditor Independence. Journal of Accounting Research 22: 679-702.
Sweeney, A. P. 1994. Debt covenant violations and managers’ accounting response. Journal of Accounting and Economics 17 (3): 281-308.
Teoh, S. H., and T. J. Wong. 1993. Perceived Auditor Quality and The Earnings Response Coefficient. The Accounting Review 68: 346-367.
Warfield, T., J. Wild, and K. Wild. 1995. Managerial ownership, accounting choices, and informativeness of earnings. Journal of Accounting and Economics 20 (January): 61-69.
Watts, R., and J. Zimmerman. 1983. Agency problems, auditing, and the theory of the firm: Some evidence. Journal of Law and Economics 26 (October): 613-633.
Watts, R., and J. Zimmerman. 1986. Positive Accounting Theory. Prentice-Hall, Englewood Cliffs, NJ. Chapters 7-15.
White, H. 1980. A heteroskedasticity-consistence covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48: 817-838.
Zibart, D. A., 1985. Control of beta reliability in studies of abnormal return magnitudes: A methodological note. Journal of Accounting Research 23 (2) (Autumn): 920-926.
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top