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研究生:黃惠穎
研究生(外文):Huang,Hueiying
論文名稱:會計彈性、盈餘管理與財報價值攸關性-大陸資本市場之實證
論文名稱(外文):Accounting Flexibility, Earnings Management and Value- relevance of Financial Statement-the empirical evidence for China Capital Market
指導教授:范宏書范宏書引用關係
口試委員:陳慶隆王翰屏
口試日期:2012-01-13
學位類別:碩士
校院名稱:輔仁大學
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:2012
畢業學年度:100
語文別:中文
論文頁數:86
中文關鍵詞:會計彈性盈餘管理價值攸關性中國大陸會計準則
外文關鍵詞:Accounting FlexibilityEarnings ManagementValue-relevancePeople’s Republic of China’s general accepted accounting principle
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本研究探討中國大陸A股上市公司會計彈性、應計與實質盈餘管理及對於財務報表價值攸關性之影響。本研究之公司會計彈性以「期初淨營運資產除前期銷貨收入」作為衡量指標 (Barton and Simko, 2002; Wang, 2006),另以橫斷面Jones Model衡量應計盈餘管理(Kothari et al., 2005),至於實質盈餘管理則仿照Cohen and Zarowin (2008)作法,將Roychowdhury (2006) 三項實質盈餘管理活動:異常營運活動現金流量、異常生產成本及異常裁決性費用,結合成一綜合指標。最後以Ohlson (1995)評價模型,探究會計彈性、應計盈餘管理及實質盈餘管理對於財務報表價值攸關性之影響。
  實證研究結果顯示,當公司會計彈性愈小,應計盈餘管理對於盈餘之價值攸關性傷害影響愈大,而權益帳面價值之價值攸關性提高則愈高。同時,實質盈餘管理在會計彈性較小時,其對於盈餘之價值攸關性之傷害愈大,此時權益帳面價值之價值攸關性提高之效果亦愈高。

Title of Thesis:Accounting Flexibility, Earnings Management and Value- relevance of Financial Statement-the empirical evidence for China Capital Market

Student:Huei-Ying Huang Advisor:Dr. Hung-Shu Fan Total Pages:86

Month/Year: 1/2012

Key Words: Accounting Flexibility, Earnings Management, Value-relevance, People’s Republic of China’s general accepted accounting principle
Abstract:
This study investigated the impact of China’s A-share listed firms’ accounting flexibility on the earnings management’s effect on the value-relevance of Financial Statements. This study uses the net operating assets to sales ratio as of the beginning of fiscal year to proxy the firms' accounting flexibility (Barton and Simko, 2002; Wang, 2006). This study adopts the Kothari‘s et al. (2005) cross-sectional Jones Model to measure accrual-based earnings management. Furthermore, following Cohen and Zarowin (2008), Roychowdhury (2006), this study uses a comprehensive index, based on abnormal cash flow from operating activities, abnormal production costs and abnormal discretionary expense, to proxy the firm's real earnings management behavior. Finally, this study uses the Ohlson’s (1995) model to conduct the empirical tests.
The empirical results show that the lower accounting flexibility enhances the value relevance decrease effect of accrual-based earnings management on earnings. Meanwhile, the lower accounting flexibility increases the value relevance decrease effect of real earnings management on earnings and the value relevance increase effect of real earnings management on book value.

第一章 緒論
 第一節 研究動機
 第二節 研究目的
 第三節 研究架構
第二章  文獻探討
 第一節 盈餘管理、會計彈性與相關文獻
第二節 盈餘之價值攸關性
第三節 中國會計制度與準則及資本市場概述
第三章  研究方法
 第一節 研究假說
 第二節 研究設計
 第三節 變數定義與衡量
第四節 樣本選取
第四章  實證結果與分析
 第一節 敘述性統計與相關性分析
 第二節 實證結果分析
 第三節 敏感性分析
第五章  結論與建議   
第一節 研究結論
  第二節 研究限制
  第三節 後續研究建議
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