形式盈餘管理與實質盈餘管理間之替代關係為過去盈餘管理主要研究範圍，McVay（2006）提出新的盈餘管理手法---分類變動移轉，鮮少有研究探討此三種盈餘方法間之關係，故本研究以民國94年至民國98年台灣上市櫃公司為樣本，探討形式盈餘管理、實質盈餘管理與分類變動移轉間之關係。本文試從高階經理人薪酬結構來進一步分析，探討高階經理人之薪酬是否會對形式盈餘管理、實質盈餘管理與分類變動移轉三種盈餘方法間之關係產生影響。
實證結果發現：（1）實質盈餘管理對分類變動移轉有替代關係（2）實質盈餘管理對應計項目之操縱有替代關係（3）當估計之超額薪酬愈高時，相較於應計項目之操縱，經理人愈有誘因進行分類變動移轉之盈餘管理（4）當估計之超額薪酬愈低時，相較於實質盈餘管理，經理人較有誘因採行分類變動移轉之盈餘管理（5）當經理人之薪酬以股票薪酬為主時，相較於應計項目之操縱，經理人較有誘因進行分類變動移轉之盈餘管理（6）當經理人之薪酬以股票薪酬為主時，相較於實質盈餘管理，經理人較有誘因進行分類變動移轉之盈餘管理。

Prior research of earnings management has emphasized on the relationship of accrual management and the manipulation of real economic activities. McVay (2006) mention the new earnings management tool, and it is referred to as classification shifting. A little of literature has discussed the relationship of the three earnings management tools. The sample of our research includes all firm listed in Taiwan Stock Exchange from 2005 to 2009. And our research mainly discussed the relationship between accrual management, the manipulation of real economic activities and classification shifting. Beside, this paper aims to explore whether or not the executive’s compensation structure would affect the choice of earnings management behaviors.
The evidences show that（1）Real earnings management and classification shifting have a alternative relationship.（2）Real earnings management and accrual management have a alternative relationship.（3）When the estimated excess salary is higher, managers have more incentives to use classification shifting than accrual management.（4）When the estimated excess salary is higher, managers have more incentives to use classification shifting than the manipulation of real economic activities.（5）when compensation contain is stock-based, managers have more incentive to use classification shifting than accrual management.（6）when compensation contain is stock-based, managers have more incentive to use classification shifting than real earnings management.

第一章 緒論 1
第一節 研究背景 1
第二節 研究動機與目的 2
第三節 研究架構 4
第二章 文獻探討與假說建立 6
第一節 盈餘管理動機及方式 6
第二節 盈餘管理方法之替代關係 9
第三節 薪酬結構與酬勞誘因契約 12
第四節 薪酬結構對盈餘管理替代關係之影響 14
第三章 研究方法 18
第一節 樣本選取與資料來源 18
第二節 實證模型 19
第三節 變數定義與衡量 21
第四章 實證結果 27
第一節 敘述性統計分析及相關分析 27
第二節 迴歸分析結果 36
第三節 研究結果之彙總 46
第五章 結論與建議 49
第一節 結論 49
第二節 研究限制與建議 49
第六章 參考文獻 51

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