(3.236.175.108) 您好!臺灣時間:2021/02/27 06:42
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:林雅筑
研究生(外文):Ya-Chu Lin
論文名稱:董監治理機制與盈餘管理之關聯性:董監責任險之干擾效果
論文名稱(外文):The relationship between BOD governance mechanism and earnings management: the moderating effect of Directors'' and Officers'' Liability Insurance
指導教授:林靜香林靜香引用關係
指導教授(外文):Ching-Hsiang Lin
學位類別:碩士
校院名稱:國立高雄第一科技大學
系所名稱:財務管理研究所
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2011
畢業學年度:99
語文別:中文
論文頁數:59
中文關鍵詞:盈餘管理董監責任險公司治理
外文關鍵詞:corporate governanceearnings managementD&O Insurance
相關次數:
  • 被引用被引用:8
  • 點閱點閱:291
  • 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:1
在博達、力霸等上市(櫃)公司爆發一連串的財務弊案前,管理當局可透過「裁決性應計項目」來操縱盈餘,對其財務報表進行窗飾並美化盈餘。公司治理及財報品質愈來愈受到市場的重視,董監事面臨的訴訟風險也愈大,使得近年來董監責任險受到我國政府、企業以及投資人的重視與探討。本文主要探討董事會規模、董監事持股質押比率、董事長兼任總經理和公司投保董監責任險與公司盈餘管理行為之間的關係。實證結果發現:1. 董事會規模與公司盈餘管理存在負向的關連性。2. 董監事持股質押比率與公司盈餘管理行為存在正向的關聯性。3. 董事長兼任總經理與公司盈餘管理行為存在正向的關聯性,但是不顯著。4. 董監責任險在財務報導上具有監督的角色,而在樣本的實證研究中,發現會抑制管理者盈餘管理的行為,因此會提升公司治理功能。
Before financial scandals of listed companies such as Procomp and Rebar, managers can manipulate earning through the ‘discretionary accruals’. With the market paying more and more attention to corporation governance and quality of financial statement, the risk of the board facing lawsuit is increasing. The government, the enterprises and the investors are taking D&O Insurance seriously. This study examines the effects of board size, the pledge of board members’ ownership, CEO duality, and D&O Insurance on the earnings management behavior. The empirical results show: 1) the board size has negative impact on the earnings management behavior, 2) the pledge of board members’ ownership have positive impact on the earnings management behavior, 3) CEO duality have positive impact on the earnings management behavior but not significant, 4) On the financial reporting the D&O Insurance with monitor role, and in positive sample will reduce the earnings management behavior of managers to improve corporate governance functions.
目錄
第壹章 緒論 1
第一節 研究動機與目的 1
第二節 預期結果與研究貢獻 4
第三節 研究架構 6
第貳章 董監事暨重要職員責任保險介紹與文獻回顧 8
第一節 董監事暨重要職員責任保險介紹 8
第二節 文獻回顧 11
(一) 公司盈餘管理行為相關文獻 11
(二) 董監責任險 14
(三) 盈餘管理工具 16
第參章 研究假說 19
第肆章 研究設計 24
(一) 實證模型 24
(二) 樣本選取與資料來源 26
第伍章 實證結果與分析 27
(一) 樣本敘述統計量 27
(二) 相關係數分析 29
(三) 複迴歸分析結果 31
第陸章 結論與建議 36
參考文獻 38
附錄一:盈餘管理之衡量方法 46
附錄二:董監事及重要職員責任保險 48
承保範圍: 48
不保事項: 48
1.方俊儒,李秀英和龍春伶,2008,“獨立董監事對公司績效與盈餘品質之影響-控制股東之調節效果”,會計與公司治理,5卷1期:55-80。
2.李書行,2007,“訴訟風險、董監事責任險與公司經營績效研究成果報告”,行政院國家科學委員會專題研究計畫。
3.江宗哲,2008,“員工認股權評價參數假設合理性與公司治理關聯性之研究”,台灣大學會計學研究所未出版論文。
4.沈維民,1997,“企業之盈餘管理:以會計方法選用和應計項目認列為例”,管理評論,第16 卷第1 期:11-37,1 月。
5.林宜勉,2004,“會計方法選擇與盈餘管理:以折舊方法為例”,會計與公司治理,第1卷第1期:73-94。
6.林億樺和張淑樺,2009,“股權結構與庫藏股盈餘操縱誘因之相關性”,南台科技大學學報,第34 卷第3 期:31-47,12月。
7.林嬋娟、洪櫻芬與薛敏正,1997,“財務困難公司之盈餘管理實證研究”,管理學報,第14 卷第1 期:15-38。
8.高蘭芬,2001,“董監事股權質押之代理問題對會計資訊與公司績效之影響”,國立成功大學會計學研究所未出版碩士論文。
9.胡永純,1997,盈餘預測與盈餘管理之關聯性研究,國立中興大學會計學研究所碩士論文。
10.陳彩稚、龐嘉慧,2008,“董監事暨重要職員責任保險之需求因素分析”,臺大管理論叢,第18券第2期:171-196。
11.陳烷鈺,2009,“董監事股權質押與公司治理之研究”,國立高雄大學金融管理研究所未出版碩士論文。
12.陳錦村、葉雅薰,2002,“公司改組、監督機制與盈餘管理之研究”,會計評論,34期:1-29。
13.郭亦蘭,2008,“公司治理與未預期盈餘之資訊效果”,台灣大學財務金融研究所未出版論文。
14.黃瀚立,2010,“董監事暨重要職員責任保險價值攸關性:公司治理特性之影響”,國立高雄第一科技大學財務管理研究所未出版碩士論文。
15.黃寶漳,2004,“董事會結構、所有權結構與公司資訊揭露水準”,明志技術學院工程管理研究所未出版碩士論文。
16.許俊億,2010,“公司治理指標與董監責任險之關聯性研究”,國立高雄第一科技大學財務管理研究所未出版碩士論文。
17.許溪南、歐陽豪、陳慶芳,2007,“公司治理、盈餘管理與財務預警模型之建構”,會計與公司治理,第四卷,第一期:85-121。
18.葉銀華、李存修、柯承恩,2002,“公司治理與評等系統”,商智文化。
19.張瓊月,2007,“公司上市動機與盈餘管理”,國立成功大學會計學研究所未出版碩士論文。
20.蔡柳卿、楊怡芳,2007,“公司治理與符合績效門檻盈餘管理行為之關連性研究”,東吳經濟商業學報,第五十三期:33-72。
21.廖益興,2009,“董事會獨立性、財務報導品質與海外籌資行為之分析”,會計與公司治理,第六卷,第二期,85-112 頁,12月。
22.廖秀梅、李建然與吳祥華,2006,“董事會結構特性與公司績效關係之研究-兼論台灣家族企業因素的影響”,東吳經濟商學學報,第54期,頁117-160。
23.廖益興、楊清溪、廖秀梅,2005,“公司治理機制與財務報表品質之關聯性研究”,當前會計理論與實務研討會論文集,頁195-230。
24.鄭美慧,2010,控制股東、“董事會組成與董監責任保險關聯性之研究”,國立高雄第一科技大學未出版碩士論文。
25.盧榮和,2005,“董監事暨重要職員責任保險的公司治理角色實證研究-以台灣上市上櫃電子業為例”,國立中央大學企業管理研究所博士論文。
26.蘇惠卿,2004,“股權集中度、管理當局機制及董事會特性與盈餘管理之相關性研究”, 國立成功大學會計學研究所未出版碩士論文。
27.蘇莞婷,2004,“控制股東的質押行為與公司績效”,台灣大學財務金融學研究所未出版碩士論文。
28.Abbott, L. J., Park, Y. & Parker, S., 2000. “The effects of audit committee activity and independence on corporate fraud.” Managerial Finance, 26, 55–67.
29.Ashbaugh, H., R. LaFond and B. W. Mayhew, 2003. “Do nonaudit services compromise auditor independence? Further evidence.” The Accounting Review 78 (3): 611-639.
30.Bacon,J, 1973. “Corporate directorship practices: membership and committees of the board, New York: the conference board.”
31.Bartov, E., F. A. Gul, and J. S. L. Tsui, 2001. “Discretionary-accruals models and audit qualifications.” Journal of Accounting and Economics 30:421-452.
32.Barth, M., J. Elliott, and M. Finn, 1999. “Market rewards associated with patterns of increasing earnings.” Journal of Accounting Research 37 (Autumn): 387-413.
33.Beasley, M. S, 1996. “An empirical analysis of the relation between the board of directorcomposition and financial statement fraud.” The Accounting Review 71:443-465.
34.Becker, C. L., M. L. DeFond, J. Jiambalvo and K. R. Subramanyam, 1998. “The effect of audit quality on earnings management.” Contemporary Accounting Research 15 (1): 1-21.
35.Beneish, M. D., and E. Press, 1995. “Interrelation among events of default.” Contemporary Accounting Research 12: 57-84.
36.Booth, J., Cornett, M., Tehranian, H, 2002. “Board of directors, ownership and regulation.” Journal of Banking and Finance, 26, 1973-1996.
37.Boyer M. Martin and Amandine Hanon, 2009. “Protecting directors and officers from liability arising from aggressive earnings management, CIRANO.” Working Papers 2009s-35, CIRANO.
38.Burgstahler, D., and I. Dichev, 1997. “Earnings management to avoid earnings decreases and losses.” Journal of Accounting and Economics 24: 99-126.
39.Cadbury, A, 1992. “Committee on the financial aspects of corporate governance.” London,UK: Gee & Co.
40.Chalmers, J., Dann, L., & Harford, J, 2002. “Managerial opportunism? Evidence from directors'' and officers'' insurance purchases.” Journal of Finance, 57 (2): 609-636.
41.Chen, Yehning and Hu, Shing-Yang, 2003. “The controlling shareholders’ personal leverage and firm performance.” Working paper.
42.Chtourou, S. M., J. Bedard, and L. Courteau, 2001. “Corporate governance and earnings management.” Working paper, University of Laval.
43.Chung H. H., and Wynn, J, 2008. “Managerial legal liability coverage and earnings conservatism.” Journal and Accounting and Economics 46:135-153.
44.Chung, H. and S. Kallapur, 2003. “Client importance, nonaudit Services, and abnormal accruals.” The Accounting Review 78 (4): 931-955.
45.Core, John E, 2000. “The directors'' and officers'' insurance premium: an outside assessment of the quality of corporate governance, journal of law.” Economics and Organization 16, 449-477.
46.Core, 1997. “On the corporate demand for directors’ and officers’ insurance.” Journal of Risk and Insurance 64, 63-87.
47.Dalton, D. R., C. M. Daily, J. L. Johnson, and A. E. Ellstrand, 1999. “Number of directors andfinancial performance: a meta-analysis.” Academy of Management Journal 42:674-686.
48.DeAngelo, H. L. DeAngelo, and D. J. Skinner, 1994. “Accounting choice in troubled companies.” Journal of Accounting and Economics 17(Jane): 113-143.
49.Dechow, P. M., and D. J. Skinner, 2000. “Earnings management: reconciling view of accounting academics, practitioners, and regulators.” Accounting Horizons 14 : 235-250, June.
50.Dechow, P. M., R. G. Sloan, and A. P. Sweeney, 1996. “Causes and consequences of earnings manipulation : an analysis of firms subject to enforcement actions by the SEC.” Contemporary Accounting Research, Spring:1-36.
51.Dechow, P. M., R. G. Sloan, and A. P. Sweeney, 1995. “Detecting earnings management.” The Accounting Review 70:193-226.
52.Dechow, P. M, 1994. “Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals.” Journal of Accounting and Economics 18(1):3-42.
53.Fama, E. F. and M. C. Jensen, 1983. “Separation of ownership and control.” Journal of Law and Economics, 26, No.2, pp.301-324.
54.Francis, J. R., E. L. Maydew and H. C. Sparks, 1999. “The role of big 6 auditors in the credible reporting of accruals.” Auditing: a Journal of Practice and Theory18 (2): 18-34.
55.Frankel, R. M., M. F. Johnson, and K. K. Nelson, 2002. “The relation between auditors'' fees for non-audit services and earnings quality.” The Accounting Review 77(1):71-105.
56.Hampel, R, 1998. “Committee on corporate governance.” London, UK: Gee & Co.
57.Healy, P. ,1985,”The impact of bonus schemes of the selection of accounting principles.” Journal of Accounting and Economics April:85-107.
58.Healy P.M. and R.S. Kaplan, 1985. “The effect of bonus schemes on accounting decisions/comment.” Journal of Accounting and Economics 17(4):85-113.
59.Holderness, C. G, 1990. “Liability insurers as corporate monitors.” International Review of Law and Economics 10:115-129.
60.Jensen, M. C, 1993. “The modern industrial revolution, exit, and the failure of internal control systems.” Journal of Finance 48:831-880.
61.Jensen, M. C., and W. H. Meckling, 1976. “Theory of the firm: managerial behavior, agency costs and ownership structure.” Journal of Financial Economics 3:305-360.
62.Kesner, I. F. and D. R. Dalton, 1987. “Composition and CEO duality in boards of directors:an international perspective”. Journal of International Business Studies, Vol.18:.33-42.
63.Kothari, S. P., A. J. Leone and C.E. Wasley, 2005. “Performance matched discretionary accrual measures.” Journal of Accounting and Economics 39 (1):163-197.
64.Kiel, G. C. and G. J. Nicholson, 2003. “Board composition and corporate performance: how the Australian experience informs contrasting theories of corporate governance.” Corporate Governance 11:189-205.
65.Klein, A, 2002. “Audit committee, board of director characteristics, and earnings management.” Journal of Accounting and Economics 33:375-400.
66.Lang, M., and R. Lundholm 1993. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research 31(2): 246-271.
67.Lee, Tsun-Siou and Yeh, Yin-Hua, 2004. “Corporate governance and financial distress: evidence from Taiwan.” Corporate Governance: An International Review 12(3):378-388.
68.Lorsh,J. W. and E. MacIver, 1989. “Pawns and potentates:the reality of America’s corporate boards. Boston, MA:harvard business school press.”
69.Chen Lin, Micah Officer and Hong Zou, 2010. “Managerial legal liability insurance and acquisition outcomes.” Working paper.
70.O''Sullivan, N, 1997. “Insuring the agents: the role of directors’ and officers’ insurance in corporate governance.” Journal of Risk and Insurance 64,545-556.
71.Pfeffer, T. J. and Salancik,G. R., 1978. “The external control of organizations.” New York: Harper and Row, 39-61.
72.Pettigrew, A. M., 1992. “On studying managerial elits.” Strategic Management Journal,13:163-182.
73.Rosner, R. L., 2003. “Earnings manipulation in failing firms.” Contemporary Accounting Research 20 (2): 361-408.
74.Sharma, V. D., 2004. “Board of director characteristics, institutional ownership, and fraud- evidence from Australia”. Accounting: A Journal of practice and Theory, Vol 23, NO.2, 105-117.
75.Shleifer, A. and Vishny, R.W., 1986. “Large shareholders and corporate control.” Journal of Political Economy, 94, 461-488.
76.Sloan, R., 1996. “Do stock prices fully reflect information in accruals and cash flows about future earnings?” The Accounting Review 71(3):289-315.
77.Subramanyam, K. R., 1996. “The pricing of discretionary accruals.” Journal of Accounting and Economics 22 (1-3): 249-281.
78.Westphal, J. D., and E. J. Zajac, 1997. “Defections from the inner circle: social exchange, reciprocity and the diffusion of board independence in U.S. corporations.” Administrative Science Quarterly 42, 161-183.
79.Xie, B., W. N. Davidson, and P. J. DaDalt, 2003. “Earnings management and corporate governance: the role of the board and the audit committee.” Journal of Corporate Finance 9:295-316.
80.Yehning Chen and Shing-Yang Hu, 2003. “The controlling shareholder''s personal leverage and firm performance.” Working paper.
81.Zajac, E. J., 1990. “CEO selection, succession, compensation and firm performance: atheoretical integration and empirical analysis.” Strategic Management Journal 11, 313-330.
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