跳到主要內容

臺灣博碩士論文加值系統

(34.236.36.94) 您好!臺灣時間:2021/07/24 22:00
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:王譽縈
研究生(外文):Wang, Yuying
論文名稱(外文):Substitution And Complementary Effects Of Accrual-Based Earnings Management And Real Earnings Management
指導教授:王明昌王明昌引用關係
指導教授(外文):Wang, Mingchang
口試委員:湯惠雯鄭楊耀
口試日期:2012-07-17
學位類別:碩士
校院名稱:國立中正大學
系所名稱:企業管理研究所
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2012
畢業學年度:100
語文別:英文
論文頁數:41
外文關鍵詞:accrual-based earnings managementreal earnings managementearnings manipulation
相關次數:
  • 被引用被引用:0
  • 點閱點閱:235
  • 評分評分:
  • 下載下載:5
  • 收藏至我的研究室書目清單書目收藏:0
We examine whether firms simultaneously use accrual-based earnings management (AEM) or real earnings management (REM) to engage in earnings management. Our findings, using five measures of REM, such as cash flows from operations, R&D expenditures, SG&A expenses, production cost, and gains on assets sales, based upon a 1991-2010 dataset on related within listed companies in Taiwan, firstly, we show that while firms use R&D expenditures of real earnings management to increase their earnings, there existing substitution effect between accrual-based earnings management and real earnings management. Secondary, we also find when firms through use real earnings management including cash flows from operations, production cost, gains on assets sales to increase their earnings, that existing a complementary effect between accrual-based earnings management and real earnings management. Our evidence provide a reference for investors, that when investors judge a company not only by accrual-based earnings management, but also by real earnings management to manipulate their earnings.
CONTENTS

1. INTRODUCTION 1
2. LITERATURE REVIEW and HYPOTHESES DEVELOPMENT 3
2.1 Accrual-Based Earnings Management 3
2.2 Real Earnings Management 5
2.3 Hypotheses Development 7
3. DATA AND METHODOLOGY 8
3.1 Data 8
3.2 Estimation Models 9
3.2.1 Accrual-Based Earnings Management 9
3.2.2 Real Earnings Management 10
3.2.3 Determinant variables 13
4. EMPIRICAL RESULTS 14
4.1 Descriptive Statistics 14
4.2 Regression Analysis of Determinants on AEM and REM 15
4.3 Correlations of AEM and REM 17
4.4 T-test for Substitution and Complementary Effects of AEM and REM 20
4.5 Regression Test of the Substitution and Complementary Effects between AEM and REM 20
5. CONCLUSIONS 24
REFERENCE 26

TABLE CONTENTS

Table 1: Definitions and descriptive statistics of the dependent and determinant variables 29
Table 2: Regression analysis of determinants on AEM and REM 31
Table 3: Correlations of AEM and REM 33
Table 4: T-test for substitution and complementary effects of AEM and REM 33
Table 5: Regression test of the substitution and complementary effects between AEM and REM 35




張瑞當, 方俊儒 & 曾玉琦, 2007. 核心代理問題與盈餘管理:董事會結構與外部監督機制之探討. 管理學報, 24(1), pp. 17-39.
Anderson, M. C., Banker, R. D. & Janakiraman, S. N., 2003. Are Selling, General, and Administrative Costs "Sticky"?. Journal of Accounting Research, 41(1) , pp. 47-63.
Bartov, E., 1993. The Timing of Asset Sales and Earnings Manipulation. The accounting Review, 68(4), pp. 840-855.
Bartov, E., Givoly, D. & Hayn, C., 2002. The rewards to meeting or beating earnings expectations. Journal of Accounting and Economics, 33, pp. 173-204.
Berger, P. G., 1993. Explicit and Implicit Tax Effect of the R&D Tax Credit. Journal of Accounting Research, 31(2), pp. 131-171.
Bushee, B. J., 1998. The Influence of Institutional Investors on Myopic R&D Investment Behavior. The Accounting Review, 73(3), pp. 305-333.
Cheng, S., 2004. R&D Expenditures and CEO Compensation. The Accounting Review, 79(2), pp. 305-328.
Cohen, D. A., Dey, A. & Lys, T. Z., 2008. Real and accrual-based earnings management in the pre-and post-Sarbanes-Oxley periods. The Accounting Review, 83(3), pp. 757-787.
Cohen, D. A. & Zarowin, P., 2010. Accrual-based and real earnings management activities around seasoned equity offerings. Journal of Accounting and Economics, 50(1), pp. 2-19.
Dechow, P. M. & Skinner, D. J., 2000. Earnings Management: Reconciling the Views of Accounting Academics, Practitioners, and Regulators. Accounting Horizons, 14(2), pp. 235-250.
Dechow, P. M., Sloan, R. G. & Sweeney, A. P., 1996. Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC. Contemporary Accounting Research, 13(1), pp. 1-36.
DeFond, M. L. & Jiambalvo, J., 1994. Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics, 17, pp. 145-176.
Dhaliwal, D. S., Gleason, C. A. & Mills, L. F., 2004. Last Chance Earnings Management: Using the Tax Expense to Meet Analysts' Forecasts. Contemporary Accounting Research, 21(2), pp. 431-459.
Graham, J., Harvey, C. & Rajgopal, S., 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40(1-3), pp. 3-73.
Gunny, K., 2005. What are the consequences of real earnings management?. Working paper, University of California, Berkeley.
Haw, I.-H., Jung, K. & Lilien, S. B., 1991. Overfunded defined benefit pension plan settlements without asset reversions. Journal of Accounting and Economics, 14(3), pp. 295-320.
Healy, P. M., 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7(1-3), pp. 85-107.
Healy, P. M. & Wahlen, J. M., 1999. A Review of the Earnings Management Literature and Its Implications for Standard Setting. Accounting Horizons, 13(4), pp. 365-383.
Jones, J. J., 1991. Earnings Management During Import Relief Investigations. Journal of Accounting Research, 29, pp. 193-228.
Kasznik, R. & Mcnichols, M. F., 2002. Does meeting expectations matter? Evidence from analyst forecast revisions and share price. Journal of Accounting Research, 40(3), pp. 727-759.
Kim, B. H., 2009. Post-Borrowing Conservatism and Debt-Covenant Slack. Working paper Washington University in St. Louis.
Kinney, W. R., Palmrose, Z.-V. & Scholz, S., 2004. Auditor Independence, Non-Audit Services, and Restatements: Was the U.S. Government Right?. Journal of Accounting Research, 42(3), pp. 561-588.
Kothari, S., Leone, A. J. & Wasley, C. E., 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39, pp. 163-197.
Marquardt, C. A. & Wiedman, C. I., 2004. How Are Earnings Managed? An Examination of Specific Accruals. Contemporary Accounting Research, 21(2), pp. 461-491.
Matsuura, S., 2008. On the relation between real earnings management and accounting earnings management : income smoothing perspective. Journal of International Business Research, 7(3), pp. 63-77.
Moehrle, S. R., 2002. Do Firms Use Restructuring Charge Reversals to Meet Earnings Targets?. The Accounting Review, 77(2), pp. 397-413.
Payne, J. L. & Robb, S. W. G., 2000. Earnings Management: The Effect of Ex Ante Earnings Expectations. Journal of Accounting, Auditing & Finance, 15, pp. 371-392.
Roychowdhury, S., 2005. Management of earnings through the manipulation of real activities that affect cash flow from operations. Working paper, MIT.
Roychowdhury, S., 2006. Earnings Management Through Real Activities Manipulation. Journal of Accounting and Economics, 42, p. 335–370.
Schrand, C. M. & Wong, M. H. F., 2003. Earnings Management Using the Valuation Allowance for Deferred Tax Assets under SFAS No. 109. Contemporary Accounting Research, 20(3), pp. 579-611.
Watts, R. L. & Zimmerman, J. L., 1986. Positive accounting theory. Englewood Cliffs, NJ: Prentice-Hall..
Zang, A. Y., 2007. Evidence on the Tradeoff Between Real Manipulation and Accrual Manipulation. Working paper. HKUST.
Zhang, J., 2008. The contracting benefits of accounting conservatism to lenders and borrowers. Journal of Accounting and Economics, 45(1), pp. 27-54.


QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top