跳到主要內容

臺灣博碩士論文加值系統

(3.235.60.144) 您好!臺灣時間:2021/07/27 01:48
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:余宛真
研究生(外文):Wan-JenYu
論文名稱:探討公司治理機制對台灣上市公司盈餘管理影響之研究
論文名稱(外文):A Study of Taiwan Listed Company Earnings Management by Corporate Governance Mechanisms
指導教授:馬瀰嘉馬瀰嘉引用關係
指導教授(外文):Mi-Chia Ma
學位類別:碩士
校院名稱:國立成功大學
系所名稱:經營管理碩士學位學程
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:中文
論文頁數:49
中文關鍵詞:公司治理盈餘管理裁決性應計項目
外文關鍵詞:corporate governanceearnings managementadjudicative accrued items
相關次數:
  • 被引用被引用:4
  • 點閱點閱:207
  • 評分評分:
  • 下載下載:0
  • 收藏至我的研究室書目清單書目收藏:1
2002年2 月證券主管機關開始著手進行上市、上櫃審查準則與相關補充規定之修訂,積極推動設置獨立董監事制度。並於2004 年要求企業須依據「公開發行公司年報應行記載事項準則」編制財務資訊。可知政府積極建立監督經理人與透明財務資訊機制的決心,以落實經理人經營企業之責任及保護投資人與資本市場的安定。然而,公司要有完善的公司治理制度,是需要公司內部機制及外部機制同時發生作用,才能有效抑制管理當局做出損害投資人或股東的事情以謀取自身的利益。
因此,本研究以2005~2011 年之台灣上市公司為樣本,採用橫斷面Modified Jones Model 模型之估計方法,來探討公司內部與外部治理機制對於盈餘管理的影響關係。由本文之研究結果可以發現,在公司治理變數對「裁決性應計項目」的影響方面,顯示「董事會規模」對裁決性應計項目呈現顯著負向影響;「經理人持股比例」對裁決性應計項目呈現顯著正向影響;「國內法人持股比率」對裁決性應計項目具有顯著正向影響。另外,亦可發現電子業之裁決性應計項目顯著較非電子業來得低。在公司治理變數對「盈餘管理程度」的影響方面,顯示「董事會規模」對盈餘管理程度呈現顯著負向影響;「大股東持股比率」對盈餘管理程度呈現顯著正向影響;「外國法人持股比率」對盈餘管理程度具有顯著正向影響。且電子業之盈餘管理程度與非電子業並無顯著的差異性存在。

In 2002 February, the securities administering authority began amending review criteria and relevant supplements for the companies to be listed and over the counter to aggressively push forward establishment of independent supervisory board system. In 2004, it requested that an enterprise work out financial information pursuant to “Regulations Governing Information to be Published in Annual Reports of Public Companies ”. It could be known that the government made up its mind to create manager monitorship and transparent financial information mechanism to carry out enterprise management responsibility of managers and protect stabilization of investors and capital markets. However, a perfect corporate governance system of a company needs that its internal and external mechanism concurrently come into effect so as to refrain the administering authority from damaging investors or shareholders to seek its own benefit.
The study samples the listed companies in Taiwan from 2005 to 2011 to explore influence of internal and external corporate governance mechanism on earnings management using the estimation method of the cross-sectional modified Jones model. The research results find that as for influence of corporate governance variables on “adjudicative accrued items”, ‘scale of board of directors’ has significantly negative influence on them; “shareholding proportion of managers”, significantly positive; “internal shareholding proportion of juridical persons”, significantly positive. The research results also find that adjudicative accrued items of the electronics industry are significantly lower than those outside it. As for influence of corporate governance variables on the “earnings management extent”, “scale of board of directors” has significantly negative influence on it; “shareholding proportion of major shareholders”, significantly positive; “shareholding proportion of foreign juridical persons”, significantly positive. The earnings management extent of the electronics industry does not significantly differ from that outside it.

第一章 緒論 1
第一節 研究背景 1
第二節 研究動機 2
第三節 研究目的 2
第四節 研究流程 3
第二章 文獻探討 4
第一節 公司治理 4
第二節 盈餘管理 6
第三節 公司治理與盈餘管理文獻 8
一、董事會規模 8
二、總經理雙重性 10
三、經理人持股比例 11
四、大股東持股比率 12
五、董監事持股比率 14
六、機構投資人(法人)持股比率 14
七、產業特性 16
第三章 研究方法 17
第一節 研究架構 17
第二節 研究假設 18
第三節 樣本選取與資料來源 18
一、研究期間 18
二、樣本選取標準 19
三、資料來源 20
第四節 變數定義與衡量 21
一、反應變數:裁決性應計項目 21
二、解釋變數 23
第五節 資料分析方法 25
一、裁決性應計項目分析 25
二、盈餘管理程度分析 26
第四章 實證結果分析 28
第一節 敘述統計分析 28
一、裁決性應計項目分析 28
二、盈餘管理程度分析 29
第二節 階層迴歸分析 30
一、裁決性應計項目分析 30
二、盈餘管理程度分析 31
第三節 廣義估計方程式分析 32
一、裁決性應計項目分析 33
二、盈餘管理程度分析 35
第五章 結論與建議 37
第一節 結論 37
一、公司治理變數對裁決性應計項的影響 37
二、公司治理變數對盈餘管理程度的影響 38
三、小節 39
第二節 研究限制 40
第三節 建議 40
參考文獻 41
一、中文部份 41
二、英文部份 44

一、中文部份
1.中華公司治理協會網頁(2009),http://www.cga.org.tw/。
2.王文宇(1999),論董事與公司間交易之規範,政大法學評論,第62期,頁415-439。
3.王玉珍(2002),股權結構、董事會組成、資本結構與企業績效關係之研究,中央大學企業管理研究所未出版碩士論文。
4.王鼎立(2002),董事會結構與公司盈餘的傳遞效果,私立東吳大學會計學研究所未出版碩士論文。
5.伍忠賢(2003),公司治理的第一本書。台北市:商周出版社。
6.余雪明(1980),證券交易法,中華民國證券市場發展基金會編印。
7.林宜勉(1999),盈餘資訊性與管理者股權之關聯性研究,企銀季刊,第二十三卷第一期。
8.林忠熙(2008),董事會之改造—兼論獨立董事制度,證券暨期貨月刊,第二十六卷第八期,頁34-48。
9.林玫秀(2002),台灣上市與上櫃公司盈餘管理現象之研究,中原大學會計學研究所未出版之碩士論文。
10.林柄滄,(2003),企業併購交易的財務考量,會計研究月刊,第173期,頁34至頁39。
11.柯承恩(2000),我國公司監理體系之問題與改進建議(上),會計研究月刊,第173期,頁75-81。
12.胡浩叡(2002),股份有限公司內部機關之研究—以權限分配與公司治理為中心,國立台灣大學法律研究所碩士論文。
13.高惠松(2007),公司治理機制與會計盈餘品質之關聯性研究,國立台北大學會計學系未出版博士論文。
14.張瑞棻(2003),股權結構與盈餘管理之相關性研究,輔仁大學管理學研究所碩士論文。
15.許溪南、歐陽豪、陳慶芳(2007),盈餘管理、公司治理與財務預警模型之建構,金融風險管理季刊,第三卷,第三期,1~40。
16.陳介山(2004),董事之忠實義務-以企業併購法治為中心,國立中正大學法律研究所博士論文。
17.陳春山(2004),新公司法實務問題,學林文化事業有限公司。
18.陳家慧(2000),我國上市公司管理機制與盈餘管理相關性之實證研究,國立政治大學,未出版碩士論文,台北市。
19.陳慧美(2004),盈餘管理與財務特性、股票報酬關聯性之探討,國立中山大學財務管理學研究所碩士論文。
20.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。
21.陳麗娟(2004),董事會組成、股權結構、關係人交易與企業績效關係之研究—以紡織業及電子業為實証,國立成功大學,未出版高階管理碩士論文,台南市。
22.曾宛如(2003),我國有關公司治理之省思—以獨立董監事法制之改革為例,月旦法學雜誌,第103期。
23.馮德輝(1997),污染性產業的政治成本:以有效稅率及盈餘管理進行分析,國立中正大學會計學研究所未出版碩士論文。
24.黃旭輝、陳隆麒、謝劍萍(2001),公司成長機會對經理人持股與董事會組成影響之研究,中山管理評論,第九卷第一期,頁37-59。
25.葉銀華、李存修、柯承恩(2002),公司治理與評等系統,商智文化。
26.廖益興(2004),董監事獨立性、企業結構特徵與盈餘管理之關聯性研究,台北大學會計學系(所)未出版博士論文。
27.劉連煜(1996),如何強化股份有限公司監控制度,證交資料,第406期。
28.劉紹樑(2003),從莊子到安隆:A+公司治理,台北:天下雜誌。
29.鄭桂蕙(2005),員工持股制度與公司績效,東吳經濟商學學報,第五十一期,頁101-130。
30.賴英照(2006),股市遊戲規則最新證券交易法解析。
31.薛明玲、蔡朝安(2003),從資訊揭露看公司治理,月旦法學雜誌第96期,335-343頁。
32.謝文馨(1999),家族企業管制機制與盈餘管理之關聯性研究,東吳大學會計研究所,未出版論文,台北市。
33.羅夙雅(2010),員工分紅獎酬與盈餘管理之關聯性,中正大學會計與資訊科技研究所論文。
34.嚴文筆(2004),從內部控制觀點建構舞弊訴訟預警模型,國立中正大學會計與資訊科技研究所碩士論文。
35.蘇裕惠、葉銀華(1999),強化公司管治機制之探討,主計月報,第87卷第5期。

二、英文部份
1.Abbott, L. J., Parker, S. & Peters, G. F..(2002), Audit committee characteristics and financial misstatement: a study of the efficiency of certain Blue Ribbon committee recommendations. Working paper, the 2001 American Accounting Association.
2.Aharony, J., Lee, C. W., and Wong, T. J.(2000), Financial packaging of IPO firms in China. Journal of Accounting Research 38(1): 103-126.
3.Alkhafaji, A. F.(1990), Effective boards of Directors: An Overview, Industrial Management and Data Systems, Vol.32, pp.18-26.
4.Palmorse, Z.(1998), An Analysis of Auditor Litigation and Audit Service Quality, The Accounting Review 63, January, 55-73.
5.Bacon, J.(1973), Corporate Directorship Practices: Membership and Committees of the Board, New York: the Conference Board and American Society of Corporate Secretaries.
6.Beasley, M. S.(1996), An Eempirical Analysis of the Relation Between the Board of Director Composition and Financial Statement Fraud, The Accounting Review 71(4), 443-465.
7.Beasley, M. S., Carcello, J. V., Hermanson, D. R. and Lapides, P. D.(2000), Fraudulent of Financial Reporting: Consideration of Industry Traits and Corporate Governance Mechanisms, Accounting Horizons 14(4): 441-454.
8.Beaver, W. H., McNichols, M. F. and Nelson, K. K.(2003). Management of the loss reserve accrual and the distribution of earnings in the property-casualty insurance industry. Journal of Accounting and Economics, 35(3), 347-376.
9.Bowen, R. M., Rajgopal, S. and Venkatachalam, M.(2003), Accounting choice, corporate governance and firm performance, Working paper, University of Washington.
10.Bushee, B.,(1998), The influence of institutional investors on myopic R&D investment behavior, The Accounting Review73(3),305-333
11.Cadbruy A.(1999), What Are the Trends in Corporate Governance? How will They Impact Your Company?, Long Range Planning Journal, Vol.5, pp.12-19.
12.Chaganti, R. S., Mahajan, V. and Sharma, S.(1985), Corporate board size, composition, and corporate failures in retailing industry. Journal of Management Studies ,22, pp.400-417.
13.Chen, M. J., Su, K. H., and Tsai, W.(2007), Competitive tension: The awareness – motivation - capability perspective, Academy of Management Journal, 50(1):101-118.
14.Chiang, H. T.(2005), An empirical study of corporate governance and corporate performance, Journal of American Academy of Business, Vol.6, PP.95-101.
15.Child J. and Rodrigues S.(2004), Repairing the Breach of Trust in Corporate Governance. Corporate Governance: An International, Review, 12(2),143-152.
16.Ching, K. M. L., Firth, M. and Rui, O. M.(2002), Earnings management, corporate governance and the market performance of seasoned equity offerings, Working Paper, Department of Accountancy, Hong Kong Polytechnique.
17.Cho, M. H.(1998), Ownership Structure, Investment, and the Corporate Value:An Empirical Analysis, Journal of Financial Economics, Vol.47, 103-121.
18.Chtourou, S. M., Bedard, J. and Courteau, L.(2001), Corporate governance and earnings management, Working paper, University of Laval.
19.Chung, R., Firth, M. and Kim, J.(2005), Earnings management, surplus free cash flow, and external monitoring. Journal of Business Research, 58, 766-776.
20.Collins, D. W., and Hribar, P.(2002), Errors in Estimating Accruals: Implications for Empirical Research, Journal of Accounting Research,Vol.40, Mar., pp.105-134.
21.World Bank(1999), Corporate Governance: A Framework for Implementation-Overview.
22.Davidson, S. D., Stickney, C. and Well, R.(1987), Accounting: The language of business ,7th edition’, Tomas Horton in and Daughter.
23.Dechow and Skinner,(2000), Earnings management: Reconciling the Views of Accounting Academics, Practitioners, and Regulators, Accounting Horizons 14, 235-250.
24.Dechow, P. M., Sloan, R. G. and 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, 1-36.
25.Demsetz, H. and Lehn, K.(1985), The Structure of Corporate Ownership: Causes and Consequences, Journal of Political Economy, Vol.93, 1155-1177.
26.Fama, E. F. and Jensen, M. C.(1983), Separation of ownership and control., Journal of Law and Economics. 26: 301-325.
27.Felix, J., Lopez, I., and Paolo, S. H.(2005), Codes of good gover-nance around the world, New York: Nova Science Publishers.
28.Goel, A. and Thakor, A.(2000), Rationality, overconfidence and leadership, Working paper, University of Michigan.
29.Healy and Wahlen,(1999), A Review of the Earnings Management Literature and Its Implications for Standard Setting, Accounting Horizons 13, 385-383.
30.Healy, P.(1985), The impact of bonus schemes on the selection of accounting principles, Journal of Accounting and Economics, pp.85-107.
31.Healy, P. M., and Wahlen, J. M.(1998), A Review of the Earnings Management Literature and its Implication for Standard Setting, Harvard Working Paper.
32.Holderness, C. G.(2001), A survey of blockholders and corporate control, Economic Policy Review.
33.Jensen and Ruback(1983), The market for corporate control: the scientific evidence, Journal of Financial Economics, 11, pp.5-50.
34.Jensen, M. C. and Mechling, W. H.(1976), Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure., Journal of Financial Economics, 3, 4, 305-360.
35.Klein, A.(2002), Audit Committee, Board of Director Characteristics, and Earnings Management, Journal of Accounting and Economics 33, 375-400.
36.Lanfeng, K. and Anlin, C.,(2004), The effects of board characteristics on earnings management, Corporate Ownership & Control Vol. 1 Issue 3, 96-107.
37.Liu, Q. and Lu, Z.(2002), Earning management to tunnel: evidence from China’s listed companies, Working Paper, University of Hong Kong.
38.Mikkelson, W. H., and Partch, M.M.(1997), The Decline of Takeovers and Disciplinary Managerial Turnover, Journal of Financial Economics(44)pp. 205-228.
39.OECD,(1999), OECD Principles of Corporate Governance.
40.Palmorse, Z.,(1998), An Analysis of Auditor Litigation and Audit Service Quality, The Accounting Review 63, January, 55-73.
41.Patton and Baker(1987), A. Patton and J.C. Baker, Why won't directors rock the boat?,Harvard Business Review 65(1987), November–December), pp. 10–18.
42.Peasnell, K. V., Pope, P. F. and Young, S.(2001), oard Monitoring and Earnings Management: Do Outside Directors Influence Abnormal Accruals?, orking paper, Lancaster University.
43.Pound, J.(1988), Proxy Contests and the Efficiency of Shareholder oversight, Journal of Financial Economics, 20, pp.237-265.
44.Rajgopal, S. and Venkatachalam, M.(1998), The Role of Institutional Investors in Corporate Governance: An Empirical Investigation, Working paper.
45.Reitenga, A. L., and Tearney, M. G.(2003), Mandatory CEO Retirements, Discretionary Accruals, and Corporate Governance Mechanisms, Journal of Accounting, Auditing and Finance 18(2): 255-280.
46.Sankar, M.R.(1999), The impact of alternative forms of earnings management on the return-earnings relation, Working paper, University of Southern California.
47.Schipper, K.,(1989), Commentary on earnings management, Accounting Horizons 3, 91-102.
48.Scott, R. W.,(2000), Financial Accounting Theory, second edition, Prentice Hall.
49.Scott, J. T.(2005), Corporate social responsibility and environmental research and development, Structural Change and Economic Dynamics, 16: 313-331.
50.Shleifer, A. and Vishny, R.(1986), Large Shareholders and Corporate Control, Journal of Political Economy, 3, pp.461-488.
51.Shleifer, A., and Vishny, R. W.(1997), A survey of corporate governance, Journal of Finance 25, 737-783.
52.Starks, L.,(2000), Corporate Governance and Institutional Investors: Implications for Latin America, AB ANTE, Estudios en Dirreccion de Empresas, 161-182.
53.Vafeas, N.(2000), Board Structure and the Informativeness of Earnings, Journal of accounting and Policy 19: 139-160.
54.Warfield, T. D., Wild, J. J. and Wild, K. L.(1995), Managerial Ownership, Accounting Choices, and Informativeness of Earnings, Journal of Accounting and Economics, Vol.20, 61-92.
55.Watts, R. L. and Zimmerman, J. L.(1978), Towards a positive accounting theory of the determination of Accounting Standards, Accounting Review, 53: 112-134.
56.Weir, C., David, L. and Phillip, M.(2002), Internal and External Governance Mechanisms: Their Impact on the Performance of Large UK Public Companies, Journal of Business Finance & Accounting, 29(5), pp.579-611.
57.Xie, B., Davidson, W. N. and Dadalt, P. J.(2003), Earnings Management and Corporate Governance: the Role of the Board and the Audit Committee, Journal of Corporate Finance 9: 295-316.
58.Yeh, Y. H. and Lee, T. S.(2001), Corporate governance and performance: The case of Taiwan, The Seventh Asia Pacific Finance Association Annual Conference, Shanghai.
59.Yermack, D.(1996), Higher market valuation of companies with a small board of directors, Journal of Financial Economics 40, 185-211.
60.Yu, F.(2006), Corporate governance and earnings management, Working paper, University of Minnesota.

電子全文 電子全文(網際網路公開日期:20220101)
連結至畢業學校之論文網頁點我開啟連結
註: 此連結為研究生畢業學校所提供,不一定有電子全文可供下載,若連結有誤,請點選上方之〝勘誤回報〞功能,我們會盡快修正,謝謝!
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
1. 35.蘇裕惠、葉銀華(1999),強化公司管治機制之探討,主計月報,第87卷第5期。
2. 31.薛明玲、蔡朝安(2003),從資訊揭露看公司治理,月旦法學雜誌第96期,335-343頁。
3. 29.鄭桂蕙(2005),員工持股制度與公司績效,東吳經濟商學學報,第五十一期,頁101-130。
4. 27.劉連煜(1996),如何強化股份有限公司監控制度,證交資料,第406期。
5. 22.曾宛如(2003),我國有關公司治理之省思—以獨立董監事法制之改革為例,月旦法學雜誌,第103期。
6. 20.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。
7. 15.許溪南、歐陽豪、陳慶芳(2007),盈餘管理、公司治理與財務預警模型之建構,金融風險管理季刊,第三卷,第三期,1~40。
8. 11.柯承恩(2000),我國公司監理體系之問題與改進建議(上),會計研究月刊,第173期,頁75-81。
9. 8.林忠熙(2008),董事會之改造—兼論獨立董事制度,證券暨期貨月刊,第二十六卷第八期,頁34-48。
10. 10.林柄滄,(2003),企業併購交易的財務考量,會計研究月刊,第173期,頁34至頁39。
11. 7.林宜勉(1999),盈餘資訊性與管理者股權之關聯性研究,企銀季刊,第二十三卷第一期。
12. 2.王文宇(1999),論董事與公司間交易之規範,政大法學評論,第62期,頁415-439。