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研究生:盧均昊
研究生(外文):Chun-Hao Lu
論文名稱:會計師事務所產業專精對資產減損迴轉之影響及投資人反應
論文名稱(外文):The Effect of Audit Firms’ Industry Specialization on Reversal of Asset Impairments and Investors’ Reaction
指導教授:李啟華 博士
指導教授(外文):Dr. Chihua Li
口試委員:蔡彥卿楊炎杰
口試委員(外文):Yann-Ching TsaiYan-Jie Yang
口試日期:2013-06-25
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:2013
畢業學年度:101
語文別:中文
論文頁數:56
中文關鍵詞:資產減損迴轉會計師事務所產業專精報導誘因經濟實質誘因
外文關鍵詞:Reversal of Asset ImpairmentsAudit Firms’ Industry SpecializationReporting IncentivesEconomic Factors
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我國的資產減損之會計處理準則,允許企業迴轉過去所認列之資產減損,由於資產減損迴轉的認定方式需仰賴財務報表編製者的主觀判斷,促使國內學者探討企業認列資產減損迴轉的目的,並發現企業有顯著的報導誘因認列該項目。本研究延續過去的研究,探討會計師事務所產業專精對資產減損迴轉認列誘因的影響程度及投資人對於該影響的反應程度。本研究以2005-2011年為研究期間,並以公司規模和產業進行一比一的配對,實驗組與控制組分別有144個觀察值。本研究採用加權平均市佔率法定義產業專精(Neal et al. 2004),檢驗產業專精對資產減損迴轉認列誘因的影響。實證結果指出,相較於其他事務所,產業專精事務所,其客戶認列資產減損迴轉的經濟實質誘因雖無顯著差異,但報導誘因顯著較低。另外,本研究參考Chao (2006),將資產減損迴轉拆分成預期性與非預期性迴轉,透過檢驗非預期性迴轉與產業專精的交乘效果以測試投資人能否有效反應事務所產業專精對資產減損迴轉認列誘因的影響。實證結果指出,相較於其他事務所,投資人對於產業專家查核的資產減損迴轉之反應程度並無顯著差異。
Asset impairment accounting standards in Taiwan allow firms to reverse previous asset impairment loss. Identification of asset impairment reversals rely on the subjective judgment of financial reporting preparers, so some research examined the characteristics of asset impairment reversals, and found that companies significantly had reporting incentives to recognize asset impairment reversals. Following these research, this study investigates the effect of audit firms’ industry specialization on reversals of asset impairments and investors’ reaction. Using the sample of 144 observations that reversed impairment loss between 2005 to 2011 are matched by industry and size with 144 control observations. This study use weighted average methods to define audit firms’ industry specialization, and examine the effect of audit firms’ industry specialization on asset impairment reversals. Empirical results show that audit firms’ industry specialization could effectively mitigate firms’ reporting incentive of recognizing asset impairment reversals. Besides, this study splits asset impairment reversals into expected reversals and unexpected reversals, and testing how investors’ react to the effect of audit firms’ industry specialization on reversal of asset impairments by examining the interaction of unexpected reversals and audit firms’ industry specialization. Empirical results show that investors could not effectively react to the effect of audit firms’ industry specialization on asset impairment reversals.
目 錄
摘 要 i
Abstract ii
謝 辭 iv
目 錄 v
表 次 vi
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 4
第三節 研究架構 5
第二章 文獻回顧 6
第一節 資產減損與資產減損迴轉的相關規定 6
第二節 資產減損、資產減損迴轉的認列誘因與投資人的反應 8
第三節 產業專精的調節效果與投資人的反應 13
第三章 研究方法 16
第一節 研究假說 16
第二節 實證模型與變數定義 18
第三節 樣本選取、來源與分佈 26
第四章 實證結果分析 29
第一節 敘述統計與單變量分析 29
第二節 相關性分析 32
第三節 迴歸分析 34
第四節 敏感性分析 39
第五章 結論、限制與建議 47
第一節 研究結論 47
第二節 研究限制 47
第三節 建議與未來的研究方向 48
參考文獻 50
表 次
表3-1 變數定義彙總表 26
表3-2 樣本篩選與分布 27
表4-1 單變量分析-資產減損迴轉認列誘因 30
表4-2 單變量分析-受產業專家查核的客戶特性 31
表4-3 資產減損迴轉認列動機的相關係數分析表 33
表4-4 投資人對資產減損迴轉的反應之相關性分析表 34
表4-5 假說一之檢定結果 37
表4-6 假說二的檢定結果 38
表4-7 改變報導誘因認定方式的實證結果-假說一 40
表4-8 改變報導誘因的定義方式的實證結果-假說二 41
表4-9以連續變數衡量產業專精的實證結果-假說一 42
表4-10 以連續變數衡量產業專精的實證結果-假說二 43
表4-11 非以加權平均市佔率法認定產業專精的實證結果-假說一 44
表4-12非以加權平均市佔率法認定產業專精的實證結果-假說二 45
表4-13 改變估計期後的實證結果-假說二 46

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