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研究生:陳再來
研究生(外文):Chen,Tsai-Lai
論文名稱:機構投資者與財務報表公佈時間落差
論文名稱(外文):Institutional Investors and Financial Reports Lag
指導教授:范宏書范宏書引用關係
指導教授(外文):Fan,Hung-Shu
口試委員:陳慶隆簡俱揚
口試委員(外文):Chen,Ching-LungChien,Chu-Yang
口試日期:2014-07-12
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:2014
畢業學年度:102
語文別:中文
論文頁數:79
中文關鍵詞:機構投資者財務報表公佈時間落差財務報表公佈時效性
外文關鍵詞:Institutional InvestorsFinancial Reports LagTimeliness of Financial Reports
相關次數:
  • 被引用被引用:2
  • 點閱點閱:135
  • 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:0
本研究目的在探討不同類型機構投資者對財務報表公佈時效性之影響。本研究以2006年至2013年本國上市上櫃公司作為研究對象,在控制影響財務報表公佈時間落差之相關變數下,探討不同類型機構投資者是否對財務報表公佈時間落差有顯著的影響。

實證結果顯示:

一、機構投資者持股率較高、持股率波動性較高,即為投機型機構投資者,會增強公司管理者較早公佈財務報表之動機,故公司之財務報表公佈時間落差越短;

二、機構投資者持股率較高、持股率波動性較低,即為長期型機構投資者,會延長財務報表公佈時間,故公司之財務報表公佈時間落差越大。

The study aims to examine the influence of different types of institutional investors on the timeliness of financial statements. The sample of this study consists of listed companies from 2006 to 2013 in Taiwan

Empirical test results of this study are as follows:

1. Compared to other types of institutional investors, speculative institutional investors (i.e. institutional investors with high stockholding rates and high variation coefficient of stock holding rates) will strengthen company managers’ motivation to release financial statements earlier. Consequently, financial reports lag will be shorter.

2. Compared to other types of institutional investors, long-term institutional investors (i.e. institutional investors with high stockholding rates and low variation coefficient of stock holding rates) will extend the releasing time of financial statements. Consequently, financial reports lag will be longer. 

表目錄 vi
圖目錄 vii
第一章 緒論 1
第一節 研究動機 1
第二節 研究目的 4
第三節 研究架構 5
第二章 文獻探討 7
第一節 財務報表時效性之相關文獻 7
第二節 機構投資者之相關文獻 14
第三節 機構投資者與財務報表公佈時效之相關文獻 19
第三章 研究方法 21
第一節 研究假說 21
第二節 實證模型與變數定義 23
第三節 研究期間、資料來源及樣本選取 31
第四章 實證結果與分析 35
第一節 敘述性統計 35
第二節 相關係數分析 38
第三節 實證結果分析 41
第四節 敏感性分析 49
第五章 結論與建議 68
第一節 研究結論 68
第二節 研究限制 70
第三節 研究建議 71
附錄 72
參考文獻 73


中文部份

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林有志、黃劭彥、辛宥呈、施志成,2007,「我國上市公司半年報申報時間落差特性之研究」,當代會計,第8卷第1期:85-112。

林郁蕙,1993,我國上市公司年度財務報表期末查核期間之研究,國立台灣大學會計學系未出版之碩士論文。

林靖傑、林宗輝、李沛璇、李文智,2012,「財務報表公布時點、股市反應與公司特質研究」,商經論叢,第3卷第1期:13-30。

范宏書,陳慶隆,2007,「會計師異動、存在最終家族控制股東與財務報表公佈時效性之探討」,當代會計,第8卷第1期:1-34。

范宏書、林彥廷、陳慶隆,2013,「財務會計準則第35號公報與財務報表公佈時效性」,台大管理論叢,第23卷第2期:97-132。

范宏書、陳慶隆、李淑華、謝永明,2008,「總審計調整數對公司財務報表公佈時效性之影響」,輔仁管理評論,第15卷第1期:73-104。

陳茵琦,2005,「機構投資人與公司治理」,證券櫃檯月刊,第111期:57-68。

黃劭彥、盧正宗、林琦珍、林麗琦,2010,「會計師簽發繼續經營疑慮審計意見對財務報表公告時間落差之影響」,當代會計,第11卷第1期:79-114。

黃明潔,2002,多期損益平穩化行為之決定因素,政治大學會計學系未出版之碩士論文。

廖秀梅、廖益興,2002,「會計師更換時機對年報揭露時效及資本市場之影響」,當代會計,第3卷第2期:221-230。
廖益興,2003,董監事獨立性、企業結構特徵與盈餘管理之關聯性研究,國立台北大學會計學系未出版之博士論文。

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1. 林有志、黃劭彥、辛宥呈、施志成,2007,「我國上市公司半年報申報時間落差特性之研究」,當代會計,第8卷第1期:85-112。
2. 林有志、黃劭彥、辛宥呈、施志成,2007,「我國上市公司半年報申報時間落差特性之研究」,當代會計,第8卷第1期:85-112。
3. 林靖傑、林宗輝、李沛璇、李文智,2012,「財務報表公布時點、股市反應與公司特質研究」,商經論叢,第3卷第1期:13-30。
4. 林靖傑、林宗輝、李沛璇、李文智,2012,「財務報表公布時點、股市反應與公司特質研究」,商經論叢,第3卷第1期:13-30。
5. 范宏書,陳慶隆,2007,「會計師異動、存在最終家族控制股東與財務報表公佈時效性之探討」,當代會計,第8卷第1期:1-34。
6. 范宏書,陳慶隆,2007,「會計師異動、存在最終家族控制股東與財務報表公佈時效性之探討」,當代會計,第8卷第1期:1-34。
7. 范宏書、陳慶隆、李淑華、謝永明,2008,「總審計調整數對公司財務報表公佈時效性之影響」,輔仁管理評論,第15卷第1期:73-104。
8. 范宏書、陳慶隆、李淑華、謝永明,2008,「總審計調整數對公司財務報表公佈時效性之影響」,輔仁管理評論,第15卷第1期:73-104。
9. 陳茵琦,2005,「機構投資人與公司治理」,證券櫃檯月刊,第111期:57-68。
10. 陳茵琦,2005,「機構投資人與公司治理」,證券櫃檯月刊,第111期:57-68。
11. 黃劭彥、盧正宗、林琦珍、林麗琦,2010,「會計師簽發繼續經營疑慮審計意見對財務報表公告時間落差之影響」,當代會計,第11卷第1期:79-114。
12. 黃劭彥、盧正宗、林琦珍、林麗琦,2010,「會計師簽發繼續經營疑慮審計意見對財務報表公告時間落差之影響」,當代會計,第11卷第1期:79-114。
13. 廖秀梅、廖益興,2002,「會計師更換時機對年報揭露時效及資本市場之影響」,當代會計,第3卷第2期:221-230。
14. 廖秀梅、廖益興,2002,「會計師更換時機對年報揭露時效及資本市場之影響」,當代會計,第3卷第2期:221-230。