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研究生:盧力瑋
研究生(外文):Liwei, Lu
論文名稱:退休金財務報表附註揭露之可讀性對實質盈餘管理之影響
論文名稱(外文):The effect of pension disclosure readability on real earnings management
指導教授:曾怡潔曾怡潔引用關係
指導教授(外文):Yijie Tseng
口試委員:王泰昌劉嘉雯
口試日期:2014-06-25
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:2014
畢業學年度:102
語文別:中文
論文頁數:42
中文關鍵詞:退休金可讀性實質盈餘管理資訊揭露品質
外文關鍵詞:PensionReadabilityReal earnings managementInformation Disclosure Quality
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  • 被引用被引用:1
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本研究旨在探討退休金附註揭露品質對實質盈餘管理之關聯,並參考Li(2008)以可讀性指標作為揭露品質替代變數,探討退休金附註揭露可讀性對實質盈餘管理之關聯。本研究結果發現當退休金附註揭露的可讀性愈低,實質盈餘管理程度越高,其實證結果代表當財報退休金揭露所使用的文句越複雜或是語意越模糊不清時,會提高債權人對公司評估之負債水準,降低公司之融資能力,因而經理人會增加盈餘管理以減少融資限制。另外,本研究另外採用Fama-Macbeth迴歸檢視退休金附註揭露品質對實質盈餘管理之關聯,結果亦顯示退休金之可讀性與實質盈餘管理呈現負向相關。
The purpose of this study is to examine the relationship between pension disclosure quality and real earnings management. Following Li (2008), we employ readability index to measure the pension disclosure quality. The empirical results show that lower readability of pension disclosure leads to higher level of real earnings management. It suggests that creditors would increase their assessment of liability when firms using abstruse or ambiguous words in their pension disclosures. This will reduce the company's financing capacity, leading to an increase in real earnings management in order to avoid financing constraints. The above results are robust when we use Fama-Macbeth regression.
第一章 緒論 1
第一節 研究背景及動機 1
第二節 研究目的 3
第三節 研究架構 4
第二章 文獻探討 6
第一節 揭露品質與資訊不對稱相關文獻 6
第二節 資訊不對稱與盈餘管理相關文獻 7
第三節 退休金揭露相關文獻 8
第四節 可讀性相關文獻 9
第五節 實質盈餘管理相關文獻 10
第三章 研究方法 12
第一節 研究假說 12
第二節 實證模型 13
第三節 變數之定義與衡量 15
第四節 樣本說明 20
第四章 實證結果與分析 24
第一節 敘述性統計與相關性分析 24
第二節 迴歸結果分析 29
第三節 敏感性分析 32
第五章 結論與建議 35
第一節 研究結論 35
第二節 研究限制 36
第三節 研究建議 37
參考文獻 38

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