(3.238.130.97) 您好!臺灣時間:2021/05/15 14:18
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:鐘雅譯
研究生(外文):Ya-Yi Chung
論文名稱:資訊揭露品質對企業價值與盈餘品質影響之研究: 來自企業社會責任履行的證據
論文名稱(外文):Effects of Information Disclosure Quality on Firm Value and Earnings Quality: Evidence from Fulfilling Corporate Social Responsibility
指導教授:王雅芳王雅芳引用關係劉沂佩劉沂佩引用關係
指導教授(外文):Ya-Fang WangYi-Pei Liu
口試委員:鄭育書
口試委員(外文):Yu-Shu Cheng
口試日期:2014-05-13
學位類別:碩士
校院名稱:靜宜大學
系所名稱:會計學系
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:45
中文關鍵詞:社會責任資訊揭露企業價值盈餘品質
外文關鍵詞:Social responsibilityInformation disclosureFirm valueEarnings quality
相關次數:
  • 被引用被引用:0
  • 點閱點閱:281
  • 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
本研究藉由台灣上市(櫃)公司履行企業社會責任的狀況來探討企業揭露的資訊品質良窳對於企業價值及盈餘品質的影響為何。實證結果發現僅落實企業社會責任的公司所揭露的資訊品質才能替公司整體價值及盈餘品質帶來正面的影響力;且透過額外設立公司治理小組強化公司履行社會責任之機制,將使得公司對外所揭露的資訊品質,獲得市場較高的評價,創造較佳的企業價值。此外,當落實企業社會責任的公司是委由四大會計師事務所查核時,所提供的資訊揭露品質才能反映出企業內部的盈餘品質為何,也才能獲得外部投資大眾給予較高的評價;其中,以安侯建業、資誠以及EY安永事務所的受查客戶所揭露的資訊品質對於盈餘品質及企業價值的影響最為明顯。
Surveying the situation of fulfilling corporate social responsibility of Taiwan listed companies, we examine how the information disclosure quality affects firm value and earnings quality. We find that the information disclosure quality of companies of fulfilling corporate social responsibility has a positive effect on firm value and earnings quality. Further, the information disclosure quality can increase firm value when companies of fulfilling corporate social responsibility establish the team of corporate governance to enhance the system of corporate social responsibility. In addition, their information disclosure quality can reflect the facts of earnings quality and receive a positive response from the public when companies of fulfilling corporate social responsibility are audited by Big 4 CPA firms. Specifically, the information disclosure quality is significantly and positively associated with firm value and earnings quality for clients of KPMG, PwC and EY.
表目錄 IV
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究問題與目的 2
第三節 研究貢獻 5
第四節 研究架構 6
第二章 文獻探討與假說建立 7
第三章 研究設計 13
第一節 資料來源與樣本篩選 13
第二節 實證模型與變數衡量 15
第四章 實證結果與分析 20
第一節 敘述統計量 20
第二節 相關性分析 21
第三節 迴歸分析結果 22
第四節 額外測試分析 25
第五節 敏感性測試分析 27
第五章 結論 28
參考文獻 30

遠見雜誌,2006,從觀望到積極,台灣企業重視社會責任,第239期 (5月)。
李香瑩,2002,公司如何治理?如何治理公司?會計研究月刊,第205期:44-56。
天下雜誌,2011,公司治理,是董事長的責任,第478期 (8月)。
天下雜誌,2012,天下CSR指數年度不敗選股,第489期 (1月)。
天下雜誌,2013,富人四招,把稅變不見,第523期 (5月)。
Abel, A. B., and J. C. Eberly. 2011. How Q and cash flow affect investment without frictions: An analytic explanation. Review of Economic Studies 78 (4): 1179-1200.
Allayannis, G., and J. P. Weston. 2001. The use of foreign currency derivatives and firm market value. Review of Financial Studies 14 (1): 243-276.
Angulo, L. F., and J. Rialp. 2007. The interplay between cumulative customer satisfaction and brand value: Its effect on cash flow, ROI and Tobin's Q. Unpublished Doctoral Dissertation, University of Barcelona.
Archibald, T. R. 1967. The return to straight-line depreciation: An analysis of a change in accounting method. Journal of Accounting Research, Empirical Research in Accounting, Selected Studies 5 (Supplement): 164-180.
Aupperle, K. E., A. B. Carroll, and J. D. Hatfield. 1985. An empirical examination of the relationship between corporate social responsibility and profitability. The Academy of Management Journal 28 (2): 446-463.
Bagnoli, M., and S. G. Watts. 2000. The effect of relative performance evaluation on earnings management: A game-theoretic approach. Journal of Accounting and Public Policy 19 (4-5): 377-397.
Becchetti, L., R. Ciciretti, and I. Hasan. 2007. Corporate social responsibility and shareholder's Value: An event study analysis. Unpublished Doctoral Dissertation, Federal Reserve Bank of Atlanta.
Bhattacharya, C. B., and S. Sen. 2004. Doing better at doing good: When, why and how consumers respond to corporate social initiatives. California Management Review 47 (1): 9-24.
Black, B., H. Jang, and W. Kim. 2006. Does corporate governance predict firms' market values? Evidence from Korea. Journal of Law, Economics, and Organization 22 (2): 366-413.
Bosworth, D. 2002. The returns to R&D in Tobin q models and the option value of future R&D. Economics Letters 77 (3): 439-444.
Brav, A., and P. A. Gompers. 2003. The role of lock-ups in initial public offerings. Review of Financial Studies 16 (1): 1-29.
Brown, S., and S. A. Hillegeist. 2007. How disclosure quality affects the level of information asymmetry. Review of Accounting Studies 12 (2-3): 443-477.
Burgstahler, D. C., L. Hail, and C. Leuz. 2006. The Importance of reporting incentives: Earnings management in European private and public firms. The Accounting Review 81 (5): 983-1016.
Chih, H. L., C. H. Shen, and F. C. Kang. 2008. Corporate social responsibility, investor protection, and earnings management: Some international evidence. Journal of Business Ethics 79 (1-2): 179-198.
Choi, T. H., and J. Pae. 2011. Business ethics and financial reporting quality: Evidence from Korea. Journal of Business Ethics 103 (3): 403-427.
Chung, K. H., P. Wright, and B. Kedia. 2003. Corporate governance and market valuation of capital and R&D investments. Review of Financial Economics 12 (2): 161-172.
Chung, K., and S. Pruitt. 1994. A simple approximation of Tobin's Q. Financial Management 23 (3): 70-74.
Claessens, S., S. Djankov, and L. H. P. Lang. 2000. The separation of ownership and control in East Asian corporations. Journal of Financial Economics 58 (1-2): 81-112.
Coles, J. L., N. D. Daniel, and L. Naveen. 2008. Boards: Does one size fit all? Journal of Financial Economics 87 (2): 329-356.
Connolly, R. A., and M. Hirschey. 2005. Firm size and the effect of R&D on Tobin's Q. R&D Management 35 (2): 217-223.
Cormier, D., and M. Magnan. 2003. Environmental reporting management: A continental European perspective. Journal of Accounting and Public Policy 22 (1): 43-62.
DeFond, M. L., and K. R. Subramanyam. 1998. Auditor changes and discretionary accruals. Journal of Accounting and Economics 25 (1): 35-67.
DeJong, A., D. V. DeJong, G. M. H. Mertens, and C. E. Wasley. 2005. The role of self-regulation in corporate governance: Evidence and implications from the Netherlands. Journal of Corporate Finance 11 (3): 473-503.
Demsetz, H., and K. Lehn. 1985. The structure of corporate ownerships: Causes and consequences. Journal of Political Economy 93 (6): 1155-1177.
Dierkens, N. 1991. Information asymmetry and equity issues. Journal of Financial and Quantitative Analysis 26 (2): 181-199.
Dutta, S., and F. Gigler. 2002. The effect of earnings forecasts on earnings management. Journal of Accounting Research 40 (3): 631-655.
Elliott, R. K., and P. D. Jacobson. 1994. Cost and benefits of business information disclosure. Accounting Horizons 8 (4): 80-96.
Eltayeb, A. M. 2011. Do market valuation effects of market-to-book ratio and Q estimators systematically affect the financial leverage of Japanese Firms? International Research Journal of Finance and Economics 78 193-209.
Fisher, F. M., and J. J. McGowan. 1983. On the misuse of accounting rates of return to infer monopoly profits. American Economic Review 73 (1): 82-97.
Fombrun, C. J., N. A. Gardberg, and M. L. Barnett. 2000. Opportunity platforms and safety nets: Corporate citizenship and reputational risks. Business and Society Review 105 (1): 85-106.
Frankel, R. M., M. F. Johnson, and K. K. Nelson. 2002. The relation between auditors’ fees for non-audit services and earnings management. The Accounting Review 77 (Supplement): 71-105.
Francis, J., R. P. LaFond, M. Olsson, and K. Schipper. 2004. Costs of equity and earnings attributes. The Accounting Review 79 (4): 967-1010.
Gassen, J., R. U. Flbier, and T. Sellhorn. 2006. International differences in conditional conservatism-The role of unconditional conservatism and income smoothing. European Accounting Review 15 (4): 527- 564.
Gedajlovic, E., and D. M. Shapiro. 2002. Ownership structure and firm profitability in Japan. Academy of Management Journal 45 (2): 565-575.
Hamada, R. S. 1972. The effect of the firm’s capital structure on the systematic risk of common stocks. Journal of Finance 27 (2): 435-452.
Heflin, F., K. W. Shaw, and J. J. Wild. 2005. Disclosure policy and market liquidity: Impact of depth quotes and order sizes. Contemporary Accounting Research 22 (4): 829-866.
Hong, Y., and M. L. Andersen. 2011. The relationship between corporate social responsibility and earnings management: An exploratory study. Journal of Business Ethics 104 (4): 461-471.
Hooghiemstra, R. 2000. Corporate communication and impression management-New perspectives why companies engage in corporate social reporting. Journal of Business Ethics 27 (1-2): 55-68.
Hunton, J., R. Libby, and C. Mazza. 2006. Financial reporting transparency and earnings management. The Accounting Review 81 (1): 135-157.
Jelic, R., B. Saadouni, and R. Briston. 1998. The accuracy of earnings forecast in IPO prospectuses on the Kuala Lumpur Stock Exchange1984-1995. Accounting and Business Research 29 (1): 57-72.
Jensen, M. C. 2001. Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance 22 (1): 32-42.
Joseph, F. 2012. Comparing the informativeness of two income smoothing measures. Journal of Interdisciplinary Business Studies 1 1-45.
Kim, Y., M. S. Park, and B. Wier. 2012. Is earnings quality associated with corporate social responsibility? The Accounting Review 87 (3): 761-796.
Kim, I., and M. Venkatachalam. 2011. Are sin stocks paying the price for accounting sins? Journal of Accounting, Auditing and Finance 26 (2): 415-442.
Korajczyk, R. A., D. J. Lucas, and R. L. McDonald. 1992. Equity issues with time-varying asymmetric information. Journal of Financial and Quantitative Analysis 27 (3): 397-417.
Kolk, A. 2003. Trends in sustainability reporting by the Fortune Global 250. Business Strategy and the Environment 12 (5): 279-291.
Korajczk, R. A., D. J. Lucas, and R. L. McDonald. 1992. Equity issues with time-varying asymmetric information. Journal of Financial and Quantitative Analysis 27 (3): 397-417.
Lang, M., and R. Lundholm. 1993. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research 31 (2): 246-271.
Lang, L. H. P., and R. M. Stulz. 1994. Tobin’s q, corporate diversification, and firm performance. Journal of Political Economy 102 (6): 1248-1280.
Lang, M., K. Lins, and M. Maffett. 2012. Transparency, liquidity, and valuation: International evidence on when transparency matters most. Journal of Accounting Research 50 (3): 729-774.
Leuz, C., D. Nanda, and P. D. Wysocki. 2003. Earnings management and investor protection: An international comparison. Journal of Financial Economics 69 (3): 505-527.
Lobo, G. J., and J. Zhou. 2001. Disclosure quality and earnings management. Asia-Pacific Journal of Accounting and Economics 8 (1): 1-20.
Loderer, C., and U. Waelchli. 2010. Firm age and performance. Unpublished Doctoral Dissertation, University of Berne.
Logue, D. E. 1973. On the pricing of unseasoned equity issues: 1965-1969. Journal of Financial and Quantitative Analysis 8 (1): 91-103.
Mackey, A., T. B. Mackey, and J. B. Barney. 2007. Corporate social responsibility and firm performance: Investor preferences and corporate strategies. Academy of Management Review 32 (3): 817-835.
Mandelker, G. N., and S. G. Rhee. 1984. The impact of the degrees of operating and financial leverage on systematic risk of common stock. Journal of Financial and Quantitative Analysis 19 (1): 45-57.
Martinez, A. L., and M. A. R. Castro. 2010. The smoothing hypothesis, stock returns and risk in Brazil. Brazilian Administration Review 8 (1): 1-20.
McWilliams, A., and D. Siegel. 2000. Corporate social responsibility and financial performance: Correlation or misspecification? Strategic Management Journal 21 (5): 603-609.
McGuire, J. B., A. Sundgren, and T. Schneeweis. 1988. Corporate social responsibility and firm financial performance. Academy of Management Journal 31 (4): 854-872.
Mohanty, P. 2003. Institutional investors and corporate governance in India. National Stock Exchange of India Research Initiative Paper No. 15.
Morck, R., A. Shleifer, and R. W. Vishny. 1988. Management ownership and market valuation: An empirical analysis. Journal of Financial Economics 20 (1): 293-315.
Moses, O. D. 1987. Income smoothing and incentives: Empirical tests using accounting changes. The Accounting Review 62 (2): 358-377.
Mohammadi, S., M. M. Maharlouie, and O. Mansouri. 2012. The effect of cash holdings on income smoothing. Interdisciplinary Journal of Contemporary Research in Business 4 (2): 523-533.
Myers, J. N., L. A. Myers, and D. J. Skinner. 2007. Earnings momentum and earnings management. Journal of Accounting, Auditing and Finance 22 (2): 249-284.
Nagar, V., and M. V. Rajan. 2001. The revenue implications of financial and operational measures of product quality. The Accounting Review 76 (4): 495-513.
Neubaum, D. O., and S. A. Zahra. 2006. Institutional ownership and corporate social performance: The moderating effects of investment horizon, activism, and coordination. Journal of Management 32 (1): 108-131.
Prior, D., J. Surroca, and J. A. Tribó. 2008. Are socially responsible managers really ethical? Exploring the relationship between earnings management and corporate social responsibility. Corporate Governance: An International Review 16 (3): 160-177.
Pyo, G., and H. Y. Lee. 2013. The association between corporate social responsibility activities and earnings quality: Evidence from donations and voluntary issuance of CSR reports. The Journal of Applied Business Research 29 (3): 945-962.
Ruf, B. M., K. R. Muralidhar, M. Brown, J. J. Janney, and K. Paul. 2001. An empirical investigation of the relationship between change in corporate social performance and financial performance: A stakeholder theory perspective. Journal of Business Ethics 32 (2): 143-156.
Salewski, M., and H. Zulch. 2013. The association between corporate social responsibility(CSR) and earnings quality-Evidence from European Blue Chips. Unpublished Doctoral Dissertation, HHL Leipzig Graduate School of Management.
Tre´bucq, S., and R. Russ. 2005. The case of earnings and stakeholder management: Towards an integrated theory of managerial behavior. Paper presented at European Accounting Association 28th Annual Congress.
Trueman, B., and S. Titman. 1988. An explanation for accounting income smoothing. Journal of Accounting Research 26 (Supplement): 127-139.
Tucker, J. W., and P. A. Zarowin. 2006. Does Income Smoothing Improve Earnings Informativeness? The Accounting Review 81 (1): 251-270.
Van Veen-Dirks, P., and M. Wijn. 2002. Strategic control: Meshing critical success factors with the balanced scorecard. Long Range Planning 35 (4): 407-427.

QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top