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研究生:劉磊莉
研究生(外文):Liu, Lei Li
論文名稱:會計師特性與客戶投資效率關係之研究:來自中國上市公司的證據
論文名稱(外文):The Relation between Auditor Characteristics and Client Investment Efficiency:Evidence from China
指導教授:金成隆金成隆引用關係
口試委員:劉正田姚維仁
學位類別:碩士
校院名稱:國立政治大學
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:2018
畢業學年度:106
語文別:中文
論文頁數:55
中文關鍵詞:會計師投資效率產業專家國有企業
外文關鍵詞:AuditorsInvestment efficiencyIndustrial expertsState-owned enterprise
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本篇論文的主要目的是檢測會計師是否會影響其客戶投資效率。本研究以2007至2016年間的中國上市公司為樣本,實證結果顯示:(1)事務所層級的產業專家對客戶投資效率有積極影響。(2)會計師個人、事務所皆為產業專家時相對於非產業專家可以提高其客戶的投資效率且其對客戶的投資效率的影響大於單一產業專家。(3)會計師個人、事務所皆為產業專家時,對於國有企業投資效率的影響小於非國有企業。綜上會計師在提高客戶的投資效率方面起著至關重要的作用。
The objective of this thesis is to examine whether the auditors affect the investment efficiency of its client. Using a sample of Chinese listed firms during 2007~2016, I find that: (1) Audit-firm-level industry expert is positively associated with its clients’ investment efficiency. (2) Industry expert at both firm and partner levels has stronger effect on investment efficiency than industry expert, either at firm-level alone, or at partner level alone. (3) When auditors are industry expert at both firm and partner levels, the effect of industry expertise on investment efficiency is more pronounced for non-state-owned enterprises than state-owned enterprises. In sum, auditors play a critical role in enhancing firm’s investment efficient.
目錄
壹、前言 1
第一節、研究動機與目的 1
第二節、研究問題 3
第三節、研究思路與研究框架 4
貳、文獻綜述 5
第一節、會計資訊與投資效率文獻綜述 5
第二節、產業專家文獻綜述 7
第三節、國有企業與投資效率文獻綜述 8
叁、研究設計 9
第一節、研究假說 9
第二節、資料來源與選取 12
第三節、變數設計 13
第四節、模型構建 18
肆、實證分析 20
第一節、敘述性統計 20
第二節、相關係數分析 25
第三節、迴歸分析 26
第四節、進一步檢驗 32
伍、 研究結論與限制 37
第一節、研究結論 37
第二節、研究限制 38
陸、參考文獻 39
圖目錄
圖1 研究框架圖 44
表目錄
表1變數定義 45
表2敘述性統計(N= 10,113) 46
表3Spearman 相關係數(N= 10,113) 47
表4會計師是否為產業專家與投資效率關聯繫之研究 49
表5會計師與國有、非國有企業與投資效率之關聯性分析 51
表6變數定義-2 52
表7會計師是否為產業專家與投資效率關聯繫之研究 53
表8會計師與國有、非國有企業與投資效率之關聯性分析 55
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