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研究生:楊湘華
研究生(外文):YANG,HSIANG-HUA
論文名稱:關鍵查核事項與股價暴跌風險之關聯性
論文名稱(外文):The Relationship between Key Audit Matter and Stock Price Crash Risk
指導教授:洪聖閔洪聖閔引用關係
指導教授(外文):HUNG,SHENG-MIN
口試委員:陳宗岡吳淑鈴
口試委員(外文):CHEN,TSUNG-KANGWU,SHU-LING
口試日期:2019-06-04
學位類別:碩士
校院名稱:東吳大學
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:2019
畢業學年度:107
語文別:中文
論文頁數:43
中文關鍵詞:關鍵查核事項股價暴跌風險
外文關鍵詞:Key Audit MatterStock Price Crash Risk
相關次數:
  • 被引用被引用:2
  • 點閱點閱:410
  • 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:1
本研究旨在探討會計師於查核報告中揭露之關鍵查核事項數量與股價暴跌風險之關聯性,自新式查核報告開始適用後,投資人可以透過新式查核報告的關鍵查核事項段瞭解公司財務報表不實表達風險較高之處。內部控制不佳的公司,會計師於考量公司的控制風險時,會設定在較高水準,查核報告中揭露的關鍵查核事項數量也會因此增加。然而,常見之關鍵查核事項大多為財務報表中較複雜及需要管理階層重大判斷之事項,很有可能是管理階層為了盈餘管理而隱瞞之負面消息,而公司的股價會因為這些管理階層長期隱瞞的負面消息嚴重高估,最後當累積的負面消息超過臨界點時,負面消息將會突然釋放至股票市場,導致股價暴跌。除此之外,公司治理的好壞也會影響查核報告中揭露關鍵查核事項造成之股價暴跌風險,因為良好的公司治理會讓投資人對公司出具之財務報表具有信任感,而公司治理的運作核心為董事會,董事具有專業知識者,可以更有效的治理公司。實證結果顯示查核報告中的公司查核報告中關鍵查核事項數量越多,公司股價暴跌風險越高;另外,董監事為專家者,對查核報告中關鍵查核事項數量與公司股價暴跌風之正向關聯具有減緩之效果。
This study examines the relation between key audit matter and stock price crash risk. Since extended audit report was adopted, investors could understand the high risk of financial misstatements. The company with poor internal control will be set at a higher control risk level by CPA, and key audit matter disclosed in the audit report will also increase. However, most of key audit matters in the audit report are complicated and require the management’s significant judgment. It is very likely that management conceals negative news for earnings management, and company’s stock price will be seriously overestimated because of the long-term concealed negative news. Finally, when the accumulated negative news exceeds the critical point, the negative news will be suddenly released, and the stock price will plummet. In addition, the corporate governance will also affect the risk of stock price crash caused by key audit matters in the audit report, because good corporate governance will make investors have confidence in the quality of financial statements issued by the company. Furthermore, the core of corporate governance is the function of board of directors, and the directors have the expertise to manage the company more effectively. The empirical results show that the more the key audit matters in the audit report are, the higher the risk of the company's stock price crash is. In addition, when the directors and supervisors are experts, the positive relation between the number of key audit matter items in the audit report and the company's stock price crash will be moderated.
目錄
摘要I
AbstractII
謝辭III
目錄IV
表目錄V
圖目錄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 研究架構及流程5
第二章 文獻探討7
第一節 新式查核報告之關鍵查核事項介紹7
第二節 關鍵查核事項相關之文獻9
第三節 股價暴跌風險相關之文獻11
第四節 公司治理相關之文獻14
第三章 研究方法17
第一節 研究假說17
第二節 研究模型20
第三節 變數定義22
第四節 研究樣本26
第四章 實證結果27
第一節 敘述性統計及相關係數分析27
第二節 實證結果分析30
第三節 增額測試33
第五章 研究結論與建議39
第一節 研究結論39
第二節 研究限制40
第三節 研究建議40
參考文獻 41

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