請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/61127
標題: | 非一般公認會計準則績效可比較性、分析師預測準確度和經理人使用排除項 Non-GAAP Earnings Comparability, Analysts’ Forecast Accuracy, and Managerial Use of Exclusion Items |
作者: | Yuan-Yang Liu 劉元揚 |
指導教授: | 劉啟群(Chi-Chun Liu) |
關鍵字: | Non-GAAP績效,可比較性,分析師預測準確度,經理人排除項之使用, Non-GAAP earnings,comparability,analysts’ forecast accuracy,managerial use of exclusion items, |
出版年 : | 2020 |
學位: | 碩士 |
摘要: | 本文旨在研究非一般公認會計準則之績效(以下簡稱Non-GAAP績效)可比較性對分析師預測準確度和經理人使用排除項之影響。近年來,隨著揭露Non-GAAP績效之公司越來越多,許多文獻開始探討經理人揭露Non-GAAP績效之動機和對於資訊使用者之影響。過去文獻指出分析師在預測公司績效時,會輔以Non-GAAP績效,且Non-GAAP績效會影響分析師做出之預測 (Bhattacharya et al., 2003; Andersson and Hellman, 2007);除此之外,過去研究也發現經理人會為了消弭與投資人間的資訊不對稱而更改其對於Non-GAAP績效之定義 (Black et al., 2018)。然而,鮮少文獻探討Non-GAAP績效之可比較性對資訊使用者之影響。因此,本研究結合過往Non-GAAP績效和可比較性相關文獻,探討Non-GAAP績效可比較性和分析師預測準確度和經理人排除項之使用是否存在顯著關係。本研究結果指出,Non-GAAP績效可比較性和分析師預測準確度存在正向顯著關係,而Non-GAAP績效可比較性也和經理人排除項之使用存在正向顯著關係。本研究結果也顯示,Non-GAAP績效可比較性和使用較多一次性排除項之公司存在正向顯著關係。 This study examines the associations between Non-GAAP comparability and analysts’ forecast accuracy as well as managerial use of exclusion items. Over the past decades, more and more firms disclose Non-GAAP earnings along with GAAP earnings in the press releases and this proliferation of Non-GAAP earnings motivates researchers to focus on Non-GAAP reporting. Although prior research suggests that analysts do use Non-GAAP earnings metrics when anticipating firms’ performance and managers changes their definition of Non-GAAP earnings mainly because of informative reasons (Bhattacharya et al., 2003; Andersson and Hellman, 2007; Bhattacharya et al., 2003; Andersson and Hellman, 2007; Black et al., 2018), there is little literature on Non-GAAP earnings comparability and its influence on information users. Therefore, I combine the two streams of research to examine whether there are significant associations between Non-GAAP earnings comparability on analyst’ forecast accuracy as well as managerial use of exclusion items. The result suggests that there is a significantly positive association between Non-GAAP earnings comparability and analysts’ forecast accuracy and there are significantly positive associations between Non-GAAP earnings comparability and managerial use of exclusion items as well as firms that exclude more special items over recurring items. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/61127 |
DOI: | 10.6342/NTU202001224 |
全文授權: | 有償授權 |
顯示於系所單位: | 會計學系 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
U0001-3006202022441000.pdf 目前未授權公開取用 | 1.37 MB | Adobe PDF |
系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。