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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/23816
Title: | 企業多角化與穩健會計 Corporate Diversification and Conditional Conservatism |
Authors: | Che-Chia Chang 張哲嘉 |
Advisor: | 林嬋娟 |
Keyword: | 企業多角化,穩健會計,財務會計準則第131號公報,過度投資,無效率交叉補貼,價值減損, corporate diversification,conditional conservatism,Statement of Financial Accounting Standards No. 131,overinvestment,inefficient cross-subsidization,value discount, |
Publication Year : | 2011 |
Degree: | 博士 |
Abstract: | Diversified firms suffer from value discount due to overinvestment and inefficient cross-subsidization. This paper conjectures that conditional conservatism ex ante reduces manager proclivity for inefficient decision, and ex post facilitates investor monitoring. This paper shows that conditional conservatism mitigates overinvestment and inefficient cross-subsidization, thereby mitigating value discount in diversified firms. The FASB issued SFAS No. 131 to improve the quality and quantity of segment information. Under SFAS No. 131, managers have less ability to offset information, and fewer incentives to make inefficient decisions. This paper shows that conditional conservatism reveals a less pronounced mitigating effect on overinvestment and inefficient cross-subsidization after implementing SFAS No. 131. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/23816 |
Fulltext Rights: | 未授權 |
Appears in Collections: | 會計學系 |
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File | Size | Format | |
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ntu-100-1.pdf Restricted Access | 3.42 MB | Adobe PDF |
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