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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 林嬋娟 | |
dc.contributor.author | Che-Chia Chang | en |
dc.contributor.author | 張哲嘉 | zh_TW |
dc.date.accessioned | 2021-06-08T05:10:31Z | - |
dc.date.copyright | 2011-07-26 | |
dc.date.issued | 2011 | |
dc.date.submitted | 2011-07-12 | |
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/23816 | - |
dc.description.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. | en |
dc.description.provenance | Made available in DSpace on 2021-06-08T05:10:31Z (GMT). No. of bitstreams: 1 ntu-100-D94722001-1.pdf: 3500400 bytes, checksum: 1e9147f87972b498af34d61209337a3f (MD5) Previous issue date: 2011 | en |
dc.description.tableofcontents | 1. Introduction 1
2. Related Literature and Research Hypotheses 6 2.1 Cost of Diversification 6 2.2 Conditional Conservatism as a Mechanism for Diversification 8 2.2.1 Overinvestment in Diversified Firms and Conditional Conservatism 10 2.2.2 Inefficient Cross-Subsidization and Conditional Conservatism 12 2.2.3 Value Discount of Diversification and Conditional Conservatism 14 2.3 Effect of Corporate Governance on the Association between Corporate Diversification and Conditional Conservatism 16 3. Methodology 17 3.1 Measures of Conditional Conservatism 17 3.1.1 Conservatism Score in Khan and Watts (2009) 18 3.1.2 Conservatism Ratio in Callen et al. (2010) 19 3.2 Empirical Model 21 3.2.1 Empirical Model for Testing Hypothesis 1 21 3.2.2 Empirical Model for Testing Hypothesis 2 23 3.2.3 Empirical Model for Testing Hypothesis 3 24 3.3 Sample Selection 25 4. Empirical Results 27 4.1 Descriptive Statistics 27 4.2 Multivariate Analyses 30 4.2.1 Results of Overinvestment in Diversified Firms and Conditional Conservatism 30 4.2.2 Results of Inefficient Cross-Subsidization and Conditional Conservatism 31 4.2.3 Results of the Value Discount of Diversification and Conditional Conservatism 32 5. Additional Tests 33 5.1 Level of Conditional Conservatism in Focused and Diversified Firms 33 5.2 Controlling the Effect of Accruals Quality 35 5.3 Controlling the Innate Factors of Earnings Attributes 36 5.4 Dividing the Post-SFAS-131 Period into the Pre- and Post-SOX Period 37 6. Conclusion 38 Appendix A: Variable Definition 40 Appendix B: Estimation of Overinvestment 44 Appendix C: Estimation of Inefficient Cross-Subsidization 47 References 50 | |
dc.language.iso | en | |
dc.title | 企業多角化與穩健會計 | zh_TW |
dc.title | Corporate Diversification and Conditional Conservatism | en |
dc.type | Thesis | |
dc.date.schoolyear | 99-2 | |
dc.description.degree | 博士 | |
dc.contributor.oralexamcommittee | 陳聖賢,戚務君,何耕宇,李艷榕,劉啟群 | |
dc.subject.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, | zh_TW |
dc.subject.keyword | corporate diversification,conditional conservatism,Statement of Financial Accounting Standards No. 131,overinvestment,inefficient cross-subsidization,value discount, | en |
dc.relation.page | 72 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2011-07-12 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
顯示於系所單位: | 會計學系 |
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