請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34005
完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 蔡彥卿 | |
dc.contributor.author | Ying-Mei Cheng | en |
dc.contributor.author | 鄭英美 | zh_TW |
dc.date.accessioned | 2021-06-13T05:51:20Z | - |
dc.date.available | 2011-07-10 | |
dc.date.copyright | 2006-07-10 | |
dc.date.issued | 2006 | |
dc.date.submitted | 2006-07-05 | |
dc.identifier.citation | 一、中文文獻
沈中華與池祥麟(2003),“從投資人保護觀點與展望理論探討各國銀行業盈餘管理之現象與動機”,財務金融特刊(TSSCI), Vol.31(3):407-458。 沈中華、陳錦村與吳孟紋(2004),“更早期預警模型:台灣銀行業道德指標的建立及影響”,管理學報 (TSSCI), 未出版。 林玫秀(2002),“台灣上市上櫃盈餘管理現象之研究”,碩士論文,私立中原大學會計研究所。 林家靜(2004),“公司治理、盈餘管理與投資人報酬之關聯性研究”,碩士論文,國立政治大學。 吳庭州(1997),“股權結構、盈餘管理與盈餘資訊性之研究”碩士論文,私立輔仁大學管理研究所。 吳明儀(1997),“管理當局股權結構與盈餘管理相關性之研究”,碩士論文,國立中興大學會計研究所。 吳幸蓁(2001),“總經理薪酬績效敏感性、績效門檻與盈餘管理關聯性之研究”,碩士論文,國立中正大學會計研究所。 高蘭芬(2002),“董監事股權質押之代理問題對會計資訊與公司績效之影響”,博士論文,國立成功大學會計研究所。 桑蔚文(2004),“公司治理與盈餘管理”,碩士論文,國立台灣大學。 陳良銘(2004),“公司治理特性與盈餘管理程度關聯性之研究”,碩士論文,國立高雄第一科技大學。 陳怡君(2004),“財務危機公司盈餘管理方式之研究”,碩士論文,私立中原大學會計研究所。 財團法人中華會計研究發展基金會,第三十五號公報「資產減損之會計處理準則」,2004年七月。 郭淑芬(1996),“董監事特性與盈餘操縱現象及盈餘品質之關聯性研究”,碩士論文,國立中正大學會計研究所。 郭紹彬(2005),“資產減損之會計實務剖析”,會計研究月刊,第232期,頁91。 葉銀華、李存修與柯承恩(2002),“公司治理與評等系統”,商智文化。 蔡怡屏(2005),“關係人交易與盈餘管理的關聯性-以國內上市公司為例”,碩士論文,國立成功大學會計研究所。 二、英文文獻 Beasley, M. S. (1996). “An empirical analysis of the relation between the board of director composition and financial statement fraud”. The Accounting Review,Vol.71 (Oct):443-465. Chen, K. (1991). “The timing of asset write downs in the oil and gas industry:1985-1986”. Petroleum Accounting and Financial Management Journal (Fall/Winter):157-169. Claessens, S., S. Djankov, J. Fan, and H. P. Lang (2002). “Disentangling the Incentive and Entrenchment Effect of Large Shareholdings”, Journal of Finance, Vol.57 (Dec):2741-2771. Dechow, P. M., R. G. Sloan, and A. P. Sweeney (1996). “Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC”. Contemporary Accounting Research,Vol.13 (Spring):1-36. Degeorge, F., J. Patel, and R. Zeckhauser. (1999). “Earnings management to exceed thresholds”. Journal of Business, Vol.72 (Jan): 1-33. Edward J. Riedl (2004). “An examination of long-lived asset impairment”. The Accounting Review ,Vol.79 (Jul):823-852. Francis, J., J. Hanna, and L. Vincent (1996). “Causes and effects of discretionary asset write-offs”. Journal of Accounting Research,Vol.34 (Supplement):117-134. Fan, J., and T. Wong (2002). “Corporate ownership structure and the informativeness of accounting earnings in East Asia”. Journal of Accounting and Economics, Vol.33 (Aug): 401-425. Healy, P. (1985). “The impact of bonus schemes on the selection of accounting principles”. Journal of Accounting and Economics, Vol.7:85-107. Jensen, M. C. and W. H. Meckling (1976). “Theory of the firm: managerial behavior, agency costs, and ownership structure”. Journal of Financial Economics ,Vol.3:305-360. Klein, A. (2002). “Audit Committee, board of director characteristics, and earnings management”. Journal of Accounting and Economics,Vol.33 (Aug):375-400. La Porta, R., F. Lopez-de-Silanes, and A. Shleifer (1999). “Coporate Ownership around the World”. Journal of Finance,Vol.54 (Apr), 471-517. Moses, O. D. (1987). “Income smoothing and incentives: empirical tests using accounting changes”. The Accounting Review, Vol.62 (April):358-377. Strong, J. and J. Meyer (1987). “Assest writedowns:Managerial incentives and security return”. Journal of Finance, Vol.42 (Jul):643-661. Zucca, L., and D. Compbell (1992). “A closer look at discretionary write-downs of impaired assets”. Accounting Horizons, Vol.6 (Sep):30-41. Xie, B., W. N. Davidson and P. J. DaDalt (2003). “Earnings management and corporate governance: the role of the board and the audit committee”. Journal of Corporate Finance, Vol.9 (Jun):295-316. | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34005 | - |
dc.description.abstract | 我國財務會計準則委員會於民國93年發布財務會計準則35號公報「資產減損之會計處理準則」,由於資產減損會計處理涉及諸多假設和判斷,以致資產減損之金額、提列時點及減損後迴轉之時點等都易受到管理當局之操縱,因此資產減損之會計處理常淪為盈餘管理之工具;其中使用價值之折現率在現實環境中根本不可能找到真正理想的折現率,因此折現率之取決可能是35號公報在適用上最困難的議題且容易成為資產減損盈餘管理之工具。
綜上所述,本文針對我國93年年報或94年半年報已適用且提列資產減損之上市上櫃公司為樣本進行研究,試圖分析資產減損之認列與公司當期盈餘表現之關聯性,以探討我國資產減損之認列是否有盈餘操縱之疑慮;並且進一步針對財務報表上已揭露使用價值折現率之公司進行分析,探討公司是否有可能藉由折現率之操縱,以達到操縱盈餘之目的;實證結果顯示: 一、盈餘門檻與資產減損之金額存在顯著關聯性,顯示管理當局會因盈餘門檻而影響資產減損金額之提列,藉以達到洗大澡或盈餘平穩化之盈餘操縱。 二、折現率與盈餘門檻之間無顯著關聯性,顯示管理當局並不會因盈餘門檻,而高估折現率,藉以多認列資產減損而達到盈餘管理之目的。 三、使用價值之折現率與公司治理之間無顯著關聯性。 使用價值之折現率並未發現操縱之行為,本文認為可能原因為:(1)折現率之操縱並非其唯一工具,管理當局可能偏好其它操縱方式來影響資產減損,如現金流量之估計等。(2)可能已存在樣本偏差。(3)本研究以自行估計之加權平均資金成本(WACC)作為判斷標準,可能與企業所用以估計之折現率標準不一。 此外,本文發現有部分公司所採用之折現率明顯不合常理,如日馳(2.91%)、必翔(3.30%)、元隆(3.62%)、精碟(3.58%)及大展證券(1.78%)等公司,所採用之折現率低於中央銀行基本放款利率,而本文認為這些公司有可能係為了規避資產減損金額之認列,因而低估折現率。 | zh_TW |
dc.description.abstract | Name :Ying-Mei Cheng Month / Year: June, 2006
Advisor :Yan-Ching Tsai Title :A study of the relationship between asset impairment and earnings management. Financial Accounting Standards Committee in Taiwan pronounced SFAS NO.35 “Accounting for Asset Impairment” in 2004. Since the implementation of SFAS NO.35 substantially involves accounting assumptions and estimates, firms maybe take advantage of SFAS NO.35 as an earnings management device. In addition, it is hard to obtain the ideal discount rate in the real world, so the determination of the discount rate may be another issue to be concerned and a source of earnings management after the adoption of SFAS NO.35. The paper tries to examine the association between the amount of asset impairment reported and firm’s current performance in exploration of the existence of earnings management. The sample consists of TSE & OTC listing firms, which have implemented SFAS NO.35 and recognized impairment in 2003 annual financial reports or 2004 semi-annual financial reports. The paper also examines whether firms intend to manage earnings through the manipulation of the discount rate. The empirical analysis reveals that: (1)The amount of asset impairment reported is significantly associated with the performance thresholds. The result indicates that managers may apply flexibility in the reporting decisions relating to asset impairment so as to smooth earnings or take big bath. (2)The discount rate is insignificantly associated with the performance thresholds. The result reveals that managers may not overestimate the discount rate so as to manage earnings. (3)The association between the discount rate and corporate governance is insignificant. There is no manipulation behavior for the discount rate of value in use, and the possible reasons are:(1) the discount rate is not the only device for the amount determination of the amount for asset impairment, and managers maybe prefer other ways- an estimate of cash flow, for example. (2) maybe there are sample biases. (3) WACC calculated in the paper may be not the standard which firms take for an estimate of the discount rate. In addition, I find that the discount rates taken by part of firms are unreasonable, SUNRACE (2.91%), PIHSIANG (3.30%), AMPI (3.62%), PRODISC (3.58%) and TACHAN(1.78%) et al., for example. The discount rates of these firms are below prime rate of Central Bank, and I think these firms may underestimate the discount rate to reduce the recognition of asset impairment. | en |
dc.description.provenance | Made available in DSpace on 2021-06-13T05:51:20Z (GMT). No. of bitstreams: 1 ntu-95-R92722030-1.pdf: 540170 bytes, checksum: f6040134702b151cef59936d796c9c7f (MD5) Previous issue date: 2006 | en |
dc.description.tableofcontents | 目 錄
第一章 緒論……………………………………………………… 1 第一節 研究背景………………………………………………… 1 第二節 研究範圍與目的………………………………………… 2 第二章 文獻探討………………………………………………… 4 第一節 資產減損之簡介………………………………………… 4 第二節 盈餘管理………………………………………………… 5 第三節 資產減損與盈餘管理…………………………………… 8 第四節 公司治理與盈餘管理 ……………………………………11 第三章 研究方法 …………………………………………………18 第一節 模型推導與變數定義 ……………………………………19 第二節 樣本與資料收集 …………………………………………33 第四章 實證結果與分析 …………………………………………38 第一節 敘述統計 …………………………………………………38 第二節 實證結果與分析 …………………………………………46 第五章 研究結論與建議 …………………………………………58 第一節 研究結論 …………………………………………………58 第二節 研究限制與後續研究建議 ………………………………61 參考文獻 …………………………………………………………63 附錄一:上市上櫃公司採用35號公報之認列情況 ……………67 附錄一:刪除金融及證券產業後之實證結果…………………71 | |
dc.language.iso | zh-TW | |
dc.title | 資產減損與盈餘管理之關聯性研究 | zh_TW |
dc.title | A study of the relationship between asset impairment and earnings management. | en |
dc.type | Thesis | |
dc.date.schoolyear | 94-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 李文智,林瑞青 | |
dc.subject.keyword | 資產減損,折現率,公司治理,盈餘管理, | zh_TW |
dc.subject.keyword | Asset Impairment,The Discount Rate,Earnings Management,Corporate Governance, | en |
dc.relation.page | 75 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2006-07-06 | |
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 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
ntu-95-1.pdf 目前未授權公開取用 | 527.51 kB | 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。