政府政治關係對會計盈餘資訊內涵之影響

Abstract

本文主要檢視政府政治關係對會計盈餘資訊內涵的影響。本研究從股權結構中的政府持股比率與董事會組成中政府董事席次比率作為政治關係的主要探討變數。實證結果發現，從股權結構層面分析，政府持股比率與盈餘資訊內涵呈顯著負向關係，表示政府持股比率愈高的公司其盈餘較不具有資訊內涵。另一方面，從董事會組成層面分析發現，政府董事席次比率與會計盈餘資訊內涵呈顯著的負向關係，表示政府董事席次比率愈高的公司其盈餘較不具有資訊內涵。然而，本研究也發現當政府董事席次比率超過55.36%時，政府董事席次比率與會計盈餘資訊內涵則呈顯著的正相關，代表公司盈餘在此區段較具有資訊內涵。

This paper examines the influence of government political relations on the informativeness of accounting earnings. This research uses government shareholdings and the ratio of board seats owned by the government as the variables of government political relations. The empirical results show that the effect of government shareholdings on earnings informativeness is significantly negative, which means the more government shareholdings, the less the informativeness of earnings of a company. Moreover, the effect on accounting informativeness of the board seats owned by the government is found to be significantly negative, which means the informative content is less with an increased size of government seats in the corporate board composition. However, it is also found that when the ratio of board seats owned by the government is over 55.36%, the relation between the ratio of board seats owned by government and the informativeness of earnings is significantly positive.