請用此 Handle URI 來引用此文件：
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/71151完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 廖珮真(Pei-Cheng Liao) | |
| dc.contributor.author | Po-Chang Chen | en |
| dc.contributor.author | 陳柏璋 | zh_TW |
| dc.date.accessioned | 2021-06-17T04:55:41Z | - |
| dc.date.available | 2023-08-15 | |
| dc.date.copyright | 2018-08-15 | |
| dc.date.issued | 2018 | |
| dc.date.submitted | 2018-07-29 | |
| dc.identifier.citation | 一、中文文獻
王貞靜、潘虹華、戚務君，2012，以C-Score 衡量會計穩健性在臺灣的適用性，會計審計論叢，第二卷第二期，頁1-31。 王泰昌、林修葳、許文馨、陳漢鐘、劉嘉雯，2017，會計穩健性：基於亞洲國家資料研究之回顧，臺大管理論叢，第二十七卷第四期，頁1-48。 王韻怡、池祥萱、周冠男，2016，行為財務學文獻回顧與展望：台灣市場之研究，經濟論文叢刊，第四十四卷第一期，頁1-55。 吳大成，2002，會計穩健原則對會計盈餘影響：台灣上市公司財務報表表達是否愈來愈保守，國立成功大學會計學研究所之碩士論文。 吳安妮、彭火樹、郭翠菱、詹凌菁，2016，臺灣會計領域研究之回顧與展望，管理學報，第三十三卷第一期，頁139-187。 呂姿儀，2014，管理者的過度自信、外資持股對會計保守性之影響，開南大學會計學研究所之碩士論文。 宋承寧，2012，總經理過度自信之績效研究，國立高雄應用科技大學企業管理學研究所之碩士論文。 李佳伶，2003，公司法人股東與經營績效相關性之研究，國立台灣大學財務金融研究所之碩士論文。 李孟玲，2011，經理人自信程度與公司績效，國立政治大學財務管理學研究所之碩士論文。 李淑華、柯伯昇、方偉廉、李文智，2010，股市對長期淨營業資產之成長是否能理性反應？，中山管理評論，第十八卷第二期，頁563-588。 周賓凰，2002，「認知失調及其在財務研究之應用」，貨幣觀測與信用評等，第三十八期，頁15~22。 洪玉舜、黃煒婷，2016，中國特別處理企業之會計穩健性與公司治理，中山管理評論，第二十四卷第三期，頁447-501。 高蘭芬、盧正壽、黃冠智、陳安琳，2012，公司治理、公司績效與投資策略，中山管理評論，第二十卷第三期，頁851-880。 陳文郡，2014，經理人過度自信與風險管理，國立暨南國際大學財務金融學研究所之碩士論文。 陳育成、薛建宏，2002，我國產業風險乘數因子抵換關係之實證研究，台灣管理學刊，第二卷第二期，頁51-76。 陳芃君，2013，穩健會計與企業投資效率性之關係，國立中興大學會計學研究所之碩士論文。 張力、蔡函芳、林翠蓉、王禹軒、洪榮華，2013，家族企業特性與經理人過度自信對其舉債決策之影響，中山管理評論，第二十一卷第一期，頁123-163。 戚務君、廖益均、林嬋娟，2008，我國企業盈餘穩健特性之研究，會計學報，第一卷第一期，頁1-27。 黃文育，2013，會計穩健對損失公司財務影響之研究，國立成功大學財務金融學研究所在職專班之碩士論文。 黃梓蒼，2011，內部人及機構投資者持股與公司價值關聯性分析，醒吾學報，第五十七卷第一期，頁81-106。 曾筱晴，2014，經理人過度自信對會計穩健性的影響，國立高雄大學金融管理學研究所之碩士論文。 葉昕翰，2013，過度自信經理人與錯價對融資選擇之影響，國立中興大學會計學研究所之碩士論文。 詹家昌、吳懿成、許月瑜，2010，融資限制對公司盈餘管理影響之研究，管理與系統，第十九卷第三期，頁463-494。 劉永欽、洪榮華，2006，過度自信與股市交易行爲關聯性之實證研究－以國內證券商爲例，中山管理評論，第十四卷第三期，頁569-603。 劉啟群、林純央、林宗翰，2013，穩健原則下資訊認列不對稱之多期性研究，證券市場發展季刊，第二十五卷第一期，頁1-26。 鄭如軒，2012，產業集中對內部公司治理機制以及經營績效之影響－以台灣上市櫃公司為例，國立中山大學企業管理學系之碩士論文。 謝明瑞，2007，企業管理人的決策偏差行為之探討－以過度自信與羊群效應為例，財團法人國家政策研究基金會之國政研究報告。 薛健宏，2008，董監持股、盈餘平穩化與企業風險之關連性研究，會計評論，第四十六期，頁107-130。 蘇聖妮，2011，金融風暴時期公司治理特性對會計保守性之影響，國立高雄第一科技大學財務管理學研究所之碩士論文。 二、英文文獻 Ahmed, A. S., and Duellman, S. 2007. Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics, 43(2/3), 411-437. Ahmed, A. S., and Duellman, S. 2010. Evidence of the role of accounting conservatism in monitoring managers’ investment decisions. Accounting and Finance, 51(3), 609–633. Ahmed, A. S., and S. Duellman. 2013. Managerial overconfidence and accounting conservatism. Journal of Accounting Research, 51(1), 1–30. Akerlof, G. A.1970. The market for ‘lemons’: Qualitative uncertainty and the market mechanism. Quarterly Journal of Economics, 84 (1970), 488–500. Arditti, F. D. 1967. Risk and the Required Return on Equity. The Journal of Finance, 22(1), 19-36. Astebro,T., Jeffrey, S. A., and Adomdza, G. K. 2007. Inventor perseverance after being told to quit: The role of cognitive biases. Journal of Behavioral Decision Making, 20(3), 253–272. Balakrishnan, K., Watts, R. L., and Zuo, L. 2016. The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis. Journal of Business Finance & Accounting, 43(5/6), 513–542. Ball, R. 2001. Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and Disclosure.Brookings-Wharton Papers on Financial Services. Ball, R., and L. Shivakumar. 2005. Earnings quality in U.K. private firms: Comparative loss recognition timeliness. Journal of Accounting and Economics, 39(1), 83–128. Ball, R., and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6(2), 159-178. Basu, S. 1997. The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics, 24(1), 3‐37. Beaver, W. H., and Ryan, S. G. 2005. Biases and lags in book value and their effects on the ability of the book-to-market ratio to predict book return on equity. Journal of Accounting Research, 38(1), 127-148. Chen, S. S., Ho, K. Y., and Ho, P. H. 2014. CEO Overconfidence and Long-Term Performance Following R&D Increases. Financial Management, 43(2), 245-269. Cheng, Y. K. 2007. The Trader Interaction Effect on the Impact of Overconfidence on Trading Performance: An Empirical Study. Journal of Behavioral Finance, 8(2), 59-69. Chi, W., Liu, C., and Wang, T. 2009. What affects accounting conservatism: A corporate governance perspective. Journal of Contemporary Accounting & Economics, (1), 47-59. Cohen, J., Cohen, P., West, S. G., and Aiken, L. S. 2003. Applied Multiple Regression/Correlation Analysis for the Behavioral Sciences (3rd ed.). Hillsdale, NJ: Lawrence Erlbaum. Collins, D. W., Hribar, P., and Tian, X. 2014. Cash flow asymmetry: Causes and implications for conditional conservatism research. Journal of Accounting and Economics, 58(2/3), 173–200. Daniel, K., Hirshleifer, D., and Subrahmanyam, A. 1998. Investor Psychology and Security Market Under- and Overreactions. Journal of Finance, 53, 1839–1886. Dhaliwal, D. S., Huang, S. X., Khurana, I. K., and Pereira, R. 2009. Product Market Competition and Accounting Conservatism. School of Accountancy. University of Missouri at Columbia. Dutt, T., and Jenner, M. H. 2013. Stock Return Volatility, Operating Performance and Stock Returns: International Evidence on Drivers of the ‘Low Volatility’ Anomaly. Journal of Banking and Finance, 37(3), 999-1017. Fama, E. F., and French, K. R. 1995. Size and Book‐to‐Market Factors in Earnings and Returns. The Journal of Finance, 50(1), 131-155. Franci, J. R., and Martin, X. 2010. Acquisition profitability and timely loss recognition. Journal of Accounting and Economics, 49(1/2), 161–178. Galasso, A., and T. S. Simcoe. 2011. CEO overconfidence and innovation. Management Science, 57(8), 1469–1484. Garcia Lara, J. M., Garcia Osma, B., and Penalva, F. 2016. Accounting conservatism and firm investment efficiency. Journal of Accounting and Economics, 61(1), 221-238. Gervais, S., Heaton, J. B., and Odean, T. 2002. The positive role of overconfidence and optimism in investment policy. Working paper, Rodney White Center for Financial Research. Gervais, S., Heaton, J. B., and Odean, T. 2003. Overconfidence, Investment Policy, and Executive Stock Options. SSRN Electronic Journal. Gervais, S., Heaton, J. B., and Odean, T. 2009. Overconfidence, compensation contracts, and labor markets. Mimeo, Fuqua School of Business, Duke University. Givoly, D., and Hayn, C. 2000. The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting and Economics, 29(3), 287-320. Goel, A.M., and Thakor, A.V. 2008. Overconfidence, CEO selection, and corporate governance. Journal of Finance, 63, 2737-2784. Griffin, D., and Tversky, A. 1992. The Weighing of Evidence and the Determinants of Confidence. Cognitive Psychology, 24, 411-435. Hackbarth, D. 2008. Managerial traits and capital structure decisions. Journal of Financial and Quantitative Analysis, 43, 843-882. Hackbarth, D. 2009. Determinants of corporate borrowing: A behavioral perspective. Journal of Corporate Finance, 15, 389-411. Hall, M., and Weiss, L. 1967. Firm Size and Profitability. The Review of Economics and Statistics, 49(3), 319-331. Heath, C., and Tversky, A. 1991. Preference and Belief: Ambiguity and Competence in Choice under Uncertainty. Journal of Risk and Uncertainty, 4, 5-28. Hilary, G., and Menzly, L. 2001. Does Past Success Lead Analysts to Become Overconfident? Management Science, 52, 489–500. Hirschman, A. O. 1967. The principle of the hiding hand. Public Interest, 6(Winter), 10–23. Hirshleifer, D., Low, A., and Teoh, H. 2012. Are overconfident CEOs better innovators? Journal of Finance, 67(4), 1457–1498. Homburg, C., and Nasev, J. 2008. How Timely are Earnings When Costs are Sticky? Implications for the Link Between Conditional Conservatism and Cost Stickiness. SSRN Electronic Journal. Hribar P., and Yang, H. 2016. CEO overconfidence, management earnings forecasts, and earnings management. Contemporary Accounting Research, 33(1), 204-227. Hsu, C., Novoselov, K. E., and Wang, R. 2017. Does Accounting Conservatism Mitigate the Shortcomings of CEO Overconfidence? The Accounting Review, 92(6), 77-101. Hutten, E. 2014. The influence of leverage on firm performance: A corporate governance perspective. Bachelorthesis International Business Administration. Irene, C. 2007. Book-to-market ratio as a predictor of performance: a case study of companies listed at the NAIROBI STOCK EXCHANGE(NSE). School of Business, University of NAIROBI. Jijun, N. 2010. The effect of CEO overconfidence on bank risk taking. Economics Bulletin, AccessEcon, 30(4), 3288-3299. Kahneman, D., and Riepe, M. W. 1998. Aspects of Investor Psychology. Journal of Portfolio Management, 24, 52-65. Kahneman, D., and Lovallo, D. 1993. Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking. Management Science, 39, 17–31. Khan, M., and Watts, R. L. 2009. Estimation and empirical properties of a firm-year measure of accounting conservatism. Journal of Accounting and Economics, 48(2/3), 132–150. Kidd, J. B. 1970. The utilization of subjective probabilities in production planning. Acta Psychologica, 34, 338-347. LaFond, R., and Watts, R. L. 2008. The Information Role of Conservatism. The Accounting Review, 83(2), 447-478. Lamont, O., Polk, C., and Requejo, J. S. 2001. Financial Constraints and Stock Returns. The Review of Financial Studies, 14(2), 529-554. Lichtenstein, S., Fischhoff, B., and Phillips, L. D. 1982. Calibration of Probability: The State of the Art to 1980. Cambridge University Press, 306-334. Lin, Y. H., Hu, S. Y., and Chen, M. S. 2008. Testing Pecking Order Prediction from the Viewpoint of Managerial Optimism: Some Empirical Evidence from Taiwan. Pacific-Basin Finance Journal, 16(1/2), 160-181. Lovallo, D., and Kahneman D. 2003. Delusions of Success. How Optimism Undermines Executives’ Decisions. Harvard Business Review, 81, 56–63. Malmendier, U., and Tate, G. 2005a. Does Overconfidence Affect Corporate Investment? CEO Overconfidence Measures Revisited. European Financial Management, 11(5), 649-659. Malmendier, U., and Tate, G. 2005b. CEO overconfidence and corporate investment. Journal of Finance, 60(6), 2661–2700. Malmendier, U., and Tate, G. 2008. Who Makes Acquisitions? CEO Overconfidence and the Market’s Reaction. Journal of Financial Economics, 89(1), 20-43. Malmendier, U., Tate, G., and Yan, J. 2007. Corporate Financial Policies with Overconfident Managers. 8th Annual Texas Finance Festival, NBER Working Paper Series, UC Berkeley. March, J. G., and Sharpia, Z. 1987. Managerial Perspectives on Risk and Risk Taking. Management Science, 33, 1404–1418. Moore, P.G. 1977. The manageris struggles with uncertainty. Journal of the Royal Statistical Society, 140, 129-165. Myers, S. C., and Majluf, N. S. 1984. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13, 187-221. Odean, T. 1998. Volume, Volatility, Price and Profit When All Traders Are above Average. Journal of Finance, 53, 1887-1934. Penman, S. H., and Zhang, X. J. 2002. Accounting Conservatism, the Quality of Earnings, and Stock Returns. The Accounting Review, 77(2), 237-264. Portney, L. G., and Watkins, M. P. 2000. Foundations of clinical research：applications to pratice. Pearson/Prentice Hall. Qiang, X. 2007. The Effects of Contracting, Litigation, Regulation, and Tax Costs on Conditional and Unconditional Conservatism: Cross‐Sectional Evidence at the Firm Level. The Accounting Review, 82(3), 759-796. Ramalingegowda, S., and Yu, Y. 2012. Institutional ownership and conservatism. Journal of Accounting and Economics, 53(1/2), 98-114. Schrand, C. M., and Zechman, S. L. C. 2012. Executive overconfidence and the slippery slope to financial misreporting. Journal of Accounting and Economics, 53(1/2), 311–329. Watts, R. L. 2003. Conservatism in accounting, part I: Explanations and implications. Accounting Horizons, 17(3), 207–221. Weiss, D. 2010. Cost Behavior and Analysts' Earnings Forecasts. The Accounting Review, 85(4), 1441-1471. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/71151 | - |
| dc.description.abstract | 過去文獻探討總經理過度自信與公司績效之間的關聯，大多呈現兩者為負相關，而過去文獻探討會計穩健性與公司績效之間的關聯，也大多呈現兩者為負相關，但會計穩健性與公司績效之間為負相關不代表會計穩健性會負面影響公司，會計穩健性反而會透過對投資活動的監督進而正面影響公司。透過會計穩健性對投資活動的監督之下，過度自信的總經理是否能執行對公司有正面影響的投資活動？因此，本篇研究將兩者同時放入模型當中去探討兩者的交互作用與公司績效之間的關聯，探討是否兩者的交互作用與公司績效呈現正相關，研究樣本以台灣經濟新報資料庫裡上市櫃公司2000年至2012年的資料為對象。
實證結果發現，公司具有過度自信的總經理及會計制度較穩健時，兩者的交互作用對公司績效會造成顯著的正面影響。當公司企業風險較高或融資限制程度較大時，總經理過度自信與會計穩健性的交互作用對公司績效的正面影響會更顯著，另外，相對於金融風暴前與金融風暴後，金融風暴期間總經理過度自信與會計穩健性的交互作用對公司績效正面的影響更為顯著。 | zh_TW |
| dc.description.abstract | Many researches document that CEO overconfidence is negatively related to firm performance. Many researches also document that accounting conservatism is negatively related to firm performance. But the negative correlation of accounting conservatism and firm performance doesn’t indicate that accounting conservatism will negatively affect firms, instead accounting conservatism will positively affect firms by supervising investment activities. Under the supervision of investment activities through accounting conservatism, can overconfident CEOs perform investment activities that have positive impacts on firms? Therefore, this study will put both of them and their interaction term into the model and examine the joint effect of CEO overconfidence and accounting conservatism on firm performance.
The results show that, the joint effect of CEO overconfidence and accounting conservatism on firm performance is significantly positive. For firms with higher firm risk or more stringent financing constraints, the joint effect of CEO overconfidence and accounting conservatism on firm performance is stronger, compared to firms with lower firm risk or less stringent financing constraints. In addition, the joint effect of CEO overconfidence and accounting conservatism on firm performance is stronger during the financial crisis, compared to the periods before and after the financial crisis. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-17T04:55:41Z (GMT). No. of bitstreams: 1 ntu-107-R05722050-1.pdf: 1397222 bytes, checksum: e7aad4e96e21b973d0d24f3993a48300 (MD5) Previous issue date: 2018 | en |
| dc.description.tableofcontents | 致謝 ......................................................................................................................i
目錄 ......................................................................................................................ii 表目錄 .....................................................................................................................iv 摘要 .....................................................................................................................v ABSTRACT .................................................................................................................. vi 第一章 緒論 ................................................................................................................ 1 1.1研究背景與動機 .................................................................................................. 1 1.2研究目的與貢獻 .................................................................................................. 3 1.3研究架構與流程 .................................................................................................. 4 第二章 文獻回顧與假說建立 ..........................................................5 2.1總經理過度自信 ......................................................... 5 2.1.1過度自信 ......................................................... 5 2.1.2過度自信的總經理之人格特質 ..........................................................6 2.1.3總經理過度自信對公司績效的影響 ......................................................... 7 2.2會計穩健性 ......................................................... 8 2.2.1穩健原則 ......................................................... 8 2.2.2會計穩健性對公司績效(盈餘)的影響 ......................................................... 9 2.2.3會計穩健性對公司投資的影響 ......................................................... 10 2.3總經理過度自信與會計穩健性的交互作用對公司績效之影響 11 第三章 研究方法 ........................................................ 14 3.1樣本選取與資料來源 ........................................................14 3.2研究模型與變數定義 .........................................................16 3.2.1研究變數及定義 .........................................................16 3.2.2研究模型 ........................................................ 23 第四章 實證結果分析 .........................................................24 4.1敘述性統計分析 .........................................................24 4.2相關性分析 ........................................................ 26 4.3迴歸結果分析 ........................................................ 30 4.3.1 H1之實證結果 ........................................................ 30 4.3.2 H2及H3之實證結果 ........................................................ 36 4.4遺漏變數 ........................................................ 43 4.5額外測試 .........................................................46 第五章 研究結論與建議 .........................................................52 5.1研究結論 ........................................................ 52 5.2研究限制與未來建議 ........................................................ 54 參考文獻 .........................................................55 | |
| dc.language.iso | zh-TW | |
| dc.subject | 總經理過度自信 | zh_TW |
| dc.subject | 會計穩健性 | zh_TW |
| dc.subject | 公司績效 | zh_TW |
| dc.subject | 企業風險 | zh_TW |
| dc.subject | 融資限制 | zh_TW |
| dc.subject | 金融風暴 | zh_TW |
| dc.subject | Financing Constraint | en |
| dc.subject | Accounting Conservatism | en |
| dc.subject | CEO Overconfidence | en |
| dc.subject | Firm Performance | en |
| dc.subject | Financial Crisis | en |
| dc.subject | Firm Risk | en |
| dc.title | 總經理過度自信與會計穩健性之交互作用對公司績效的影響 | zh_TW |
| dc.title | The Joint Effect of CEO Overconfidence and Accounting Conservatism on Firm Performance | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 106-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 廖芝嫻(Chih-Hsien Liao),郭俐君(Li-Chun Kuo) | |
| dc.subject.keyword | 總經理過度自信,會計穩健性,公司績效,企業風險,融資限制,金融風暴, | zh_TW |
| dc.subject.keyword | CEO Overconfidence,Accounting Conservatism,Firm Performance,Firm Risk,Financing Constraint,Financial Crisis, | en |
| dc.relation.page | 64 | |
| dc.identifier.doi | 10.6342/NTU201802149 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2018-07-30 | |
| 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-107-1.pdf 未授權公開取用 | 1.36 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。