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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 許文馨 | zh_TW |
dc.contributor.advisor | Wen-Hsin Hsu | en |
dc.contributor.author | 吳維祥 | zh_TW |
dc.contributor.author | Wei-Hsiang Wu | en |
dc.date.accessioned | 2024-07-01T16:10:04Z | - |
dc.date.available | 2024-07-02 | - |
dc.date.copyright | 2024-07-01 | - |
dc.date.issued | 2024 | - |
dc.date.submitted | 2024-06-24 | - |
dc.identifier.citation | 方順逸 (2019).”IFRS16「租賃」公報影響試析”貨幣觀測與信用評等 201907 (138期): 86-93.
金管會新聞稿 (2017).“我國於108年接軌國際財務報導準則第16號「租賃」” https://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=201712190003&toolsflag=Y&dtable=News Ahmed, A. S., et al. (2006). "Does recognition versus disclosure matter? Evidence from value‐relevance of banks'' recognized and disclosed derivative financial instruments." The Accounting Review 81(3): 567-588. Barth, M. E., et al. (2003). "Market effects of recognition and disclosure." Journal of Accounting research 41(4): 581-609. Bonsall, S. B. and B. P. Miller (2017). "The impact of narrative disclosure readability on bond ratings and the cost of debt." Review of Accounting Studies 22: 608-643. Bratten, B., et al. (2013). "Evidence that market participants assess recognized and disclosed items similarly when reliability is not an issue." The Accounting Review 88(4): 1179-1210. Callahan, C. M., et al. (2013). "The valuation and reliability implications of FIN 46 for synthetic lease liabilities." Journal of Accounting and Public Policy 32(4): 271-291. Chatterjee, C. (2020). "Efficiency gains from accounting regulatory compliance." Available at SSRN 3736028. Cheng, A., et al. (2022). "Operating Leases and the Market’s Assessment of Equity Risk: Evidence from the Implementation of ASC 842." Available at SSRN. Cheng, L., et al. (2022). "Debt contracting and changes to the accounting for leases: Implications of Accounting Standards Codification 842." Available at SSRN 4203733. Christensen, D., et al. (2022). "Reporting incentives and consequences of lease accounting standards." SSRN Electron. J. Christensen, D., et al. (2021). "You don''t know what you don''t know: Improvements in investment efficiency prior to a mandated accounting change." Chu, L., et al. (2008). The impact of lease obligations on loan pricing. CAAA) 2008 Annual Conference Paper. Cornaggia, K. J., et al. (2013). "Bringing leased assets onto the balance sheet." Journal of Corporate Finance 22: 345-360. Davis‐Friday, P. Y., et al. (2004). "Recognition and disclosure reliability: Evidence from SFAS No. 106." Contemporary Accounting Research 21(2): 399-429. Dechow, P. M., et al. (1995). "Detecting earnings management." Accounting Review: 193-225. Fang-Klingler, J. (2019). "Impact of readability on corporate bond market." Journal of Risk and Financial Management 12(4): 184. Fang, X., et al. (2014). "The effect of annual report readability on cost of debt." Canadian Academic Accounting Association (CAAA) Annual Conference. Ferreira, P. P., et al. (2022). "Capital Structure Effects Associated with the New Lease Accounting Standard." Kenan Institute of Private Enterprise Research Paper(2517124). Hirshleifer, D. and S. H. Teoh (2003). "Limited attention, information disclosure, and financial reporting." Journal of Accounting and Economics 36(1-3): 337-386. Hirst, D. E., et al. (2004). "Fair values, income measurement, and bank analysts'' risk and valuation judgments." The Accounting Review 79(2): 453-472. Hoffmann, A. O. and S. Kleimeier (2021). "Financial disclosure readability and innovative firms'' cost of debt." International Review of Finance 21(2): 699-713. Imhoff Jr, E. A., et al. (1991). "Operating leases: Impact of constructive capitalization." Accounting Horizons 5(1): 51-63. Imhoff Jr, E. A. and J. K. Thomas (1988). "Economic consequences of accounting standards: The lease disclosure rule change." Journal of Accounting and Economics 10(4): 277-310. Koonce, L., et al. (2005). "Judging the risk of financial instruments: Problems and potential remedies." The Accounting Review 80(3): 871-895. Li, F. (2008). "Annual report readability, current earnings, and earnings persistence." Journal of Accounting and Economics 45(2-3): 221-247. Lim, S. C., et al. (2017). "Do operating leases expand credit capacity? Evidence from borrowing costs and credit ratings." Journal of Corporate Finance 42: 100-114. Ma, M. S. and W. B. Thomas (2023). "Economic consequences of operating lease recognition." Journal of Accounting and Economics 75(2-3): 101566. Maines, L. A. and L. S. McDaniel (2000). "Effects of comprehensive‐income characteristics on nonprofessional investors'' judgments: The role of financial‐statement presentation format." The accounting review 75(2): 179-207. Milian, J. A. and E. J. Lee (2023). "Did the recognition of operating leases cause a decline in equity valuations?" Journal of Behavioral Finance: 1-15. Müller, M. A., et al. (2015). "Recognition versus disclosure of fair values." The Accounting Review 90(6): 2411-2447. Paik, D. G. H., et al. (2015). "The relation between accounting information in debt covenants and operating leases." Accounting Horizons 29(4): 969-996. Schallheim, J., et al. (2013). "Do leases expand debt capacity?" Journal of Corporate Finance 23: 368-381. Schipper, K. (2007). "Required disclosures in financial reports." The Accounting Review 82(2): 301-326. Spencer, A. W. and T. Z. Webb (2015). "Leases: A review of contemporary academic literature relating to lessees." Accounting Horizons 29(4): 997-1023. Yoon, Y. S. (2020). "Recognition versus disclosure: Operating lease capitalization and managerial leasing decisions." Available at SSRN 3689446. | - |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/92800 | - |
dc.description.abstract | IFRS 16要求在財務報表中認列營業租賃負債,而不僅是在附註中揭露而已。我發現在新的租賃標準實施後,那些在調節表中租賃負債高於中位數的公司之債務資金成本增加。這一發現表明,在IFRS 16生效之前,由於債權人可能並未完全納入資產負債表外的營業租賃負債,或者至少在評估公司特定的信用風險時,對附註中的資訊賦予的權重較低,進而導致了注意力偏差,使債權人低估了公司因這些負債而帶來的信用風險,而IFRS 16的採用將可以增強債權人對公司真實信用風險的評估。此外,由於IFRS 16預期將會提高財務報表的可靠性、透明度及負債槓桿,因此我推測那些受IFRS 16影響的公司,其債務資金成本可能會有增加的現象。基於以上,我蒐集了租賃揭露中的調節表資料來做研究,最後實證結果驗證了我的假說。不僅如此,我還發現有關租賃揭露可讀性較高的公司可以減少此債務成本增加的現象。本篇論文的研究限制,主要來自對於可讀性的衡量範圍,由於時間及精力有限,本篇論文所衡量的可讀性範圍為整體財務報告,並非僅針對有關租賃資訊相關的揭露來做衡量。我的研究對認列與揭露及可讀性的文獻做出了貢獻,除此之外,我的研究對標準制定者和實務工作者具有重要意義,因為這些發現可以幫助 IASB 在 IFRS 16實施後審查其影響。 | zh_TW |
dc.description.abstract | IFRS 16 requires the inclusion of operating lease liabilities in financial statements rather than just disclosing them in footnotes. The implementation of the new lease standard resulted in an increase in the cost of debts for companies with lease liabilities above the median on reconciliations tables. This finding suggests that prior to the implementation of IFRS 16, creditors may not have fully accounted for off-balance-sheet operating lease liabilities, or at least placed less weight on the information in the notes when assessing a company''s specific credit risk. This likely led to an attention bias, causing creditors to underestimate the credit risk posed by these liabilities. The implementation of IFRS 16 will enhance creditors'' assessment of a company''s true credit risk. Furthermore, since IFRS 16 is expected to enhance reliability, transparency, and leverage of liabilities, I hypothesize that companies affected by IFRS 16 may experience an increase in their cost of debts. Based on this premise, the reconciliation table data from lease disclosures is collected for the research and the empirical results ultimately confirmed my hypothesis. Additionally, companies with higher readability in lease disclosures may mitigate the increase in their cost of debts. The limitations of this study primarily pertain to the scope of readability measurement. Due to time and resource constraints, this paper assesses the readability of the overall financial report rather than focusing solely on lease-related disclosures. The research contributes to the literature on recognition and disclosure as well as readability. In addition, the research has significant implications for standard setters and practitioners, as the findings may assist the IASB in reviewing the impact of IFRS 16 post-implementation. | en |
dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2024-07-01T16:10:04Z No. of bitstreams: 0 | en |
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dc.description.tableofcontents | 謝辭 i
中文摘要 ii Abstract iii 1.0 Introduction 1 2.0 Literature Review 10 2.1 Recognition versus Disclosure 10 2.2 Literature on ASC 842 11 2.3 Literature of Readability on Costs of Debts 13 3.0 Hypothesis Development 16 4.0 Research Design and Sample Selection 22 4.1 Sample Selection 22 4.2 Model Specification 22 5.0 Empirical Results 27 5.1 Descriptive Statistics 27 5.2 Multivariate Analyses 28 6.0 Additional Tests 31 6.1 Parallel Trends Assumption 31 7.0 Conclusion 33 Reference 35 Appendix A. Background 39 Part 1. The Evolution of Lease Accounting Standards 39 Part 2. The reasons for the transition from IAS 17 to IFRS 16 42 Part 3. The Reconciliation of Lease Liabilities from IAS 17 to IFRS 16 44 Part 4. Explanation for Capitalization for Operating Leases 45 Part 5. The Impact from IAS 17 to IFRS 16 49 Appendix B. The Difference between IFRS 16 and ASC 842 55 Appendix C. Examples of the Quality of Readability 57 Appendix D. Variable Definition 61 | - |
dc.language.iso | en | - |
dc.title | 導入IFRS16對於資金成本之影響 | zh_TW |
dc.title | The Impact of IFRS 16 Implementation on Cost of Debts | en |
dc.type | Thesis | - |
dc.date.schoolyear | 112-2 | - |
dc.description.degree | 碩士 | - |
dc.contributor.coadvisor | 堯里昂 | zh_TW |
dc.contributor.coadvisor | Leon van Jaarsveldt | en |
dc.contributor.oralexamcommittee | 劉心才;廖麗凱 | zh_TW |
dc.contributor.oralexamcommittee | Hsin-Tsai Liu;Li-Kai Liao | en |
dc.subject.keyword | 國際財務報導準則第 16 號,租賃,債務資金成本,租賃負債,債權人,認列與揭露,可讀性, | zh_TW |
dc.subject.keyword | IFRS 16,Lease,Cost of debts,Lease liability,Creditors,Recognition versus disclosure,Readability, | en |
dc.relation.page | 70 | - |
dc.identifier.doi | 10.6342/NTU202401292 | - |
dc.rights.note | 同意授權(限校園內公開) | - |
dc.date.accepted | 2024-06-24 | - |
dc.contributor.author-college | 管理學院 | - |
dc.contributor.author-dept | 會計學系 | - |
顯示於系所單位: | 會計學系 |
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