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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 王泰昌(Taychang Wang) | |
| dc.contributor.author | Chia-lin Chiu | en |
| dc.contributor.author | 邱佳玲 | zh_TW |
| dc.date.accessioned | 2021-06-08T05:14:51Z | - |
| dc.date.copyright | 2006-07-03 | |
| dc.date.issued | 2006 | |
| dc.date.submitted | 2006-06-26 | |
| dc.identifier.citation | Amihud, Y. and H. Mendelson., 1986. Asset pricing and bid-ask spread. Journal of Financial Economics 17: 223-249.
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An examination of cultural influence on audit environment. Research in Accounting Regulation (Supplement 1): 129-148. Yardley, J., N. Kauffman, T. Cairney, and D. Albrecht, 1992. Supplier behavior in the U.S. audit market. Journal of Accounting Literature 11: 151-18 | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/24050 | - |
| dc.description.abstract | 近年來研究指出,除了市場風險之外，資訊風險亦為一影響公司權益資金成本之因素(Easley and O’Hara 2004, Leuz and Verrecchia 2004)。而外部審計在資本市場中扮演著降低資訊不對稱以及提高財務報表公信力的角色，亦即審計品質越佳，投資人所面臨的資訊風險越低。在此前提下，本研究以審計品質做為衡量資訊風險之替代變數，探討審計品質與權益資金成本之關聯性。由於審計品質無法被投資人直接觀察得知，因此本研究以過去文獻經常使用的會計師事務所規模、產業專家、客戶依存度、裁決性應計數以及會計師事務所任期等做為審計品質的替代衡量指標。研究期間為民國84年至民國94年，總樣本數為744家台灣上市櫃公司，涵蓋15個產業，總計4293公司年。依據審計品質之高低建立投資組合，進行資產訂價之測試。
研究發現，除市場風險之外，加入資訊風險之替代變數，即審計品質之各項衡量指標後，不但提高了整體對股價報酬變動的解釋力，且當審計品質越佳，公司之風險溢酬越低；因此，研究結果支持審計品質越佳，資訊風險越低，則公司權益資金成本越低的說法。此外，在控制會計師事務所自我選擇的可能影響之後，結果仍然不變。 | zh_TW |
| dc.description.abstract | Whether investors price audit quality, the proxy for the information risk, is investigated in this study. Audit quality is measured in this research as audit firm size, industry specialist, economic dependence on a specific-client, accrual quality and audit firm tenure. Based on theoretical models predicting a positive association between information risk and cost of equity, the finding suggests that poorer audit quality is associated with higher costs of equity even after controlling for auditors’ potential self-selection bias. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-08T05:14:51Z (GMT). No. of bitstreams: 1 ntu-95-R92722048-1.pdf: 424386 bytes, checksum: fdac4ecdf806f2765f5d87e91ffd8985 (MD5) Previous issue date: 2006 | en |
| dc.description.tableofcontents | 1. Introduction-------------------------------------1
2. Literature Review--------------------------------6 2.1 Information Risk and Cost of Equity Capital------7 2.1.1 Theoretical Background---------------------------7 2.1.2 Accounting Information and Cost of Capital------11 2.2 The Role of Audit in Capital Market-------------12 2.3 Audit Quality----------------------------------15 2.3.1 Audit Firm Size --------------------------------17 2.3.2 Economic Dependence on a specific client -------19 2.3.3 Industry Specialist-----------------------------21 2.3.4 Accrual Quality---------------------------------25 2.3.5 Audit Tenure------------------------------------26 2.4 Cost of Equity Capital-------------------------28 3. Research Design---------------------------------31 3.1 Research Hypothesis----------------------------------31 3.2 Sample Selection-------------------------------------31 3.3 Empirical Model--------------------------------------34 3.3.1 Dependent Variable---------------------------------37 3.3.2 Explanatory Variables------------------------------38 3.4 Descriptive Statistics-------------------------------46 4. Empirical Results-------------------------------51 4.1 Correlations between Dependent and Explanatory Variables------------------------------------------------51 4.2 Asset-Pricing Tests-----------------------------56 4.3 Control Auditor’s Self-Selection Bias----------64 5. Sensitive Tests---------------------------------------69 6. Conclusions-------------------------------------------75 Reference------------------------------------------------78 | |
| dc.language.iso | en | |
| dc.subject | 資訊風險 | zh_TW |
| dc.subject | 審計品質 | zh_TW |
| dc.subject | 權益資金成本 | zh_TW |
| dc.subject | information risk | en |
| dc.subject | cost of equity | en |
| dc.subject | audit quality | en |
| dc.title | 審計品質與權益資金成本之關聯性 | zh_TW |
| dc.title | The relationship between audit quality and cost of equity | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 94-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.coadvisor | 劉嘉雯(Chiawen Liu) | |
| dc.contributor.oralexamcommittee | 林瑞青(Rueyching lin) | |
| dc.subject.keyword | 審計品質,資訊風險,權益資金成本, | zh_TW |
| dc.subject.keyword | audit quality,information risk,cost of equity, | en |
| dc.relation.page | 85 | |
| dc.rights.note | 未授權 | |
| dc.date.accepted | 2006-06-27 | |
| 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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