請用此 Handle URI 來引用此文件：
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/70439完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳坤志 | |
| dc.contributor.author | Yi-Hsuan Tu | en |
| dc.contributor.author | 涂苡瑄 | zh_TW |
| dc.date.accessioned | 2021-06-17T04:28:13Z | - |
| dc.date.issued | 2020 | |
| dc.date.submitted | 2020-06-16 | |
| dc.identifier.citation | Amit, R., J. Brander, and C. Zott. 1998. Why Do Venture Capital Firms Exist? TheoryAnd Canadian Evidence. Journal of Business Venturing 13(6): 441-466 Barry, C. B., C. J. Muscarella, J. W. Peavy Iii, and M. R. Vetsuypens. 1990. The role of venture capital in the creation of public companies: Evidence from the going-public process. Journal of Financial Economics 27(2): 447-471 Beatty, P. R., and J. R. Ritter, 1986. Investment banking, reputation, and the underpricing of initial public offerings. Journal of Financial Economics 15(1–2): 213-232 Bradley, D. J., and B.D. Jordan, 2002. Partial Adjustment to Public Information and IPO Underpricing. The Journal of Financial and Quantitative Analysis 37(4):595-616 Cooke, T. E. 1991. An assessment of voluntary disclosure in the annual reports of Japanese corporations. International Journal of Accounting 26 (3):174-189 Craswell, A. T., and J. R. Francis. 1999. Pricing Initial Audit Engagements: A Test of Competing Theories. The Accounting Review74(2):201-216 Daniel, J. B. and J. D. Bradford, 2002. Partial Adjustment to Public Information and IPO Underpricing. Journal of Financial and Quantitative Analysis 37(4): 595-616 Elston, J. and J. J. Yang. 2010. Venture capital, ownership structure, accounting standards and IPO underpricing: Evidence from Germany. Journal of Economics and Business 62(6):517-536 Francis, B., and I. Hasan. 2001. The Underpricing of Venture and Nonventure Capital IPOs: An Empirical Investigation. Journal of Financial Services Research 19(2):99-113 Gompers, P. A. 2004. Grandstanding in the venture capital industry. Journal of Financial Economics 42(1): 133-156 Gorman, M., and W. A. Sahlman. 1989. What do venture capitalists do? Journal of Business Venturing 4(4):231-248 Grinblatt, M., and C. Y. Hwang. 1989. Signalling and the Pricing of New Issues. Journal of Finance 44(2):393-420 Gul, F. A., and S. L. Tsui. 1998. A test of the free cash flow and debt monitoring hypotheses : Evidence from audit pricing. Journal of Accounting and Economics 24(1):219—237 Hellman, T., and M. Puri. 2002. Venture Capital and Professionalization of Start-Up Firms: Empirical Evidence. Journal of Finance 57(1):169-197 Jain, B. A., and O. Kini. 1994. The post‐issue operating performance of IPO firms. The Journal of Finance 49(5):1699-1726 Jegadeesh, N., M. Weinstein, , and I. Welch. 1993. An empirical investigation of IPO returns and subsequent equity offerings. Journal of Financial Economics 34(2): 153- 175 Jenkinson, T., and A. Ljungqvist. 2001. Going public: The theory and evidence on how companies raise equity finance. Oxford University Press on Demand. Kim, H., and H. Fukukawa. 2013. Japan's Big 3 Firms' Response to Clients' Business Risk: Greater Audit Effort or Higher Audit Fees? International Journal of Auditing 17(2):190-212 Lee, P. M., and S. Wahal. 2004. Grandstanding, certification and the underpricing of venture capital backed IPOs. Journal of Financial Economics 73(2):375-407 Lin, H. T.1996. The Certification Role of Large Block Shareholders in Initial Public Offerings: The Case of Venture Capitalists. Quarterly Journal of Business and Economics 35(2):55-89 Lyon, J. D., and M. W. Maher. 2005. The Importance of Business Risk in Setting Audit Fees: Evidence from Cases of Client Misconduct. Journal of Accounting Research 43(1):133-151 Meek, G. K., C. B. Roberts, and S. J. Gray. 1995. Factors influencing voluntary annual report disclosures by US, UK and continental European multinational corporations.Journal of International Business Studies (Third Quarter):555-572 Megginson, L. W., and K. A. Weiss, 1991. Venture Capitalist Certification in Initial Public Offerings. Journal of Finance 46(3):879-903 Michaely, R., and W. H. Shaw. 1994. The pricing of initial public offerings: Tests of adverse-selection and signaling theories. The Review of Financial Studies 7(2): 279- 319 Niemi, L. 2002. Do firms pay for audit risk? Evidence on risk premiums in audit fees after direct control for audit effort. International Journal of Auditing Volume 6(1):37-51 Ritter, J. R., and I. Welch. 2002. A review of IPO activity, pricing, and allocations. The Journal of Finance 57(4):1795-1828 Rock, K., 1986. Why new issues are underpriced. Journal of Financial Economics 15(1–2): 187-212 Simunic, D. A. 1980. The Pricing of Audit Services : Theory and Evidence. Journal of Accounting Research 18(1):161-190 Spiess, D. K., and R. H. Pettway. 1997. The IPO and first seasoned equity sale: Issue proceeds, owner/managers' wealth, and the underpricing signal. Journal of Banking Finance 21(7):967-988 Timothy B. Bell, T. B, W. R. Landsman., and D. A. Shackelford. 2001. Auditors' Perceived Business Risk and Audit Fees: Analysis and Evidence. Journal of Accounting Research 39(1):35-43 Wang, C. K., and Q. Lu. 2003. Effects of venture capitalists' participation in listed companies. Journal of Banking Finance 27(10):2015-2034 Welch, I., 1989. Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings. Journal of Finance 44(2):421-449 Yung, C., and J. F. Zender. 2010. Moral hazard, asymmetric information and IPO Lockups. Journal of Corporate Finance 16(3):320-332 余淑芳，1988，〈 影響台灣地區會計師事務所決定專業服務費用因素之研究，國 立 〉政治大學會計研究所碩士論文。 雷秀英，1990，〈 影響會計師財務簽證公費決定因素之研究 〉，東吳大學會計 學系碩士論文。 林雅菁，1997，〈 審計公費影響因素之研究 〉，東吳大學會計學系碩士論文。 翁文課，1998，〈 非審計服務、事務所規模與審計公費關聯性之研究 〉，國立 中正大學會計學系碩士論文。 張仲岳、曹美娟，2005，〈 台灣上市公司審計公費之決定因素 〉，《 當代會 計 》，第60期：125-152 陳耀宗、劉若蘭、林坤霖，2003，〈 產業專家、客戶滿意度與審計公費之關聯 性研究 〉，《 會計評論 》，第37期：25-50 | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/70439 | - |
| dc.description.abstract | 本研究探討在公司公開發行的過程中，創投參與是否改善公司與外部人之間的資訊不對稱，進而降低資訊風險，並且透過首次公開發行後前幾年的審計公費而體現。據文獻指出，首次公開發行過程中存在資訊不對稱的問題，而「創投參與」因為具有認證及監督效果而被視為衡量公司資訊風險的關鍵性指標。因此本研究主要透過實證模型探討創投參與對公司資訊風險的影響，由於先前研究多以發行折價幅度及長短期公司經營績效作為創投參與對公司風險影響的衡量變數，因此本研究希望以同樣反應公司風險的「審計公費」作為衡量變數，以有別於以往的角度探討創投參與是否降低公司資訊風險，並進而降低公司的審計公費。 本研究結果發現，創投參與使審計公費顯著降低了14.1%，證明了創投參與的認證及監督效果。另外，年輕創投參與的公司審計公費反而顯著上升了11.65%。此結果顯示，創投對被投資公司而言確實有效改善了資訊不對稱的問題，使公司資訊風險顯著降低，並反映在審計公費上，然而值得注意的是，創投公司若為創立年數較短的年輕創投，則會有反向的效果。 | zh_TW |
| dc.description.abstract | This paper investigates whether venture capital will improve information asymmetry in the IPO process, eventually shows its effect on audit fees during the first few years after IPO. Empirical results show venture capital lowers the audit fees by 14.1%. However, if a company was invested by young venture capital, the audit fees will increase by 11.65%. These results point out that venture capital do lower corporate risk by improving information asymmetry and therefore lower their audit fees. In contrast, if the venture capital was young and lack of experience, the effect will reverse. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-17T04:28:13Z (GMT). No. of bitstreams: 1 ntu-109-R07722036-1.pdf: 1655351 bytes, checksum: e8115e279b0f079a7fcf744c436fb635 (MD5) Previous issue date: 2020 | en |
| dc.description.tableofcontents | 論文口試委員審定書............................................i 謝辭.........................................................ii 中文摘要.....................................................iii ABSTRACT...................................................iv 目錄........................................................v 表目錄.......................................................vi 第一章、 緒論.................................................1 第二章、 文獻探討與研究假設 ....................................5 第一節、 首次公開發行過程中的資訊不對稱..........................5 第二節、 創投對首次公開發行的影響...............................8 第三節、 審計公費如何反應被查核公司的風險.......................11 第四節、 研究假說...........................................14 第三章、 研究設計.............................................16 第一節、 樣本選取與資料來源...................................16 第二節、 實證模型...........................................18 第四章、 實證結果.............................................23 第一節、 敘述性統計分析......................................23 第二節、 相關係數分析........................................25 第三節、 實證結果析.........................................28 第四節、 額外測試...........................................37 第五章、 結論、限制與建議......................................39 第一節、 研究結論 ..........................................39 第二節、 研究限制與建議 .....................................40 參考文獻.....................................................41 | |
| dc.language.iso | zh-TW | |
| dc.subject | 資訊不對稱 | zh_TW |
| dc.subject | 創投參與 | zh_TW |
| dc.subject | 公司資訊風險 | zh_TW |
| dc.subject | 審計公費 | zh_TW |
| dc.subject | 公開發行首日折價 | zh_TW |
| dc.subject | Venture capital | en |
| dc.subject | Corporate risk | en |
| dc.subject | Audit fee | en |
| dc.subject | IPO underpricing | en |
| dc.subject | Information asymmetry | en |
| dc.title | 創投參與和首次公開發行股票的風險：以審計公費的角度切入 | zh_TW |
| dc.title | Venture Capital and Information Asymmetry in the IPO Process ：Evidence from Audit Fee | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 109-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 吳瑞萱,顏如君,周庭楷 | |
| dc.subject.keyword | 資訊不對稱,創投參與,公司資訊風險,審計公費,公開發行首日折價, | zh_TW |
| dc.subject.keyword | Information asymmetry,Venture capital,Corporate risk,Audit fee,IPO underpricing, | en |
| dc.relation.page | 46 | |
| dc.identifier.doi | 10.6342/NTU202000982 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2020-06-16 | |
| 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-109-1.pdf 未授權公開取用 | 1.62 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。