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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 高偉娟(Wei-Chuan Kao) | |
dc.contributor.author | Bing-Yan Lin | en |
dc.contributor.author | 林秉諺 | zh_TW |
dc.date.accessioned | 2021-06-17T07:10:38Z | - |
dc.date.available | 2021-01-20 | |
dc.date.copyright | 2021-01-20 | |
dc.date.issued | 2020 | |
dc.date.submitted | 2021-01-04 | |
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/72927 | - |
dc.description.abstract | 本研究旨在探討2017年美國稅改對自由現金流量與公司審計公費關係之影響。美國於2018年開始全面實施《減稅及工作法案》(The Tax Cuts and Jobs Act),此法案將法定稅率從35%調降至21%且提供多項租稅優惠。學術界對於稅改實施對自由現金流量與公司審計公費關係之影響,缺少著墨,為此,本研究遂進行以下各項研究以探究之。 本研究採用之樣本為西元2015年至2018年美國Compustat資料庫之所有公司,利用這些樣本,本研究探究在《減稅及工作法案》實施後,自由現金流量高之公司,相較於自由現金流量低之公司,其審計公費是否有顯著增加。 本研究主要利用傾向評分匹配配對樣本後,透過「差異中之差異估計法」進行迴歸測試,實證結果顯示,受《減稅及工作法案》影響而維持高自由現金流量之公司,相較於自由現金流量低之公司,其審計公費顯著增加;本研究亦發現,在《減稅及工作法案》政策實施後,企業之公司治理特性若屬於董事會獨立性較低、董監事無財務背景、經理人具有過度自信特質或裁決性應計數程度較高的公司,對於其審計公費之影響會較為顯著;此外,本研究亦進行安慰劑測試及額外測試,以強化前述實證結果。 本研究證實此次稅改,對於美國審計市場具有一定程度的影響,此可供政府未來在制定相關法案時參考引用。 | zh_TW |
dc.description.abstract | This study examines the effect of the free cash flow on corporate audit pricing under the 2017 Tax Cuts and Jobs Act (TCJA). Because the TCJA reduces statutory tax rate from 35% to 21% and provides several tax benefits for corporations, one of the changes possibly induced by the TCJA is the increase in corporate free cash flows. If this policy is effective, the TCJA could increase the agency problem because of the increase in free cash flows, and thus increase the companies’ audit fees. This study uses a difference-in-differences analysis to test whether companies with larger free cash flows after the enforcement of TCJA have significantly higher audit fees than control companies from 2015 to 2018. Besides, this study uses propensity score matching to verify the result. Additionally, this study also finds that the results are stronger for companies with lower board independence percentages, fewer directors with financial backgrounds, CEO CFO overconfidence, and higher degree of accrued-based earnings management. The results remain robust to sensitivity analyses, including placebo tests, random assignment tests and parallel tests after propensity score matching. Overall, this study shows that a company with high free cash flows has more audit fees after the TCJA. The findings should be helpful and demonstrates that the TCJA have some impact on the audit market to some extent. | en |
dc.description.provenance | Made available in DSpace on 2021-06-17T07:10:38Z (GMT). No. of bitstreams: 1 U0001-0201202119055900.pdf: 1836434 bytes, checksum: 141eac375ec11b70bced8dc830954b05 (MD5) Previous issue date: 2020 | en |
dc.description.tableofcontents | 謝辭 i 摘要 ii Abstract iii 表目錄 v 圖目錄 v 第一章 緒論 1 第二章 文獻回顧與假說發展 4 第一節 美國稅改後與企業自由現金流量相關之文獻回顧 4 第二節 企業自由現金流量與代理問題相關之文獻回顧 7 第三節 代理問題與審計公費相關之文獻回顧 9 第三章 研究方法 12 第一節 資料來源與樣本選取 12 第二節 實證模型與變數定義 14 第四章 實證結果 19 第一節 平均數之差異分析 19 第二節 敘述性統計 21 第三節 相關係數分析 23 第四節 迴歸實證結果分析 25 第五節 分組測試 27 第六節 敏感性測試 39 第七節 額外測試 45 第五章 結論與建議 49 第一節 結論 49 第二節 建議 50 參考文獻 51 | |
dc.language.iso | zh-TW | |
dc.title | 2017年美國稅改對公司自由現金流量與審計公費關係之影響 | zh_TW |
dc.title | The Effect of The Free Cash Flow on Audit Pricing:Evidence from The Tax Cuts and Jobs Act of 2017 | en |
dc.type | Thesis | |
dc.date.schoolyear | 109-1 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 廖芝嫻(Chih-Hsien Liao),顏如君(Ju-Chun Yen) | |
dc.subject.keyword | 減稅及工作法案,自由現金流量,代理問題,審計公費, | zh_TW |
dc.subject.keyword | Tax Cuts and Jobs Act,Free Cash Flow,Agency Problem,Audit Fee, | en |
dc.relation.page | 56 | |
dc.identifier.doi | 10.6342/NTU202100002 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2021-01-05 | |
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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