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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 王泰昌(Taychang Wang),劉嘉雯(Chiawen Liu) | |
| dc.contributor.author | Chih-Fan Yu | en |
| dc.contributor.author | 于智帆 | zh_TW |
| dc.date.accessioned | 2021-05-20T20:17:05Z | - |
| dc.date.available | 2009-07-20 | |
| dc.date.available | 2021-05-20T20:17:05Z | - |
| dc.date.copyright | 2009-07-20 | |
| dc.date.issued | 2008 | |
| dc.date.submitted | 2009-07-02 | |
| dc.identifier.citation | 1. Ball, R., and L. Shivakumar, 2005. Earnings quality in U.K. private firms: comparative loss recognition timeliness. Journal of Accounting and Economics 39, 83-128.
2. Ball, R., and L. Shivakumar, 2006. The role of accruals in asymmetrically timely gain and loss recognition. Journal of Accounting Research 44, 207-242. 3. Ball, R., and L. Shivakumar, 2007. Earnings quality at initial public offerings. Journal of Accounting and Economics, forthcoming. 4. Basu, S., 1997. The conservatism principle and asymmetric timeliness of earnings. Journal of Accounting and Economics 24, 3-37. 5. Beaver, W.H., and S.G. Ryan, 2005. Conditional and unconditional conservatism: concepts and modeling. Review of Accounting Studies 10, 269-309. 6. Beneish, M.D., 1994. The detection of earnings manipulation. Working paper, Duke University. 7. Chen, Y., 1993. Earnings management of newly listed firms in Taiwan. Unpublished MBA thesis in graduate institute of accounting, National Taiwan University. 8. DeAngelo, L., 1986. Accounting numbers as market valuation substitutes: A study of management buyouts of public stockholders. The Accounting Review 61, 400-420. 9. Dechow, P.M., R.G. Sloan, and A. Sweeney, 1995. Detecting earnings management. The Accounting Review 70, 193-225. 10. Dechow, P.M., S.P. Kothari, and R.L. Watts, 1998. The relation between earnings and cash flows. Journal of Accounting and Economics 25, 133-168. 11. Fairfield, P.M., J.S. Whisenant, and T.L. Yohn, 2003. Accrued earnings and growth: Implications for future earnings performance and market mispricing. The Accounting Review 78, 353-371. 12. Friedlan, J., 1994. Accounting choices by issuers of initial public offerings. Contemporary Accounting Research 11, 1-31. 13. Healy, P., 1985. The impact of bonus schemes on the selection of accounting principles. Journal of Accounting and Economics 7, 85-107. 14. Hribar, P., and D.W. Collins, 2002. Errors in estimating accruals: Implications for empirical research. Journal of Accounting Research 40, 105-134. 15. Huang, C., and R. Wu, 2007. Earnings management around IPO and lockup. Chiao Da Management Review 27, 275-296. 16. Huang, H., 1995. Incentives for earnings management and operating performance of newly listed firms. Unpublished MBA thesis in graduate institute of accounting, National Taiwan University. 17. Jeng, D., 1992. The offer prices of newly listed firms and earnings management. The 4th Accounting Theory and Practice Conference. 18. Jones, J., 1991. Earnings management during import relief investigation. Journal of Accounting Research 29, 193-228. 19. Lien, J., 1993. Earnings management of newly listed firms. Unpublished MBA thesis in graduate institute of accounting, National Chengchi University. 20. Rao, G.R., 1993. The relation between stock returns and earnings: A study of newly-public firms. Working paper, Kidder Peabody and Co., New York. 21. Ritter, J., 1991. The long-run performance of initial public offerings. Journal of Finance 66, 3-27. 22. Su, H., 1992. Earnings management of newly listed firms around event year. Unpublished MBA thesis in graduate institute of accounting, National Chengchi University. 23. Tai, H., 1999, Earnings management and the long-run market performance of initial public offerings, unpublished MBA thesis in graduate institute of accounting, National Taiwan University. 24. Teoh, S.H., I. Welch, and T.J. Wong, 1998a. Earnings management and the underperformance of seasoned equity offerings. Journal of Financial Economics 50, 63-100. 25. Teoh, S.H., I. Welch, and T.J. Wong, 1998b. Earnings management and the long-run market performance of initial public offerings. Journal of Finance 53, 1935-1974. 26. Teoh, S.H., T.J. Wong, and G.R. Rao, 1998c. Are accruals during initial public offerings opportunistic? Review of Accounting Studies 3, 175-208. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/9312 | - |
| dc.description.abstract | 公司上市櫃前是否進行盈餘管理一直是會計研究的熱門議題，台灣的相關文獻中有支持盈餘管理假說者，亦有支持無盈餘管理假說者。本研究之樣本包含西元1992年至2006年在台灣證券交易所新上市之公司(499家)以及在櫃臺買賣中心新上櫃之公司(744家)。本研究採用橫斷面modified Jones model估計裁量性流動應計項目 (discretionary current accruals)，作為盈餘管理之代理變數。Ball and Shivakumar (2007) 提到公司IPO當年底之裁量性流動應計項目存在一些潛在的問題，造成如果採用IPO當年底之裁量性流動應計項目去判斷公司是否進行盈餘管理會產生偏差。本文除了檢視公司上市櫃當年底之裁量性流動應計項目外，更深入檢視組成流動應計項目之變數個別變動。本研究認為公司上市櫃當年底之裁量性流動應計項目乃取決於公司對於營運資本配置之決定，並認為以公司上市櫃前兩年之裁量性流動應計項目作為公司上市櫃前是否進行盈餘管理的代理變數更為合適。實證結果顯示公司上市櫃前並未進行盈餘管理，並且在上市櫃前一年以及前二年比其他已經上市櫃公司更為條件保守。 | zh_TW |
| dc.description.abstract | This study examines whether newly listed firms engage in earnings management before their listing. The sample includes 499 newly listed firms in the Taiwan Stock Exchange (TSE) market and 744 newly listed firms in the GreTai Securities (GTS) market between 1992 and 2006. This paper uses the cross-sectional modified Jones model to estimate discretionary current accruals as the proxy for earnings management behavior. The study illustrates some potential biases related to the discretionary current accruals in the event year mentioned by Ball and Shivakumar (2007) and examines the fluctuations of individual working capital components. The discretionary current accruals in the event year are influenced by firms’ decision to deploy their working capital level, and this paper assumes the discretionary current accruals in the event year -1 and -2 are more suitable to test if newly listed firms manipulate their earnings. The empirical results are consistent with that newly listed firms do not engage in earnings management before their listing and even report more conditionally conservatively in event year -1 and -2. | en |
| dc.description.provenance | Made available in DSpace on 2021-05-20T20:17:05Z (GMT). No. of bitstreams: 1 ntu-97-R95722019-1.pdf: 480861 bytes, checksum: bb3ecccc01d7f6577fa95bc293cba493 (MD5) Previous issue date: 2008 | en |
| dc.description.tableofcontents | Content
Chapter 1. Introduction 1 1-1 Research Motivations and Purposes 1 1-2 Research Contributions 3 1-3 Research Structure 4 Chapter 2. Literature Review 7 2-1 Accruals Estimation Related Literatures 7 2-2 Earnings Management around IPO process Literatures 12 2-3 Earnings Management for Newly Listed Firms in Taiwan 16 Chapter 3. Research Methodology 20 3-1 Hypothesis Development 20 3-2 Variables Measurement 25 3-3 Analysis Methodology 27 3-4 Sample Selection and Data 33 Chapter 4. Empirical Results and Analysis 37 4-1 Pair-wise Correlations 37 4-2 Cross-Sectional Modified Jones Model 38 4-3 Time-Series and Cross-sectional Characteristics of DCA 44 4-4 Current Accruals Components for sample firms in year 0 49 4-5 Discretionary Current Accruals in the event year -1 and -2 57 4-6 Profitability index for newly listed firms around the event year 59 4-7 Conditional Conservatism in event year -1 and -2 61 4-8 Out-of-sample test 64 Chapter 5. Conclusions and Suggestions 67 5-1 Research Conclusions 67 5-2 Research Constraints 70 5-3 Research Suggestions 71 Figures Figure 1.2: Research Flow Chart 6 Figure 3.1: Listed Process Flow Chart 23 Figure 3.2: Time Line 27 Figure 4.6: Profitability index trend for newly listed firms 60 Tables Table 3.1: Criteria for applicant firms to be listed in TSE and GTS markets 24 Table 3.4.1: Sample selection 34 Table 3.4.2: Sample Characteristics (Industry Distribution) 34 Table 3.4.3: Sample Characteristics (Time Distribution) 35 Table 3.4.4: Industry Adjustments 36 Table 4.1: Pair-wise correlations 38 Table 4.2: Descriptive statistics of modified Jones Model estimations by industries 40 Table 4.3: Time-Series and Cross-sectional Characteristics of DCA 46 Table 4.4: Current Accrual Components in the newly listed year 52 Table 4.5: Discretionary Current Accruals in event year -1 and -2 for sample firms 58 Table 4.6: Profitability index for newly listed firms around the event year 60 Table 4.7: Conditional conservatism in event year -1 and -2 63 Table 4.8: Out-of-sample estimation biases in the event year 66 | |
| dc.language.iso | en | |
| dc.title | 公司上市櫃前盈餘管理 | zh_TW |
| dc.title | Earnings management for newly listed firms | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 97-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.advisor-orcid | ,劉嘉雯(acliu@ntu.edu.tw) | |
| dc.contributor.oralexamcommittee | 林瑞青(Ruey-Ching Lin) | |
| dc.subject.keyword | 盈餘管理,上市上櫃,裁量性流動應計項目,條件保守, | zh_TW |
| dc.subject.keyword | earnings management,IPO,newly listed,discretionary current accruals,conditional conservatism, | en |
| dc.relation.page | 74 | |
| dc.rights.note | 同意授權(全球公開) | |
| dc.date.accepted | 2009-07-03 | |
| 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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