台灣銀行業經濟成本管理與實質盈餘管理替代性之研究

Substitution between Economic Cost Management and Real Earnings Management: Taiwan Banking Industry

陳椿鶯(Chun-Ying Chen) ； 李春安(Chun-An Li)

《中山管理評論》 26卷3期 (2018/09) Pp. 511-558

https://doi.org/10.6160/SYSMR.201809_26(3).0005

摘要

本文以本國銀行為研究對象，目的在探討銀行盈餘管理行為的關聯性。有別於過去文獻，本文發展適合於銀行業的實質盈餘管理模型，以及修改沈中華、陳庭萱（2008）的經濟成本管理模型，以之分析兩種盈餘管理之間的關係。經過各項穩健性測試，包括二階段內生性分析、結構改變差異中之差異法（difference-in-difference method）分析之後，本文實證結果發現，國內銀行會運用實質盈餘管理以及經濟成本達到管理盈餘目的，二種盈餘管理行為之間，存在抵換的替代關係。並且，在金融風暴後，資本適足率越高的銀行，則是越可能採實質盈餘管理或經濟成本管理，亦即政府政策與管制影響銀行業的盈餘管理行為。

關鍵字

經濟成本管理 ； 實質盈餘管理

並列摘要

The article tries to explore the banks' earnings management of Taiwanese banking industry. We adjusted the Shen & Chen Model (2008), Real Earnings Management Model to measure earnings management and analyze what is the relationship between the two different earnings management. Through two-stage least squares analysis, difference-in-difference analysis, and robustness test, the main results show the substitution between real transactions management and economic cost management. Further, we find in Post-financial crisis period, domestic banks with high capital adequacy ratio adopt real earnings management or economic cost management.

並列關鍵字

Economic Cost Management ； Real Earnings Management

參考文獻

李宗政、林秀柑、呂建和、夏慧娟、林惠雪，2006，「自盈餘管理觀點探討財務預測落差現象對於商業銀行可裁量性壞帳提列行為之影響」，風險管理學報，8 卷2期：137~156。(Lee, C. C., Lin, H. K., Lu, C. H., Hsia, H. C., and Lin, H. H., 2006, “The Incentives from Earnings Management for Manipulating the Differences between Financial Forecasts and Book Incomes through Commercial Bank Loan Loss Provisions,” Journal of Risk Management, Vol. 8, No. 2, 137-156.)

沈中華，2005，「銀行評比：推估品質一致的盈餘」，金融風險管理季刊，1 卷3 期：89~105。(Shen, C. H., 2005, “Bank Rating: Estimate the Consistent Quality of the Earnings,” Review of Financial Risk Management, Vol. 1, No. 3, 89-105.)

沈中華、陳庭萱，2008，「台灣商業銀行修正壞帳提列後的成本效率實證研究」，經濟論文，36卷2期：221~247。(Shen, C. H. and Chen, T. H., 2008, “Estimating Cost Efficiency in Taiwanese Banking Adjusting Loan Loss Provision,” Taiwan Economic Review, Vol. 36, No. 2, 221-247.)

林修葳、陳育成，1997，「國內商業銀行壞帳及票券買賣損益策略性調控問題之實證研究」，臺大管理論叢，8 卷2 期：33~65。(Lin, H. W. and Chen, Y. C., 1997, “An Empirical Study on Taiwan’s Commercial Bank Accruals Management via Loan Loss Provisions and Securities Gains and Losses,” NTU Management Review, Vol. 8, No.2, 33-65.)

戚務君、王貞靜、黃隆建，2010，「實質盈餘管理行為之研究」，2010會計理論與實務研討會論文集：1135~1160。(Chi, W. C., Wang, C. C., and Hwang, L. J., 2010, “A Study of Real Earnings Management Behavior in Context,” 2010 Accounting Theory and Practice Conference, December 2010, 1135-1160. )