企業資產減損認列模式與總體經濟因素之關聯性

關於過去有關資產減損之研究，多數著重於資產減損認列之金額、可能性之探討。本研究乃針對資產減損認列之模式進行探究，並與總體經濟環境以及企業所屬產業環境做連結，探討企業認列資產減損之模式是否受到總體經濟環境或者產業環境所影響。本研究以2005年至2010年為研究期間，針對我國上市上櫃公司進行研究。實證結果發現，不論是總體經濟環境或是產業環境的優劣皆會對資產減損認列之連續性造成影響。在總體經濟環境或產業環境繁榮的期間，若企業之資產有減損的跡象，會選擇將資產減損延緩並分散於不同期間認列。相反地，在總體經濟環境或產業環境蕭條的期間，企業則會選擇將資產減損集中於當年度認列完畢，並將資產減損之發生歸咎於大環境所導致。此外，若企業之營運績效表現較所屬產業差或者企業之營運風險較所屬產業高的情況下，企業亦會將資產減損分散於不同期間認列。整體而言，總體經濟環境對於管理當局認列資產減損之決策，扮演了一個相當重要的角色。

關鍵字

資產減損認列模式；第三十五號公報；總體經濟環境；產業環境

並列摘要

Previous studies on asset impairment mostly focus on how the amount of an asset impairment loss and the possibility of an asset impairment recognition are determined. The objective of this study is to examine whether the macroeconomic factors and the industry environment affect patterns of asset impairment recognition. Using data of 1,591 firm-year observations listed in Taiwan from 2005 to 2010, results indicate that both macroeconomic factors and industry environment affect managers' intention to delay the asset impairment loss. During good economic times, they tend to delay the assets impairment losses and recognize the loss in consecutive years. During bad economic times, firms tend to recognize the asset impairment loss at once and attribute the loss to the bad times. Finally, if firms have lower operating performance compared to the whole industry, they tend to recognize the loss in consecutive years. Overall, our results suggest that the macroeconomic and industry environment play an important role for the recognition strategy of the asset impairment loss.