集團企業資訊透明度與盈餘管理

Information Transparency of the Affiliated Business Groups and Earnings Management

張瑞當(Ruey-Dang Chang) ； 曾玉琦(Yee-Chy Tseng) ； 廖浩雲(Hao-Yun Liao)

《商業現代化學刊》 6卷2期 (2011/09) Pp. 1-27

https://doi.org/10.6132/JCM.2011.6.2.01

摘要

本研究旨在探討台灣上市櫃之集團企業資訊透明度與盈餘管理二者之間的關聯性。分別以可受評公司接受評鑑比例、集團整體資訊透明度與自願性資訊透明度等為自變數，以裁決性應計數作為盈餘管理之代理變數，利用迴歸模型進行驗證。本文以2005-2007年間國內上市櫃之集團企業共2,441個觀察值為研究樣本，實證結果發現：(1)受評公司佔集團可受評公司比例與裁決性應計數，並無顯著關係存在；(2)集團整體資訊透明度與裁決性應計數有顯著負向關係，(3)集團自願性資訊透明度與裁決性應計數，並無顯著關聯性存在。

關鍵字

集團企業 ； 資訊透明度 ； 自願性資訊透明度 ； 受評比例 ； 盈餘管理

並列摘要

The purpose of this study is to investigate the relationship between information transparency of affiliated business groups and earnings management in Taiwan. Business covered ratio, whole information transparency of the group and voluntary information transparency are served as independent variables, respectively. In addition, this study adopts discretionary accruals as a proxy for earnings management. Regression models are applied to the sample of 2,441 observations with affiliated business groups listed in the Taiwan stock exchange (including the OTC market) during the period from 2005 to 2007. This study finds that the relationship between companies covered ratio and discretionary accruals is insignificant. Yet, we find a negative relationship between whole information transparency and discretionary accruals. Finally, our results indicate that the relationship between voluntary information transparency and discretionary accruals is insignificant.

並列關鍵字

Affiliated business groups ； Information transparency ； Voluntary information transparency ； Business covered ratio ； Earnings management