資本適足性規範對國內財產保險公司盈餘管理之影響

The Impact of Capital Adequacy Requirement on Earnings Management by Taiwanese Property & Casualty Insurers

陳佳煇(Chia-Hui Chen) ； 許文彥(Wen-Yen Hsu) ； 孫綺黛(Chi-Dai Sun)

《風險管理學報》 11卷2期 (2009/12) Pp. 123-149

https://doi.org/10.30003/JRM.200912.0001

摘要

財產保險公司在經濟體系中扮演一個重要的角色，若其資產配置或風險控制不當，不僅會使公司深陷財務危機之桎梏，並損及眾多投保人之權益，甚而危及金融秩序之穩定，因此，政府增訂保險法第143-4條規範保險產業之資本適足性門檻，以評鑑保險公司的財務健全度。然而，資本適足比率中，自有資本與風險資本皆係依據資產負債表及損益表中的資產、負債、收益、與費用等項目計算而得，而財務報表資訊一直是研究者探討盈餘管理的對象，因此，本研究欲探討：（一）實施資本適足性規範（自有資本與風險資本之比率大於或等於200%）是否有改變國內財產保險公司之盈餘管理行為；又（二）此規範是否改變國內財產保險公司的盈餘管理策略。實證結果發現：為達成資本適足率之門檻及提升獲利能力，保險法第143-4條資本適足性規範之實行不僅有改變國內財產保險公司之盈餘管理行為，亦改變了其盈餘管理策略。

關鍵字

盈餘管理 ； 資本適足性

並列摘要

Property and casualty (P&C) insurers play an important role in the economic systems. Insolvency of P&C insurers would damage to the rights of policyholders and the public interests, even more endanger stability of the financial system. Accordingly, the regulators set the minimum capital adequacy ratio to monitor financial health of the insurers. The Article 143-4 on the Act of Insurance requires that the capital adequacy ratio of an insurer be at least 200%. Since capital adequacy ratio is calculated according to financial statement information, and studies have evidenced earnings management in financial statements, we investigate the following two issues: (a) does the capital adequacy regulation change patterns of Taiwanese P&C insurers' earnings management? (b) does the capital adequacy regulation change earnings management strategies of Taiwanese P&C insurers? The empirical findings indicate that, for complying with capital adequacy regulation and maintaining profitability, Taiwanese P&C insurers have changed not only their patterns of earnings management but also earnings management strategies since implementing capital adequacy regulation.

並列關鍵字

Earnings Management ； Capital Adequacy

參考文獻

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