租賃與盈餘管理

Earnings Management and Lease Intensity

劉鈺蘋(Yu-Ping Liu)

指導教授 ： 廖咸興

國立臺灣大學/管理學院/財務金融學研究所/碩士(2022年)

https://doi.org/10.6342/NTU202201023

摘要

本研究觀察公司的盈餘管理程度是否會影響公司的租賃強度。過去論文指出，當資訊不對稱程度上升時，租賃強度會上升。本論文的主要觀點是，由於盈餘管理會造成資訊不對稱程度上升，因此盈餘管理嚴重的公司應該有較高的租賃強度。 與這一假設一致，我們透過複迴歸分析發現應計盈餘管理與租賃強度呈現顯著正相關。本研究也同時討論實質盈餘管理對租賃強度的影響，並發現由於實質盈餘管理指標容易捕捉到非透過實際操縱產生的影響，因此對資訊不對稱的影響程度不一致，使得實質盈餘管理對租賃強度的影響也不一致。

關鍵字

應計盈餘管理 ； 實質盈餘管理 ； 租賃強度

並列摘要

This paper investigates whether a firm's degree of earnings management affects a firm's leasing intensity. Prior studies have pointed out that the degree of information asymmetry and lease intensity are positively corelated. Since earnings management will increase the degree of information asymmetry, companies with serious earnings management should have higher lease intensity. Consistent with this assumption, we find a significant positive correlation between accrual-based earnings management and lease intensity through multiple regression analysis. This paper also finds that as real earnings management is likely to capture impacts other than the impact of information asymmetry, the impact of real earnings management on lease intensity will differ as real earnings management proxy changes. The results of this paper are consistent with the effects of information asymmetry mentioned in the existing leasing-related literature.

並列關鍵字

Accrual-based earnings management ； Real earnings management ； Lease intensity

參考文獻

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