會計盈餘對股價報酬之影響：跨國比較

The Effect of Accounting Earnings on Stock Returns:

蕭靜雯(Ching-Wen Hsiao)

指導教授 ： 夏 侯 欣 榮

元智大學/管理學院/財務金融學系/碩士(2004年)

摘要

This paper first examines how accruals improve earnings’ ability to reflect firm performance and the circumstances in which accruals are important in performing this role in an international setting. The concept in this paper is that the accruals can mitigate timing and matching problems inherent in cash flows, so that earnings more closely reflects firm performance. Then we examine whether there is systematic difference in earnings management across 6 countries which belong to common-law and code-law countries. We propose an explanation for the difference based on the legal system from the sample countries (common law and code law). We find that the code-law countries engage in more earning management than common-law countries.

關鍵字

應計項目 ； 盈餘管理 ； 國際會計 ； 法律制度

並列摘要

無資料

並列關鍵字

Accruals ； earnings management ； international accounting ； legal system

參考文獻

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Ball, R., Brown, P., 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research 6, 159-178.

Ball, R., Kothari, S.P., Robin , A., 2000a. The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics 29, 1-51.

Ball, R., Robin, A., Wu, J., 2003. Incentives versus standards: Properties of accounting income in four East Asian Countries, and implications for acceptance of IAS. Journal of Accounting and Economics 2003, 235-270.