重整公司與會計保守性之研究

The Association between The Restructuring Firms and Conservatism

陳俊谷(Jiun-Gu Chen)

指導教授 ： 鍾彩焱

元智大學/管理學院/會計學系/碩士(2006年)

摘要

Basu (1997) 的研究中指出，會計保守性會導致企業在報告盈餘的變動有時效性不對稱的情況發生，且一般預期盈餘和投資報酬率波動的程度，在對壞消息的反應上會比對好消息要來得強烈許多。Givoly and Hayn (2000) 的實證結果發現會計盈餘和公司經濟績效間的關係並不穩定，隱含財務報表的編製近年來變得更加保守。
本研究主要想了解，自發性的重整公司，其所採取的一些重整工程，是否會導致其在財務報告的會計保守性上，和目前一般對於財務報告的會計保守性的預期會有所不同? 在自發性重整公司不同重整方法下，在會計保守性的表異是否有所差異? 本研究使用Basu (1997) 的迴歸式來檢驗自發性重整的公司相較於一般公司的會計處理是否是較不保守的假說。
而本研究的實證結果指出：(1) 自發性重整公司相對於無重整公司的會計處理是較不保守的；(2) 自發性重整公司相對於無重整公司，隨著時間是越來越不保守的；(3) 自發性重整公司重整處理上，組織再造相對於減損重整的處理而言是相對較不保守的。

關鍵字

保守性 ； 重整 ； 特殊項目

並列摘要

Basu (1997) indicates that conservatism will cause asymmetric timeliness in reporting good versus bad news, where good (bad) news is measured by positive (negative) buy-and-hold return. Givoly and Hayn (2000) find that the relationship between earnings and business’s performance is instable, in which recently prepared the financial statements have become more conservative.
This study attempts to find out if the degrees of conservatism of voluntary restructuring firms are different from those of non-restructuring firms. By employing Basu’s (1997) regression to test the hypothesis that the voluntary restructuring firms are less conservative than non-restructuring firms in accounting reporting.
Based on the sample of firms whose restructuring charges exceed three percent of total assets from 1993 to 2000, the following conclusions are drawn: (1) The voluntary restructuring firms are less conservative than non-restructuring firms in accounting reporting; (2) The voluntary restructuring firms are growing less conservative than non-restructuring firms with time in accounting reporting; and (3) For voluntary restructuring firms, re-engineering type of restructurings is less conservative than impairment-type restructurings in accounting reporting.

並列關鍵字

Conservatism ； Restructuring ； Special item

參考文獻

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Basu, S., 1997. The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics 24, 3-37.

Basu, and Sanjoy, 1975. The information content of price-earnings ratios, Financial