誠信經營與盈餘管理

摘要過去的文獻探討盈餘管理之相關議題，大多著重在公司治理等等區塊，與本文較有關係之文獻為CSR報告書與之關係，然而本研究主要探討獨立誠信經營守則之制定是否會影響公司內部管理階層對於盈餘管理之高低影響，另外本研究也加入產業固定效率，藉以避免觀察值分布不均之情形。因金管會於2018年對「上市上櫃誠信經營守則」做了修正，則本研究以2018年至2019年之上市(櫃)為研究對象，扣除部分產業以及遺漏變數等觀察值，共計2,722筆樣本數。並採用Heckman (1979) 的兩階段迴歸模型 (two-stage least square regression) 來當作本研究的主測模式。實證結果則顯示，當企業有編製誠信守則，其公司內部管理階層對於盈餘管理的程度愈低，此結果與本研究之預期方向相同。關鍵字:誠信經營、盈餘管理、企業社會責任。

關鍵字

誠信經營；盈餘管理；企業社會責任

並列摘要

Abstract The past literature discusses issues related to earnings management, mostly focusing on corporate governance and other areas. The literature that is more related to this article is the CSR report. However, this research mainly explores whether the establishment of independent and Integrity management rules will affect the company. Internal management has an impact on the level of earnings management. In addition, this research also adds fixed industrial efficiency to avoid uneven distribution of observations. Since the FSC revised the"Code of Integrity Management for Listing on the OTC"in 2018, this study takes the listing (counter) from 2018 to 2019 as the research object,deducting some industries and the observations of missing variables, and a total of 2,722 number of samples. And use the two-stage least square regression model of Heckman (1979) as the main test model of this research. The empirical results show that when a company has compiled a code of integrity, the company's internal management has a lower degree of earnings management. This result is the same as the expected direction of this research. Ketwords:Integrity management,Earnings management,Corporate Social Responsibilibility.