盈餘目標的誘因對成本不對稱性之影響 -以母公司單獨報表與合併報表分析

Effects of Incentives of Earning Targets on Cost Asymmetry: Evidence from the Separate Financial Statements and the Consolidated Financial Statements

馬卓群(CHUO-CHUN MA)

指導教授 ： 陳建中

國立中央大學/管理學院/會計學研究所/碩士(2014年)

摘要

本研究探討管理者對於資源調整的動機。我們著眼於管理者有達成盈餘目標的誘因時對其資源調整決策的影響，並比較合併報表與母公司單獨報表的異同。
研究發現:不論是合併報表或母公司單獨報表，在銷貨上升且管理者有達成盈餘目標的誘因時，管理者會抑制新資源的投入；在銷貨下降且管理者有達成盈餘目標的誘因時，管理者會傾向於裁撤閒置資源。而這種決策會降低成本僵固的程度。結果顯示，當我們要了解一家公司的成本結構時，必須注意到管理者決策的動機，特別是管理者資源調整的誘因。

關鍵字

盈餘目標 ； 成本不對稱性 ； 母公司單獨報表 ； 合併報表

並列摘要

This paper focus on management’s intention about resource adjustments and how
management’s intentions to achieve earning goals influence their resource adjustments behavior.
Furthermore, we compare the difference between the consolidated financial statements and the
separate financial statements.
We find that, whether the consolidated financial statements or the separate financial statements,
while management have intentions to achieve earning goals, they curb the increase of new resources
for sales rises and reduce the idle resources for sales decreases. In consequence, these decisions
decrease the extent of cost asymmetry. The results illustrate that in order to realize the firms’ cost
structures should pay attention to the management’s intention, especially their resource adjustment
behavior.

參考文獻

林有志、傅鍾仁、陳筱平，2011，成本僵固性之實證研究。

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Balakrishnan, R., M. J. Petersen, and N. S. Soderstrom. 2004. Does Capacity Utilization Affect the Stickiness of Costs? Journal of Accounting, Auditing and Finance 19: 283–99.

Banker, R. D., D. Byzalov; and J. M. Plehn-Dujowich. 2011. Sticky Cost Behavior: Theory and Evidence. Working paper, Temple University.