會計師審計品質對證券市場交易品質之影響

The Influence of Auditor Audit Quality on Market Transaction Quality of Clientele Firms

謝佳綺(Hsieh,Chia Chi)

指導教授 ： 王明昌 ； 劉亞秋

國立中正大學/管理學院/企業管理學系/碩士(2013年)

摘要

本文主要目的為探討會計師審計品質對證券交易市場品質之影響。本研究以2008年至2010年台灣上市公司為研究樣本，本文實證結果發現良好的會計師審計品質顯著降低買賣價差、暫時波動性和提升市場深度。另外，本文發現問題財報會顯著降低證券市場交易品質，且在控制問題財報變數下，本文實證結果也發現會計師審計任期越長、無實施輪調制度和會計師審計經驗對於證券交易市場品質仍然具顯著的提升。整體而言，審計品質將反映在財務報表並且影響資訊不對稱，進而改變市場投資的決策和證券交易市場品質。

關鍵字

暫時波動性 ； 市場深度 ； 買賣價差 ； 審計品質 ； 會計報表

並列摘要

The paper tries to examine the relation between auditor audit quality and market transaction quality of clientele firms. Based on the samples of companies listed on the TSE from 2008 to 2010, the empirical results reveal that bid-ask spread and transient volatility are lower and market depth is higher when audit quality is higher. In addition, we find that trouble accounting reporting is significantly and negatively associated with market transaction quality. And when trouble accounting reporting is under control, market transaction quality still increases when there is longer auditor tenure, but no rotation and auditor audit experience. Overall, audit quality will be reflected in financial statements and will have an impact on information asymmetry, thereby changing market investment decisions and market transaction quality.

並列關鍵字

Transient Volatility ； Market Depth ； Bid-ask Spread ； Audit Quality ； Accounting Reporting

參考文獻

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