- 學位論文
創櫃板公司登板前後盈餘管理研究
Before and After Listed on Earnings Management on Go Incubation Board for Startup and Acceleration Firms (GISA Board)
摘要
隨著我國現展出多層次架構資本市場下，為扶植這群創新且未來發展潛力的中小企業，證券櫃檯買賣中心於2014年初設置一個嶄新「股權籌資平台，讓全民當天使」之創櫃板。過去文獻之實證發現，當公司遇到初次公開發行前後，公司管理當局盈餘管理行為有一定程度之關聯性。本研究以「創櫃板公司在掛板前後盈餘管理程度是否不同」。 本研究實證結果發現：創櫃板公司確實顯著在登板前後有盈餘管理程度不同，可區分為偏好透過應計項目達到正向與負向盈餘管理。 證實正向應計項目盈餘管理群組，有董事長兼任總經理情形及取得四大會計師事務所簽證情形具有降低正向盈餘管理行為。另負向應計項目盈餘管理群組，顯示取得四大會計師事務所簽證情形有降低負盈餘管理行為。
並列摘要
Under the strategic goal of building a multi-functional, multi-level full-fledged exchange, the TPEx has established a brand new trading platform in 2014—“Go Incubation Board for Startup and Acceleration Firms (GISA Board), to offer capital raising functions to everyone who becomes an angel investing. The purpose of this new platform is supporting small-sized innovative companies and then paving the way for future economic and industrial development. In previous researches provide evidences, when a company needs to raise capital in public market, company’s managers have earnings management behaviors before companies IPO. This study tries that before and after listed on earnings management on Go Incubation Board for Startup and Acceleration Firms (GISA Board). Our empirical results show that the companies on the GISA Board divided into two parts: accrual-based earnings management activities with positive and negative. Further, with positive, both of president serves as general manager and supervisor ratio and CPA audit has reduced positive earnings management. Then, with negative, CPA audit has reduced negative earnings management.