台灣在2013年後全面接軌國際會計準則,其中針對關係人交易揭露部分有許多的豁免條款,使得市場憂心企業得以隱藏部分關係人交易,加深資訊不對稱的疑慮。然而,若豁免揭露的關係人交易是屬於不易有盈餘操弄的交易事項,則揭露的關係人交易與盈餘管理的關聯性將會有所提高。因此本研究推論台灣接軌國際會計準則後,財報揭露的關係人交易將有更高的盈餘管理意涵。本研究蒐集1989年至2014年的財務資料及股價資料,利用異常關係人交易與實質盈餘管理、應計盈餘管理、應收盈餘管理之迴歸模型分別進行分析,以檢測兩者之關聯程度是否在接軌國際會計準則後有所提升。 本研究結果為縱然在國際會計準則放寬編製財務報表的彈性下,財務報表揭露中之關係人交易揭露資訊有明顯減少,但在異常關係人交易與其盈餘管理之關聯度確有提升,即在我國實施國際會計準則後之關係人交易資訊確實更具有盈餘管理意涵。根據本研究成果,將可減緩財報使用者對於關係人交易在國際會計準則下豁免揭露的資訊不對稱的疑慮。
Taiwan has extensively adopted International Financial Reporting Standards , hereafter IFRS, after 2013. Several disclosure requirements for the related-party transactions have been remitted under IFRS. The investors worry about information asymmetry since part of the information of related-party transactions may be concealed under IFRS. However, the disclosed related-party transactions will be more associated with earnings management if the related-party transactions which exempted from disclosure possess the natures hard to engage in earnings manipulation. As a result, this study infers that the disclosed related-party transactions possess more implications of earnings management after adopting IFRS. This study observes the disclosed related-party transactions of the firms listed on TSC or OTC during the periods from 1989 to 2014. We regress the abnormal related-party transactions on the abnormal cash flows from operations, discretionary accruals, and discretionary revenues, respectively, to test if the relationship between the abnormal related-party transactions and earnings management is raised after adopting IFRS. The empirical results reveal that the scale of disclosed related-party transactions after adopting IFRS is significantly decreased. On the other hand, the relationship between the abnormal related-party transactions and earnings management is significantly increased after adopting IFRS, documenting the disclosed related-party transactions after adopting IFRS possess more implications of earnings management. Our findings will dispel/reduce investors' doubts about information asymmetry due to the exemption from disclosure of part of related-party transactions.