我國企業盈餘管理與經營風險關聯之實證研究

An Empirical Study of the Relationship between Income Manipulations and Operating Risks in Taiwanese Firms

歐進士(Chin S. Ou) ； 李佳玲(Chia-Ling Lee) ； 詹茂昆(Mau-Kun Chan)

《風險管理學報》 6卷2期 (2004/07) Pp. 181-205

https://doi.org/10.30003/JRM.200407.0003

摘要

自從實是性會計理論被提出來之後，盈餘管理一直是歷久不衰的研究主題，但是從企業經營風險的觀點，探討企業經營風險與盈餘管理關聯之文獻卻不多見。本研究的主要目的是以企業的實際經營資料，探討企業經營風險與盈餘管理之關聯。當企業營業利益波動大時，為使盈餘平穩，企業可能會運用非營業項目平穩盈餘。實証結果發現，在控制企業獲利力、經營規模與轉投資強度等因素後，我國上市上櫃公司中，經營風險與盈餘管理程度成正顯著相關。

關鍵字

盈餘管理 ； 盈餘平穩 ； 企業經營風險

並列摘要

Although there are some researches examined the issue of income manipulations since the positive accounting theory is provided, we do not find studies that examine the relationship between income manipulations and operating risks for Taiwanese firms or studies that examine if the Taiwanese firms use non-operating items to smooth incomes. The main objective of this study is to use firm-specific actual operating data to empirically examine the relationship between earnings management and operating risks of Taiwanese firms. The empirical results show that operating risks in firms are positively associated with earning management level after controlling for effects of firm profitability, operating scale, and investment intensity.

並列關鍵字

Income Manipulation ； Income Smoothing ； Operating Risk

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