投資大陸與盈餘管理之關聯性研究

Investment in China and Earnings Quality

廖芝瑩(Chih-Ying,Liao)

指導教授 ： 許文馨

國立臺灣大學/管理學院/會計學研究所/碩士(2009年)

https://doi.org/10.6342/NTU.2009.10574

摘要

摘要

本研究係探討台商投資大陸之複雜度與其盈餘品質之關聯性及台灣政府所設的投資大陸限額規定是否會減緩公司盈餘管理之情況。
兩岸間特殊之政治關係增加台商投資大陸部分之不透明及資訊不對稱性，因此本研究預期台商之投資大陸複雜度與其盈餘品質呈現負相關。本研究亦預期台灣政府對台商投資大陸上限的監督可以減緩投資大陸與盈餘品質間之負向關係。
實證結果發現投資大陸複雜度與盈餘品質呈現負相關，顯示投資大陸複雜度越高的公司越有空間去做盈餘操控；實證結果亦發現投資大陸限額規定減緩投資大陸和盈餘品質的負向關係，確實發揮其監督功能。

關鍵字

盈餘品質 ； 裁決性應計數 ； 資訊不對稱 ； 投資大陸 ； 投資大陸上限規定

並列摘要

The thesis would like to examine the association between investments in China and earnings quality and whether the upper limit on investment in China set by Taiwanese government can alleviate earnings management.
I argue that Taiwanese firms investing in China will increase opaque and information asymmetry because of the political tensions between China and Taiwan and those firms are likely to have higher discretionary accruals and lower earnings quality. I also hypothesize that the regulation of upper limit on the amount of investment in China by Taiwanese government can mitigate the negative relationship between earnings quality and investment in china.
Consistent with my hypothesis, I find that the intensity of investment in China is negatively related to earnings quality. I also find that the upper limit on investment in China mitigate the negative association between investment in China and earnings quality.

並列關鍵字

Earnings quality ； Discretionary accruals ； Information asymmetry

參考文獻

Abbott, L. J., S. Parker, G. F. Peters. 2002. “Audit committee characteristics and financial misstatement- a study of the efficacy of certain blue ribbon committee recommendations.” Working Paper.

Allen, F., J. Qian, M. Qian. 2005. “Law, finance, and economic growthin China”. Journal of Financial Economics, Vol. 77, No. 1, pp. 57-116.

Arnold, B., P. Lange.2004. “Enron: an examination of agency problems”. Critical Perspectives on Accounting, Vol. 15, No. 6-7, pp. 751-765.

Berger, P. G., E. Ofek. 1995. “Diversification's effect on firm value.” Journal of Financial Economics, Vol. 37, No. 1, pp. 39-65.

Brickley, J. A., C. W. Smith, Jr., J. L. Zimmerman. 2003. “Corportate governance, ethics and organization architecture.” Journal of Applied Corporate Finance, Vol. 15, No. 3, pp. 34-45.