家族企業、資訊透明度及關係人交易與財務報表重編之關聯性研究

Study of the Association among Family Firms, Related Party Transaction, Transparency of Information Disclosure and Financial Restatements

黃彥菁(YEN-CHING HUANG)

指導教授 ： 張慧珊

中原大學/商學院/會計研究所/碩士(2014年)

https://doi.org/10.6840/cycu201400819

摘要

企業編製財務報表最主要之目的在於提供企業真實財務狀況與經營成果，給投資人、債權人及其他使用人，做為投資、授信及其他決策，財務報表重編可能是企業發生舞弊詐欺的預言。資訊揭露透明度為公司管理階層重要的決策，管理階層為降低與利害關係人之間的資訊不對稱，會設法提升資訊揭露的透明度。近年來因諸多弊案皆是因為關係人交易而起，尤其是關係人銷貨，也使得關係人交易引起各界質疑。
因此，本研究進一步探討家族企業、資訊透明度及關係人交易與財務報表重編之關聯性，研究結果顯示：家族企業為了長期的生存和聲譽，因此會對於管理者有較多的監督，從而提高資訊揭露之透明度，所以資訊透明度高之家族企業財務報表重編的可能性仍高。另外，家族企業面對經營壓力時，會進行較多的關係人銷貨，以提高公司的經營績效及競爭能力，利用關係人銷貨來窗飾財務報表造成財務報表重編的可能性較高。再者，家族企業背負著企業經營績效之責任，為了減少與股東間資訊不對稱問題，會有較好的資訊揭露及財務報表品質，所以資訊透明度較高的家族企業利用關係人銷貨窗飾財務報表造成財務報表重編的可能性較低。

關鍵字

關係人交易 ； 財務報表重編 ； 家族企業 ； 資訊透明度

並列摘要

The main purpose for corporate preparing financial statements is to provide true financial condition and operating results to investors, creditors and other users, for investment, credit and other decisions. Therefore, financial restatement might be a sign as an enterprise fraud scam prophecy. Information disclosure transparency is important for the company's management decisions. In order to reduce information asymmetry among interested parties, management will try to improve the transparency of information disclosure. In recent years, many scandals are due to related party transactions, especially related-party sales transactions. Thus, related party transactions arouse doubts among financial statements users.

This study is to further explore the association among family firms, information transparency, related-party transactions and financial restatement. The empirical results show that, for long-term survival and company reputation, family firms improve information transparency to have more oversight on management. In addition, while facing higher operating pressure, family firms tend to conduct more related-party sales transactions to improve company's operating performance and competitiveness, and in turn, higher likelihood of causing financial restatements. Moreover, in order to reduce information asymmetry between company and stockholders, corporate will have more information disclosure and better financial statements quality. Thus, the possibility of financial restatements due to related-party sales transactions is lower for family firms with higher information transparency.

並列關鍵字

Financial Restatements ； Family Firms ； Related Party Transaction ； Transparency of Information Disclosure

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