商譽減損裁量性與後續績效之關聯

The Relationship between Discretionary Goodwill Impairment and Subsequent Performance

呂明翰(Ming-Han Lu)

指導教授 ： 呂明哲

朝陽科技大學/管理學院/會計所/碩士(2011年)

摘要

本研究將商譽減損分解為正常減損與裁量性減損兩部份，正常商譽減損起因於經濟上或財務上的理由，裁量性商譽減損則導源於經理人的裁量權利。本研究聚焦於經理人對商譽減損之裁量動機。實證結果發現，對於公司治理較差之公司，裁量性商譽減損與下一年度的會計績效呈現顯著正向關係，此結果符合盈餘管理假說。相對地，對於公司治理較佳之公司，裁量性商譽減損與下一年度的會計績效呈現顯著負向關係，此結果符合訊號發射假說。

關鍵字

盈餘管理 ； 商譽減損 ； 訊號發射

並列摘要

In this study, the goodwill impairment is decomposed into normal impairment component, which is due to economic or financial reasons, and discretionary impairment component, which results from the discretion by managers. This study focuses on the motivation of the discretion of goodwill impairment. Empirical results find that there is significantly positive relationship between the discretionary impairment and subsequent performance for poor corporate governance, which conforms to the earnings management hypothesis. Oppositely, there exists significantly negative relationship between the discretionary impairment and subsequent performance for better corporate governance, which conforms to the signaling hypothesis.

並列關鍵字

information signaling ； earnings management ； Goodwill impairment

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