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題名:財務長保守主義與外部社會資本
作者:MUHAMMAD SAIFUL HAKIM
作者(外文):MUHAMMAD SAIFUL HAKIM
校院名稱:國立雲林科技大學
系所名稱:財務金融系
指導教授:劉志良
學位類別:博士
出版日期:2022
主題關鍵詞:財務長社會網絡會計保守主義CFOsocial networkaccounting conservatism
原始連結:連回原系統網址new window
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本論文主要係探討財務長社交網絡與會計保守主義的關係。我們採用臺灣的上市公司為樣本,並以即時盈餘損失資料和應計損失認列來計算企業的會計保守主義,研究結果發現,財務長社交網絡與會計穩健呈現負向關係。此外,實證結果顯示,當執行長權力占主導地位時,財務長網絡與保守主義之間的關係便會消失,我們進一步探發現,財務長忙碌程度導致了較低的保守主義;相反地,財務長剝削程度對財務長網絡與保守主義之間關係僅有部分的影響效果。其它的穩健性分析,包括:使用不同會計保守主義衡量方法、考慮是否為金融風暴期間、採用自我選擇模型與二階段最小平方法、以及考慮財務報告公告的遲滯效果後,財務長社交網絡與會計保守主義的顯著關係仍然相同。本研究是文獻脈絡中,第一篇以財務長外部社會網絡關係的特徵變數,探討其在會計保守主義中的角色。
This study is to examine the relation between Chief Financial Officer (CFO) social networks and accounting conservatism. Using Taiwanese listed firms as research sample, we adopt accrual-based loss recognition and the asymmetric timeliness of earnings model to measure accounting conservatism. The empirical results show that CFO social network is negatively related to accounting conservatism. We also find that such relationships can be diminished in firms with stronger CEO power. Moreover, the evidence indicates that CFO busyness leads to lower conservatism., while there is limited evidence for the effects of entrenchment on the network-condervatism relations. For robustness examination, the empirical results still hold for different measurements for accounting conservatism, for the crisis periods, for employing self-selection and two-stage least-squares models, for considering lag of financial reporting periods. This research is the first in line of literature to explore the role of CFO characteristics, particularly the external social network ties, in accounting conservatism.
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