臺灣人文及社會科學引文索引資料庫系統

:::

詳目顯示

回上一頁
第 1 筆 / 總合 1 筆   第一頁 上一頁 下一頁 最後一頁
/1頁
題名：盈餘管理是否會造成股票錯誤定價？
書刊名：管理與系統
作者：李永全／馬黛 引用關係
作者(外文)：Lee, Yung-chuan／Ma, Tai
出版日期：2007
卷期：14:4
頁次：頁545-572
主題關鍵詞：盈餘管理；裁決性應計項目；股票錯誤定價；Earnings management；Discretionary accruals；Stocks mis-pricing
原始連結：連回原系統網址new window
相關次數：
  • 被引用次數被引用次數:期刊(4) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:3
  • 共同引用共同引用:56
  • 點閱點閱:67
本硏究主要是在驗證盈餘管理是否會導致股票錯誤定價，假如投資人無法查出管理當局盈餘管理的方法與財務報表中盈餘相關科目被操縱的主要部份，可能會進行高於公司本身實際盈收的虛增盈餘管理或降低公司本身實際盈收的盈餘管理。本研究衡量有重大盈餘管理公司的超額報酬以觀察股票錯誤定價的可能性。本硏究使用了五種各自獨立不同的方法來衡量超額報酬，本硏究發現有明確的證據指出，在有進行重大盈餘管理公司的股票交易中有顯著的超額報酬。硏究的結果也指出股價的錯誤定價與盈餘管理有關聯。
This paper aims to provide a test of whether stocks mis-pricing are caused by earnings management. If investors unable to detect the direction and magnitude of the managed portion of reported earnings then firms may tend to adopt income-increasing earnings management to over-value or income-decreasing earnings management to under-value. This paper examines the possibility of stocks mis-pricing by measuring future abnormal returns based on the magnitude of earnings management. Using five separate and distinct methodologies, this study find consistent evidence of significant negative abnormal trading returns from a hedge portfolio based on the magnitude of earnings management. These results represent evidence of significant mis-pricing associated with earnings management.
期刊論文
1.吳壽山、蕭子誼、林昱成(20031000)。運用橫斷面二階段迴歸檢定企業盈餘管理有效力之實證研究。證券市場發展，15:3=59，頁105-136。new window  延伸查詢new window
2.Teoh, S. H., I. Welch, and T. J. Wong(1998)。Earnings Management and the Underperformance of Initial Public Offerings。Journal of Financial Economics，50,no.1，pp.63-99。  new window
3.Perry, S. E.、Williams, T. H.(1994)。Earnings management preceding management buyout offers。Journal of Accounting and Economics，18(2)，157-179。  new window
4.Payne, Jeff L.、Robb, Sean W. G.(2000)。Earnings Management: The Effect of Ex Ante Earnings Expectations。Journal of Accounting，15(4)，371-392。  new window
5.Abarbanell, J. S.、Bushee, B. J.(1998)。Abnormal Returns to a Fundamental Analysis Strategy。The Accounting Review，73(1)，19-45。  new window
6.Burgstahler, David、Eames, Michael(2006)。Management of Earnings and Analysts' Forecasts to Achieve Zero and Small Positive Earnings Surprises。Journal of Business Finance and Accounting，33(5/6)，633-652。  new window
7.Beneish, M. D.(1997)。Detecting GAAP violation: implications for assessing earnings management among firms with extreme financial performance。Journal of Accounting and Public Policy，16(3)，271-309。  new window
8.Xie, H.(2001)。The Mispricing of Abnormal Accruals。The Accounting Review，76(3)，357-373。  new window
9.Desai, H.、Rajgopal, S.、Venkatachalam, M.(2004)。Value-glamour and accrual mispricing: One anomaly or two?。The Accounting Review，79(2)，355-385。  new window
10.Holthausen, Robert W.、Larcker, David F.、Sloan, Richard G.(1995)。Annual bonus schemes and the manipulation of earnings。Journal of Accounting and Economics，19(1)，29-74。  new window
11.Erickson, M.、Wang, S. W.(1999)。Earnings Management by Acquiring Firms in Stock for Stock Mergers。Journal of Accounting and Economics，27(2)，149-176。  new window
12.金成隆、林修葳、黃書楣(2000)。國內現金增資企業盈餘管理之實證研究。中山管理評論，8(4)，709-744。new window  延伸查詢new window
13.Kim, Y.、Park, M. S.(2005)。Pricing of seasoned equity offers and earnings management。Journal of Financial and Quantitative Analysis，40(2)，435-463。  new window
14.Fama, Eugene F.、French, K. R.(1998)。Market Efficiency, Long-Term Returns, and Behavioral Finance。Journal of Financial Economics，49(3)，283-306。  new window
15.Kormendi, Roger、Lipe, Robert(1987)。Earnings Innovations, Earnings Persistence, and Stock Returns。Journal of Business，60(3)，323-345。  new window
16.Miller, Merton H.、Rock, Kevin(1985)。Dividend policy under asymmetric information。The Journal of Finance，40(4)，1031-1051。  new window
17.Mitchell, Mark L.、Stafford, Erik(2000)。Managerial Decisions and Long-Term Stock Price Performance。Journal of Business，73(3)，287-329。  new window
18.Kasznik, Ron(1999)。On the association between voluntary disclosure and earnings management。Journal of Accounting Research，37(1)，57-82。  new window
19.夏侯欣榮(20000500)。臺灣增資新股（SEO）上市後長期績效之整體研究。管理評論，19(2)，1-33。new window  延伸查詢new window
20.Jaffe, Jeffrey F.(1974)。Special information and insider trading。Journal of Business，47(3)，410-428。  new window
21.Smith, Clifford W. Jr.、Watts, Ross L.(1992)。The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies。Journal of Financial Economics，32(3)，263-292。  new window
22.Teoh, Siew Hong、Welch, Ivo、Wong, Tak Jun(1998)。Earnings Management and the Long-run Market Performance of Initial Public Offerings。The Journal of Finance，53(6)，1935-1974。  new window
23.Jones, Jennifer J.(1991)。Earnings Management during Import Relief Investigations。Journal of Accounting Research，29(2)，193-228。  new window
24.Dechow, Patricia M.、Sloan, Richard G.、Sweeney, Amy P.(1995)。Detecting earnings management。The Accounting Review，70(2)，193-225。  new window
25.Subramanyam, K. R.(1996)。The pricing of discretionary accruals。Journal of Accounting and Economics，22(1-3)，249-281。  new window
26.Teoh, Siew Hong、Wong, T. J.、Rao, Gita R.(1998)。Are Accruals during Initial Public Offerings Opportunistic?。Review of Accounting Studies，3(1/2)，175-208。  new window
27.Healy, Paul M.(1985)。The Effect of Bonus Schemes on Accounting Decisions。Journal of Accounting and Economics，7(1-3)，85-107。  new window
28.DeAngelo, L. E.(1988)。Managerial Competition, Information Costs, and Corporate Governance: The Use of Accounting Performance Measures in Proxy Contests。Journal of Accounting and Economics，10(1)，3-36。  new window
29.Fama, Eugene F.、French, Kenneth R.(1993)。Common risk factors in the returns on stocks and bonds。Journal of Financial Economics，33(1)，3-56。  new window
30.Burgstahler, David C.、Dichev, Ilia D.(1997)。Earnings management to avoid earnings decreases and losses。Journal of Accounting and Economics，24(1)，99-126。  new window
31.Guay, Wayne R.、Kothari, S. P.、Watts, Ross L.(1996)。A Market-Based Evaluation of Discretionary Accrual Models。Journal of Accounting Research，34(Supplement)，83-105。  new window
32.DeFond, Mark L.、Jiambalvo, James(1994)。Debt Covenant Violation and Manipulation of Accruals。Journal of Accounting and Economics，17(1/2)，145-176。  new window
33.Scholes, Myron、Williams, Joseph T.(1977)。Estimating Betas from Nonsynchronous Data。Journal of Financial Economics，5(3)，309-327。  new window
34.Fama, Eugene F.、French, Kenneth R.(1992)。The Cross-Section of Expected Stock Returns。The Journal of Finance，47(2)，427-465。  new window
35.Sloan, Richard Geoffrey(1996)。Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?。The Accounting Review，71(3)，289-315。  new window
36.Mandelker, G.(1974)。Risk and return: The case of merging firms。Journal of Financial Economics，1(4)，303-335。  new window
37.Easton, P.(1997)。Use of Comparisons of Patterns of Stock Return and Accounting Data in Understanding Apparently Anomalous Returns to Accounting-based Trading Strategies。Contemporary Accounting Research，4(1)，137-151。  new window
研究報告
1.Francis, J.、LaFond, R.、Olsson, P.、Schipper, K.(2003)。Accounting Anomalies and Information Uncertainty。Duke University。  new window
2.Liu, Q.、Qi, R.(2004)。Information and Accruals Strategy: When Does the Market Mis-price Accruals?。Hong Kong：University of Hong Kong。  new window
3.Cheng, C. S. A.、Peng, H.、Thomas, W.(2005)。Comparison of Abnormal Accrual Estimation Procedures in the Context of Investor Mispricing。0。  new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
:::
無相關書籍
 
無相關著作
 
無相關點閱
 
QR Code
QRCODE

臺灣人文及社會科學引文索引資料庫

目前上線人數：958（臺灣：941，外國：17） ／ 本年度總使用人次：2111296 ／ 訪客人次（自102年09月）：67904078
國家圖書館著作權聲明 Copyright © 2013 All rights reserved.
本館地址: 100201臺北市中山南路20號． 本館地圖及交通資訊．
總機：(02)23619132．最佳瀏覽解析度為1024x768以上