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題名：盈餘管理對會計資訊的相對價值攸關性之影響
書刊名：管理與系統
作者：范宏書 引用關係／陳慶隆／廖英任
作者(外文)：Fan, Hung-shu／Chen, Ching-lung／Liao, Ying-jen
出版日期：2008
卷期：15:1
頁次：頁93-136
主題關鍵詞：盈餘管理；價值攸關性；盈餘；權益帳面價值；Earnings management；Value-relevance；Earnings；Book value
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(20) 博士論文(1) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:15
  • 共同引用共同引用:88
  • 點閱點閱:116
本研究探討管理當局之盈餘管理程度對盈餘、權益帳面價值二會計資訊之整體及個別價值攸關性的影響。實證結果發現：(1)以裁決性應計數的絕對值爲衡量盈餘管理行爲基礎，發現盈餘與權益帳面價值的整體價值攸關性，在高裁決性應計數的公司顯著低於低裁決性應計數的公司，顯示會計資訊的整體價值攸關性確實受到公司從事盈餘管理行爲的衝擊；(2)當公司經由總裁決性應計數或長期裁決性應計數從事盈餘管理時，盈餘管理程度越大，盈餘之價值攸關性下降越多，而權益帳面價值之價值攸關性則提高越多，如公司係透過短期裁決性應計數進行盈餘管理時，盈餘管理程度越大，則盈餘之價值攸關性會下降越多，但權益帳面價值之價值攸關性雖然增加但未達統計顯著水準，顯示公司的盈餘管理行爲顯著降低盈餘變數的價值攸關性，惟僅在以總裁決性應計數及長期裁決性應計數爲衡量基礎的檢測下，會顯著增加權益帳面價值的價值攸關性；(3)就長、短期裁決性應計數對財務報表價值攸關性之影響程度比較觀察，在影響方向上，長期裁決性應計數對盈餘變數、權益帳面價值變數價值攸關性影響顯著大於短期裁決性應計數，而在影響程度之聯合檢定下，長期裁決性應計數對盈餘與權益帳面價值之價值攸關性影響高於短期裁決性應計數之影響，但對盈餘與權益帳面價值變數價值攸關性之單獨檢定，只有權益帳面價值之價值攸關性在長、短期裁決性應計數下之差異達統計上顯著水準。綜合而言，長期裁決性應計數對盈餘與權益帳面價值之價值攸關性影響高於短期裁決性應計數之影響。
The present study examines the impact of the extent of alternative earnings management measures on the the relative value-relevance of both earnings and book values. The empirical results demonstrate that earnings management, which is measured respectively by total discretionary accruals, short-term discretionary accruals, and long-term discretionary accruals, has a negative impact on the combined value-relevance of earnings and book values. In addition, in the presence of earnings management, it is evidenced that there is a shift from a reliance on earnings to a reliance on book value in the valuation process. The larger discretionary accruals, the more value-relevance loss of earnings, in contrast, the more value-relevance increase of book values. Moreover, it is found that earnings management via long-term discretionary accruals has a greater impact on the value-relevance decrease of earnings and the value-relevance increase of book value than that via short-term discretionary accruals.
期刊論文
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7.Ou, Jane A.、Sepe, James F.(2002)。Analysts Earnings Forecasts and the Roles of Earnings and Book Value in Equity Valuation。Journal of Business Finance & Accounting，29(3/4)，287-316。  new window
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17.彭火樹(20050100)。股價與盈餘關係之研究：盈餘與權益帳面價值定式問題之考量。會計評論，40，69-90。new window  延伸查詢new window
18.Rangan, Srinivasan(1998)。Earnings Management and the Performance of Seasoned Equity Offerings。Journal of Financial Economics，50(1)，101-122。  new window
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29.Dechow, Patricia M.、Sloan, Richard G.、Sweeney, Amy P.(1995)。Detecting earnings management。The Accounting Review，70(2)，193-225。  new window
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31.Barth, Mary E.、Beaver, William H.、Landsman, Wayne R.(1998)。Relative Valuation Roles of Equity Book Value and Net Income as a Function of Financial Health。Journal of Accounting and Economics，25(1)，1-34。  new window
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會議論文
1.許永聲、王泰昌(2005)。盈餘管理行為與會計資訊的評價能力。國立中興大學會計研究所研討會。  延伸查詢new window
研究報告
1.Jan, C. L.、Ou, J.(1995)。The Role of Negative Earnings in the Valuation of Equity Stocks。New York University。  new window
2.Whelan, Catherine J.、McNamara, Raymond P.(2004)。The Impact of Earnings Management on the Value-relevance of Financial Statement Information。Georgia College and State University。  new window
3.Gul, F. A.、Leung, S.、Srinidhi, B.(2003)。Informative and Opportunistic Earnings Management and the Value Relevance of Earnings: Some Evidence on the Role of IOS。City University of Hong Kong。  new window
圖書
1.Neter, J.、Wasserman, W.、Kuther, M. H.(1989)。Applied Linear Statistical Models。Applied Linear Statistical Models。Boston, MA：Richard D. IRWIN, INC.。  new window
2.Beaver, W. H.(2002)。Financial Reporting: An Accounting Revolution。Financial Reporting: An Accounting Revolution。0：Prentice Hall。  new window
3.Greene, W. H.(1991)。Econometric Analysis。Econometric Analysis。New York, NY。  new window
 
 
 
 
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