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題名：股權結構、盈餘管理與公司價值：衍生性金融商品與異常應計項目的角色
書刊名：會計學報
作者：曹壽民 引用關係／陳光政 引用關係／紀信義 引用關係／羅秀玲
作者(外文)：Tsao, Shou-min／Chen, Guang-zheng／Chi, Hsin-yi／Lo, Siou-ling
出版日期：2009
卷期：1:2
頁次：頁63-91
主題關鍵詞：衍生性金融商品；裁決性應計；公司價值；股權結構；Derivatives；Discretionary accruals；Firm value；Ownership structure
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(13) 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:13
  • 共同引用共同引用:143
  • 點閱點閱:221
本研究旨在探討盈餘管理方法的使用程度（衍生性金融商品／裁決性應計 項目）對於公司價值的影響，並進一步探討上市公司的股權結構是否會影響盈 餘管理方法的選擇。本文實證發現，公司使用衍生性金融商品從事盈餘管理的 比例與公司價值呈正相關。再者，控制股東股權結構會影響公司選擇盈餘管理 的方法，當公司治理結構較為弱式時，會使用較高程度的裁決性應計項目從事 盈餘管理。
This study examines the effect of the relative use of earnings management methods (i.e., derivatives / discretionary accruals) on firm value. Further, we study how the ownership structure of public corporations is associated with the relative use of derivatives to discretionary accruals. We find that there is a positive association between the relative use of derivatives to discretionary accruals and firm value. In addition, the controlling shareholder’s ownership structure will affect the choice of earnings management devices. When the corporate governance mechanism is weaker, firms are likely to use more discretionary accruals than derivatives as their earnings management method.
期刊論文
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31.Claessens, Stijn、Djankov, Simeon、Lang, Larry H. P.(2000)。The Separation of Ownership and Control in East Asian Corporations。Journal of Financial Economics，58(1/2)，81-112。  new window
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會議論文
1.金成隆、曹壽民、陳光政、紀信義(2006)。控制股東股權結構與盈餘管理關係之研究。2006 年現代財務論壇學術研討會，暨南國際大學 (會議日期: 2006/04/28)。  延伸查詢new window
研究報告
1.Gunny, Katherine Ann(2005)。What are the Consequences of Real Earnings Management?。University of Colorado at Boulder。  new window
2.Allayannis, G.、Lei, U.、Miller, D.(2007)。Corporate governance and the hedging premium around the world。University of Virginia。  new window
3.Bartram, Söhnke M.、Brown, Gregory W.、Fehle, Frank R.(2004)。International evidence on financial derivatives usage。University of Lancaster。  new window
4.Hunt, A.、Shevlin, T.、Moyer, S. E.(1995)。Earnings smoothing and equity value。University of Washington。  new window
圖書
1.Watts, Ross L.、Zimmerman, Jerold L.(1986)。Positive Accounting Theory。Prentice-Hall, Inc.。  new window
 
 
 
 
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