以C-Score衡量會計穩健性在臺灣的適用性__臺灣人文及社會科學引文索引資料庫

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題名：	以C-Score衡量會計穩健性在臺灣的適用性
書刊名：	會計審計論叢
作者：	王貞靜／潘虹華／戚務君
作者(外文)：	Wang, Chenchin／Pan, Hunghua／Chi, Wuchun
出版日期：	2012
卷期：	2:2
頁次：	頁1-31
主題關鍵詞：	盈餘穩健性；資訊不對稱；銀行新增貸款利率；Accounting conservatism；Information asymmetry；Bank loan pricing
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(11) 博士論文(0) 專書(0) 專書論文(0) 排除自我引用:11 共同引用:58 點閱:111

為解決 Basu (1997)模型無法衡量個別公司跨年度的條件穩健性程度， Khan and Watts (2009)建構了一套得以估計跨公司與跨期間的會計穩健性估計式 (以下簡稱為 C-Score)。為提供該估計式於臺灣適用性的證據，本文首先依循 Khan and Watts (2009)的驗證程序，實證 C-Score在臺灣與其他穩健指標具有共同性；接著利用C-Score再驗證 LaFond and Watts (2008)之主張穩健會計具有減緩企業資訊不對稱的效果，在臺灣同樣亦具有該功能與角色。最後，我們發現 C-Score與企業債務資金成本呈現負向的關聯性。整體而言，本文提供臺灣證據支持 C-Score的跨國適用性，並提供如何應用該估計值的實證分析。

以文找文

To overcome a limitation of Basu’s model (1997), with which researchers cannot examine the cross-sectional variation of asymmetric timeliness of earnings among firms, Khan and Watts (2009) estimate C-Score, which is a firm-year measure of conservative accounting, for listed firms in the U.S. Because the applicability of C-Score to non-U.S. firms has not been established, the first aim of the present paper is therefore to validate the application of C-Score to Taiwan companies. Second, using the measure, we confirm the theory that accounting conservatism can alleviate the problems of information asymmetry, using a more parsimonious model than the complex Basu-based method used in LaFond and Watts (2008). In addition, we use C-Score to show that conservative accounting decreases the cost of private debt. In sum, using Taiwan data, this paper replicates Khan and Watts by proving the applicability of C-Score, reproduces the findings of LaFond and Watts with a much more parsimonious model, and generates a novel application of C-Score.

以文找文

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