:::

詳目顯示

回上一頁
題名:管理者過度自信與盈餘管理
書刊名:商管科技季刊
作者:林育秀 引用關係張詩婷
作者(外文):Lin, Yu-hsiuChang, Shih-ting
出版日期:2014
卷期:15:4
頁次:頁499-521
主題關鍵詞:管理者過度自信盈餘管理Managerial overconfidenceEarnings management
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(2) 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:2
  • 共同引用共同引用:53
  • 點閱點閱:41
盈餘管理文獻多從代理成本或非理性投資者的角度進行分析,本研究以2006年第一季至2011年第四季台灣上市櫃公司為研究樣本,探討管理者心理認知偏誤-過度自信對盈餘管理的影響,並且加入GDP成長率作為解釋變數,探討總體經濟景氣是否影響盈餘管理,以及其效果是否會因管理者過度自信而有所差異。實證結果顯示,當以管理者連續四季增加持股來定義管理者為過度自信時,過度自信對盈餘管理程度有顯著的負向影響,表示過度自信管理者採取較低的盈餘管理程度,而且此效果來自於虛減盈餘的負向盈餘管理,過度自信對虛增盈餘的正向盈餘管理程度並無顯著影響,因此過度自信管理者提供較佳的盈餘品質。其次,管理者會根據總體經濟景氣變化調整盈餘管理,隨著GDP成長率的提高,管理者會提高正向、縮小負向盈餘管理之程度,而過度自信管理者於負向管理的調整幅度顯著低於理性管理者。
By using panel data of publicly traded Taiwan companies from 2006Q1 through 2011Q4, this study investigates the effect of managerial overconfidence on earnings management. Managers are defined as overconfident if they persistently increase their holdings of company stock. In addition, we analyze whether and how macroeconomic condition affects earnings management. We find that negative earnings management is significantly smaller in companies with overconfident managers, and positive earnings management is unaffected by managerial overconfidence. We also find that as GDP improves positive earnings management will become greater and negative earnings management will become smaller, respectively. This effect of economic condition on earnings management is weaker in companies with overconfident managers.
期刊論文
1.Moore, D. A.、Cain, D. M.(2007)。Overconfidence and underconfidence: when and why people underestimate (and overestimate) the competition。Organizational Behavior and Human Decision Processes,103(2),197-213。  new window
2.Lin, Yueh-Hsiang、Hu, Shing-Yang、Chen, Ming-Shen(2008)。Testing pecking order prediction from the viewpoint of managerial optimism: some empirical evidence from Taiwan。Pacific-Basin Finance Journal,16(1/2),160-181。  new window
3.Malmendier, U.、Tate, G.(2008)。Who Make Acquisitions? CEO Overconfidence and The Market’s Reaction。Journal of Financial Economics,89(1),20-43。  new window
4.張瑞當、曾玉琦、廖浩雲(20110900)。集團企業資訊透明度與盈餘管理。商業現代化學刊,6(2),1-27。new window  延伸查詢new window
5.張榮武、劉文秀(2008)。管理者過度自信與盈餘管理的實證研究。財經理論輿實踐,29(1),72-77。  延伸查詢new window
6.Camerer, C.、Lovallo, D.(1999)。Overconfidence and excess entry: An experiment approach。American Economic Review,89,306-318。  new window
7.Gervais, Simon、Heaton, James B.、Odean, Terrance(2011)。Overconfidence, compensation Contracts, and capital budgeting。Journal of Finance,66(5),1735-1777。  new window
8.Dechow, P. M.、Sloan, R. G.、Sweeney, A. P.(1996)。Causes and Consequences of Earnings Management: An Analysis of Firms Subject to Enforcement Actions by the SEC。Contemporary Accounting Research,13(2),1-36。  new window
9.Matsumoto, D. A.(2002)。Management’s incentives to avoid negative earnings surprises。The Accounting Review,77(3),483-514。  new window
10.Ashari, Nasuhiyah、Koh, Hian Chye、Tan, Soh Leng、Wong, Wei Har(1994)。Factors affecting income smoothing among listed companies in Singapore。Accounting and Business Research,24(96),291-301。  new window
11.Schipper, K.(1989)。Commentary on earning management。Accounting Horizons,3(4),91-102。  new window
12.Bergstresser, Daniel、Philippon, Thomas(2006)。CEO incentives and earnings management。Journal of Financial Economics,80(3),511-529。  new window
13.Lin, Yueh-Hsiang、Hu, Shing-Yang、Chen, Ming-Shen(2005)。Managerial Optimism and Corporate Investment: Some Empirical Evidence From Taiwan。Pacific-Basin Finance Journal,13(5),523-546。  new window
14.Malmendier, Ulrike、Tate, Geoffrey(2005)。Does overconfidence affect corporate investment? CEO overconfidence measures revisited。European Financial Management,11(5),649-659。  new window
15.Roll, Richard(1986)。The Hubris Hypothesis of Corporate Takeovers。Journal of Business,59(2 Part 1),197-216。  new window
16.張瑞當、方俊儒、曾玉琦(20070200)。核心代理問題與盈餘管理:董事會結構與外部監督機制之探討。管理學報,24(1),17-39。new window  延伸查詢new window
17.Malmendier, Ulrike、Tate, Geoffrey A.(2005)。CEO Overconfidence and Corporate Investment。The Journal of Finance,60(6),2661-2700。  new window
18.Watts, Ross L.、Zimmerman, Jerold L.(1978)。Towards a positive theory of the determination of accounting standards。The Accounting Review,53(1),112-134。  new window
19.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
20.Teoh, Siew Hong、Welch, Ivo、Wong, T. J.(1998)。Earnings management and the underperformance of seasoned equity offerings。Journal of Financial Economics,50(1),63-99。  new window
21.Heaton, James Brian(2002)。Managerial optimism and corporate finance。Financial Management,31(2),33-45。  new window
22.Jones, Jennifer J.(1991)。Earnings Management during Import Relief Investigations。Journal of Accounting Research,29(2),193-228。  new window
23.Dechow, Patricia M.、Sloan, Richard G.、Sweeney, Amy P.(1995)。Detecting earnings management。The Accounting Review,70(2),193-225。  new window
24.Healy, Paul M.(1985)。The Effect of Bonus Schemes on Accounting Decisions。Journal of Accounting and Economics,7(1-3),85-107。  new window
25.Healy, Paul M.、Wahlen, James M.(1999)。A review of the earnings management literature and its implications for standard setting。Accounting Horizons,13(4),365-383。  new window
26.DeAngelo, Linda E.(1986)。Accounting numbers as market valuation substitutes: A study of management buyouts of public stockholders。The Accounting Review,61(3),400-420。  new window
27.Degeorge, François、Patel, Jayendu、Zeckhauser, Richard J.(1999)。Earnings management to exceed thresholds。Journal of Business,72(1),1-33。  new window
28.Becker, Connie L.、DeFond, Mark L.、Jiambalvo, James、Subramanyam, K. R.(1998)。The Effect of Audit Quality on Earnings Management。Contemporary Accounting Research,15(1),1-24。  new window
29.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
研究報告
1.Peasnell, Ken V.、Pope, Peter F.、Young, Steven E.(2001)。Board monitoring and earnings management: Do outside directors influence abnormal accruals?。Lancaster University。  new window
學位論文
1.郭淑芬(1996)。董監事特性與盈餘操縱現象及盈餘品質之關聯性研究(碩士論文)。國立中正大學。  延伸查詢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
 
QR Code
QRCODE