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題名:家族企業暨代理問題於財務報表重編及法人說明會之研究
作者:蘇淑慧
校院名稱:國立政治大學
系所名稱:會計研究所
指導教授:金成隆
學位類別:博士
出版日期:2008
主題關鍵詞:家族公司財務報表重編法人說明會代理問題家族聲譽
原始連結:連回原系統網址new window
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本研究旨在探討家族公司與非家族公司在財務報表重編及法人說明會上之差異;其次,考慮家族公司本身亦存在差異性,因此進一步將家族公司按其聲譽或誠信之好壞予以分群,以檢測聲譽或誠信較差(好)之公司相較於其他家族公司在財務報表重編及法人說明會上是否具有差異。另外,本研究也探討過去受到高度重視的兩種代理問題(管理階層與股東間的傳統代理問題,控制股東與小股東間的核心代理問題)對於公司財務報表重編及召開法人說明會可能性之相對影響程度。在財務報表重編之衡量上,除了考慮發生重編的可能性外,更進一步衡量重編之嚴重程度。相較於其他家族企業之研究將家族公司視為同一族群,本研究之最大貢獻在於考慮家族公司可能具有聲譽上之異質性,而此一異質性會造成家族公司在財務報表品質及自願性揭露上之差異。本研究有下列發現:(1)相較於非家族公司而言,家族公司發生財務報表重編事件之可能性並未較高,然而誠信或社會觀感較差之家族公司相較於其他家族公司比較容易發生財務報表重編事件;(2)雖然家族公司召開法人說明會可能性較高、召開頻率也較多,然而進一步將家族公司分組後,發現聲譽或誠信較差之家族公司較其他家族公司傾向不召開法人說明會且召開頻率亦較低;(3)當公司存在兩種代理問題時,不論是單獨存在或是同時存在,皆會增加財務報表重編之可能性;(4)單獨存在傳統代理問題並不影響公司自願性揭露之意願,然而當公司採用控制權擴增機制時,則會降低公司召開法人說明會之意願與召開之頻率。
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