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題名 審計委員會成員專業背景與盈餘管理之關聯
The Association between the Members’ Professional Background of the Audit Committee and Earnings Management作者 陳照昇
Chen, Chao-Sheng貢獻者 郭弘卿
陳照昇
Chen, Chao-Sheng關鍵詞 審計委員會
專家
盈餘管理
Audit committee
Experts
Earnings Management日期 2020 上傳時間 1-Jul-2020 13:34:50 (UTC+8) 摘要 本研究欲探討我國2016年至2018年上市櫃公司中，有設置審計委員會者，其成員專業背景能否具備抑制盈餘管理之效果。本研究將審計委員會成員區分為財會、法律及產業三種類型之專家，並研究當審計委員會中存有越多種類之專家時，其盈餘管理程度是否越低，使審計委員會能夠發揮其功能，並提高財務報導資訊品質。結果顯示，當審計委員會存有越多種類專家時，盈餘管理呈顯著負相關。此外，本研究進一步判斷其抑制效果是否與產業專家有關，因此將研究樣本區分為具有產業專家以及不具有產業專家兩組，並觀察財會專家及法律專家與盈餘管理之關聯性，結果顯示，當審計委員會存有產業專家時，財會專家其盈餘管理呈顯著負相關，而法律專家並不具備抑制效果，亦即產業專家能與財會專家共同發揮其職責，以達到抑制盈餘管理之效果。
This study wants to examine the effect between Audit Committee members’ professional background and earnings management, if it can suppress earnings management. We have identified the Audit Committee as an expert in the three types of accounting, legal and industry and study if more types of experts are in the Audit Committee, the lower level of earnings management. Audit Committees are able to improve the quality of financial reporting information. Our results show that when Audit Committee have more types of experts, the lower of earnings management. In addition, this study further determines whether its effect is related to industry experts. So we divided sample into two groups. One group has industry experts and another does not. The results show that when the Audit Committee has industry experts, its earnings management is significantly negatively correlated. It means that industry experts can work with other types of experts to play their roles to suppress earnings management.參考文獻 柯承恩、陳耀宗與吳姍穎，2010，董監事治理與盈餘管理之關聯性研究，東吳會計學報，第2卷，第2期：26-60戚務君、王貞靜與黃建隆，2010，實質盈餘管理行為之研究，會計理論與實務研討會論文集，政治大學會計系謝永珍，2009，中國上市公司審計委員會治理效率的實證研究，第三屆公司治理國際研討會論文集，山東大學管理學院夏立軍與鹿小楠，2005，上市公司盈餘管理與信息披露質量相關性研究，當代經濟管理，第27卷，第5期：145-150謝德仁，2005，審計委員會：本原性質與作用機理，中國會計研究，第9期：69-76Abbott, L. J., S. Parker, and G. F. Peters. 2004. Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory 23 (1): 69–87.Anonymous. 2011. Corporate Governance and Accruals Earnings Management Managerial and Decision Economics 32(7)：439-456Al-Najjar, B. 2011. The determinants of audit committee independence and activity: Evidence from the UK. International Journal of Auditing 15(2):191-203.Bartov, E. 1993. The timing of asset sales and earnings manipulation. The Accounting Review 68(4):840-855Becker, C., M. DeFond, J. Jiambalvo, and K.R. Subramanyam. 1998. The effect of audit quality on earnings management. Contemporary Accounting Re-search 15(1):1-24.Bédard, J., S. M. Chtourou, and L. Courteau. 2004. The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory 23 (2):13–35.Carcello, J. V., Hollingsworth, C. W., Klein, A. and Neal, T. L. 2006. Audit committee financial expertise, Competing corporate governance mechanisms, and earnings management. Social Science Research Network.Carcello, J. V., C. W. Hollingsworth, A. Klein, and T. L. Neal. 2010. The role of audit committee financial experts in the Post-Sox era: Have smaller public companies benefited disproportionately? Working paper, The University of TennesseeCheung, Y., P.R. Rau, and A. Stouraitis. 2006. Tunneling, propping and expropriation: Evidence from connected party transactions in Hong Kong. Journal of Financial Economics 82(2): 343-386.Chi, W., Lisic, L. L. and Pevzner, M. 2011. Is enhanced audit quality associated with greater real earnings management? Accounting Horizons 25(2):315-335.Cohen, D., and P. Zarowin. 2010. Accrual-based and real earnings management activities around seasoned equity offerings. Journal of Accounting and Economics 50(1):2-19Cohen, J. R., Hoitash, U., Krishnamoorthy, G. and Wright, A. M. 2014.The effect of audit committee industry expertise on monitoring the financial reporting process.The Accounting Review 89(1):243.Dechow, M. and J. Skinner. 2000. Earnings management: reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons 14(2):235-250Dechow, P. M., Sloan, R. G. and Sweeney, A. P. 1995. Detecting earnings management. The Accounting Review 70(2):193.Defond, M. L., Hann, R. N. and Hu, X. 2005. Does the market value financial expertise on audit committees of boards of directors? Journal of Accounting Research 43(2):153-193.Degeorge, F., J. Patel, and R. Zeckhauser. 1999. Earnings management to exceed thresholds. The Journal of Business 72(1)：1-33.Dhaliwal, D., Naiker, V. and Navissi, F. 2010. The association between accruals quality and the characteristics of accounting experts and mix of expertise on audit committees. Contemporary Accounting Research 27(3):787.DuCharme, L. L., P. H. Malatesta, and S. E. Sefcik. 2004. Earnings management, stock issues, and shareholder lawsuits. Journal of Financial Economics71(1): 27–49Healy, P. M. 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics 7 (4): 85-107.Healy, P. M., and J. M. Wahlen. 1999. A review of the earnings management literature and its implications for standard setting. Accounting Horizons 13 (4): 365-383.Jones, J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29(2):193-228Khosheghbal, M., Amiri, A. and Ali, H. 2017. Role of audit committees and board of directors in reducing earning management of companies listed in tehran stock exchange. International Journal of Economics and Financial Issues 7(6):147-153.Kim, B, M. Pevzner, and L. Lei. 2010. Debt covenant slacks and real earnings management. Working Paper, George Mason University Kim, H., Kwak, B., Lim, Y. and Yu, J. 2017. Audit committee accounting expertise, CEO power, and audit pricing. Asia-Pacific. Journal of Accounting & Economics 24(3):421.Klein, A. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting & Economics 33(3):375-4000.Kothari, P., J. Leone, E. Wasley. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics 39:163-197.Krishnan, J., Wen, Y. and Zhao, W. 2011. Legal expertise on corporate audit committees and financial reporting quality. The Accounting Review 86(6): 2099-130.Langevoort, D. C. 2007. The social construction of Sarbanes-Oxley. Michigan Law Review 105(8):1817–1855.Ling, L. L., Myers, L. A., Seidel, T. A. and Zhou, J. 2019. Does audit committee accounting expertise help to promote audit quality? Evidence from auditor reporting of internal control weaknesses. Contemporary Accounting Research 36(4), 2521-2553.Linck, J. S., J. M. Netter, and T. Yang. 2009. The effects and unintended consequences of the Sarbanes-Oxley Act on the supply and demand for directors. Review of Financial Studies 22(8):3287–3328Lynch, L. J. and Williams, S. P. 2012. Does equity compensation compromise audit committee independence? Evidence from earnings management. Journal of Managerial Issues 24(3):293-320,230.Malik, M. 2014. Audit committee composition and effectiveness: A review of post-SOX literature. Journal of Management Control 25(2):81-117.Mustafa, S. T. and Nourhene, B. Y. 2010. Audit committee financial expertise and misappropriation of assets. Managerial Auditing Journal 25(3):208-225.Olson, J. F. 1999. How to really make audit committees more effective. The Business Lawyer 54(3):1097-1111.Reynolds, J. K. and Francis, J. R. 2000. Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting & Economics 30(3):375-400Rich, K. T. 2009. Audit committee accounting expertise and changes in financial reporting quality. Ph.D. dissertation, University of Texas, Austin Oregon Roychowdhury, S. 2006. Earnings management through real activities manipulation. Journal of Accounting and Economics 42(3):335-370.Schipper, K. 1989. Commentary on earnings management. Accounting Horizons 3: 91-102.Watts, R. L. and Zimmerman, J. L. 1978. Towards a positive theory of the determination of accounting standards. The Accounting Review 53(1):112.Xie, B., W. N. Davidson III. and P. J. DaDalt. 2003. Earnings management and corporate governance: the role of the board and the audit committee. Journal of Corporate Finance 9:295-316Yasser, Q. R. and Al Mamun, A. 2016. Audit committee structure and earnings management in Asia Pacific. Economics and Business Review, 2(1), 66-84.Zhang, Y, J. Zhou, and N. Zhou. 2007. Audit committee quality, auditor independence and internal control weaknesses. Journal of Accounting and Public Policy 26:300-327 描述 碩士
國立政治大學
會計學系
107353028資料來源 http://thesis.lib.nccu.edu.tw/record/#G0107353028 資料類型 thesis dc.contributor.advisor 郭弘卿 zh_TW dc.contributor.author (Authors) 陳照昇 zh_TW dc.contributor.author (Authors) Chen, Chao-Sheng en_US dc.creator (作者) 陳照昇 zh_TW dc.creator (作者) Chen, Chao-Sheng en_US dc.date (日期) 2020 en_US dc.date.accessioned 1-Jul-2020 13:34:50 (UTC+8) - dc.date.available 1-Jul-2020 13:34:50 (UTC+8) - dc.date.issued (上傳時間) 1-Jul-2020 13:34:50 (UTC+8) - dc.identifier (Other Identifiers) G0107353028 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/130510 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計學系 zh_TW dc.description (描述) 107353028 zh_TW dc.description.abstract (摘要) 本研究欲探討我國2016年至2018年上市櫃公司中，有設置審計委員會者，其成員專業背景能否具備抑制盈餘管理之效果。本研究將審計委員會成員區分為財會、法律及產業三種類型之專家，並研究當審計委員會中存有越多種類之專家時，其盈餘管理程度是否越低，使審計委員會能夠發揮其功能，並提高財務報導資訊品質。結果顯示，當審計委員會存有越多種類專家時，盈餘管理呈顯著負相關。此外，本研究進一步判斷其抑制效果是否與產業專家有關，因此將研究樣本區分為具有產業專家以及不具有產業專家兩組，並觀察財會專家及法律專家與盈餘管理之關聯性，結果顯示，當審計委員會存有產業專家時，財會專家其盈餘管理呈顯著負相關，而法律專家並不具備抑制效果，亦即產業專家能與財會專家共同發揮其職責，以達到抑制盈餘管理之效果。 zh_TW dc.description.abstract (摘要) This study wants to examine the effect between Audit Committee members’ professional background and earnings management, if it can suppress earnings management. We have identified the Audit Committee as an expert in the three types of accounting, legal and industry and study if more types of experts are in the Audit Committee, the lower level of earnings management. Audit Committees are able to improve the quality of financial reporting information. Our results show that when Audit Committee have more types of experts, the lower of earnings management. In addition, this study further determines whether its effect is related to industry experts. So we divided sample into two groups. One group has industry experts and another does not. The results show that when the Audit Committee has industry experts, its earnings management is significantly negatively correlated. It means that industry experts can work with other types of experts to play their roles to suppress earnings management. en_US dc.description.tableofcontents 第壹章 緒論 1第一節 研究背景與動機 1第二節 研究目的 4第三節 研究流程 6第貳章 文獻探討 7第一節 盈餘管理 7第二節 審計委員會 11第參章 研究設計 17第一節 假說發展 17第二節 樣本選取、資料來源及研究期間 19第三節 變數衡量 21第四節 實證模型 27第肆章 實證結果 29第一節 敘述性統計 29第二節 相關係數分析 31第三節 迴歸結果分析 33第四節 其他檢測 35第伍章 研究結論與建議 36第一節 研究結論 36第二節 研究限制 37第三節 研究建議 37參考文獻 39 zh_TW dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0107353028 en_US dc.subject (關鍵詞) 審計委員會 zh_TW dc.subject (關鍵詞) 專家 zh_TW dc.subject (關鍵詞) 盈餘管理 zh_TW dc.subject (關鍵詞) Audit committee en_US dc.subject (關鍵詞) Experts en_US dc.subject (關鍵詞) Earnings Management en_US dc.title (題名) 審計委員會成員專業背景與盈餘管理之關聯 zh_TW dc.title (題名) The Association between the Members’ Professional Background of the Audit Committee and Earnings Management en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 柯承恩、陳耀宗與吳姍穎，2010，董監事治理與盈餘管理之關聯性研究，東吳會計學報，第2卷，第2期：26-60戚務君、王貞靜與黃建隆，2010，實質盈餘管理行為之研究，會計理論與實務研討會論文集，政治大學會計系謝永珍，2009，中國上市公司審計委員會治理效率的實證研究，第三屆公司治理國際研討會論文集，山東大學管理學院夏立軍與鹿小楠，2005，上市公司盈餘管理與信息披露質量相關性研究，當代經濟管理，第27卷，第5期：145-150謝德仁，2005，審計委員會：本原性質與作用機理，中國會計研究，第9期：69-76Abbott, L. J., S. Parker, and G. F. Peters. 2004. Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory 23 (1): 69–87.Anonymous. 2011. Corporate Governance and Accruals Earnings Management Managerial and Decision Economics 32(7)：439-456Al-Najjar, B. 2011. The determinants of audit committee independence and activity: Evidence from the UK. International Journal of Auditing 15(2):191-203.Bartov, E. 1993. The timing of asset sales and earnings manipulation. The Accounting Review 68(4):840-855Becker, C., M. DeFond, J. Jiambalvo, and K.R. Subramanyam. 1998. The effect of audit quality on earnings management. Contemporary Accounting Re-search 15(1):1-24.Bédard, J., S. M. Chtourou, and L. Courteau. 2004. The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory 23 (2):13–35.Carcello, J. V., Hollingsworth, C. W., Klein, A. and Neal, T. L. 2006. Audit committee financial expertise, Competing corporate governance mechanisms, and earnings management. Social Science Research Network.Carcello, J. V., C. W. Hollingsworth, A. Klein, and T. L. Neal. 2010. The role of audit committee financial experts in the Post-Sox era: Have smaller public companies benefited disproportionately? Working paper, The University of TennesseeCheung, Y., P.R. Rau, and A. Stouraitis. 2006. Tunneling, propping and expropriation: Evidence from connected party transactions in Hong Kong. Journal of Financial Economics 82(2): 343-386.Chi, W., Lisic, L. L. and Pevzner, M. 2011. Is enhanced audit quality associated with greater real earnings management? Accounting Horizons 25(2):315-335.Cohen, D., and P. Zarowin. 2010. Accrual-based and real earnings management activities around seasoned equity offerings. Journal of Accounting and Economics 50(1):2-19Cohen, J. R., Hoitash, U., Krishnamoorthy, G. and Wright, A. M. 2014.The effect of audit committee industry expertise on monitoring the financial reporting process.The Accounting Review 89(1):243.Dechow, M. and J. Skinner. 2000. Earnings management: reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons 14(2):235-250Dechow, P. M., Sloan, R. G. and Sweeney, A. P. 1995. Detecting earnings management. The Accounting Review 70(2):193.Defond, M. L., Hann, R. N. and Hu, X. 2005. Does the market value financial expertise on audit committees of boards of directors? Journal of Accounting Research 43(2):153-193.Degeorge, F., J. Patel, and R. Zeckhauser. 1999. Earnings management to exceed thresholds. The Journal of Business 72(1)：1-33.Dhaliwal, D., Naiker, V. and Navissi, F. 2010. The association between accruals quality and the characteristics of accounting experts and mix of expertise on audit committees. Contemporary Accounting Research 27(3):787.DuCharme, L. L., P. H. Malatesta, and S. E. Sefcik. 2004. Earnings management, stock issues, and shareholder lawsuits. Journal of Financial Economics71(1): 27–49Healy, P. M. 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics 7 (4): 85-107.Healy, P. M., and J. M. Wahlen. 1999. A review of the earnings management literature and its implications for standard setting. Accounting Horizons 13 (4): 365-383.Jones, J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29(2):193-228Khosheghbal, M., Amiri, A. and Ali, H. 2017. Role of audit committees and board of directors in reducing earning management of companies listed in tehran stock exchange. International Journal of Economics and Financial Issues 7(6):147-153.Kim, B, M. Pevzner, and L. Lei. 2010. Debt covenant slacks and real earnings management. Working Paper, George Mason University Kim, H., Kwak, B., Lim, Y. and Yu, J. 2017. Audit committee accounting expertise, CEO power, and audit pricing. Asia-Pacific. Journal of Accounting & Economics 24(3):421.Klein, A. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting & Economics 33(3):375-4000.Kothari, P., J. Leone, E. Wasley. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics 39:163-197.Krishnan, J., Wen, Y. and Zhao, W. 2011. Legal expertise on corporate audit committees and financial reporting quality. The Accounting Review 86(6): 2099-130.Langevoort, D. C. 2007. The social construction of Sarbanes-Oxley. Michigan Law Review 105(8):1817–1855.Ling, L. L., Myers, L. A., Seidel, T. A. and Zhou, J. 2019. Does audit committee accounting expertise help to promote audit quality? Evidence from auditor reporting of internal control weaknesses. Contemporary Accounting Research 36(4), 2521-2553.Linck, J. S., J. M. Netter, and T. Yang. 2009. The effects and unintended consequences of the Sarbanes-Oxley Act on the supply and demand for directors. Review of Financial Studies 22(8):3287–3328Lynch, L. J. and Williams, S. P. 2012. Does equity compensation compromise audit committee independence? Evidence from earnings management. Journal of Managerial Issues 24(3):293-320,230.Malik, M. 2014. Audit committee composition and effectiveness: A review of post-SOX literature. Journal of Management Control 25(2):81-117.Mustafa, S. T. and Nourhene, B. Y. 2010. Audit committee financial expertise and misappropriation of assets. Managerial Auditing Journal 25(3):208-225.Olson, J. F. 1999. How to really make audit committees more effective. The Business Lawyer 54(3):1097-1111.Reynolds, J. K. and Francis, J. R. 2000. Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting & Economics 30(3):375-400Rich, K. T. 2009. Audit committee accounting expertise and changes in financial reporting quality. Ph.D. dissertation, University of Texas, Austin Oregon Roychowdhury, S. 2006. Earnings management through real activities manipulation. Journal of Accounting and Economics 42(3):335-370.Schipper, K. 1989. Commentary on earnings management. Accounting Horizons 3: 91-102.Watts, R. L. and Zimmerman, J. L. 1978. Towards a positive theory of the determination of accounting standards. The Accounting Review 53(1):112.Xie, B., W. N. Davidson III. and P. J. DaDalt. 2003. Earnings management and corporate governance: the role of the board and the audit committee. Journal of Corporate Finance 9:295-316Yasser, Q. R. and Al Mamun, A. 2016. Audit committee structure and earnings management in Asia Pacific. Economics and Business Review, 2(1), 66-84.Zhang, Y, J. Zhou, and N. Zhou. 2007. Audit committee quality, auditor independence and internal control weaknesses. Journal of Accounting and Public Policy 26:300-327 zh_TW dc.identifier.doi (DOI) 10.6814/NCCU202000619 en_US
