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題名 CEO與董事之財務會計背景及企業內部控制 作者 鄭婷尹
Cheng, Ting-Yin貢獻者 林禹銘
鄭婷尹
Cheng, Ting-Yin關鍵詞 內部控制
經理人財務背景
董事財務背景
Internal control
Financial background of CEO
Financial background of director日期 2020 上傳時間 3-Aug-2020 17:27:39 (UTC+8) 摘要 本文以2003年至2014年須強制遵循SOX404之公開上市公司為研究樣本，探討企業之經理人和董事之財務專業背景，對企業內部控制之影響。實證結果顯示，具財務專業經理人的企業，其內部控制缺失數量較少，顯見其對企業內部控制有著正面影響。此外，當企業董事具備財務專業時，將強化上述財務背景經理人與內部控制的正面影響。由於過去文獻研究主要探討企業高階成員特質，對於企業財務績效以及經營策略的影響，較少探討其與企業內部控制的關聯性，本文的發現可補充相關文獻；在實務上，本文實證結果亦可作為企業任用CEO時的參考。
This paper focuses on the companies required to comply with SOX404 and explores the relationship between the financial background of CEOs and the internal control. Based on 42,626 samples from 2003 to 2014, this study finds that the enterprises with financial background CEO have less internal control weakness. As such, CEOs with financial background have positive impact on the internal control. In addition, when the directors have financial background, such positive impact will be strengthened. The empirical results supplement the related researches and provide a reference for appointment of CEOs in practice.參考文獻 王鵬、毛霽箴，2018，CEO特徵、風險偏好與內部人交易，南京審計學院學報，2018年03期：45-54。池國華、楊金與鄒威，2014，高管背景特徵對內部控制質量的影響研究––來自中國A股上市公司的經驗證據，會計研究，2014年11期：67-75。李芳英、龐榮輝，2008，企業高管團隊人口特徵對戰略決策的影響，經濟論壇，2008年21期：97-98。李慶玲，2018，董事會類型、會計專長與內部控制缺陷認定標準，中南財經政法大學博士論文。馬秀如，1998，內部控制－整體架構，原著：美國Committee of SponsoringOrganizations of the Treadway Commission，COSO委員會，台北：財團法人中華民國會計研究發展基金會。陳傳明、孫俊華，2008，企業家人口背景特徵與多元化戰略選擇——基於中國上市公司面板數據的實證研究，管理世界，2008年05期：124-133+187-188。馮均科，2010，公司內部審計：治理與被治理，中國內部審計，2010年12期：30-33。黃誌緯，2009，內部控制有效性與企業績效及財務報導可靠性，國立成功大學會計學系碩士論文。曾三雲、劉文軍與龍君，2015，制度環境、CEO背景特徵與現金持有量，山西財經大學學報，2015年04期：57-66.楊星，2013，高管團隊背景特徵、薪酬激勵與內部控制有效性。商業會計，2013年12期：82-84。楊適伃，2008，內部控制影響因素，中原大學會計學系碩士論文。ACFE Report to the Nations: 2018 Global Fraud Study. (n.d.). Retrieved June 2,2020, from https://www.acfe.com/report-to-the-nations/2018/default.aspxBamber, L. S., Jiang, J. (X., & Wang, I. Y. (2010). What’s My Style? The Influence ofTop Managers on Voluntary Corporate Financial Disclosure. The Accounting Review, 85(4), 1131–1162. doi: 10.2308/accr.2010.85.4.1131Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction insocial psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173–1182.Belghitar, Y., & Clark, E. A. (2012). The Effect of CEO Risk Appetite on FirmVolatility: An Empirical Analysis of Financial Firms. International Journal of the Economics of Business, 19(2), 195–211. doi: 10.1080/13571516.2012.642640Chan, K. C., Lee, P., & Seow, G. S. (2008). Why did management and auditors fail toidentify ineffective internal controls in their initial SOX 404 reviews? Review of Accounting and Finance, 7(4), 338–354. doi: 10.1108/14757700810920757Cullinan, C. P., & Roush, P. B. (2011). Has the likelihood of appointing a CEO withan accounting/finance background changed in the post-Sarbanes Oxley era? Research in Accounting Regulation, 23(1), 71–77. doi: 10.1016/j.racreg.2011.03.005Custódio, C., & Metzger, D. (2014). Financial expert CEOs: CEO׳s work experienceand firm׳s financial policies. Journal of Financial Economics, 114(1), 125–154. doi: 10.1016/j.jfineco.2014.06.002Doyle, J., Ge, W., & Mcvay, S. (2007). Determinants of weaknesses in internal controlover financial reporting. Journal of Accounting and Economics, 44(1-2), 193–223. doi: 10.1016/j.jacceco.2006.10.003Durfee D. (2005). Why More Companies Are Tapping Their Finance Chief for CEO,CFO Magazine,Ge, W., & Mcvay, S. (2005). The Disclosure of Material Weaknesses in InternalControl after the Sarbanes-Oxley Act. Accounting Horizons, 19(3), 137–158. doi: 10.2308/acch.2005.19.3.137Graham, J. R., Harvey, C. R., & Puri, M. (2013). Managerial attitudes and corporateactions. Journal of Financial Economics, 109(1), 103–121. doi: 10.1016/j.jfineco.2013.01.010Hambrick, D. C. (2007). Upper echelons theory: An update. The Academy ofManagement Review, 32(2), 334–343Hambrick, D. C. & Mason(1984), “Upper Echelons: The Organization as Reflectionof Its Top Managers”, Academy of Management Review, pp. 193-206Hillman, A. J., & Dalziel, T. (2003). Boards of Directors and Firm Performance:Integrating Agency and Resource Dependence Perspectives. The Academy of Management Review, 28(3), 383. doi: 10.2307/30040728Jensen, M., & Zajac, E. J. (2004). Corporate elites and corporate strategy: Howdemographic preferences and structural position shape the scope of the firm. Strategic Management Journal, 25(6), 507-524.https://doi.org/10.1002/smj.393Krishnan, J. (2005). Audit Committee Quality and Internal Control: An EmpiricalAnalysis. The Accounting Review, 80(2), 649–675. doi: 10.2308/accr.2005.80.2.649Matsunaga, S. R., & Yeung, E. (2008). Evidence on the Impact of a CEOs FinancialExperience on the Quality of the Firms Financial Reports and Disclosures. SSRN Electronic Journal. doi: 10.2139/ssrn.1014097Michel, J. G., & Hambrick, D. C. (1992). Diversification Posture and TopManagement Team Characteristics. Academy of Management Journal, 35(1), 9–37. doi: 10.5465/256471 描述 碩士
國立政治大學
會計學系
107353023資料來源 http://thesis.lib.nccu.edu.tw/record/#G0107353023 資料類型 thesis dc.contributor.advisor 林禹銘 zh_TW dc.contributor.author (Authors) 鄭婷尹 zh_TW dc.contributor.author (Authors) Cheng, Ting-Yin en_US dc.creator (作者) 鄭婷尹 zh_TW dc.creator (作者) Cheng, Ting-Yin en_US dc.date (日期) 2020 en_US dc.date.accessioned 3-Aug-2020 17:27:39 (UTC+8) - dc.date.available 3-Aug-2020 17:27:39 (UTC+8) - dc.date.issued (上傳時間) 3-Aug-2020 17:27:39 (UTC+8) - dc.identifier (Other Identifiers) G0107353023 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/130932 - 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) 107353023 zh_TW dc.description.abstract (摘要) 本文以2003年至2014年須強制遵循SOX404之公開上市公司為研究樣本，探討企業之經理人和董事之財務專業背景，對企業內部控制之影響。實證結果顯示，具財務專業經理人的企業，其內部控制缺失數量較少，顯見其對企業內部控制有著正面影響。此外，當企業董事具備財務專業時，將強化上述財務背景經理人與內部控制的正面影響。由於過去文獻研究主要探討企業高階成員特質，對於企業財務績效以及經營策略的影響，較少探討其與企業內部控制的關聯性，本文的發現可補充相關文獻；在實務上，本文實證結果亦可作為企業任用CEO時的參考。 zh_TW dc.description.abstract (摘要) This paper focuses on the companies required to comply with SOX404 and explores the relationship between the financial background of CEOs and the internal control. Based on 42,626 samples from 2003 to 2014, this study finds that the enterprises with financial background CEO have less internal control weakness. As such, CEOs with financial background have positive impact on the internal control. In addition, when the directors have financial background, such positive impact will be strengthened. The empirical results supplement the related researches and provide a reference for appointment of CEOs in practice. en_US dc.description.tableofcontents 壹、 緒論 1貳、 文獻回顧及假說發展 2第一節、 文獻回顧 2一、 經理人之特徵 2二、 內部控制 3三、 企業高階成員與內部控制 4第二節、 假說發展 5參、 研究方法 6第一節、 研究樣本與資料來源 6第二節、 研究模型 6一、 變數選取 6二、 模型設計 7肆、 實證結果 9第一節、 敘述性統計 9第二節、 迴歸分析 13第三節、 研究結果 15伍、 結論 17第一節、 研究結果及貢獻 17第二節、 研究限制與未來研究方向 17參考文獻 18中文文獻 18外文文獻 19 zh_TW dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0107353023 en_US dc.subject (關鍵詞) 內部控制 zh_TW dc.subject (關鍵詞) 經理人財務背景 zh_TW dc.subject (關鍵詞) 董事財務背景 zh_TW dc.subject (關鍵詞) Internal control en_US dc.subject (關鍵詞) Financial background of CEO en_US dc.subject (關鍵詞) Financial background of director en_US dc.title (題名) CEO與董事之財務會計背景及企業內部控制 zh_TW dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 王鵬、毛霽箴，2018，CEO特徵、風險偏好與內部人交易，南京審計學院學報，2018年03期：45-54。池國華、楊金與鄒威，2014，高管背景特徵對內部控制質量的影響研究––來自中國A股上市公司的經驗證據，會計研究，2014年11期：67-75。李芳英、龐榮輝，2008，企業高管團隊人口特徵對戰略決策的影響，經濟論壇，2008年21期：97-98。李慶玲，2018，董事會類型、會計專長與內部控制缺陷認定標準，中南財經政法大學博士論文。馬秀如，1998，內部控制－整體架構，原著：美國Committee of SponsoringOrganizations of the Treadway Commission，COSO委員會，台北：財團法人中華民國會計研究發展基金會。陳傳明、孫俊華，2008，企業家人口背景特徵與多元化戰略選擇——基於中國上市公司面板數據的實證研究，管理世界，2008年05期：124-133+187-188。馮均科，2010，公司內部審計：治理與被治理，中國內部審計，2010年12期：30-33。黃誌緯，2009，內部控制有效性與企業績效及財務報導可靠性，國立成功大學會計學系碩士論文。曾三雲、劉文軍與龍君，2015，制度環境、CEO背景特徵與現金持有量，山西財經大學學報，2015年04期：57-66.楊星，2013，高管團隊背景特徵、薪酬激勵與內部控制有效性。商業會計，2013年12期：82-84。楊適伃，2008，內部控制影響因素，中原大學會計學系碩士論文。ACFE Report to the Nations: 2018 Global Fraud Study. (n.d.). Retrieved June 2,2020, from https://www.acfe.com/report-to-the-nations/2018/default.aspxBamber, L. S., Jiang, J. (X., & Wang, I. Y. (2010). What’s My Style? The Influence ofTop Managers on Voluntary Corporate Financial Disclosure. The Accounting Review, 85(4), 1131–1162. doi: 10.2308/accr.2010.85.4.1131Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction insocial psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173–1182.Belghitar, Y., & Clark, E. A. (2012). The Effect of CEO Risk Appetite on FirmVolatility: An Empirical Analysis of Financial Firms. International Journal of the Economics of Business, 19(2), 195–211. doi: 10.1080/13571516.2012.642640Chan, K. C., Lee, P., & Seow, G. S. (2008). Why did management and auditors fail toidentify ineffective internal controls in their initial SOX 404 reviews? Review of Accounting and Finance, 7(4), 338–354. doi: 10.1108/14757700810920757Cullinan, C. P., & Roush, P. B. (2011). Has the likelihood of appointing a CEO withan accounting/finance background changed in the post-Sarbanes Oxley era? Research in Accounting Regulation, 23(1), 71–77. doi: 10.1016/j.racreg.2011.03.005Custódio, C., & Metzger, D. (2014). Financial expert CEOs: CEO׳s work experienceand firm׳s financial policies. Journal of Financial Economics, 114(1), 125–154. doi: 10.1016/j.jfineco.2014.06.002Doyle, J., Ge, W., & Mcvay, S. (2007). Determinants of weaknesses in internal controlover financial reporting. Journal of Accounting and Economics, 44(1-2), 193–223. doi: 10.1016/j.jacceco.2006.10.003Durfee D. (2005). Why More Companies Are Tapping Their Finance Chief for CEO,CFO Magazine,Ge, W., & Mcvay, S. (2005). The Disclosure of Material Weaknesses in InternalControl after the Sarbanes-Oxley Act. Accounting Horizons, 19(3), 137–158. doi: 10.2308/acch.2005.19.3.137Graham, J. R., Harvey, C. R., & Puri, M. (2013). Managerial attitudes and corporateactions. Journal of Financial Economics, 109(1), 103–121. doi: 10.1016/j.jfineco.2013.01.010Hambrick, D. C. (2007). Upper echelons theory: An update. The Academy ofManagement Review, 32(2), 334–343Hambrick, D. C. & Mason(1984), “Upper Echelons: The Organization as Reflectionof Its Top Managers”, Academy of Management Review, pp. 193-206Hillman, A. J., & Dalziel, T. (2003). Boards of Directors and Firm Performance:Integrating Agency and Resource Dependence Perspectives. The Academy of Management Review, 28(3), 383. doi: 10.2307/30040728Jensen, M., & Zajac, E. J. (2004). Corporate elites and corporate strategy: Howdemographic preferences and structural position shape the scope of the firm. Strategic Management Journal, 25(6), 507-524.https://doi.org/10.1002/smj.393Krishnan, J. (2005). Audit Committee Quality and Internal Control: An EmpiricalAnalysis. The Accounting Review, 80(2), 649–675. doi: 10.2308/accr.2005.80.2.649Matsunaga, S. R., & Yeung, E. (2008). Evidence on the Impact of a CEOs FinancialExperience on the Quality of the Firms Financial Reports and Disclosures. SSRN Electronic Journal. doi: 10.2139/ssrn.1014097Michel, J. G., & Hambrick, D. C. (1992). Diversification Posture and TopManagement Team Characteristics. Academy of Management Journal, 35(1), 9–37. doi: 10.5465/256471 zh_TW dc.identifier.doi (DOI) 10.6814/NCCU202001002 en_US
