| dc.contributor.advisor | 胡聯國 | zh_TW |
| dc.contributor.advisor | Hu,Lien-Kuo | en_US |
| dc.contributor.author (作者) | 賴彥彰 | zh_TW |
| dc.contributor.author (作者) | Lai,Yen-Chang | en_US |
| dc.creator (作者) | 賴彥彰 | zh_TW |
| dc.creator (作者) | Lai,Yen-Chang | en_US |
| dc.date (日期) | 2005 | en_US |
| dc.date.accessioned | 11-九月-2009 17:11:59 (UTC+8) | - |
| dc.date.available | 11-九月-2009 17:11:59 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-九月-2009 17:11:59 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0923510301 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/30084 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 國際經營與貿易研究所 | zh_TW |
| dc.description (描述) | 92351030 | zh_TW |
| dc.description (描述) | 94 | zh_TW |
| dc.description.abstract (摘要) | This paper investigates the impact of accruals and cash flow components of earnings on the stock prices and whether the stock prices fully reflect information about future earnings contained in the accrual and cash flow components of current earnings. This is an interesting issue of narrow framing, an application of behavioral finance. We mainly follow Sloan (1996)’s methodology but adjust hypothesis settings to fit the real situation of stock market in Taiwan. We find that high earnings performance that is attributable to cash flow components is more likely to be sustained than high earnings performance that is attributable to accrual components. | zh_TW |
| dc.description.abstract (摘要) | This paper investigates the impact of accruals and cash flow components of earnings on the stock prices and whether the stock prices fully reflect information about future earnings contained in the accrual and cash flow components of current earnings. This is an interesting issue of narrow framing, an application of behavioral finance. We mainly follow Sloan (1996)’s methodology but adjust hypothesis settings to fit the real situation of stock market in Taiwan. We find that high earnings performance that is attributable to cash flow components is more likely to be sustained than high earnings performance that is attributable to accrual components. | en_US |
| dc.description.tableofcontents | Contents Abstract 2 1. Introduction 1.1 Biases of Judgment 6 1.2 Errors of Preference 8 2. Literature Review 14 3. Development of Hypotheses 15 4. Data Collection and Variable Measurement 18 5. Empirical Results 5.1 Summary Statistics 21 5.2 Test of H1 23 5.3 Test of H2 27 5.4 Do Stocks with Relative High Proportion of Cash Flows Outperform Those with Relative High Accruals? 30 6. Conclusions 32 7. Recommendation 34 8. Reference 35 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0923510301 | en_US |
| dc.subject (關鍵詞) | 盈餘 | zh_TW |
| dc.subject (關鍵詞) | 應計基礎 | zh_TW |
| dc.subject (關鍵詞) | 現金流量 | zh_TW |
| dc.subject (關鍵詞) | 股價 | zh_TW |
| dc.subject (關鍵詞) | Earnings | en_US |
| dc.subject (關鍵詞) | Cash flow | en_US |
| dc.subject (關鍵詞) | Accruals | en_US |
| dc.subject (關鍵詞) | Stock price | en_US |
| dc.title (題名) | 盈餘中應計成份與現金流量成份對股價之影響 | zh_TW |
| dc.title (題名) | The impact of accruals and cash flow components of earnings on the stock price | en_US |
| dc.type (資料類型) | thesis | en |
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| dc.relation.reference (參考文獻) | Brown, Robert M., David Burgstahler, and Lane A. Daley. 1987. “The incremental information content of accruals versus cash flows.” Accounting Review 61:723-747 | zh_TW |
| dc.relation.reference (參考文獻) | Bernald, Victor L., and Jacob K. Thomas. 1990. “Evidence that stock prices do not fully reflect the implications of current earnings for future earnings.” Journal of Accounting and Economics 13: 305-340 | zh_TW |
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| dc.relation.reference (參考文獻) | Dechow, P. 1994. “Accounting earnings and cash flows as measures of firm performance: The role of accruals.” Journal of Accounting and Economics 18 (July): 3-42 | zh_TW |
| dc.relation.reference (參考文獻) | Drtina, R., J. Largay 1985. “Pitfalls in calculating cash flows from operations.” The Accounting Review 60 (April): 314-326 | zh_TW |
| dc.relation.reference (參考文獻) | Freeman, R., J. Ohlson, and S. Penman. 1982. “Book rate-of-return and prediction of earnings changes: An empirical investigation.” Journal of Accounting Research 20 (Autumn):3-42 | zh_TW |
| dc.relation.reference (參考文獻) | Kieso, D., and J. Weygandt. 1995. Intermediate Accounting. 8th ed. New York, NY: John Wiley & Sons. | zh_TW |
| dc.relation.reference (參考文獻) | Mishkin, F., 1983. “A rational expectations approach to macroeconometrics: Testing Policy Effectiveness and Efficient Markets Models.” Chicago IL: University of Chicago Press for the National Bureau of Economic Research | zh_TW |
| dc.relation.reference (參考文獻) | Stickney, C. 1993. Financial Statement Analysis: A Strategic Perspective. 2nd ed. Fort Worth, TX: The Dryden Press | zh_TW |
