| dc.contributor.advisor | 戚務君 | zh_TW |
| dc.contributor.author (作者) | 陳奕卉 | zh_TW |
| dc.creator (作者) | 陳奕卉 | zh_TW |
| dc.date (日期) | 2004 | en_US |
| dc.date.accessioned | 2009-09-18 | - |
| dc.date.available | 2009-09-18 | - |
| dc.date.issued (上傳時間) | 2009-09-18 | - |
| dc.identifier (其他 識別碼) | G0091353002 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/34203 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 會計研究所 | zh_TW |
| dc.description (描述) | 91353002 | zh_TW |
| dc.description (描述) | 93 | zh_TW |
| dc.description.abstract (摘要) | 本文利用我國上市、上櫃公司的資料探討跨國性製造公司之財務報表所報導之外幣換算調整數（foreign translation adjustment）是否具備價值攸關性（value relevance）。具體而言，本研究利用股票報酬法（return study）與股票價格法（price study）檢視換算調整數資訊的價值攸關性。實證結果發現，整體而言外幣換算調整數對投資人是具有價值攸關性的，並與公司價值呈顯著負相關，即財務報表上所報導正（負）的外幣換算調整數與公司價值減損（增加）有關；另外，本研究為驗証勞動成本對「換算調整數」評價價值的影響，在進一步將樣本公司依勞動成本中位數分成高勞力密集公司與低勞力密集公司並作測試後發現，這種負向關係在高勞力密集公司方達顯著相關水準，且在其他條件不變下，高勞力密集公司之公司價值對於換算調整數的反應大於低勞力密集公司之公司價值對於換算調整數的反應，顯示勞動成本在外幣換算調整數與公司價值負相關中的確扮演重要的角色。 | zh_TW |
| dc.description.abstract (摘要) | This thesis use return study and price study to examine whether foreign translation adjustment reported on financial statement in the multinational manufacturing firm is value relevant. The empirical results show that, for firms in the manufacturing sector, a positive foreign translation adjustment is associated with a loss of value instead of a creation of value. We also find that the negative association between the foreign translation adjustment and change in value is largely attributable to those firms that are the most labor-intensive. And in the same condition, the reaction of the foreign translation adjustment to change in high-labor-intensive firms value is high than change in low-labor-intensive firms value. | en_US |
| dc.description.tableofcontents | 目 錄第一章 緒論第一節 研究動機及目的…………………………………………………........1第二節 研究問題…………………………………………………....................4第三節 研究流程…………………………………………………....................6第二章 文獻探討第一節 會計資訊價值攸關性探討……………………………………………7第二節 綜合淨利觀念的發展…………………………..……………………13第三節 匯率變動的會計處理………………………………………………..16第四節 匯率變動的經濟效果………………………………………………..18第五節 國外探討外匯風險與公司價值之相關文獻………………………..19第三章 研究假說、變數定義與迴歸模型第一節 研究假說……………………………………………………………..23第二節 實證變數定義………………………………………………………..25第三節 資料來源與處理……………………………………………………..28第四節 迴歸模型……………………………………………………………..31第四章 實證結果與分析 第一節 敍述統計分析…………………………………………………………36 第二節 實證結果分析…………………………………………………………45 第三節 敏感性分析……………………………………...………….…………51第四節 台幣兌美元匯率變動之影響………..............………………………..55第五章 結論與建議 第一節 研究結論………………………………………………………………61 第二節 研究限制………………………………………………………………62 第三節 研究建議………………………………………………………………63參考文獻………………………………………………………….………………..64表 目 錄【表3-1】股票報酬模型觀察值篩選表…………………………………………... 30【表3-2】股票價格模型觀察值篩選表…………………………………….…….. 30【表4-1】各變數的敘述性統計量—股票報酬模型………………………………38【表4-2】各變數的敘述性統計量—股票價格模型………………………………40【表4-3】股票報酬模型下各變數之相關係數矩陣……………………………….42【表4-4】股票價格模型下各變數之相關係數矩陣……………………………….44【表4-5】模型一、三（股票報酬模型）之迴歸檢定結果………………………49【表4-6】模型二、四（股票價格模型）之迴歸檢定結果………………….……50【表4-7】模型一、三（股票報酬模型）之迴歸檢定結果∼敏感性分析……....53【表4-8】模型二、四（股票報酬模型）之迴歸檢定結果∼敏感性分析……....54【表4-9】民國78年－92年台幣對美元成交之平均收盤匯率…………………..55【表4-10】以台幣對美元1:30為分割點之股票報酬模型實證結果（1989年-1997年）…………………………………………………………….……….57【表4-11】以台幣對美元1:30為分割點之股票報酬模型實證結果（1998年-2003年）……………………………………………………………………..58【表4-12】以台幣對美元1:30為分割點之股票價格模型實證結果（1989年-1997年）……………………………………………………………………..59【表4-13】以台幣對美元1:30為分割點之股票價格模型實證結果（1998年-2003年）……………………………………………………………………..60 | zh_TW |
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| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0091353002 | en_US |
| dc.subject (關鍵詞) | 外幣換算調整數 | zh_TW |
| dc.subject (關鍵詞) | 價值攸關性 | zh_TW |
| dc.subject (關鍵詞) | Foreign translation adjustment | en_US |
| dc.subject (關鍵詞) | Value relevant | en_US |
| dc.title (題名) | 外幣換算調整數價值攸關性之研究 | zh_TW |
| dc.type (資料類型) | thesis | en |
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