| dc.contributor.advisor | 許崇源 | zh_TW |
| dc.contributor.author (作者) | 黃柏庭 | zh_TW |
| dc.creator (作者) | 黃柏庭 | zh_TW |
| dc.date (日期) | 2006 | en_US |
| dc.date.accessioned | 18-九月-2009 09:07:24 (UTC+8) | - |
| dc.date.available | 18-九月-2009 09:07:24 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-九月-2009 09:07:24 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0094353049 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/34247 | - |
| 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) | 94353049 | zh_TW |
| dc.description (描述) | 95 | zh_TW |
| dc.description.abstract (摘要) | 管理當局與利害關係人(stakeholders)之間，透過會計資訊的提供，可降低代理問題及資訊不對稱。惟會計資訊的提供，依管理當局介入的程度不同，會有層次上的差別。本文即從層次開始，界定了盈餘管理(Earnings Management)與盈餘操縱(Earnings Manipulation)的不同，而透過營運政策中的營業活動(operational activities)來影響盈餘的方式地處兩者之間的灰色地帶，目前至今尚少討論。Roychowdhury(2006)則以美國市場為對象，首開先例發展了如何偵測公司透過營業活動的實質盈餘管理行為。本文同樣選定避免報導損失為盈餘門檻，考量台灣市場的特性後，偵測台灣企業是否有真實營業活動的盈餘管行為。實證結果顯示，無論是透過銷貨操縱、降低裁決性支出還是過量生產以降低銷貨成本的實質交易操作，都得到顯著地支持。進一步分析那些特性的企業，較容易透過真實營業相關的活動來從事盈餘管理行為時發現，債務契約壓力高、成長性機會高及利害關係人緊密度高者符合預期，而製造業性質則與預期相反，盈餘管理彈性則未得到支持。另外在機構投資人持股方面，則發現高機構投資人持股可降低過量生產實質交易操作的可能，但未能有效防止降低裁決性支出的操作。 | zh_TW |
| dc.description.abstract (摘要) | Through providing accounting information for stakeholders , management could somewhat reduce agency problem and information asymmetry.But accounting information quality could be different depending on how management intervene in . This article begins from distinguishing between Earnings Management and Earnings Manipulation.To intervene in business policy through real operational activities is not only one way that is hard to categorize in Earnings Management or Earnings Manipulation but also receives little attention to date. Roychowdhury(2006), taking American market as observation values,was the first one who developed how to detect real operational activities earnings management.Following Roychowdhury(2006),I define avoiding reporting loss as earnings threshold to detect whether real operational activities earnings management exists in Taiwan business.There is obvious evidence suggesting sales manipulation、reduction of discretionary expenditures and overproduction to report lower cost of goods sold to improve reported margins.To go a step further,I test observation values of what characters are inclined to manipulate earnings through real operational activities.I find supporting evidence in observation values with higher debt stress、higher growth opportunity、higher connection with stakeholders and samples on non manufacturing industry.But I find no evidence in observation values with higer earnings management elasticity.In addition,I find observation values with higher instutional holding shares could abate the possibilities of overproduction to report lower cost of goods sold,but fail to avoid the manipulation of reduction of discretionary expenditures. | en_US |
| dc.description.tableofcontents | 第壹章 緒論 1第一節 研究動機及目的 1第二節 研究問題 6第三節 研究架構 6第貳章 文獻探討 8第一節 盈餘管理的起源、動機及常見之盈餘管理行為 8第二節 實質盈餘管理的定義及相關文獻探討 9第三節 跨越盈餘門檻 12第參章 研究方法 19第一節 研究假說 19第二節 可疑觀察值的選取 26第三節 實證模型與變數衡量方法 29第四節 資料來源、處理與研究期間 36第肆章 實證結果 38第一節 敘述統計分析 38第二節 相關分析 40第三節 假說檢定 44第四節 敏感性分析及殘差分析 54第伍章 結論與建議 61第一節 研究結論 61第二節 研究限制與後續研究建議 63附錄 64參考文獻 68 | zh_TW |
| dc.format.extent | 290574 bytes | - |
| dc.format.extent | 277547 bytes | - |
| dc.format.extent | 282726 bytes | - |
| dc.format.extent | 333720 bytes | - |
| dc.format.extent | 381850 bytes | - |
| dc.format.extent | 643263 bytes | - |
| dc.format.extent | 636774 bytes | - |
| dc.format.extent | 1595076 bytes | - |
| dc.format.extent | 292748 bytes | - |
| dc.format.extent | 479400 bytes | - |
| dc.format.extent | 459651 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0094353049 | en_US |
| dc.subject (關鍵詞) | 盈餘管理 | zh_TW |
| dc.subject (關鍵詞) | 盈餘操縱 | zh_TW |
| dc.subject (關鍵詞) | 盈餘門檻 | zh_TW |
| dc.subject (關鍵詞) | 實質交易操作 | zh_TW |
| dc.subject (關鍵詞) | Earnings Management | en_US |
| dc.subject (關鍵詞) | Earnings Manipulation | en_US |
| dc.subject (關鍵詞) | Earnings threshold | en_US |
| dc.subject (關鍵詞) | real activities manipulation | en_US |
| dc.title (題名) | 真實營業活動相關之盈餘管理研究 | zh_TW |
| dc.title (題名) | Research on Earnings Management through Real Operational Activities Manipulation | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | 一、中文參考文獻 | zh_TW |
| dc.relation.reference (參考文獻) | 干勝道, 鐘朝宏與田艷，2006，微利上市公司盈餘管理實證研究，財經論叢，第127期(11月)：59-64 | zh_TW |
| dc.relation.reference (參考文獻) | 王蘭芬，2005，經理人是否會給予寬鬆的信用政策以避免報導損失，國立臺灣大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 鄭丁旺,汪泱若與張錫惠，2001，成本與管理會計，台北，自行出版。 | zh_TW |
| dc.relation.reference (參考文獻) | 林君怡，2002，門檻心理下之盈餘管理，國立臺灣大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 林澤聰，2004，初次申請上市櫃公司盈餘管理與股價績效之實證研究，私立輔仁大學金融研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 林陣蒼，2004，公司是否利用處分資產規避報導虧損，國立臺灣大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 何佩錚，2003，公司避險政策與盈餘管理關聯性之研究，國立交通大學經營管理研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 沈中華與池祥麟，2003，從投資人保護觀點與展望理論探討各國銀行業盈餘管理之現象與動機，財務金融特刊(TSSCI)31(3)：407-458。 | zh_TW |
| dc.relation.reference (參考文獻) | 施明志，2002，季盈餘管理行為與門檻心理之探討，國立臺灣大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 高蘭芬，2001，董監事股權質押之代理問題對會計資訊與公司績效之影響，國立成功大學會計研究所博士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 陳貞臻，2000，台灣上市公司現金增資與盈餘管理行為相關性之實證研究，私立中原大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 陳玉婷，2005，盈餘門檻、盈餘管理工具與行為之關連性，國防管理學院國防財務資源研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 呂麒麟與向少華，2005，台股機構投資人對經理人盈餘管理影響之研究，朝陽商管評論 4(1)：1-21 | zh_TW |
| dc.relation.reference (參考文獻) | 康榮寶等，1994，以現金流量表透視損益操縱，會計研究月刊，第110期(11月)：120-125 | zh_TW |
| dc.relation.reference (參考文獻) | 康榮寶，2001，深入中國股市，台北：天下遠見出版。 | zh_TW |
| dc.relation.reference (參考文獻) | 經濟日報，2007.4.5，一波未平，協力廠恐要求現金購料，(A3版) | zh_TW |
| dc.relation.reference (參考文獻) | 孫建華，2000，現金增資與盈餘管理關係再研究，國立政治大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 董秋梅，2000，機構投資人對企業R&D活動之影響，國立交通大學經營管理研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 蔡美娟，2004，股價回升公司盈餘管理之研究─以低於面額上市公司為例，私立中原大學會計研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 蔡天甲，2003， 申請上櫃公司之盈餘管理行為與掛牌後營運績效表現之研究，私立銘傳大學財務金融學系在職專班碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 謝怡昇，2000，上市公司現金增資與盈餘行為之研究，國立中正大學財務金融研究所碩士論文 | zh_TW |
| dc.relation.reference (參考文獻) | 謝宛庭，2007，台灣財務危機公司之預測與其盈餘管理行為，國立成功大學會計研究所博士論文 | zh_TW |
| dc.relation.reference (參考文獻) | | zh_TW |
| dc.relation.reference (參考文獻) | 二、英文參考文獻 | zh_TW |
| dc.relation.reference (參考文獻) | Baber,W.R.,P.M.,Fairfield,and J.A.,Haggard,1991.The effect of concern about reported income on discretionary spending decisions：the case of research and development, The Accounting Review 66：818-829 | zh_TW |
| dc.relation.reference (參考文獻) | Barton,J, and P., Simko.2002 The balance sheet as an earnings management constraint The Accounting Review 77：1-27 | zh_TW |
| dc.relation.reference (參考文獻) | Barton,J. 2001. Does the use of financial derivatives affect earnings management decisions？Accounting Review 76(1)：1-26 | zh_TW |
| dc.relation.reference (參考文獻) | Bartov, E., 1993. The timing of asset sales and earnings manipulation.The Accounting Review 68：840–855. | zh_TW |
| dc.relation.reference (參考文獻) | Beaver, W.H., M.F., McNichols and K.K.,Nelson, 2004. An alternative interpretation of the discontinuity in earnings distributions. Working paper.Stanford University and Rice University | zh_TW |
| dc.relation.reference (參考文獻) | Bens, D.,V., Nagar, and M.H. Franco Wong. 2002. Real investment implications of employee stock option exercises. Journal of Accounting Research 40：359-393 | zh_TW |
| dc.relation.reference (參考文獻) | Bruns,W.,and K.,Merchant. 1990. The dangerous morality of managing earnings.Management Accounting 72：22-25 | zh_TW |
| dc.relation.reference (參考文獻) | Burgstahler,D., and I. Dichev. 1997. Earnings management to avoid earnings decreases and losses.Journal of Accounting and Economics 24(1)：99-126 | zh_TW |
| dc.relation.reference (參考文獻) | Bushee, B., 1998. The influence of institutional investors on myopic R&D investment behavior. Accounting Review 73：305–333. | zh_TW |
| dc.relation.reference (參考文獻) | Chung,K.H.,P.Wright,and C.Charoenwong. 1998. Investment opportunities and market reaction to capital and expenditure decisions. Journal of Banking and Finance 22：41-60 | zh_TW |
| dc.relation.reference (參考文獻) | Core, J.E.and W.R.Guay, 2001. Stock option plans for non-executive employees. Journal of Financial Economics 61：253-287 | zh_TW |
| dc.relation.reference (參考文獻) | Davidson, D.,C., Stickney and R.Weil. 1987 .Accounting：The language of Business. New Jersey: Prentice-Hall. | zh_TW |
| dc.relation.reference (參考文獻) | Dechow,P.M.,and D.J.Skinner. 2000. Earnings Management：reconciling the views of accounting academics,practitioners and regulators.Accounting Horizons 14：235-250 | zh_TW |
| dc.relation.reference (參考文獻) | Dechow ,P.M.,and R. Sloan, 1991. Executive incentives and the horizon problem：an empirical investigation. Journal of Accounting and Economics 14：51-89 | zh_TW |
| dc.relation.reference (參考文獻) | Dechow, P.M., R., Sloan, and A., Sweeney, 1995. Detecting earnings management. The Accounting Review 70：193–225. | zh_TW |
| dc.relation.reference (參考文獻) | Dechow, P.M., R., Sloan, and, A., Sweeney,1996. Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research 13：1–36. | zh_TW |
| dc.relation.reference (參考文獻) | Dechow, P.M., S.P., Kothari,and R.L., Watts,1998. The relation between earnings and cash flows. Journal of Accounting and Economics 25：133–168. | zh_TW |
| dc.relation.reference (參考文獻) | Dechow, P.M., S.A., Richardson and I.,Tuna, 2003. Why are earnings kinky? Review of Accounting Studies 8：355–384. | zh_TW |
| dc.relation.reference (參考文獻) | DeAngelo, H., and L. DeAngelo.1990. Dividend policy and financial distress：An empirical investigation of troubled NYSE firms. Journal of Finance 45 (December)：1415-1431 | zh_TW |
| dc.relation.reference (參考文獻) | DeFond, M.L., and J., Jiambalvo,1994. Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics 17：145–176. | zh_TW |
| dc.relation.reference (參考文獻) | DeAngelo, H., L. DeAngelo,and D. Skinner. 1994. Accounting choice in troubled companies.Journal of Accounting and Economics 17(January)：113-143 | zh_TW |
| dc.relation.reference (參考文獻) | Degeorge, F., J., Patel, and R.,Zeckhauser, 1999. Earnings management to exceed thresholds. Journal of Business 72：1–33. | zh_TW |
| dc.relation.reference (參考文獻) | Dichev, I., and D.J., Skinner, 2002. Large-sample evidence on the debt covenant hypothesis. Journal of Accounting Research 40：1091–1123. | zh_TW |
| dc.relation.reference (參考文獻) | Durtschi, C., P., Easton, 2005. Earnings management? The shapes of the frequency distributions of earnings metrics are not evidence ipso facto. Journal of Accounting Research 43：521–556. | zh_TW |
| dc.relation.reference (參考文獻) | Fama, E., and J.D., MacBeth 1973. Risk, return and equilibrium: empirical tests. Journal of Political Economy 81：607–636. | zh_TW |
| dc.relation.reference (參考文獻) | Fields, T., T. Lys and L. Vincent. 2001. Empirical research on accounting choice. Journal of Accounting and Economics 31：255-307 | zh_TW |
| dc.relation.reference (參考文獻) | Fudenberg,D.,Tirole,J.,1995.A theory of income and dividend smoothing based on incumbency rents.Journal of Political Economy 103：75-93 | zh_TW |
| dc.relation.reference (參考文獻) | Graham, J.R., C.R.Harvey and S.,Rajgopal. 2005. The economic implications of corporate financial reporting.Journal of Accounting and Economics 40：3-73 | zh_TW |
| dc.relation.reference (參考文獻) | Hayn, C., 1995. The information content of losses. Journal of Accounting and Economics 20：125–153. | zh_TW |
| dc.relation.reference (參考文獻) | Healy,P. and K. Palepu. 1990. Effectiveness of accounting-based dividend covenants.Journal of Accounting and Economics 12(1-3)：97-124 | zh_TW |
| dc.relation.reference (參考文獻) | Healy, P.M.,Wahlen, J.M.,1999.A review of the earnings management literature and its implications for standard setting：Accounting Horizons 13：365-383 | zh_TW |
| dc.relation.reference (參考文獻) | Jackson, S., and W. Wilcox. 2000. Do managers grant sales price reductions to avoid losses and declines in earnings and sales? Quarterly Journal of Business and Economics 39 (4)：3-20. | zh_TW |
| dc.relation.reference (參考文獻) | Jones,D.,and K.Takao.1993.The scope,nature,and effects of employee stock ownership plans in Japan.Industrial and Labor Relations Review 46：352-367 | zh_TW |
| dc.relation.reference (參考文獻) | Matsunaga, S. R., and C. W. Park. 2001. The effect of missing a quarterly earnings benchmark on the CEO’s annual bonus. Working Paper, Lundquist College of Business, University of Oregon, and Hong Kong University of Science and Technology. | zh_TW |
| dc.relation.reference (參考文獻) | Murphy, K. J., and J. L. Zimmerman, 1993. Financial Performance Surrounding CEO Turnover. Journal of Accounting and Economics, 16：273-315 | zh_TW |
| dc.relation.reference (參考文獻) | Penman,S.and X. Zhang. 2002. Accounting conservatism, the quality of earnings,and stock returns. Accounting Review 77(2)：237-264 | zh_TW |
| dc.relation.reference (參考文獻) | Pincus,M. and S. Rajgopal. 2002. The interaction between accrual management and hedging：evidence from oil and gas firms. Accounting Review 77(1)：127-160 | zh_TW |
| dc.relation.reference (參考文獻) | Rajgopal, S., M., Venkatachalam, and J., Jiambalvo,1999. Is institutional ownership associated with earnings management and the extent to which stock prices reflect future earnings? Working paper. University of Washington and Duke University | zh_TW |
| dc.relation.reference (參考文獻) | Roychowdhury, S. 2004. Management of earnings through the manipulation of real activities that affect cash flow from operations. Working paper, Massachusetts Institute of Technology | zh_TW |
| dc.relation.reference (參考文獻) | Roychowdhury S. 2006. Earnings management through real activities manipulation. Journal of Accounting and Economics.42：335-370 | zh_TW |
| dc.relation.reference (參考文獻) | Thomas, J.K., H., Zhang, 2002. Inventory changes and future returns. Review of Accounting Studies 7：163–187. | zh_TW |
| dc.relation.reference (參考文獻) | Tung,S.,L.Fen.,L.C.Chang,and A.Hsu. 2007. The use of extended credit(channel stuffing)to avoid reporting losses. 18th Asia-Pacific Conference on international accounting issues. | zh_TW |
| dc.relation.reference (參考文獻) | Schipper,K. 1989 Comentary on earnings management. Accounting Horizons 3(4)：91-102 | zh_TW |
| dc.relation.reference (參考文獻) | Scott,W.R. 1997 Financial Accounting Theory.New Jersey: Prentice-Hall. | zh_TW |
| dc.relation.reference (參考文獻) | Skinner, D.J., and R.G., Sloan, 2002. Earnings surprises, growth expectations and stock returns or don’t let an earnings torpedo sink your portfolio. Review of Accounting Studies 7：289–312. | zh_TW |
| dc.relation.reference (參考文獻) | Smith,C.,and R.Watts.1992 The investment opportunity set and corporate financing dividend and compensation policies. Journal of Financial Economics 32：263-292 | zh_TW |
| dc.relation.reference (參考文獻) | Thomas,J. and H. Zhang. 2002. Inventory changes and future returns Review of Accounting Studies 7(2-3)：163-187 | zh_TW |
| dc.relation.reference (參考文獻) | Watts,R.L.,and J.L. Zimmerman. 1978. Towards a positive theory of the determination of accounting standards.The Accounting Review 53(1)：112-134 | zh_TW |
| dc.relation.reference (參考文獻) | Watts,R.L.,and J.L. Zimmerman. 1990. Possitive Accounting Theory：A Ten Year Perspective , The Accounting Review 65 (1)：131-156 | zh_TW |
