| dc.contributor.advisor | 陳錦烽 | zh_TW |
| dc.contributor.author (Authors) | 盧佩玉 | zh_TW |
| dc.contributor.author (Authors) | Lu, Pei Yu | en_US |
| dc.creator (作者) | 盧佩玉 | zh_TW |
| dc.creator (作者) | Lu, Pei Yu | en_US |
| dc.date (日期) | 2009 | en_US |
| dc.date.accessioned | 8-Dec-2010 01:52:56 (UTC+8) | - |
| dc.date.available | 8-Dec-2010 01:52:56 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Dec-2010 01:52:56 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0097353017 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/48902 | - |
| 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) | 97353017 | zh_TW |
| dc.description (描述) | 98 | zh_TW |
| dc.description.abstract (摘要) | 本研究主要採用Francis et al.（2005）所提出之應計品質衡量模型作為應計品質的衡量指標，以2003-2007國內上市櫃公司為研究對象，探討應計品質與公司現金持有間之關聯性。本研究另將應計品質拆為裁量性應計品質與非裁量性應計品質，分別探討其對公司現金持有之影響。 本研究實證結果顯示，應計品質與公司現金持有率呈顯著負相關。亦即公司應計品質越高，越能有效降低公司及投資者之間的資訊不對稱，進而使公司籌資成本降低，而可持有較少的現金。此外，裁量性應計品質、非裁量性應計品質與公司現金持有率之間均呈顯著負相關，且非裁量性應計品質對公司現金持有率之影響大於裁量性應計品質。 根據上述結果，本研究建議管理階層應重視公司之應計品質，並利用裁量性應計項目來提升盈餘數字的品質，以作為公司績效的適當指標。亦即管理階層應使盈餘數字更能可靠、更即時的反映公司的經營績效，並避免以投機目的使用裁量性應計項目。換言之，公司可藉由應計品質之提升，降低資訊不對稱的程度，進而改善公司的現金管理、減少資源閒置及增進投資的效果。 | zh_TW |
| dc.description.abstract (摘要) | This study mainly uses the accruals quality measurement model proposed by Francis et al. (2005) to empirically examine the effect of accruals quality on cash holdings of the sampled listed companies at the Taiwan Stock Exchange (TSE) and the Gre Tai Securities Market (GTSM) from 2003 to 2007. This study also distinguishes between accruals quality driven by economic fundamentals (Innate AQ) versus management choices (discretionary AQ) and assesses their individual effects on corporate cash holdings.The empirical results show that accruals quality is negatively associated with cash holdings. That is, the firms with good accruals quality may reduce the negative effect of information asymmetry and adverse selection and, therefore, reduce their level of cash holdings as a result of lower cost of raising capital. In addition, discretionary accruals quality and innate accruals quality are significantly negatively related to cash holdings, and, on average, the innate component of accruals quality has a significantly larger effect on cash holdings than the discretionary component of accruals quality. Our findings suggest that management should be concerned about accruals quality because a higher accruals quality may help firms to improve their cash management, reduce unproductive cash levels, and increase their investment effectiveness. | en_US |
| dc.description.tableofcontents | 第一章 緒論 1第一節 研究動機與目的 1第二節 研究問題 3第三節 論文架構與研究流程 4第二章 文獻探討 5第一節 現金持有之相關理論 5第二節 國內外影響現金持有量因素之相關文獻 12第三節 應計品質之衡量模型 18第四節 裁量性應計項目之評價 26第三章 研究方法 29第一節 研究假說 29第二節 變數定義與衡量 32第三節 實證模型 40第四節 資料來源與樣本選擇 43第四章 實證結果與分析 45第一節 敘述性統計分析 45第二節 相關係數分析 52第三節 應計品質與公司現金持有率之關聯性之實證研究結果 55第四節 敏感性分析 61第五章 結論與建議 74第一節 研究結論 74第二節 研究限制 76第三節 未來研究建議 77參考文獻 78 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0097353017 | en_US |
| dc.subject (關鍵詞) | 現金持有 | zh_TW |
| dc.subject (關鍵詞) | 應計品質 | zh_TW |
| dc.subject (關鍵詞) | 裁量性應計品質 | zh_TW |
| dc.subject (關鍵詞) | 資訊不對稱 | zh_TW |
| dc.subject (關鍵詞) | Cash holdings | en_US |
| dc.subject (關鍵詞) | Accruals quality | en_US |
| dc.subject (關鍵詞) | Discretionary accruals quality | en_US |
| dc.subject (關鍵詞) | Information asymmetry | en_US |
| dc.title (題名) | 應計項目品質與公司現金持有之關聯性研究 | zh_TW |
| dc.title (題名) | Accruals quality and corporate cash holdings: an empirical study of Taiwan listed companies | en_US |
| dc.type (資料類型) | thesis | en |
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