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題名 我國監察人內部化之決定因素及其影響
The determinants of the internalization of supervisors and its impacts
作者 鄧皓天
貢獻者 林宛瑩
鄧皓天
關鍵詞 內部監察人
經營績效
盈餘品質
財務報導強制重編
The internalization of supervisors
Firm performance
Earnings quality
Restatement of financial reports
日期 2012
上傳時間 2-九月-2013 15:29:20 (UTC+8)
摘要 本研究針對2007年至2011年的非金融產業之上市櫃公司，分析股權結構、公司特性是否為公司內部監察人設置比率及是否設置外部監察人之影響因素，並進一步探討公司監察人內部化比率與外部監察人之存在對公司之經營績效、盈餘品質及財務報導強制重編次數的影響。
實證結果顯示，若公司型態為電子公司、家族企業或集團企業、公司之企業規模、內部人持股比率越大，則該公司內部監察人席次比率越高，且不傾向設置外部監察人。而就公司監察人內部化對公司之經營績效及財務報導品質的影響，實證結果顯示，監察人內部化比率越高之公司，其公司經營績效越差，且被要求強制重編財務報表的次數也較多。但只要存在一位外部監察人，即有助於改善公司之經營績效並降低公司被要求強制重編財務報表的可能性。惟本研究並未發現監察人內部化比率或外部監察人之存在與公司盈餘品質間存在顯著關係。
整體而言，本研究之實證結果顯示公司監察人內部化將使法制上監察人制度所應有之公司治理機能無法發揮，無法提升公司經營績效及財務報導品質。故為讓公司監察人能發揮其制度上應有之功能，公司之監察人，宜由外部人擔任。
Based on a sample of listed non-financial companies over the period of 2007 to 2011 in Taiwan, this study first investigates the impact of ownership structure and firm characteristics on the internalization of supervisors. A step further, this study examines the effect of internalization of supervisors on firm performance, earnings quality and the frequency of restatement of financial reports.
The empirical evidence shows that firms operate in electronic industries, or belong to business groups or owned by families, or with greater shares held by insiders or with larger firm size, are significantly and positively (negatively) associated with the internalization of supervisors (the presence of outside supervisors). The study also finds that firms with higher degree of internalization of supervisors are associated with poorer performance and higher frequency of restating their financial reports. On contrary, we find that firms with at least one outside supervisor are associated with better performance and lower frequency of restating financial reports. However, this study fails to report any association between the internalization of supervisors (or the presence of outside supervisors) and earnings quality measured by accruals.
Based on the findings, this study therefore suggests that firms should appoint outsiders to be supervisors in order to better serve the function of the institution of supervisors.
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吳曉暉，姜彥福，2006，機構投資者影響下獨立董事治理效率變化研究，中國工業經濟，2006年5月號：105-111。
李建然、廖義興，2003，董事會結構特徵與盈餘管理—台灣家族控制企業因素之影響，中華會計教育學刊，第5卷第1期：1-27。
邱秀清、鄭鈞介，2008，董監事會及審計品質與財務報導重編，國立空中大學商學學報，第16期：67-86。
邱毅、張訓華，1991，股權結構、董事會組成與企業財務績效，台北市銀行月刊，第22卷第5期：11-32。
洪世馨，2003，設立外部董事與企業經營績效之關係，國立成功大學會計學研究所碩士論文。
馬瑜霙，2003，我國獨立董事以及獨立監察人制度對異常應計影響之研究，金融風險管理季刊，第1卷第1期：35-60。
高雷、羅洋、張傑，2007，獨立董事制度特徵與公司績效—基於中國上市公司的實證研究，經濟與管理研究，03：43-47.
陳業寧、邱顯比、洪雲萍，2004，獨立董事與公司治理：政府應該要求所有上市上櫃公司聘任獨立董事嗎？，證券市場發展，第16期第4卷：1-36。
詹玉霞，2003，盈餘管理與公司治理對財務報告重編影響之研究，東吳大學會計研究所碩士論文。
謝文馨，1999，家族企業管制機制與盈餘管理之關聯性研究，私立東吳大學會計研究所碩士論文。
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描述 碩士
國立政治大學
會計研究所
100353016
101
資料來源 http://thesis.lib.nccu.edu.tw/record/#G1003530161
資料類型 thesis
dc.contributor.advisor 林宛瑩zh_TW
dc.contributor.author (作者) 鄧皓天zh_TW
dc.creator (作者) 鄧皓天zh_TW
dc.date (日期) 2012en_US
dc.date.accessioned 2-九月-2013 15:29:20 (UTC+8)-
dc.date.available 2-九月-2013 15:29:20 (UTC+8)-
dc.date.issued (上傳時間) 2-九月-2013 15:29:20 (UTC+8)-
dc.identifier (其他 識別碼) G1003530161en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/59261-
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) 100353016zh_TW
dc.description (描述) 101zh_TW
dc.description.abstract (摘要) 本研究針對2007年至2011年的非金融產業之上市櫃公司，分析股權結構、公司特性是否為公司內部監察人設置比率及是否設置外部監察人之影響因素，並進一步探討公司監察人內部化比率與外部監察人之存在對公司之經營績效、盈餘品質及財務報導強制重編次數的影響。
實證結果顯示，若公司型態為電子公司、家族企業或集團企業、公司之企業規模、內部人持股比率越大，則該公司內部監察人席次比率越高，且不傾向設置外部監察人。而就公司監察人內部化對公司之經營績效及財務報導品質的影響，實證結果顯示，監察人內部化比率越高之公司，其公司經營績效越差，且被要求強制重編財務報表的次數也較多。但只要存在一位外部監察人，即有助於改善公司之經營績效並降低公司被要求強制重編財務報表的可能性。惟本研究並未發現監察人內部化比率或外部監察人之存在與公司盈餘品質間存在顯著關係。
整體而言，本研究之實證結果顯示公司監察人內部化將使法制上監察人制度所應有之公司治理機能無法發揮，無法提升公司經營績效及財務報導品質。故為讓公司監察人能發揮其制度上應有之功能，公司之監察人，宜由外部人擔任。		zh_TW
dc.description.abstract (摘要) Based on a sample of listed non-financial companies over the period of 2007 to 2011 in Taiwan, this study first investigates the impact of ownership structure and firm characteristics on the internalization of supervisors. A step further, this study examines the effect of internalization of supervisors on firm performance, earnings quality and the frequency of restatement of financial reports.
The empirical evidence shows that firms operate in electronic industries, or belong to business groups or owned by families, or with greater shares held by insiders or with larger firm size, are significantly and positively (negatively) associated with the internalization of supervisors (the presence of outside supervisors). The study also finds that firms with higher degree of internalization of supervisors are associated with poorer performance and higher frequency of restating their financial reports. On contrary, we find that firms with at least one outside supervisor are associated with better performance and lower frequency of restating financial reports. However, this study fails to report any association between the internalization of supervisors (or the presence of outside supervisors) and earnings quality measured by accruals.
Based on the findings, this study therefore suggests that firms should appoint outsiders to be supervisors in order to better serve the function of the institution of supervisors.		en_US
dc.description.tableofcontents 第一章 緒論 3
第一節 研究動機 3
第二節 研究目的 6
第三節 研究架構 7
第二章 文獻探討 8
第一節 我國監察人與美國董事會功能與職責之比較 8
第二節 公司治理與董事會運作之相關研究 13
第三章 研究方法 24
第一節 研究假說 24
第二節 實證模型與變數定義 28
第三節 研究期間與研究樣本來源 50
第四章 實證結果與分析 51
第一節 影響監察人內部化之因素 51
第二節 監察人內部化與公司經營績效之關連性 59
第三節 監察人內部化對公司盈餘品質之影響 67
第四節 監察人內部化對公司財報重編次數之影響 74
第五章 結論與建議 81
第一節 研究結論 81
第二節 研究限制與建議 83
參考文獻 84		zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G1003530161en_US
dc.subject (關鍵詞) 內部監察人zh_TW
dc.subject (關鍵詞) 經營績效zh_TW
dc.subject (關鍵詞) 盈餘品質zh_TW
dc.subject (關鍵詞) 財務報導強制重編zh_TW
dc.subject (關鍵詞) The internalization of supervisorsen_US
dc.subject (關鍵詞) Firm performanceen_US
dc.subject (關鍵詞) Earnings qualityen_US
dc.subject (關鍵詞) Restatement of financial reportsen_US
dc.title (題名) 我國監察人內部化之決定因素及其影響zh_TW
dc.title (題名) The determinants of the internalization of supervisors and its impactsen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 吳祥福，2003，財務報導重編與董監獨立性/專業性之研究，國立政治大學會計學研究所碩士論文。
吳曉暉，姜彥福，2006，機構投資者影響下獨立董事治理效率變化研究，中國工業經濟，2006年5月號：105-111。
李建然、廖義興，2003，董事會結構特徵與盈餘管理—台灣家族控制企業因素之影響，中華會計教育學刊，第5卷第1期：1-27。
邱秀清、鄭鈞介，2008，董監事會及審計品質與財務報導重編，國立空中大學商學學報，第16期：67-86。
邱毅、張訓華，1991，股權結構、董事會組成與企業財務績效，台北市銀行月刊，第22卷第5期：11-32。
洪世馨，2003，設立外部董事與企業經營績效之關係，國立成功大學會計學研究所碩士論文。
馬瑜霙，2003，我國獨立董事以及獨立監察人制度對異常應計影響之研究，金融風險管理季刊，第1卷第1期：35-60。
高雷、羅洋、張傑，2007，獨立董事制度特徵與公司績效—基於中國上市公司的實證研究，經濟與管理研究，03：43-47.
陳業寧、邱顯比、洪雲萍，2004，獨立董事與公司治理：政府應該要求所有上市上櫃公司聘任獨立董事嗎？，證券市場發展，第16期第4卷：1-36。
詹玉霞，2003，盈餘管理與公司治理對財務報告重編影響之研究，東吳大學會計研究所碩士論文。
謝文馨，1999，家族企業管制機制與盈餘管理之關聯性研究，私立東吳大學會計研究所碩士論文。
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