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題名 內部控制缺失與經營績效之關聯性研究
Internal Control Weaknesses and Firm Performance作者 林惠婷 貢獻者 林宛瑩
林惠婷關鍵詞 內部控制缺失
公司治理
經營績效
internal control weaknesses
cooperate governance
firm performance日期 2010 上傳時間 5-Sep-2013 14:29:38 (UTC+8) 摘要 本研究以2004至2010年國內之上市公司為研究樣本，探討內部控制缺失對公司經營績效之影響。對於內部控制缺失之判斷，不同於以往，僅限以公司自行揭露或遭主管機關裁罰之資訊為對象，本研究廣泛蒐集公司負面新聞，將內部控制缺失依事件發生原因分類，並依照COSO報告架構將內部控制缺失依五大要素及五大目標予以分類。 實證研究結果顯示，內部控制缺失與企業經營績效間呈顯著負相關，重大之內部控制缺失對經營績效影響之程度較大。依發生原因分類內部控制缺失之分析結果顯示，違反金管會規定、管理階層操守與價值觀有偏差及發生會計錯誤而重編財報之公司，其經營績效較差。至於內部控制缺失涉及內部控制要素及控制目標者，分析顯示，各項缺失要素及目標皆與經營績效呈顯著負向關係，且缺失要素及缺失目標較多之公司，其經營績效較差。其中，控制環境、風險評估與監督三項控制要素缺失，以及財務報導目標缺失對經營績效有較顯著之負向影響。
Based on a sample of 724 Taiwanese companies listed in Taiwan Securities Exchange over the period of 2004-2010, this research investigates the impact of internal control weaknesses on firm performance. Different from prior studies that identified internal control weaknesses only from voluntary disclosures made by the firm and releases regarding firm’s violation of regulations issued by the Finanical Supervisory Commission, Executive Yuan, ROC (FSC). This study extensively collects news related to events resulting from internal control weaknesses as an additional data source. A further classification of internal control weaknesses is performed based on the nature of the events and the internal control framework proposed in the COSO report. The empirical results indicate that firms with internal control weaknesses are significantly underperformed. It is also found that material weaknesses have greater impact on firm performance. The results show that firms associated with FSC regulation violation releases, the integrity and ethical values of management is biased, and had restated financial statements accounting errors have significantly lower performance. The internal control weaknesses classified by the elements and objectives of internal control based on the COSO framework, are found to be significantly and negatively related to the firm performance respectively and collectively. In specific, the weaknesses associated with control environment, risk assessment, monitoring, and financial reporting objective have greater impact on firm performance.參考文獻 一、中文部分Garittee, J. 2002. 亞洲公司治理：迷思或現實，內部稽核季刊，第39期，頁11-20。方志宏，2007，內部控制缺失與財務績效相關性研究-以本國商業銀行為例，國立台北大學會計學系碩士論文。李佩琳，2009，內部稽核主管特質對內部控制品質之影響，國立台北大學會計學系碩士論文。吳當傑，2004，公司治理理論與實務，財團法人孫運璿學術基金會。林宛瑩與許崇源，2008，台灣集團企業之控股型態及公司治理衡量指標之研究與建議，交大管理學報，第28卷第1期，頁269-312。邱正仁、熊大中與高蘭芬，2002，股權質押與財務危機關聯性之研究，中華會計學刊，第3卷第1期，頁79-111。高蘭芬與邱正仁，2002，董監事股權質押對會計盈餘與股票報酬相關性之影響，台大管理論叢，第13卷第1期，頁127-162。馬秀如，1997，內部控制之過去與現在，會計研究月刊，第138期，頁25-40。馬秀如，1998，內部控制－整體架構，財團法人中華民國會計研究發展基金會。馬秀如，2002，控制至治理之途，主計月刊，第562期，頁63-75。馬秀如，2005，內部控制之延伸－風險管理，會計研究月刊，第238期，頁19-30。黃靖雅，2007，集團企業股權結構複雜度與經營效益關聯性之探討，國立政治大學會計學系碩士論文。黃崇輝，2004，公司治理與經營績效關聯性之研究－以台南地區上市、上櫃及公開發行公司為實證，國立成功大學高階管理碩士在職專班。黃誌緯，2009，內部控制有效性與企業績效及財務報導可靠性，國立成功大學會計學系碩士論文。陳宜伶，2009，董事會之獨立、專業、參與對企業績效及風險之影響，國立政治大學會計學系博士論文。葉旻其，2009，公司治理機制對企業績效與董監薪酬之影響，國立政治大學會計學系碩士論文。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(上) ，證交資料，第567期，頁6-25。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(中) ，證交資料，第568期，頁6-27。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(下) ，證交資料，第569期，頁20-51。顏怡音，2003，從內部控制之觀點論公司治理，主計月刊，第576 期，頁49-59。二、英文部分 Anderson, R. 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Family control and corporate governance: Evidence for Taiwan. International Review of Finance 2 (1): 21-48.Zhang, Y, J. Zhou, and N. Zhou. 2007. Audit committee quality, auditor independence, and intemal control weaknesses. Journal of Accounting and Public Policy 26 (3): 300-327. 描述 碩士
國立政治大學
會計研究所
98353026
99資料來源 http://thesis.lib.nccu.edu.tw/record/#G0983530261 資料類型 thesis dc.contributor.advisor 林宛瑩 zh_TW dc.contributor.author (Authors) 林惠婷 zh_TW dc.creator (作者) 林惠婷 zh_TW dc.date (日期) 2010 en_US dc.date.accessioned 5-Sep-2013 14:29:38 (UTC+8) - dc.date.available 5-Sep-2013 14:29:38 (UTC+8) - dc.date.issued (上傳時間) 5-Sep-2013 14:29:38 (UTC+8) - dc.identifier (Other Identifiers) G0983530261 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/60363 - 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) 98353026 zh_TW dc.description (描述) 99 zh_TW dc.description.abstract (摘要) 本研究以2004至2010年國內之上市公司為研究樣本，探討內部控制缺失對公司經營績效之影響。對於內部控制缺失之判斷，不同於以往，僅限以公司自行揭露或遭主管機關裁罰之資訊為對象，本研究廣泛蒐集公司負面新聞，將內部控制缺失依事件發生原因分類，並依照COSO報告架構將內部控制缺失依五大要素及五大目標予以分類。 實證研究結果顯示，內部控制缺失與企業經營績效間呈顯著負相關，重大之內部控制缺失對經營績效影響之程度較大。依發生原因分類內部控制缺失之分析結果顯示，違反金管會規定、管理階層操守與價值觀有偏差及發生會計錯誤而重編財報之公司，其經營績效較差。至於內部控制缺失涉及內部控制要素及控制目標者，分析顯示，各項缺失要素及目標皆與經營績效呈顯著負向關係，且缺失要素及缺失目標較多之公司，其經營績效較差。其中，控制環境、風險評估與監督三項控制要素缺失，以及財務報導目標缺失對經營績效有較顯著之負向影響。 zh_TW dc.description.abstract (摘要) Based on a sample of 724 Taiwanese companies listed in Taiwan Securities Exchange over the period of 2004-2010, this research investigates the impact of internal control weaknesses on firm performance. Different from prior studies that identified internal control weaknesses only from voluntary disclosures made by the firm and releases regarding firm’s violation of regulations issued by the Finanical Supervisory Commission, Executive Yuan, ROC (FSC). This study extensively collects news related to events resulting from internal control weaknesses as an additional data source. A further classification of internal control weaknesses is performed based on the nature of the events and the internal control framework proposed in the COSO report. The empirical results indicate that firms with internal control weaknesses are significantly underperformed. It is also found that material weaknesses have greater impact on firm performance. The results show that firms associated with FSC regulation violation releases, the integrity and ethical values of management is biased, and had restated financial statements accounting errors have significantly lower performance. The internal control weaknesses classified by the elements and objectives of internal control based on the COSO framework, are found to be significantly and negatively related to the firm performance respectively and collectively. In specific, the weaknesses associated with control environment, risk assessment, monitoring, and financial reporting objective have greater impact on firm performance. 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 研究議題 4第三節 研究架構 6第二章 文獻探討 7第一節 內部控制制度之演進及在我國之發展 7第二節 內部控制缺失之實證性研究 14第三節 內部控制與公司治理 22第三章 研究方法 26第一節 研究假說 26第二節 實證模型及變數定義 28第三節 樣本選取及內部控制缺失之判斷 34第四章 實證分析結果 47第一節 敘述性統計 47第二節 相關係數矩陣分析 54第三節 內部控制缺失對經營績效迴歸結果 60第五章 結論與建議 71第一節 結論 71第二節 研究限制與建議 73參考文獻 76 zh_TW dc.format.extent 1400158 bytes - dc.format.mimetype application/pdf - dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0983530261 en_US dc.subject (關鍵詞) 內部控制缺失 zh_TW dc.subject (關鍵詞) 公司治理 zh_TW dc.subject (關鍵詞) 經營績效 zh_TW dc.subject (關鍵詞) internal control weaknesses en_US dc.subject (關鍵詞) cooperate governance en_US dc.subject (關鍵詞) firm performance en_US dc.title (題名) 內部控制缺失與經營績效之關聯性研究 zh_TW dc.title (題名) Internal Control Weaknesses and Firm Performance en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) 一、中文部分Garittee, J. 2002. 亞洲公司治理：迷思或現實，內部稽核季刊，第39期，頁11-20。方志宏，2007，內部控制缺失與財務績效相關性研究-以本國商業銀行為例，國立台北大學會計學系碩士論文。李佩琳，2009，內部稽核主管特質對內部控制品質之影響，國立台北大學會計學系碩士論文。吳當傑，2004，公司治理理論與實務，財團法人孫運璿學術基金會。林宛瑩與許崇源，2008，台灣集團企業之控股型態及公司治理衡量指標之研究與建議，交大管理學報，第28卷第1期，頁269-312。邱正仁、熊大中與高蘭芬，2002，股權質押與財務危機關聯性之研究，中華會計學刊，第3卷第1期，頁79-111。高蘭芬與邱正仁，2002，董監事股權質押對會計盈餘與股票報酬相關性之影響，台大管理論叢，第13卷第1期，頁127-162。馬秀如，1997，內部控制之過去與現在，會計研究月刊，第138期，頁25-40。馬秀如，1998，內部控制－整體架構，財團法人中華民國會計研究發展基金會。馬秀如，2002，控制至治理之途，主計月刊，第562期，頁63-75。馬秀如，2005，內部控制之延伸－風險管理，會計研究月刊，第238期，頁19-30。黃靖雅，2007，集團企業股權結構複雜度與經營效益關聯性之探討，國立政治大學會計學系碩士論文。黃崇輝，2004，公司治理與經營績效關聯性之研究－以台南地區上市、上櫃及公開發行公司為實證，國立成功大學高階管理碩士在職專班。黃誌緯，2009，內部控制有效性與企業績效及財務報導可靠性，國立成功大學會計學系碩士論文。陳宜伶，2009，董事會之獨立、專業、參與對企業績效及風險之影響，國立政治大學會計學系博士論文。葉旻其，2009，公司治理機制對企業績效與董監薪酬之影響，國立政治大學會計學系碩士論文。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(上) ，證交資料，第567期，頁6-25。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(中) ，證交資料，第568期，頁6-27。張思國、陳脩文、鄭益成、黃曉惠，2009，公司治理因素與上市公司內部控制制度關聯性之研究(下) ，證交資料，第569期，頁20-51。顏怡音，2003，從內部控制之觀點論公司治理，主計月刊，第576 期，頁49-59。二、英文部分 Anderson, R. 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