| dc.contributor | 會計系 | en_US |
| dc.creator (作者) | Chin, Chen-Lung ; Lin, Tyrone T. ; Lee, Chia-Chi | en_US |
| dc.creator (作者) | 金成隆;林達榮;李家琪 | zh_TW |
| dc.date (日期) | 2005 | en_US |
| dc.date.accessioned | 18-Feb-2014 17:18:11 (UTC+8) | - |
| dc.date.available | 18-Feb-2014 17:18:11 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Feb-2014 17:18:11 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/63982 | - |
| dc.description.abstract (摘要) | Convertible bond (CB) issuers have been required to include financial forecasts in prospectuses filed with the Taiwan Securities and Futures Commission (TSFC) since 1991. This study examines the association between CB issuance terms and the extent of optimistic initial earnings forecasts and earnings management, as well as the association between CB issuance terms and the extent of reported (post-managed) earnings forecasts. Empirical results indicate that: (1) the likelihood of the issuing company making an optimistic initial earnings forecast (positive initial forecast error) increases with conversion price, issuance amount, and issuance period, but decreases with an increasing conversion period and reselling premium; (2) earnings management was pervasive in the year of issue of the CB; and (3) a substitutive relation exists between earnings management and issuance terms in CB issuing. | en_US |
| dc.format.extent | 356639 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Review of Pacific Basin Financial Markets and Policies, 8(3), 543-571 | en_US |
| dc.subject (關鍵詞) | Convertible bonds;mandatory earnings forecasts;issuance terms;earnings management | en_US |
| dc.title (題名) | Convertible Bonds Issuance Terms, Management Forecasts, and Earnings Management: Evidence from Taiwan Market | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1142/S0219091505000506 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1142/S0219091505000506 | en_US |
