政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/135105
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113313/144292 (79%)
Visitors : 50945386      Online Users : 939
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/135105


    Title: CEO Tenure and Earnings Management: The Role of Internal Governance
    CEO任期與盈餘管理：併論內部治理的角色
    Authors: 洪叔民
    Horng, Shwu-Min
    曹嘉玲
    Chao, Chia-Ling
    Contributors: 企管系
    Keywords: CEO reputation;Internal governance;Earnings management
    CEO聲譽;內部治理;盈餘管理
    Date: 2020-06
    Issue Date: 2021-05-25 11:10:03 (UTC+8)
    Abstract: Using a sample of U.S. public firms, we examine whether key subordinate executives have the incentive and ability to constrain CEOs` earnings management behavior during their tenure as CEO. In contrast with the mainstream U.S. results in the literature concerning the potential for using discretionary accruals and real activities manipulation jointly to manage earnings, our results suggest that discretionary accruals and real activities manipulation are partial complements for earnings management, and that their magnitudes are determined simultaneously. We also document that CEOs have incentive to increase earnings in the early years and the final year of their service, presumably to favorably influence the market`s perception of their ability as well as protect their reputation. Using the number of years to retirement and their compensation relative to the CEO`s to capture subordinate executives` incentives and influence within the firm, respectively, we find that CEOs are less likely to use accrual-based earnings management and real activities manipulation to increase reported income in the early years and the final year of their service in firms with stronger internal monitoring. These results are robust to different sample specifications.
    本文以美國上市公司為樣本，探討公司主要的部屬主管是否具有動機和能力，抑制CEO在任期內不同階段之盈餘管理行為。本研究之實證結果與探討聯合運用裁決性應計數和實際盈餘管理達到盈餘門檻之美國主流文獻不同，發現企業同時運用該二盈餘管理工具以達到盈餘目標，以及盈餘管理略間之互補性。本文並發現CEO為了影響市場對其能力之肯定並保護其聲譽，會傾向在服務期間的第一年和最後一年運用盈餘管理策略使其淨利向上修正。本研究以距離退休之年數衡量主要部屬主管之動機，並以主要部屬主管之獎酬對CEO之獎酬所佔比例衡量部屬主管之影響，進而衡量公司內部治理機制，並發現當公司內部治理較強時，會抑制CEO在服務期間的第一年和最後一年運用裁決性應計數和真實盈餘管理使其淨利向上修正之盈餘管理行為。本文另以不同的樣本組合進行增額測試，以增強上述之研究結果之穩健性。
    Relation: 會計審計論叢, Vol.10, No.1, pp.39-77
    Data Type: article
    Appears in Collections:[Department of Business Administation] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    334.pdf953KbAdobe PDF2268View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback