政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/151948
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113324/144300 (79%)
Visitors : 51141977      Online Users : 935
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/140.119/151948


    Title: 盈餘管理與審計調整數之關聯
    The Association Between Earnings Management and Audit Adjustments
    Authors: 蕭孟涵
    Hsiao, Meng-Han
    Contributors: 潘健民
    Pan, Chien-min
    蕭孟涵
    Hsiao, Meng-Han
    Keywords: 審計調整數
    應計項目盈餘管理
    實質盈餘管理
    Audit adjustments
    Accrual-based earnings management
    Real earnings management
    Date: 2024
    Issue Date: 2024-07-01 12:07:23 (UTC+8)
    Abstract: Lennox, Wang, and Wu (2018)發現審計調整數與盈餘品質相關。然而Lennox et al. (2018)所使用之審計調整數為非公開資料。本研究採用由日本上市公司取得之公開資料之審計調整數以檢測審計調整數與盈餘管理之關聯。本研究所採用之審計調整數包括以下四個項目：銷貨收入、營業利益、經常性利益及稅後淨利。盈餘管理之指標包含絕對值應計項目及實質盈餘管理指標。
    實證結果顯示，除異常裁量性費用與本期淨利審計調整數為10%顯著負相關外，其餘盈餘管理指標並無顯著性，故整體而言盈餘管理與審計調整數之間不具關聯性。本研究在追加測試中進一步分析新冠疫情是否有對企業造成影響。結果顯示在疫情前，除異常生產成本與審計調整數之間有顯著正相關外，其餘盈餘管理指標與審計調整數之指標間大部分皆不相關。且疫情後各項盈餘管理指標與審計調整數之間也不具顯著相關，即企業有無實施盈餘管理與審計調整數並無關聯。
    Lennox, Wang, and Wu (2018) find a relationship between audit adjustments and earnings quality. The audit adjustment data used in Lennox et al. (2018), however, is propriety. This study utilizes publicly available audit adjustment data from listed Japanese companies to examine the association between audit adjustments and earnings management. The audit adjustments in this study include the following: sales revenue, operating profit, ordinary profit, and net income. This study uses measures for both accruals earnings management and real earnings management.
    The empirical results show that, except for a slight negative correlation between abnormal discretionary expenses and the current period's net income audit adjustments, other earnings management measures are not significant. Overall, this study finds no association between earnings management and audit adjustments. In additional tests, this study further analyzes whether the COVID-19 pandemic have an impact on audit adjustments and earnings management. This study finds that there is a significant positive correlation between abnormal production costs and audit adjustments before the pandemic, all other measures are not significant. The results reported in this study suggest that, overall, there is no association between audit adjustment and earnings management.
    Reference: Ahmadjian, C. L., and G. E. Robbins. 2005. A clash of capitalisms: Foreign
    shareholders and corporate restructuring in 1990s Japan. American Sociological
    Review 70 (3): 451-471.
    Aman, H., and P. Nguyen. 2012. The size and composition of corporate boards in
    Japan. Asian Business and Management 11 (4): 425-444.
    Bamber, L. S., and Y. S. Cheon. 1998. Discretionary management earnings forecast
    disclosures: Antecedents and outcomes associated with forecast venue and forecast specificity choices. Journal of Accounting Research 36 (2): 167-190.
    Bamber, E. M., and L. S. Bamber. 2009. Discussion of: Mandatory audit partner
    rotation, audit quality, and market perception: Evidence from Taiwan.
    Cotemporary Accounting Research 26 (2): 393-402.
    Beatty, A., S. Chamberlain, and J. Magliolo. 1995. Managing financial reports of
    commercial banks: The influence of taxes, regulatory capital and earnings. Journal of Accounting Research 33 (2): 231-261.
    Becker, C., M. DeFond, J. Jiambalvo, and K. R. Subramanyam. 1998. The effect of
    audit quality on earnings management. Contemporary Accounting Research 15 (1):
    1-24.
    Braun, K. 2001. The disposition of audit-detected misstatements: An examination of
    risk and reward factors and aggregation effects. Contemporary Accounting
    Research 18 (1): 71-99.
    Chi, W., H. Huang, Y. Liao, and H. Xie. 2009. Mandatory audit partner rotation,
    audit quality, and market perception: Evidence from Taiwan. Contemporary Accounting Research 26 (2): 359-391.
    Chi, W., L. Lei, and M. Pevzner. 2010. Is enhanced audit quality associated with
    greater real earnings management?. Accounting Horizons 25 (2): 315-335.
    Cahan, S. 1992. The effect of antitrust investigations on discretionary accruals: A
    refined test of the political cost hypothesis. The Accounting Review 67 (1): 77-95.
    Collins, J., D. Shackelford, and J. Wahlen. 1995. Bank differences in the coordination
    of regulatory capital, earnings and taxes. Journal of Accounting Research 33 (2):
    263-291.
    Cohen, D., A. Dey, and T. Lys. 2008. Real and accrual-based earnings management
    in the pre and post-Sarbanes-Oxley periods. The Accounting Review 83 (3): 757-787.
    Cohen, D. A., and P. Zarowin. 2010. Accrual-based and real earnings management
    activities around seasoned equity offerings. Journal of Accounting and Economics
    50 (1): 2-19.
    DeAngelo, L. E. 1981. Audit size and audit quality. Journal of Accounting and
    Economics 3 (3): 183-199.
    Dechow, P. M., and R. G. Sloan. 1991. Executive incentives and the horizon problem:
    An empirical investigation. Journal of Accounting and Economics 14 (1): 51-89.
    Dechow, P. M., R. G. Sloan, and A. P. Sweeney. 1995. Detecting earnings
    management. The Accounting Review 70 (2): 193-225.
    DeFond, M. L., and J. Jiambalvo. 1994. Debt covenant effects and the manipulation
    of accruals. Journal of Accounting and Economics 17 (1-2): 145-176.
    Erickson, M., and S-w. Wang. 1999. Earnings management by acquiring firms in stock
    for stock mergers. Journal of Accounting and Economics 27 (2): 149-176.
    Fama, E. F., and M. C. Jensen. 1983. Separation of ownership and control. The
    Journal of Law and Economics 26 (2): 301-325.
    Ferreira, M. A., and P. Matos. 2008. The colors of investors’ money: The role of
    institutional investors around the world. Journal of Financial Economics 88 (3): 499-533.
    Guidry, F., A. Leone, and S. Rock. 1999. Earnings-based bonus plans and earnings
    management by business unit managers. Journal of Accounting and Economics
    26 (1-3): 113-142.
    Guo, J., P. Huang, Y. Zhang, and N. Zhou 2015. Foreign ownership and real earnings
    management: Evidence from Japan. Journal of International Accounting Research 14 (2): 185-213.
    Hatfield, R. C., C. Agoglia, and M. H. Sanchez. 2008. Client characteristics and the
    negotiation tactics of auditors: Implications for financial reporting. Journal of
    Accounting Research 46 (5): 1183-1207.
    Healy, P. M., and J. M. Wahlen. 1999. A review of the earnings management
    literature and its implications for standard setting. Accounting Horizons 13 (4): 365-383.
    Herrmann, D., T. Inoue, and W. B. Thomas. 2003. The sales of assets to earnings in
    Japan. Journal of Accounting Research 41 (1): 89-108.
    Hribar, P., and D. C. Nichols. 2007. The use of unsigned earnings quality measures
    in tests of earnings management. Journal of Accounting Research 45 (5): 1017-
    1053.
    Hu, Y., and S. Izumida. 2008. Ownership concentration and corporate performance:
    A causal analysis with Japanese panel data. Corporate Governance: An International Review 16 (4): 342-358.
    Jiang, L., and J. B. Kim. 2004. Foreign Equity Ownership and Information
    Asymmetry: Evidence from Japan. Journal of International Financial
    Management and Accounting 15 (3): 185-211.
    Jones, J. 1991. Earnings management during import relief investigations. Journal of
    Accounting Research 29 (2): 193-228.
    John, K., and L. W. Senbet. 1998. Corporate governance and board effectiveness.
    Journal of Banking & Finance 22 (4): 371-403.
    Johnson, V. E., I. K. Khurana, and J. K. Reynolds. 2002. Audit-firm tenure and the
    quality of financial reports. Contemporary Accounting Research 19 (4): 637-660.
    Keune, M. B., and K. M. Johnstone. 2012. Materiality judgments and the resolution
    of detected misstatements: The role of managers, auditors, and audit committees.
    The Accounting Review 87 (5): 1641-1677.
    Kinney, W. R., and L. S. McDaniel. 1989. Characteristics of firms correcting
    previously reported quarterly earnings. Journal of Accounting and Economics 11 (1): 71-93.
    Kinney, W. R., Jr., and R. D. Martin. 1994. Does auditing reduce bias in financial
    reporting?. A review of audit-related adjustment studies. Auditing: A Journal of
    Practice & Theory 13 (1): 149-156.
    Klein, A. 2002. Audit committee, board of director characteristics, and earnings
    management. Journal of Accounting and Economics 33 (3): 375-400.
    Kothari, S. P., A. J. Leone, and C. E. Wasley. 2005. Performance matched
    discretionary accrual measures. Journal of Accounting and Economics 39 (1): 163-
    197.
    Lennox, C. S., X. Wu, and T. Zhang. 2014. Does mandatory rotation of audit partners
    improve audit quality?. Accounting Review 89 (5): 1775-1803.
    Lennox, C. S., X. Wu, and T. Zhang. 2016. The effect of audit adjustments on earnings
    quality: Evidence from China. Journal of Accounting and Economics 61 (2-3): 545-562.
    Lennox, C. S., Z. T. Wang, and X. Wu. 2018. Earnings management, audit adjustments,
    and the financing of corporate acquisitions: Evidence from China. Journal of
    Accounting and Economics 65 (1): 21-40.
    Moyer, S. 1990. Capital adequacy ratio regulations and accounting choices in
    commercial banks. Journal of Accounting and Economics 13 (2): 123-154.
    Nagata, K., and P. Nguyen. 2017. Ownership structure and disclosure quality:
    Evidence from management forecasts revisions in Japan. Journal of Accounting and Public and Policy 36 (6): 451-467.
    Nguyen, P. 2012. The impact of foreign investors on the risk-taking of Japanese firms.
    Journal of the Japanese and International Economics 26 (2): 233-248.
    Pfeffer, J., and G. R. Salancik. 1978. External control of organizations: A resource
    dependence perspective. New York: Harper & Row Publishers.
    Roychowdhury, S. 2006. Earnings management through real activities manipulation.
    Journal of Accounting and Economics 42 (3): 335-370.
    Schipper, K. 1981. Earnings management. Accounting Horizons 3 (4): 91-102.
    Scholes, M., G. P. Wilson, and M. Wolfson. 1990. Tax planning, regulatory capital
    planning, and financial reporting strategy for commercial banks. The Review of
    Financial Studies 3 (4): 625-650.
    Sheard, P. 1989. The main bank system and corporate monitoring and control in Japan.
    Journal of Economic Behavior and Organization 11 (3): 399-422.
    Smith Jr, C. W., and R. L. Watts. 1992. The investment opportunity set and corporate
    financing, dividend, and compensation policies. Journal of Financial Economics 32 (3): 263-292.
    Sweeney, A. P. 1994. Debt-covenant violations and managers' accounting responses.
    Journal of Accounting and Economics 17 (3): 281-308.
    Teoh, S. H., I. Welch, and T. J. Wong. 1998a. Earnings management and the post-issue
    performance of seasoned equity offerings. Journal of Financial Economics 50 (1):
    101-122.
    Teoh, S. H., I. Welch, and T. J. Wong. 1998b. Earnings management and the long-
    run market performance of initial public offerings. The journal of Finance 53 (6):
    1935-1974.
    Teoh, S., T. J. Wong, and G. Rao. 1998. Are accruals during initial public offerings
    opportunistic?. Review of Accounting Studies 3 (1-2): 178-208.
    Watts, R. L., and J. L. Zimmerman. 1978. Towards a positive theory of the
    determination of accounting standards. The Accounting Review 53 (1): 112-134.
    Warfield, T. D., J. J. Wild, and K. L. Wild. 1995. Managerial ownership, accounting
    choices, and informativeness of earnings. Journal of Accounting and Economics
    20 (1): 61-91.
    Wright, A., and S. Wright. 1997. An examination of factors affecting the decision
    to waive audit adjustments. Journal of Accounting, Auditing and Finance 12 (1):
    15-36.
    Description: 碩士
    國立政治大學
    會計學系
    111353014
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0111353014
    Data Type: thesis
    Appears in Collections:[Department of Accounting] Theses

    Files in This Item:

    File SizeFormat
    index.html0KbHTML51View/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