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    Title: 我國財務會計準則第34號及第36號公報對企業操作衍生性金融商品之影響
    Authors: 賴怡君
    Contributors: 陳錦烽
    賴怡君
    Keywords: 第34號公報
    第36號公報
    衍生性金融商品
    公司特質
    SFAS No. 34
    SFAS No. 36
    Derivatives
    Corporate Characteristics
    Date: 2008
    Issue Date: 2009-09-11 17:33:09 (UTC+8)
    Abstract: 本研究之研究主題有兩大部份。第一部份探討公司特質與其使用衍生性金融商品之關聯性。第二部份探討公司特質與其使用衍生性金融商品程度之關聯性，並檢驗我國財務會計準則第34號及第36號公報實施後，對企業操作衍生性金融商品之影響。
    第一部份之實證結果顯示，公司規模愈大、長期負債比率愈高、股利發放率愈高、流動比率愈低、研發費用率愈高以及外銷比率愈高之公司，愈傾向使用衍生性金融商品。上述公司特質為企業使用衍生性金融商品之決定因素。
    第二部份之實證結果顯示，公司規模愈大、長期負債比率愈高、股利發放率愈高以及外銷比率愈高的公司，其衍生性金融商品使用程度愈大。此外，第34號及第36號公報實施後，樣本公司使用衍生性金融商品之程度低於公報實施前，故推論此兩號公報之實施，的確影響公司對於衍生性金融商品之操作，使其態度趨於保守。
    This study focuses on the following issues. First, this study examines the relationship between corporate characteristics and its use of derivatives. Second, I further investigate the relationship between corporate characteristics and its degree of use of derivatives. In addition, the impact of SFAS No.34 and No.36 on corporate use of derivatives is also examined. The main conclusions are as follows.
    On the first issue, the empirical results show that for the firms with greater size, greater long-term liability ratio, greater dividend payout ratio, lower current ratio, greater R&D ratio and greater export ratio, they are more likely to use derivatives. These characteristics are important determinants for corporate use of derivatives.
    In the second issue, the empirical results indicate that for the firms with greater size, greater long-term liability ratio, greater dividend payout ratio and greater export ratio, their degrees of using derivatives are greater. In addition, the degree of corporate use of derivatives decreases after SFAS No. 34 and No. 36 became applicable. The corporate use of derivatives became more conservative after the application of these two pronouncements.
    Reference: 一、中文部份
    沈大白，2006，衍生性金融商品風險管理機制方案暨會計處理問題之研討，證券暨期貨市場發展基金會。
    吳如玉，2005，新公報簡介─財務會計準則公報第三十六號，會計研究月刊，第237 期（8月）：75-79。
    吳清在、陳靜修、高蘭芬，2002，企業使用衍生性商品避險之決定因素：台灣上市公司之實證研究，中華會計學刊，第3卷第1期（10月）： 79-111。
    張日炎、王淑玲，2006，衍生性金融商品之避險會計處理問題，會計研究月刊，第248期（7月）：96-103。
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    黃金澤，2004，談避險會計處理新制（一），會計研究月刊，第222期（5月）：125-129。
    黃金澤，2004，談金融商品之新會計處理準則，存款保險資訊季刊第17卷第3期：33-38。
    羅贊興、侯采雯、章友馨、謝兆恩，2004，公平價值會計之國際規範與我國現行制度之研析，證券暨期貨月刊，第22卷第9期：17-33。
    于雯慧，2008，我國財務會計準則公報第34號與36號實施後對企業操作衍生性金融商品決策之影響，國立高雄應用科技大學，商務經營研究所碩士論文。
    李英新，2001，企業避險動機與決策：上市上櫃電子業之實證研究，私立銘傳大學金融研究所在職專班碩士論文。
    洪巧容，2008，財會34與36號公報衍生性金融商品揭露與股價攸關性之研究-以金融控股公司為例，實踐大學財務金融與保險研究碩士論文。
    黃昭綺，2007，我國34號、36號公報之實施對公司操作衍生性商品之影響暨公司操作衍生性商品與公司特質之關聯性，國立台灣大學會計學研究所碩士論文。
    黃薏萍，2000，上市公司使用衍生性金融商品避險動機與行為之研究，國立成功大學國際企業研究所碩士論文。
    陳明宏，2006，上市公司承作衍生性金融商品交易與公司特性之探討，國立雲林科技大學會計研究所碩士論文。
    關春修，2007，適用財務會計準則34及36號公報對於企業操作衍生性金融商品風險管理之影響，國立台灣大學管理學院碩士在職專班會計與管理決策組碩士論文。
    財團法人中華民國會計研究發展基金會，1988，財務會計準則公報第14號：外幣換算之會計處理準則。
    財團法人中華民國會計研究發展基金會，2003，財務會計準則公報第34號：金融商品之會計處理準則。
    財團法人中華民國會計研究發展基金會，2005，財務會計準則公報第36號：金融商品之表達與揭露。
    二、英文部份
    Association for Financial Professionals. 2001. The impact of FAS 133 on the risk management: Survey results. (May).
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    Kalay, A. 1982. Stockholder-bondholder conflict and dividend constraints.
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    Description: 碩士
    國立政治大學
    會計研究所
    96353044
    97
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0096353044
    Data Type: thesis
    Appears in Collections:[Department of Accounting] Theses

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