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    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/34246
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/34246


    Title: 成長率與成長機會對盈餘持續性影響之研究
    Authors: 鍾博文
    Contributors: 戚務君
    鍾博文
    Keywords: 盈餘持續性
    成長
    會計扭曲
    Earnings persistence
    Growth
    Accounting distortions
    Date: 2006
    Issue Date: 2009-09-18 09:07:14 (UTC+8)
    Abstract: 自從Sloan (1996)以後,後續研究關於應計有較低盈餘持續性現象之解釋可分為成長因素和會計扭曲。本研究運用Fairfield et al. (2003)與Richardson et al. (2006)之模型擬針對此兩種解釋提出直接的證據,以探討該現象可否完全由成長因素解釋,且在不同成長機會本質下其解釋能力是否仍相同。實證結果發現在Fairfield et al. (2003)之模型下,若控制當期獲利水準,淨營業資產成長和次期資產報酬率會呈負相關,若進一步將淨營業資產區分為應計和長期淨營業資產成長後,發現兩者皆與次期資產報酬率呈相同的負相關,表示成長因素確實是造成應計有較低盈餘持續性的原因。而在Richardson et al. (2006)之模型下,實證結果發現若控制當期獲利水準,並將總營業應計拆解為代表經濟成長特性的「成長要素」和代表暫時性會計扭曲的「要率要素」後,發現兩者皆和次期淨營業資產報酬率呈負相關,且效率要素之負相關程度顯著的大於成長要素。表示成長因素雖可部分解釋應計之較低盈餘持續性現象,但顯然暫時性會計扭曲才是主要原因。另外,本研究為驗證成長機會對盈餘持續性之影響,再進一步將樣本依成長機會之高低分為三群,測試後發現無論在何種成長機會本質下,效率要素的負相關程度還是大於成長要素。表示即使考量不同成長機會因素後,成長因素解釋應計有較低盈餘持續性的能力還是不足暫時性會計扭曲。
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    Description: 碩士
    國立政治大學
    會計研究所
    94353041
    95
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0094353041
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

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