English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113303/144284 (79%)
Visitors : 50802917      Online Users : 784
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
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/48906
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/48906


    Title: 企業更名與實質交易關聯性之研究
    On the association between corporate name change and real earnings management
    Authors: 江永鈺
    Contributors: 金成隆
    江永鈺
    Keywords: 企業更名
    盈餘管理
    實質交易
    裁決性應計
    Corporate name change
    Earnings management
    Real activities manipulation
    Discretionary accruals
    Date: 2009
    Issue Date: 2010-12-08 01:52:59 (UTC+8)
    Abstract: 公司名稱不僅僅是識別的代號,還具有深切的意義存在,且更名還需花費很大的成本、面對原有客戶流失的風險,故企業更名背後的真正涵義是值得深入探討的。
    本研究旨在探討在CRSP有更名紀錄之美國上市公司,是否會透過實質交易或裁決性應計之方式進行盈餘管理。除了比較更名前後盈餘管理程度之差異,同時也以更名公司為實驗組,並選取未更名公司作為對照組,檢測在更名後,更名公司與未更名公司之盈餘管理程度是否有顯著差異。另外,為額外分析不同類型的更名原因,是否會採取不同的盈餘管理方式,依不同標準選取以下二類之更名公司:第一類為因業務範圍改變而更名;第二類為無原因之更名。
    實證結果發現,更名公司在更名後,比起更名前及未更名公司,可能有以操縱銷貨來壓低現金流量、透過過量生產以降低銷貨成本的實質交易行為,進行裁決性應計項目之盈餘管理也較為嚴重。額外分析不同原因的更名公司之實證結果則發現,無原因之更名公司在更名後,進行實質交易之情形較業務範圍改變之更名公司嚴重。
    This study investigates the impact of corporate name changes on earnings management. We examine earnings management behavior in the period leading to the passage of name change effective year and in the period following the passage of name change effective year, focusing on both real earnings management and accrual-based earnings management. To make further investigations, we conduct analysis of firms that change name because of broader or narrower focus the firm’s scope of business versus firms that change name with no reason.
    The empirical results show that name change firms use more accruals and real earnings management after name changes when compared to similar firms. Furthermore, we also find that firms change name with no reason tend to adopt real earnings management when compared to the firms that change name because of broader or narrow focus.
    Reference: 江宇可,2009,企業更名與盈餘管理之研究,國立政治大學會計學系未出版碩士論文。
    黃柏庭,2009,真實營業活動相關之盈餘管理研究,國立政治大學會計學系未出版碩士論文。
    Ashari, N., H. C. Koh, S. L. Tan, and W. H. Wong. 1994. Factors affecting income smoothing among listed companies in Singapore. Accounting and Business Research 24(Autumn): 291-301.
    Bartov, E. 1993. The timing of asset sales and earnings manipulation. The Accounting Review 68: 840–855.
    Bosch, J., and M. Hirschey. 1989. The valuation effects of corporate name changes. The Journal of the Financial Management Association 18: 64-83.
    Chan, K., L. Chan, N. Jegadeesh, and J. Lakonishok. 2006. Earnings quality and stock returns. The Journal of Business 79: 1041-1082.
    Chernatony, D. L. 2002. Would a brand smell any sweeter by a corporate name? Corporate Reputation Review. 5 (October): 114-142.
    Cohen, D. A., A. Dey, and T. Z. Lys. 2007. Real and accrual-based earnings management in the pre- and post-Sarbanes Oxley periods. Working Paper, New York University.
    Cohen, D. A., and P. Zarowin. 2008. Accrual-based and real earnings management activities around seasoned equity offerings. Working Paper, New York University.
    Cooper, M. J., A. Khorana, I. Osobov, A. Patel, and P. R. Rau. 2005. Managerial actions in response to a market downturn: Valuation effects of name changes in the dot.com decline. Journal of Corporate Finance 11 (April): 319-335.
    Cooper, M. J., O. Dimitrov, and P. R. Rau. 2001. A rose .com by any other name. The journal of Finance 56 (December): 2371-2388.
    Davidson, D., C. Stickney, and R. Weil. 1987. Accounting: The Language of Business. New Jersey: Prentice-Hall.
    DeAngelo, L. E. 1986. Accounting numbers as market valuation substitutes: A study of management buyouts of public stockholders. The Accounting Review 61 (July): 400-420.
    Dechow, P. M., and D. J. Skinner. 2000. Earnings Management: reconciling the views of accounting academics, practitioners and regulators. Accounting Horizons 14: 235-250.
    Dechow, P., and R. Sloan. 1991. Executive incentives and the horizon problem: An empirical investigation. Journal of Accounting and Economics 14 (March): 51-89.
    Dechow, P. M., R. G. Sloan, and A. P. Sweeney. 1995. Detecting earnings management. The Accounting Review 70 (April): 193-225.
    DeFond, M. L., and J. Jiambalvo. 1994. Debt covenant effects and the manipulation of accruals. Journal of Accounting and Economics 17 (January): 145-176.
    Demers, E ., and C. Wang. 2009. The impact of career concerns on accruals based and real earnings management. Working paper, Naval Postgraduate School.
    Fudenberg, D., and Tirole. J. 1995. A theory of income and dividend smoothing based on incumbency rents. Journal of Political Economy 103 (February): 75-93.
    Graham, J. R., C. R. Harvey, and S. Rajgopal. 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics 40 (January): 3-73.
    Gunny, K. 2005. What are the consequences of real earnings management? Working Paper, University of Colorado.
    Hansen, G. A., and C. F. Noe. 1998. Do managers’ accrual decision speak louder than words? Working paper, Harvard University.
    Healy, P. 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics 7 (1-3): 85-107.
    Healy, P., and J. Wahlen. 1999. A review of the earnings management literature and its implications for standard setting. Accounting Horizons 13 (December): 365-383.
    Jones, J. J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29 (Autumn): 193-228.
    Kaplan, R. S. 1985. Evidence on the effect of bonus schemes on accounting procedure and accrual decisions. Journal of Accounting and Economics 7 (1-3): 109-113.
    Karpoff, J., and G. Rankine. 1994. In search of a signaling effect: The wealth effects of corporate name changes. Journal of Banking and Finance 18: 1027-1045.
    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. Wasley. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics 39: 163-197.
    Lee, P. M. 2001. What’s in a name .com? The effect of ‘.com’ name changes on stock prices and trading activity. Strategic Management Journal 18 (August): 879-894.
    Menon, K. and D. Williams. 2004. Former audit partners and abnormal accruals. The Accounting Review 79: 1095-1118.
    Pan, K C. 2008. Trends in Accrual and real activities based earnings management of japanese firms. Working Paper, Waseda University.
    Robinson, D. T., and Y. Wu. 2008. What’s in a name? Causes and consequences of corporate name changes. Proceedings of the Annual Meeting of the Financial Management Association.
    Roychowdhury, S. 2003. Management of earnings through the manipulation of real activities that affect cash flow from operations. Working paper, Massachusetts Institute of Technology.
    Roychowdhury, S. 2006. Earnings management through real activities manipulation. Journal of Accounting and Economics 42: 335-370.
    Schipper, K. 1989. Commentary on earnings management. Accounting Horizons 3 (December): 91-102.
    Scott, W. R. 1997. Financial Accounting Theory. New Jersey: Prentice-Hall.
    Sloan, Richard G. 1996. Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review 71(July): 289–315.
    Teoh, S. H., I. Welch, and T. J. Wong. 1998a. Earnings management and the long-run market performance of initial public offerings. Journal of Finance 53 (December): 1935-1974.
    Teoh, S. H., I. Welch, and T. J. Wong. 1998b. Earnings management and the under-performance of seasoned equity offerings. Journal of Financial Economics 50: 63-99.
    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.
    Xie, H. 2001. The mispricing of abnormal accruals. The Accounting Review 76(July): 357-373.
    Zang, A. 2006. Evidence on the tradeoff between real manipulation and accrual manipulation. Working paper, University of Rochester.
    Description: 碩士
    國立政治大學
    會計研究所
    97353026
    98
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0097353026
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    There are no files associated with this item.



    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