政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/97087
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文筆數/總筆數 : 113313/144292 (79%)
造訪人次 : 50946307      線上人數 : 905
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/97087


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/97087


    題名: 董監持股、盈餘平穩化與企業風險之關連性研究
    其他題名: Research on the Interrelationship among Stock Ownership by Directors and Supervisors, Earnings Smoothing, and Enterprise Risk
    作者: 薛健宏
    Hsueh, Chien-Hung
    關鍵詞: 董監持股;盈餘平穩化;風險
    Stock ownership by directors and supervisors;Earnings smoothing;Risk
    日期: 2008-01
    上傳時間: 2016-05-31 16:54:13 (UTC+8)
    摘要: 證期局試圖經由公司治理構面降低企業投資人與管理當局間的代理問題，規範董監持股的最低成數，故本研究採風險觀點，檢視董監持股率、盈餘平穩化與企業風險間的關係。盈餘平穩化可掩飾高層剽竊資產的事實，或影響外界的風險評價，進而降低資金成本。結果顯示董監持股愈高，愈傾向透過應計項目平穩營業利益，該平穩化行為亦可減緩企業風險，這意味著投資人僅基於若干會計盈餘指標進行決策，存在功能性的固著。研究結果亦顯示營業外損益減緩投資人認知風險的效果遠不如應計項目，故管理當局近來多不經由營業外損益平穩淨利。即使控制盈餘管理因素，董監持股仍與企業風險呈顯著負相關，這表示董監持股率確為反應企業風險本質的有效訊號。
    The Financial Supervisory Commission in Taiwan tries to reduce the agency problem between management and investors through the corporate governance by regulating the low limit of the stock ownership by directors and supervisors. From the angle of risk, the study tests the association between the stock ownership by directors and supervisors, earnings smoothing, and enterprise risk. Earnings smoothing may cover up the fact that the management does piracy, or reduce the cost of capital by influencing the risk evaluation. The results show that the firms with the more stock ownership by directors and supervisors tend to smooth the operating income through accrual items. Such smoothing which decreases the enterprise risk implies the function fixation, signifying that investors make decisions only by considering several indexes in accounting earnings. Research results also show that the effects of risk decrease recognized by investors by manipulating other gain or loss are less significant than the ones of accrual items. As a result, the management has not favored earnings smoothing by manipulating other gain or loss recently. Even controlling the effects of earnings management, the negative association exists between stock ownership by directors and supervisors and enterprise risk, which implies that the stock ownership by directors and supervisors is the valid signal for actual enterprise risk.
    關聯: 會計評論, 46,107-130頁
    International Journal of Accounting Studies
    資料類型: article
    顯示於類別:[會計評論] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    46-4(p.107-130).pdf327KbAdobe PDF2423檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    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 ©   - 回饋