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| Title: | 執行長過度自信、盈餘管理與發行美國存託憑證之關係
The association among CEO’s overconfidence, earnings management and the issuance of American Depositary Receipts |
| Authors: | 林彙傑 |
| Contributors: | 林禹銘
林彙傑 |
| Keywords: | 美國存託憑證
過度自信
盈餘管理
American Depositary Receipts
overconfidence
earnings management |
| Date: | 2016 |
| Issue Date: | 2016-07-01 14:56:32 (UTC+8) |
| Abstract: | 本文主要目的係探討過度自信之管理者，是否傾向發行美國存託憑證，以及發行美國存託憑證之公司，是否會進行盈餘管理。本文衡量過度自信的方法，為公司之資產成長率；衡量盈餘管理的方法，則參照Zang (2012) 之研究，分為應計項目盈餘管理與實質盈餘管理；在實質盈餘管理方面，分別測試單一變數及合併變數。本研究之對象為1993年至2015年，中國在美國發行存託憑證之公司。實證結果發現，具過度自信管理者之中國公司，較願意赴美發行存託憑證，進入此較具競爭力之市場；除此之外，中國在美國發行存託憑證之公司，不管在應計項目，或實質項目方面，皆較不傾向進行盈餘管理。
The main purpose of this study is to examine whether the overconfident managers tend to issue American Depositary Receipts (ADRs), and whether the firms issuing ADRs tend to conduct earnings management.
In this paper, I employ the rate of asset growth as the proxy to measure overconfidence of managers, and follow the methods by Zang (2012) to measure earnings management including real earnings management and accrual earnings management. In addition, single variables and combined variables are used to test real earnings management. The research samples consist of Chinese firms which released ADRs for the period 1993 - 2015.
The empirical results show that Chinese firms with overconfident managers tend to issue ADRs, indicating they are willing to enter the competitive market. The results also show that Chinese firms which issue ADRs are less likely to conduct real earnings management and accrual earnings management. |
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| Description: | 碩士
國立政治大學
會計學系
103353012 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G1033530121 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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