English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113822/144841 (79%)
Visitors : 51807979      Online Users : 395
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 140.119/136288
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/136288


    Title: 獨立董事多樣性與企業內部控制缺失數之關聯性
    The Association between Diversity of Independent Directors and Internal Control Weaknesses
    Authors: 徐慈卿
    Hsu, Tzu-Ching
    Contributors: 林禹銘
    Lin, Yu-Ming
    徐慈卿
    Hsu, Tzu-Ching
    Keywords: 獨立董事
    多樣性
    內控缺失
    Independent director
    Diversity
    Internal control weakness
    Date: 2021
    Issue Date: 2021-08-04 14:28:52 (UTC+8)
    Abstract: 美國沙氏法第404條規定上市公司之管理階層每年應針對與財務報導有關之內部控制進行評估,並出具聲明書。本研究主要探討獨立董事多樣性與企業內部控制重大缺失數之關聯性,並以2009年至2019年之美國上市公司為研究對象。實證結果發現,當獨立董事之任期多樣性越高時,企業之內控重大缺失數越少,代表獨立董事之任期多樣性與內控重大缺失數呈顯著負相關。但若聚焦於獨立董事之年齡多樣性,則與企業內控重大缺失數呈顯著正相關,意謂著當獨立董事之年齡多樣性越高,企業之內控重大缺失數越多,可能原因為當獨立董事之年齡多樣性較高時,董事會中同時存有不同年齡之獨立董事,而獨立董事間之年齡差異使其溝通不順暢,進而導致議事效率下降及決策品質不佳。
    Section 404 of the Sarbanes-Oxley Act (SOX) requires a public company’s management to assess the effectiveness of internal controls over financial reporting annually. Based on a sample of U.S. listed companies over the period of 2009-2019, this study examines the relationship between the diversity of independent directors and material weaknesses in internal controls. This study finds a significant negative association between tenure diversity of independent directors and the number of material weaknesses in internal controls, but a significant positive association between age diversity of independent directors and the number of material weaknesses in internal controls. One possible explanation is that age difference between independent directors results in poor communication, which leads to poor decision-making.
    Reference: 王怡心、吳三梅、周台俊、周靜幸、莊詠玲、陳錦烽等人(2013)。COSO 內部控制-整合架構。台北:中華民國內部稽核協會。
    中華民國行政院金融監督管理委員會(2010)。公司治理3.0-永續發展藍圖。台北:行政院金融監督管理委員會。
    朱博湧、林裕淩、王筠傑 (2015)。 獨立董事多樣性對於公司價值之研究。管理資訊計算, 4(2),頁 65-82。
    邱垂昌、莊清騄 (2010)。 獨立董監事、公司資訊透明度與公司價值之關聯性。中山管理評論, 18(4),頁 949-1008。
    邱垂昌、黃秀姿 (2006)。 自願設立獨立董事、關係人交易與公司價值關聯性之研究: 代理理論與訊號發射理論之比較。Asian Journal of Management and Humanity Sciences, 1(3),頁 379-403。
    粘季為、張元、許敏政 (2017)。 公司董事會多樣性是否有助於降低公司風險?。兩岸金融季刊, 5(3),頁 69-111。
    鄭桂蕙、余俊憲、王蘭芬 (2012)。 內部控制缺失與應計品質-獨立董監之調節效果。東吳經濟商學學報(79),頁 81-120。
    Anderson, R. C., Mansi, S. A., & Reeb, D. M. (2004). Board characteristics, accounting report integrity, and the cost of debt. Journal of accounting and economics, 37(3), 315-342.
    Armstrong, C. S., Core, J. E., & Guay, W. R. (2014). Do independent directors cause improvements in firm transparency? Journal of financial economics, 113(3), 383-403.
    Ashbaugh-Skaife, H., Collins, D. W., & Kinney Jr, W. R. (2007). The discovery and reporting of internal control deficiencies prior to SOX-mandated audits. Journal of accounting and economics, 44(1-2), 166-192.
    Ashbaugh‐Skaife, H., Collins, D. W., Kinney Jr, W. R., & LaFond, R. (2009). The effect of SOX internal control deficiencies on firm risk and cost of equity. Journal of Accounting research, 47(1), 1-43.
    Bear, S., Rahman, N., & Post, C. (2010). The impact of board diversity and gender composition on corporate social responsibility and firm reputation. Journal of Business Ethics, 97(2), 207-221.
    Bhat, K. U., Chen, Y., Jebran, K., & Memon, Z. A. (2019). Board diversity and corporate risk: evidence from China. Corporate Governance: The international journal of business in society, 20(2), 280-293.
    Carter, D. A., D`Souza, F., Simkins, B. J., & Simpson, W. G. (2010). The gender and ethnic diversity of US boards and board committees and firm financial performance. Corporate governance: An international review, 18(5), 396-414.
    Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate governance, board diversity, and firm value. Financial review, 38(1), 33-53.
    Chen, Y., Eshleman, J. D., & Soileau, J. S. (2016). Board gender diversity and internal control weaknesses. Advances in accounting, 33, 11-19.
    Chen, Y. Y., Knechel, W. R., Marisetty, V. B., Truong, C., & Veeraraghavan, M. (2017). Board Independence and Internal Control Weakness: Evidence from SOX 404 Disclosures. Auditing-a Journal of Practice & Theory, 36(2), 45-62. doi:10.2308/ajpt-51577
    Choi, J. J., Park, S. W., & Yoo, S. S. (2007). The value of outside directors: Evidence from corporate governance reform in Korea. Journal of financial and Quantitative Analysis, 941-962.
    Cotter, J. F., Shivdasani, A., & Zenner, M. (1997). Do independent directors enhance target shareholder wealth during tender offers? Journal of financial economics, 43(2), 195-218.
    DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of accounting and economics, 3(3), 183-199.
    Doyle, J., Ge, W., & McVay, S. (2007). Determinants of weaknesses in internal control over financial reporting. Journal of accounting and economics, 44(1-2), 193-223. doi:10.1016/j.jacceco.2006.10.003
    Doyle, J. T., Ge, W., & McVay, S. (2007). Accruals quality and internal control over financial reporting. The accounting review, 82(5), 1141-1170.
    Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of director diversity and firm financial performance. Corporate governance: An international review, 11(2), 102-111.
    Farag, H., & Mallin, C. (2016). The impact of the dual board structure and board diversity: Evidence from Chinese initial public offerings (IPOs). Journal of Business Ethics, 139(2), 333-349.
    Feng, M., Li, C., & McVay, S. (2009). Internal control and management guidance. Journal of accounting and economics, 48(2-3), 190-209. doi:10.1016/j.jacceco.2009.09.004
    Ge, W., & McVay, S. (2005). The disclosure of material weaknesses in internal control after the Sarbanes‐Oxley Act. Accounting Horizons, 19(3), 137-158.
    Goh, B. W. (2008). Audit committees, boards of directors, and remediation of material weaknesses in internal control. Contemporary Accounting Research, 26(2), 549-579.
    Gul, F. A., Srinidhi, B., & Ng, A. C. (2011). Does board gender diversity improve the informativeness of stock prices? Journal of accounting and economics, 51(3), 314-338.
    Harjoto, M. A., Laksmana, I., & Yang, Y.-w. (2018). Board diversity and corporate investment oversight. Journal of Business Research, 90, 40-47.
    Harrison, D. A., & Klein, K. J. (2007). What`s the difference? Diversity constructs as separation, variety, or disparity in organizations. Academy of management review, 32(4), 1199-1228.
    Hoitash, U., Hoitash, R., & Bedard, J. C. (2009). Corporate governance and internal control over financial reporting: A comparison of regulatory regimes. The accounting review, 84(3), 839-867. doi:10.2308/accr.2009.84.3.839
    Hu, G., Yuan, R., & Xiao, J. Z. (2017). Can independent directors improve internal control quality in China? The European Journal of Finance, 23(7-9), 626-647.
    Huang, J.-K., Cheng, J.-H., & Huang, K.-P. (2019). The Voluntary Appointment of Independent Directors, Foreign Ownership and Corporate Performance: Evidence from Taiwan. International Journal of Organizational Innovation, 11(4), 180-195.
    Ji, J., Peng, H., Sun, H., & Xu, H. (2021). Board tenure diversity, culture and firm risk: Cross-country evidence. Journal of International Financial Markets, Institutions and Money, 70, 101276.
    Khlif, H., & Samaha, K. (2019). Board independence and internal control quality in Egypt: does CEO duality matter? International Journal of Law and Management, 61(2), 345-358.
    Kim, H., & Lim, C. (2010). Diversity, outside directors and firm valuation: Korean evidence. Journal of Business Research, 63(3), 284-291.
    Klein, A. (2002). Economic determinants of audit committee independence. The accounting review, 77(2), 435-452.
    Krishnan, J. (2005). Audit committee quality and internal control: An empirical analysis. The accounting review, 80(2), 649-675. doi:DOI 10.2308/accr.2005.80.2.649
    Li, N., & Wahid, A. S. (2018). Director tenure diversity and board monitoring effectiveness. Contemporary Accounting Research, 35(3), 1363-1394.
    Liu, Y., Miletkov, M. K., Wei, Z., & Yang, T. (2015). Board independence and firm performance in China. Journal of Corporate Finance, 30, 223-244.
    Ogneva, M., Subramanyam, K. R., & Raghunandan, K. (2007). Internal control weakness and cost of equity: Evidence from SOX Section 404 disclosures. The accounting review, 82(5), 1255-1297.
    Poletti-Hughes, J., & Briano-Turrent, G. C. (2019). Gender diversity on the board of directors and corporate risk: A behavioural agency theory perspective. International Review of Financial Analysis, 62, 80-90.
    Terjesen, S., Couto, E. B., & Francisco, P. M. (2016). Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity. Journal of Management & Governance, 20(3), 447-483.
    Vafeas, N. (2003). Length of board tenure and outside director independence. Journal of Business Finance & Accounting, 30(7‐8), 1043-1064.
    Xie, B., Davidson III, W. N., & DaDalt, P. J. (2003). Earnings management and corporate governance: the role of the board and the audit committee. Journal of Corporate Finance, 9(3), 295-316.
    Xu, Y., Zhang, L., & Chen, H. (2018). Board age and corporate financial fraud: An interactionist view. Long Range Planning, 51(6), 815-830.
    Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of financial economics, 40(2), 185-211.
    Zhang, Y., Zhou, J., & Zhou, N. (2007). Audit committee quality, auditor independence, and internal control weaknesses. Journal of accounting and public policy, 26(3), 300-327.
    Description: 碩士
    國立政治大學
    會計學系
    108353004
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0108353004
    Data Type: thesis
    DOI: 10.6814/NCCU202101061
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    File Description SizeFormat
    300401.pdf1865KbAdobe PDF20View/Open


    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