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| Title: | 內部控制制度有效性與新上市櫃公司績效關聯性之探討
The Association between the Effectiveness of Internal Control and the Performance of IPOs |
| Authors: | 胡文馨
Hu, Wen Hsing |
| Contributors: | 林宛瑩
胡文馨
Hu, Wen Hsing |
| Keywords: | 內部控制缺失
公司治理
經營績效
internal control weaknesses
corporate governance
firm performance |
| Date: | 2012 |
| Issue Date: | 2013-09-02 16:14:37 (UTC+8) |
| Abstract: | 本研究以2002年至2010年國內新上市櫃公司為樣本，收集公開說明書特別記載事項中「最近三年度會計師提出之內部控制改進建議」為內控缺失資料來源，以上市櫃後兩年度平均資產報酬率為績效衡量指標，探討有無內部控制缺失（ICW_DMY）對上市櫃後經營績效之影響。而後進一步將內部控制缺失以COSO報告架構依五大要素及五大目標予以分類以及判斷缺失涉及之內部控制循環作業，判斷缺失是否重大（ICW_M），並探討其對上市櫃後經營績效之影響。
實證研究結果顯示，內部控制缺失與上市櫃後二年平均資產報酬率呈現顯著負相關，亦即相較於無內部控制缺失，內部控制有缺失之公司其後續經營績效較差，而相較於無重大缺失，內部控制有重大缺失之公司後續經營績效較差。
This research investigates the impact of the existence of internal control weaknesses (ICW_DMY) on firms’ operating performance based on the sample of Taiwanese companies which were initial public offering (IPO) over the period of 2002-2010. This study collects “the internal control improvement advises proposed by CPA” stated in IPO statutory prospectus as the source of internal control weaknesses, and the measurement of operating performance is the two-year-average return on asset post-IPO. According to the COSO internal control framework, there are five control elements and five control objects. In this study, weaknesses are identified whether they are material by means of the number of control elements, control objects and business cycles the weaknesses are involved. This research investigates the impact of the material control weaknesses (ICW_M) on firms’ post-IPO performance.
The empirical results indicate that the existence of internal control weaknesses are significantly and negatively related to the post-IPO two-year average return on asset. That means firms with internal control weaknesses are significantly underperformed. It is also found that firms with material internal control weaknesses are significantly underperformed. |
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| Description: | 碩士
國立政治大學
商管專業學院碩士學位學程(AMBA)
99380033
101 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0099380033 |
| Data Type: | thesis |
| Appears in Collections: | [管理碩士學程/商管專業學院碩士學位學程 AMBA] 學位論文
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