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    题名: 自由現金流量對內部股權結構與財報品質間的調節效果
    The moderating effect of free cash flow on the relation between ownership structure and financial reporting quality
    作者: 賴品蓁
    贡献者: 張清福
    賴品蓁
    关键词: 自由現金流量
    財報品質
    財報重編
    內部股權結構
    Free cash flow
    Financial reporting quality
    Financial restatements
    Ownership structure
    日期: 2013
    上传时间: 2014-08-12 14:01:35 (UTC+8)
    摘要: 本研究以財報重編為財報品質之代理變數，探討自由現金流量是否對內部股權結構與財報品質的關係具有調節效果，期望藉助對於自由現金流量調節效果之了解，以利報表閱讀者更適當地解讀財報訊息，瞭解財報之品質。
    實證結果顯示，自由現金流量對內部股權結構與財報品質間確實具有顯著的調節效果，尤其是董、監持股率與董事兼任經理人這兩項因素對於財報品質之關係，很受到自由現金流量之影響。自由現金流量本身與財報重編呈顯著負相關，自由現金流量愈高，財報重編的可能性愈低。但自由現金流量所引發的代理問題，反而可能對董、監持股率、董事兼任經理人與財報品質間的關係產生負面的調節效果，即財報重編的可能性顯著提高。但自由現金流量對於經理人持股率與財報品質間的關係不具有顯著的調節效果。
    This study examines whether free cash flow has the moderating effect on the relation between ownership structure and financial reporting quality, using financial restatements as a proxy for financial reporting quality. This study tries to interpret earnings information more appropriately through more understanding on the moderating effect of free cash flow.
    The study shows that free cash flow exactly has the moderating effect on the relation between ownership structure and financial reporting quality, especially for stocks holding ratio by directors and supervisors and CEO duality. Firms having more free cash flow are less likely to restate statements. However, free cash flow might trigger agency problem, which might having negative moderating effects, causing higher possibilities to restate statements. Otherwise, the finding of this study shows that there is no significantly moderating effect on the relation between managerial ownership and financial reporting quality.
    參考文獻: 一、中文部分:
    胡詠喬，2008，財務報表重編與舞弊風險因子關聯性之研究，私立中原大學會計研究所碩士論文。
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    陳明輝，2009，企業社會責任與財務報表品質之關聯性分析-以財報重編為例。國立成功大學會計研究所碩士論文。
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    描述: 碩士
    國立政治大學
    會計研究所
    100353040
    102
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G1003530401
    数据类型: thesis
    显示于类别:[會計學系] 學位論文

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