財稅差異與現金流量及盈餘持續性

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：60

、訪客IP：3.141.24.134

姓名

鍾林安(Lin-Am Chung) 查詢紙本館藏

畢業系所

會計研究所

論文名稱

財稅差異與現金流量及盈餘持續性
(The Book-tax Differences on the Persistence of Earnings and Cash flows)

相關論文

★ 財務預測與會計師核閱	★ 盈餘持續性與財稅差異
★ 公司會計品質對於負債到期日結構之影響	★ 審計任期與市場效率
★ 未來盈餘反應係數與審計任期	★ 上市IPO之盈餘管理與審計品質
★ 公司治理與股權結構對資訊透明度之關聯性	★ 股東可扣抵稅額減半政策之事件研究
★ 公司治理、公司避稅與現金持有	★ 國際財務報告準則(IFRS)對盈餘之影響
★ 會計資訊對系統風險之增額預測能力	★ 企業避稅及審計公費溢酬

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

[檢視]

[下載]

本電子論文使用權限為同意立即開放。
已達開放權限電子全文僅授權使用者為學術研究之目的，進行個人非營利性質之檢索、閱讀、列印。
請遵守中華民國著作權法之相關規定，切勿任意重製、散佈、改作、轉貼、播送，以免觸法。

摘要(中)

本篇研究主要探討在財稅差異較大之情況下各公司之盈餘以及現金流量是否具有持續性，此外本研究除了檢測營運現金流量的持續性外也對於營運現金流量要素對於盈餘的持續性加以研究，在本篇論文中之樣本係來自台灣產經資料庫(TEJ)中取得,本篇所採用之研究方法，係採用最小平方法回歸模型(OLS)對本篇資料進行分析，並評估公司營運現金流量之持續性與營運現金流量要素對盈餘持續性之影響。並在營運現金流量的持續性的研究結果中發現，本期稅前營運現金流量對未來現金流量的持續性是正向顯著，而進一步探討具有較大財稅差異特性之公司後發現，具有較大財稅差異之公司則較不具現金流量之持續性其現金流量之品質較不佳。
本篇論文研究之結果能提供投資人評估投資時之參考，並且藉此避免較具投資風險之公司。

摘要(英)

This thesis explores the effect of large book-tax differences on the persistence of earnings and cash flows. In addition to explore the persistence of cash flows, Data used in this thesis are retrieved from TEJ database. My research method is based in OLS. I explore the persistence of cash flows and persistence of earnings and cash flows. I also examine the persistence of cash flows on earnings. I find a positive and statistically significant persistence of current year’s operating cash flows on future operating cash flows. Furthermore, firms with larger book-tax differences have lower cash flows persistence and thus inferior quality of cash flows.
The result of this thesis helps investors to evaluate their investments and to avoid in investing firms with excessive high risks.

關鍵字(中)

★ 盈餘持續性
★ 營運現金流量
★ 財稅差異

關鍵字(英)

★ Persistence of earnings
★ Operating cash flows
★ Book-tax differences

論文目次

目錄
中文摘要 I
ABSTRACT II
誌謝 III
目錄 IV
表目錄 VI
第一章前言 1
第一節研究背景 1
第二節研究目的 1
第三節研究發現 2
第四節研究架構 2
第二章文獻回顧 4
第一節盈餘持續性 4
第二節租稅之盈餘管理 4
第三節營運現金流量之操弄 5
第四節財稅差異 8
第三章研究假說與研究方法 10
第一節研究假說 10
第二節研究方法 11
第三節台灣所得稅之估算 13
第四節研究模型與變數定義 14
第四章敘述統計 18
第一節樣本敘述 18
第二節樣本產業分配表 19
第三節樣本敘述統計表 22
第三節皮爾森相關係數矩陣 25
第五章實證結果 31
第一節有連續發布財部報表有上市櫃群組 31
第二節有連續發布財部報表無上市櫃群組 35
第三節無連續發布財部報表有上市櫃群組 39
第四節無連續發布財部報表無上市櫃群組 43
第五節合併群組 47
第六章結論 51
參考文獻 52

參考文獻

參考文獻
1. 吳幸蓁.2001.總經理薪酬績效敏感性、績效門檻與盈餘管理關聯性之
研究，國立中正大學碩士論文。
2. 周添城,徐偉初,李新仁.1989.不同企業規模、組織之賦稅分配研究，台北:行政院財政部賦稅改革委員會。
3. 陳明進,蔡麗雯.2006.財稅所得差異決定因素及課稅所得推估之研究，管理學報，第二十三卷第六期，34-52。
4. 陳明進.2009. 財務報表資料推估課稅所得之研究，管理學報，第二十六卷第六期，625-636。
5. 黃邵彥,卓佳慶,邱安安,徐維廷.2013.財稅差異與危機之關聯性研究，會計審計論叢，第三卷第二期，1-26
6. 馮志卿.1999.營運活動現金流量、應計項目、業外損益之盈餘持續性及市場效率研究，國立台灣大學碩士論文。
7. 張敏蕾,黃德芬.2007.遞延所得稅費用策略性調控與公司盈餘管理行為，當代會計，第八卷第二期，181-208
8. Backer, M., and M. Gosman. 1980. The use of financial ratios in credit downgrade decisions. Financial Management 9 (1): 53–56.
9. Barua, A., S. Lin, and A. Sbaraglia. 2010. Earnings management using discontinued operations. The Accounting Review 85 (5): 1485–1509.
10. Beaver, W. 1966. Financial ratios as predictors of failure. Journal of Accounting Research 4 (Supplement): 71–111.
11. Beaver, W., C. Shakespeare, and M. Soliman. 2006. Differential properties in the ratings of certified versus non-certified bond-rating agencies. Journal of Accounting and Economics 42 (3): 303–334.
12. Bowen, R., A. Davis, and S. Rajgopal. 2002. Determinants of revenue-reporting practices for Internet firms. Contemporary Accounting Research 19 (4): 523–562.
13. Bushee, B. 1998. The influence of institutional investors on myopic R&D investment behavior. The Accounting Review 73 (3): 305–333.
14. Call, A. 2008. The Implications of Cash Flow Forecasts for Investors’ Pricing and Managers’ Reporting of Earnings. Working paper, The University of Georgia.
15. Dechow, P. 1994. Accounting earnings and cash flows as measures of firm performance. The role of accounting accruals. Journal of Accounting and Economics 18 (1): 3–42.
16. Dechow, P., and R. Sloan. 1991. Executive incentives and the horizon problem: An empirical investigation. Journal of Accounting and Economics 14 (1): 51–89.
17. Dechow, P., and W. Ge. 2006. The persistence of earnings and cash flows and the role of special items: Implications for the accrual anomaly. Review of Accounting Studies 11 (2-3): 253–296.
18. Dechow, Patricia M. "Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals." Journal of accounting and economics 18.1 (1994): 3-42.
19. DeFond, M., and M. Hung. 2003. An empirical analysis of analysts’ cash flow forecasts. Journal of Accounting and Economics 35 (1): 73–100.
20. DeFond, M., and M. Hung. 2007. Investor protection and analysts’ cash flow forecasts around the world. Review of Accounting Studies 12 (2-3): 377–419.
21. Dhaliwal, Dan S., Cristi A. Gleason, and Lillian F. Mills.2004. "Last?Chance Earnings Management: Using the Tax Expense to Meet Analysts′ Forecasts*."Contemporary Accounting Research 21.2: 431-459.
22. Fan, Y., A. Barua, W. Cready, and W. Thomas. 2010. Managing earnings using classification shifting: Evidence from quarterly special items. The Accounting Review 85 (4): 1303–1323.
23. Gentry, J., P. Newbold, and D. Whitford. 1985. Classifying bankrupt firms with funds flow components. Journal of Accounting Research 23 (1): 146–161.
24. Gombola, M., M. Haskins, J. Ketz, and D. Williams. 1987. Cash flow in bankruptcy prediction. Financial Management 16 (4): 55–65.
25. Graham, J., C. Harvey, and S. Rajgopal. 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics 40 (1-3): 3–73.
26. Hanlon, Michelle.2005. "The persistence and pricing of earnings, accruals, and cash flows when firms have large book-tax differences." The Accounting Review 80.1 (2005): 137-166.
27. Jonas, Gregory J., and Jeannot Blanchet. "Assessing quality of financial reporting." Accounting Horizons 14.3 (2000): 353-363
28. Joseph P.H. Fan & T.J.Wong .2004.Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence From East Asia. Journal of Accounting Research43(1):35–72.
29. Lian Fen Lee.2012. Incentives to Inflate Reported Cash from Operations Using Classification and Timing. The Accounting Review Vol. 87(1): 1–33
30. Manzon Jr, Gil B., and George A. Plesko.2002. "Relation between Financial and Tax Reporting Measures of Income, Tax L. Rev. 55: 175.
31. Manzon, G.B.,JR.1992. Earnings management of firms subject to the alternative minimum tax. Journal of American Taxation Association 14:88-112
32. McInnis, J., and D. Collins. 2011. The effect of cash flow forecasts on accrual quality and benchmark beating. Journal of Accounting and Economics 51 (3): 219–239.
33. McVay, S. 2006. Earnings management using classification shifting: An examination of core earnings and special items. The Accounting Review 81 (3): 501–531.
34. Mills, Lillian F., and Kaye J. Newberry.2001. "The influence of tax and nontax costs on book-tax reporting differences: Public and private firms." Journal of the American Taxation Association 23.1: 1-19.
35. Mills, Lillian F.1998. "Book-tax differences and Internal Revenue Service adjustments." Journal of Accounting Research : 343-356.
36. Mulford, C., and E. Comiskey. 2005. Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance. Hoboken, NJ: John Wiley & Sons Inc.
37. Nurnberg, H. 2006. Perspectives on the Cash Flow Statement under FASB Statement No. 95. Columbia Business School: Center for excellence in accounting and security analysis (Occasional paper series).
38. Ohlson, J. 1980. Financial ratios and the probabilistic prediction of bankruptcy. Journal of Accounting Research 18 (1): 109–131
39. Ohlson, J., and J. Aier. 2009. On the analysis of firms’ cash flows. Contemporary Accounting Research 26 (4): 1091–1114.
40. Phillips, John, Morton Pincus, and Sonja Olhoft Rego. "Earnings management: New evidence based on deferred tax expense." The Accounting Review 78.2 (2003): 491-521.
41. Previts, G., R. Bricker, T. Robinson, and S. Young. 1994. A content analysis of sell-side financial analyst company reports. Accounting Horizons 8 (2): 55–70.
42. Revsine, L., D. Collins, and W. B. Johnson. 1999. Financial Reporting and Analysis.
43. Roychowdhury, S. 2006. Earnings management through real activities manipulation. Journal of Accounting and Economics 42 (3): 335–370.
44. Sharma, D. 2001. The role of cash flow information in predicting corporate failure: The state of the literature. Managerial Finance 27 (4): 3–28.
45. Standard & Poor’s. 2008. Corporate Ratings Criteria. New York, NY: Standard & Poor’s, McGraw-Hill. Velleman, P., and R. Welsch. 1981. Efficient computing of regression diagnostics. The American Statistician 35 (4): 234–242.
46. Wasley, C., and J. Wu. 2006. Why do managers voluntarily issue cash flow forecasts? Journal of Accounting Research 44 (2): 389–429.

指導教授

郭南廷

審核日期

2014-6-27

推文