未來盈餘反應係數與審計任期

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姓名

陳志啟(Zhi-Chi Chen) 查詢紙本館藏

畢業系所

會計研究所

論文名稱

未來盈餘反應係數與審計任期
(Future Earnings Response Coefficient with Audit Tenure)

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
★ 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	★ 財稅差異與現金流量及盈餘持續性

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摘要(中)

本篇研究目的係探討審計任期對於公司未來盈餘是否具有資訊性，以及股票市場對於查核人員輪調制度之觀感為何。本研究藉由衡量審計任期對於當期股票報酬率與未來盈餘間關係之影響以驗證此議題。此外，台灣制度規定查核報告須揭露兩位簽證會計師之姓名，因此使用台灣之上市櫃公司作為樣本，將有助於使此議題由事務所層面延展至合夥人層面。我們的結果顯示審計任期(即主查會計師、協簽會計師與事務所任期)提升未來盈餘反應係數，並且以事務所任期之效果最為顯著。我們的證據意味著對於投資者來說，審計任期為一種正面的訊號，意即審計任期愈長，公司未來盈餘愈被高度地評價。此結果全然不支持查核人員輪調政策。

摘要(英)

With a view to exploring if audit tenure is informative about future earnings and the perception of stock market on auditor rotation policy, our study examines these issues by investigating the effect of audit tenure on the relationship between current period stock return rates and future earnings. Moreover, by using a sample of listed and OTC companies in Taiwan, where the audit reports are stipulated to reveal two audit partners’ names, we can extent this issue from CPA-firm level to partners level. Our results show that any type of audit tenure (i.e. lead, coordinating audit partners and CPA-firm tenure) enhances the FERC (Future Earnings Response Coefficient) and the CPA-firm tenure is the most significant one. Our evidence implies that audit tenure is a positive signal for investors. That is, the longer the audit tenure is, the higher the future earnings are valued, which is entirely opposed to the auditor rotation policy

關鍵字(中)

★ 審計任期
★ 未來盈餘反應係數
★ 查核人員輪調

關鍵字(英)

★ Audit Tenure
★ Future Earnings Response Coefficient
★ Auditor Rotation

論文目次

中文摘要----------------------------------------------------------------------------------------------------i
Abstract----------------------------------------------------------------------------------------------------ii
誌謝辭-----------------------------------------------------------------------------------------------------iii
目錄---------------------------------------------------------------------------------------------------------iv
表目錄------------------------------------------------------------------------------------------------------v
一、緒論---------------------------------------------------------------------------------------------------1
二、美國及台灣制度差異------------------------------------------------------------------------------4
2-1. 簽證制度-------------------------------------------------------------------------------------- 4
2-2. 輪調制度-------------------------------------------------------------------------------------- 5
三、文獻回顧與假說發展------------------------------------------------------------------------------8
3-1. 主查及協簽會計師---------------------------------------------------------------------------8
3-2. 簽證事務所------------------------------------------------------------------------------------9
四、研究設計--------------------------------------------------------------------------------------------11
4-1. 未來盈餘反應係數--------------------------------------------------------------------------11
4-2. 研究設計及結果預測-----------------------------------------------------------------------11
五、敘述性統計-----------------------------------------------------------------------------------------14
六、實證結果--------------------------------------------------------------------------------------------18
6-1. 未來盈餘反應係數與主查會計師任期--------------------------------------------------18
6-2. 未來盈餘反應係數與協簽會計師任期--------------------------------------------------18
6-3. 未來盈餘反應係數與事務所任期--------------------------------------------------------19
6-4. 未來盈餘反應係數與主查會計師、協簽會計師及事務所任期 ------------------20
七、穩健性測試-----------------------------------------------------------------------------------------26
7-1. 自願輪調期間樣本--------------------------------------------------------------------------27
7-2. 強制輪調期間樣本--------------------------------------------------------------------------27
八、結論--------------------------------------------------------------------------------------------------38
參考文獻--------------------------------------------------------------------------------------------------40

參考文獻

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指導教授

郭南廷(Nan-Ting Kuo)

審核日期

2015-7-2

推文