本計畫為三年期專案，擬探討經理人樂觀傾向、家族企業特性對公司財務決策與盈餘管理之影響。第一年度將研究經理人樂觀傾向、家族企業特性對股票購回之影響，第二年針對經理人樂觀傾向、家族企業特性對公司舉債行為之影響，而最後一年則著重在經理人樂觀傾向、家族企業特性對公司盈餘管理之影響。以往文獻探討行為財務學與公司財務決策者相當有限，但這是一個很值得研究的主題（Kim and Nofsinger, 2008）。此外，中國大陸現為舉世注目的焦點，學術研究也不例外。因此，本計畫第三年度擬將大陸上市公司納入研究對象，將之與國內企業樣本結合，加以比較，使得研究成果更能獲得國際學術界的肯定。本計畫將再進行更進一步的文獻探討、建立更完整的觀念性架構與嚴謹的假說推理。接著，本計畫將選取樣本與蒐集資料，並進行各種計量分析。最後，準時交出期中與期末報告。本計畫之研究結果，預期將有助於對經理人樂觀傾向、家族企業特性對公司財務決策與盈餘管理之影響、甚至進一步對兩岸企業差異的瞭解。儘管在本計畫中，經理人樂觀傾向 (managerial optimism) 的代理變數 (proxy) 取得不易，然而本研究團隊將盡量加以克服、力求突破，以期在投稿國際高水準的期刊中，能獲得具體的成果。This is a three-year project on the influences of managerial optimism and family business characteristics on financial decisions and earnings management. The influence of managerial optimism and family business characteristics on share repurchase will be investigated in the first year, that of managerial optimism and family business characteristics on capital structure decision will be examined in the second year, and that of managerial optimism and family business characteristics on earnings management will be studied in the third year. There is little literature available on the influences of behavioral finance on corporate financial decisions and this is an interesting topic worth examining. In addition, China has attracted the attention from the whole world, therefore, we will make comparisons between Chinese companies and Taiwanese firms on the influences mentioned above so as to enhance our research quality. After conducting more carefully literature review, building better concept framework and developing more solid hypotheses, sample will be selected and data will be collected. Econometric methods will be utilized to analyze data. Finally, interim and final reports will be completed on time. The findings in this project will be expected to extend our knowledge on the influences of managerial optimism and family business characteristics on financial decisions and earnings management, as well as on the comparisons with the companies between China and Taiwan. 研究期間 : 9808 ~ 9907
