| dc.description.abstract | From 1988 to 1999, there were many incidents about accounting fraud in Taiwan. Those incidents caused the investors and country’s economy to suffer the enormous losses. In the recent year, the incidents of financial fraud appear again in Taiwan, therefore accounting manipulation become the important study in the academic community. When the investors and financial institutions do not detect the inappropriate financial statements, they may suffer the investing losses, extremely cause economic recession. Consequently, to discriminate the appropriate accounting information is the objective of this research.
There are 32 accounting manipulation variables of 8 categories in this research. We use t-test, chi-square test, and Wilcoxon Singed–Ranks test to sieve the fitting variables to detect the accounting manipulations which affect the investors to make the investing decision. In following sections, we use the multi-regression analysis to select the remarkable variables which influence the companies to be engaged in the accounting manipulations. The public debts and Bank loans samples of this research are picked from the TEJ and SEC database separately. And we use the season financial data to analyze the accounting manipulation of those sample companies in the four different classifications.
In the empirical results, there are only the first (except the RECPC and RECSLSPC variable), the third, forth, and sixth category, and the NILESSCFFO variable of the seventh category and the IVSMAG variable of the eighth category which can detect the accounting manipulation of sample companies remarkably. In the multi-regression analysis of this research, we find that the sample companies of different financial stress would be affected by different explanatory variables. However the common explanatory variables in past empirical researches still play the important roles to explain the level of accounting manipulation, for example: the company size variable, the debt/equity variable, and the holding percentage of the directors. Besides, we also find that the electronic industry variable is the remarkable variable to explain the degree of accounting manipulation in those sample companies. Hence, the investors and financial institutions must select the suitable variables to analyze the accounting manipulations in order to make the proper investment decisions. | en_US |