投資人情緒對會計保守性之影響

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姓名

江宗霖(CHIANG, TSUNG-LIN) 查詢紙本館藏

畢業系所

企業管理學系

論文名稱

投資人情緒對會計保守性之影響
(The Impact of Investor Sentiment on Accounting Conservatism)

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摘要(中)

本研究探討投資人情緒對會計保守性之影響；以往相關研究多為投資人情緒與公司之揭露政策間的關聯性，本研究以此類研究為基礎，觀察與公司揭露政策息息相關的會計保守性是否亦會受到投資人情緒之影響。本研究使用三種衡量會計保守性之方法，分別為市場基礎、應計基礎以及盈餘不對稱反應等模型。實證結果顯示，投資人情緒越高，公司之會計保守性越高；顯示公司不希望公司股價因市場情緒而過於偏離其應有價值，因此在投資人情緒高時，會希望透過更加保守之會計緩和股價偏離的現象。

摘要(英)

This study investigates the impact of investor sentiment on accounting conservatism; previous studies focused on be investigating the association between investor sentiment and disclosure policy. This study is base on those previous studies, examining whether accounting conservatism, which is highly related with disclosure policy, will also be influenced by investor sentiment. This study uses three conservatism measures: market-based measure, and accrual-based measure, and measure of asymmetric timeliness of earnings. This results showed that firms with higher investor sentiment have higher accounting conservatism.

關鍵字(中)

★ 投資人情緒
★ 會計保守性

關鍵字(英)

★ investor sentiment
★ accounting conservatism

論文目次

第一章、緒論 1
第二章、文獻探討 4
2-1　　會計保守性 4
2-2 投資人情緒 6
第三章、假說發展 10
第四章、研究方法 12
4-1　　會計保守性之三種衡量方式 12
4-1-1　以市場為基礎的會計保守性衡量法(CONMKT) 12
4-1-2　以應計項目為基礎的保守會計衡量法(CONACC) 13
4-1-3　盈餘回歸報酬衡量法(NI) 13
4-2　　投資人情緒之衡量方式 14
4.3　　實證模型與變數定義 15
4-4　　資料來源與樣本選取 19
第五章、實證結果與分析 21
5-1　　樣本敘述性統計與相關係數分析 21
5-2　　實證結果分析 25
第六章、結論 29
文獻參考 31

參考文獻

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指導教授

曹壽民(TSAO,SHOU-MIN)

審核日期

2014-6-27

推文