博碩士論文 102430007 詳細資訊




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:6 、訪客IP:3.93.74.227
姓名 戴驪遇(Li-Yu Dai)  查詢紙本館藏   畢業系所 會計研究所
論文名稱 以股權構面探討未來盈餘資訊內涵:台灣上市櫃公司之實證研究
(The information content of Ownership Structure in pricing of future earnings: An Empirical Study for Firms Listed in the Taiwan Stock Exchange)
相關論文
★ 申請首次公開發行過程分析 -以LED 產業之A 公司為例★ 探討美元匯率與臺股指數變化之關係
★ 台灣血糖檢測儀產業的商業模式探討 -以產業領導廠商為例★ 台灣上市公司董監薪酬與公司績效之關聯性 -以電子零組件產業為例
★ 執行長誘因獎酬,會計師特性:沙賓法案前後期★ 審計委員會財務專家與CEO誘因薪酬:對公司績效與盈餘管理之影響
★ 財務壓力、審計與薪酬委員會成員重疊與審計品質對盈餘管理之影響:真實與應計盈餘管理★ 盈餘壓力,財務專家對盈餘管理之影響:應計盈餘管理與實質盈餘管理
★ 公司治理、高階經理人薪酬與企業績效敏感度之關連性★ 強制設置薪酬委員會對高階經理人薪酬與企業績效關係之影響
★ 獨立董事特性、高階經理人現金薪酬 與會計績效表現之關聯性★ 高階經理人誘因薪酬與審計與薪酬委員會成員重疊對公司生產效率之影響
★ 審計委員會與薪酬委員會成員重疊在經理人權益薪酬與企業風險承擔關係中扮演之角色★ 合併報表與母公司報表之資訊差異對盈餘持續性之影響
★ 雙簽制度下產業專精對查核任期與會計重編間關係之影響★ 上市IPO之盈餘管理與審計品質
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]   至系統瀏覽論文 ( 永不開放)
摘要(中) 本研究使用未來盈餘反應係數(Future Earnings Response Coefficient)實證模型來檢視股權之構成是否影響未來盈餘資訊內涵。研究樣本為台灣證券交易所之上市公司及證券櫃檯買賣中心之上櫃公司,研究結果顯示董監持股增進股票報酬與未來盈餘之關聯,而控制股東的席次控制權與現金流量權偏離對未來盈餘反應係數的影響效果為顯著負向,據此本研究支持董監持股在我國資本市場之正面資訊內涵並建議監管席次盈餘權的偏離程度。
摘要(英) This study employs future response coefficient methodology developed by Lundholm and Myers(2002) to examine whether ownership structure convey information about the firm′s future earnings to the capital markets.
Using the annual reports of listed and OTC companies in Taiwan, the results show that shareholding of directors and supervisors is associated with higher future earnings response coefficient, and the separation of ownership and control is associated with lower future earnings response coefficient.
關鍵字(中) ★ 未來盈餘反應係數
★ 股權結構
關鍵字(英) ★ Future earnings response coefficient
★ ownership structure
論文目次 第一章 緒論............................................................................................... 1
第二章 文獻回顧與研究假說 .................................................................. 4
第一節 未來盈餘反應........................................................................ 4
第二節 公司治理 ................................................................................ 5
第三章 研究設計 ...................................................................................... 8
第一節 樣本與資料來源.................................................................... 8
第二節 研究模型 ................................................................................ 9
第四章 實證結果分析 ............................................................................ 14
第一節 樣本敘述性統計及相關係數矩陣 ..................................... 14
第二節 迴歸分析 .............................................................................. 17
第五章 結論............................................................................................. 23
參考文獻 ................................................................................................... 25
參考文獻 1. 王鼎立. (2002). 董事會結構與公司盈餘的傳遞效果. 碩士論文, 東吳大學會計學系研究所.
2. 沈中華, 陳錦村, & 吳孟紋. (2005). 更早期預警模型: 台灣銀行道德指標的建立及影響. 管理學報, 22(1), 1-28.
3. 林宛瑩, & 許崇源. (2008). 台灣集團企業之控股型態及公司治理衡量指標之研究與建議. 交大管理學報, 28(1), 269-312.
4. 葉銀華, 李存修, & 柯承恩. (2002). 公司治理與評等系統. 台北: 商智文化事業股份有限公司.
5. Ball, R., & Brown, P. (1968). An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research, 6(2), 159-178.
6. Bartov, E., Radhakrishnan, S., & Krinsky, I. (2000). Investor sophistication and patterns in stock returns after earnings announcements. The Accounting Review, 75(1), 43-63.
7. Brealey, R., Leland, H. E., & Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation. journal of Finance, 32(2), 371-387.
8. Choi, B., & Kim, J. B. (2017). The Effect of CEO Stock-Based Compensation on the Pricing of Future Earnings. European Accounting Review, 26(4), 651-679.
9. Chou, T. K. (2013). Information content of credit ratings in pricing of future earnings. Review of Quantitative Finance and Accounting, 40(2), 217-250.
10. Claessens, S., Djankov, S., & Lang, L. H. (2000). The separation of ownership and control in East Asian corporations. Journal of financial Economics, 58(1-2), 81-112.
11. Claessens, S., Djankov, S., Fan, J. P., & Lang, L. H. (2002). Disentangling the incentive and entrenchment effects of large shareholdings. The journal of finance, 57(6), 2741-2771.
12. Coase, R. H. (1937). The nature of the firm. economica, 4(16), 386-405.
13. Collins, D. W., Kothari, S. P., Shanken, J. & Sloan, R. G. (1994). Lack of Timeliness and Noise as Explanations for the Low Contemporaneous Return-Earnings Association. Journal of Accounting and Economics, 18(3), 289-324.
14. Du, J., & Dai, Y. (2005). Ultimate corporate ownership structures and capital structures: Evidence from East Asian economies. Corporate Governance: An International Review, 13(1), 60-71.
15. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The journal of law and Economics, 26(2), 301-325.
16. Gelb, D. S., & Zarowin, P. (2002). Corporate Disclosure Policy and the Informativeness of Stock Prices. Review of Accounting Studies, 7(1), 33-52.
17. Hessel, C. A., & Norman, M. (1992). Financial characteristics of neglected and institutionally held stocks. Journal of Accounting, Auditing & Finance, 7(3), 313-330.
18. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
19. Jensen, M. C., & Ruback, R. S. (1983). The market for corporate control: The scientific evidence. Journal of Financial economics, 11(1), 5-50.
20. Jiambalvo, J., Rajgopal, S., & Venkatachalam, M. (2002). Institutional ownership and the extent to which stock prices reflect future earnings. Contemporary accounting research, 19(1), 117-145.
21. La Porta, R., Lopez‐de‐Silanes, F., & Shleifer, A. (1999). Corporate ownership around the world. The journal of finance, 54(2), 471-517.
22. La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. (2002). Investor protection and corporate valuation. The journal of finance, 57(3), 1147-1170.
23. Liao, Yi-Hsing, Yan-Chi Chen, & Chen-Chin Wang. (2011). The association between the information disclosure level in the annual report and information asymmetry: Evidence from private information-based trading. Taipei Economic Inquiry, 47(1), 45-9
24. Lundholm, R., & Linda Myers (2002). Bringing the Future Forward: The Effect of Disclosure on the Returns-Earnings Relation. Journal of Accounting Research, 40(3), 809-839.
25. Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of financial economics, 20, 293-315.
26. Pound, J. (1988). Proxy contests and the efficiency of shareholder oversight. Journal of financial economics, 20, 237-265.
27. Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783.
28. Vafeas, N. (2000). Board structure and the informativeness of earnings. Journal of Accounting and Public policy, 19(2), 139-160.
指導教授 盧佳琪(Chia-Chi Lu) 審核日期 2019-1-8
推文 facebook   plurk   twitter   funp   google   live   udn   HD   myshare   reddit   netvibes   friend   youpush   delicious   baidu   
網路書籤 Google bookmarks   del.icio.us   hemidemi   myshare   

若有論文相關問題,請聯絡國立中央大學圖書館推廣服務組 TEL:(03)422-7151轉57407,或E-mail聯絡  - 隱私權政策聲明