博碩士論文 104460010 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:5 、訪客IP:34.229.151.87
姓名 葉芳錦(Fang-Jin Yeh)  查詢紙本館藏   畢業系所 會計研究所企業資源規劃會計碩士在職專班
論文名稱 申請首次公開發行過程分析 -以LED 產業之A 公司為例
(The Analysis of Applying for Initial Public Offering –A Case Study of Company A in the LED Industry)
相關論文
★ 探討美元匯率與臺股指數變化之關係★ 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★ 股東可扣抵稅額減半政策之事件研究
★ 執行長及財務長之誘因薪酬差距,內部控制缺失與盈餘管理★ 共同成員及執行長誘因薪酬
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) 本研究為探討國內企業申請首次公開發行(Initial Public Offering, IPO)之過程,企業藉由在資本市場上市(櫃)掛牌交易,向不特定大眾公開募集資金,這過程稱為首次公開發行。為了設置健全的股票市場以及保障投資大眾的權益,我國主管機關對於企業申請掛牌上市(櫃)的資格訂有一定的標準且必須通過主管機關的審核,股票才能掛牌上市(櫃)交易。換而言之,企業必須符合相關資格條件及經過繁瑣的上市(櫃)過程,企業才能將掛牌上市(櫃),向社會大眾募集資金。
本研究選取一家LED 產業的公司推行上櫃過程為實例,分析個案公司選擇上櫃之原因,及其為了通過主管機關審查掛牌上櫃所為之努力成效。而個案公司至今仍未上櫃,本研究進一步分析個案公司未能上櫃之原因,發現公司為了上櫃後可以獲得較高的承銷價而從事不適當的盈餘管理行為,以致失去上櫃資格。
摘要(英) This study analyzes the process of the domestic enterprises to apply for initial public offering (IPO). The process by which private enterprises go public by sale of their stocks to general public is called IPO. In Taiwan, to set up a sound stock market and protect the
interests of investors, the authorities formulate IPO criteria and audit the IPO applications. Therefore, the enterprises must meet the requirements and go through the complicated procedures so that they can go IPO to raise capital.
This study selects a company in the LED industry as an example. We analyze the reasons why the company may choose to list on Taipei Exchange and the result that the company puts efforts into meeting the listing qualifications. Eventually, the company doesn’t submit the listing application, so this study examines the cause further. The major cause is that the company engages in inappropriate earnings management in order to get a higher evaluation.
關鍵字(中) ★ 首次公開發行
★ 盈餘管理
關鍵字(英)
論文目次 中文摘要 ............................................. I
英文摘要 ............................................ II
誌謝 ............................................... III
目錄 ................................................ IV
圖目錄 ............................................... V
表目錄 .............................................. VI
一、緒論 ............................................. 1
1.1 研究背景與動機 ................................... 1
1.2 研究目的 ......................................... 1
1.3 論文架構 ......................................... 2
1.4 研究流程 ......................................... 2
二、文獻及相關規定探討 ................................ 3
2.1 文獻探討 ......................................... 3
2.1.1 首次公開發行之動機 .............................. 3
2.1.2 首次公開發行之盈餘管理 .......................... 5
2.2 首次公開發行之規定及流程 ........................... 8
2.2.1 首次公開發行之規定 .............................. 8
2.2.2 首次公開上市(櫃)股票之承銷流程 .................. 15
三、個案分析 ......................................... 20
3.1 A 公司的背景介紹 ................................. 20
3.2 A 公司所屬行業之產業概況 .......................... 20
3.3 A 公司選擇上櫃之原因 .............................. 25
3.4 A 公司準備上櫃之努力 ............................. 29
3.5 A 公司未能成功上櫃的原因 .......................... 42
四、結論與建議 ....................................... 49
4.1 結論 ............................................ 49
4.2 建議 ............................................ 49
參考文獻 ............................................. 50
參考文獻 中文文獻
1. 林盈志,1997,台灣公司股票上市原因之研究,台灣大學財務金融學系碩士論文。
2. 林志勳,2011,全球LED 市場及臺灣LED 產業發展趨勢,IEK 產業經濟與趨勢研究中心,能源報導。
3. 黃惠君,1995,公司上市前後盈餘操縱與上市後營運績效及盈餘操縱動機之關聯性研究,台灣大學會計研究所士論文。
英文文獻
1. Aharony, J., Lin, C. J., & Loeb, M. P. (1993). Initial public offerings, accounting choices, and earnings management. Contemporary Accounting Research, 10(1), 61-81.
2. Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread. Journal of Financial Economics, 17(2), 223-249.
3. Arbel, A., Carvell, S., & Strebel, P. (1983). Giraffes, institutions and neglected firms. Financial Analysts Journal, 57-63.
4. Baker, H. K., & Edelman, R. B. (1992). AMEX-to-NYSE transfers, market microstructure, and shareholder wealth. Financial Management, 60-72.
5. Baker, H. K., & Johnson, M. (1990). A survey of management views on exchange listing. Quarterly Journal of Business and Economics, 3-20.
6. Baker, H. K., Powell, G. E., & Weaver, D. G. (1999). Does NYSE listing affect firm visibility? Financial Management, 46-54.
7. Benninga, S., Helmantel, M., & Sarig, O. (2005). The timing of initial public offerings. Journal of Financial Economics, 75(1), 115-132.
8. Chemmanur, T. J., & Fulghieri, P. (1999). A theory of the going-public decision. Review of Financial Studies, 12(2), 249-279.
9. Dharan, B. G., & Ikenberry, D. L. (1995). The long‐run negative drift of post‐listing stock returns. The Journal of Finance, 50(5), 1547-1574.
10. DuCharme, L. L., Malatesta, P. H., & Sefcik, S. E. (2001). Earnings management: IPO valuation and subsequent performance. Journal of Accounting, Auditing & Finance,
16(4), 369-396.
11. Elyasiani, E., Hauser, S., & Lauterbach, B. (2000). Market response to liquidity improvements: Evidence from exchange listings. Financial Review, 35(1), 1-14.
12. Friedlan, J. M. (1994). Accounting choices of issuers of initial public offerings.
Contemporary Accounting Research, 11(1), 1-31.
13. Grammatikos, T., & Papaioannou, G. (1986). Market reaction to NYSE listings: Tests of the marketability gains hypothesis. Journal of Financial Research, 9(3), 215-227.
14. Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting Horizons, 13(4), 365-383.
15. Ibbotson, R. G., & Ritter, J. R. (1995). Initial public offerings. Handbooks in Operations Research and Management Science, 9, 993-1016.
16. Jain, B. A., & Kini, O. (1994). The post‐issue operating performance of IPO firms. The Journal of Finance, 49(5), 1699-1726.
17. Kao, J. L., Wu, D., & Yang, Z. (2009). Regulations, earnings management, and post-IPO performance: The Chinese evidence. Journal of Banking & Finance, 33(1), 63-76.
18. Loughran, T., & Ritter, J. R. (1995). The new issues puzzle. The Journal of Finance, 50(1), 23-51.
19. McConnell, J. J., & Sanger, G. C. (1987). The puzzle in post‐listing common stock returns. The Journal of Finance, 42(1), 119-140.
20. Myers, S. C. (1984). The capital structure puzzle. The Journal of Finance, 39(3), 574-592.
21. Pagano, M., Panetta, F., & Zingales, L. (1998). Why do companies go public? An empirical analysis. The Journal of Finance, 53(1), 27-64.
22. Rajan, R. G. (1992). Insiders and outsiders: The choice between informed and arm′s-length debt. The Journal of Finance, 47(4), 1367-1400.
23. Ritter, J. R., & Welch, I. (2002). A review of IPO activity, pricing, and allocations. The Journal of Finance, 57(4), 1795-1828.
24. Roosenboom, P., van der Goot, T., & Mertens, G. (2003). Earnings management and initial public offerings: Evidence from the Netherlands. The International Journal of Accounting, 38(3), 243-266.
25. Schipper, K. (1989). Commentary on earnings management. Accounting Horizons, 3(4), 91-102.
26. Strategies Unlimited. (2011). High-brightness LED market review and forecast 2011, Strategies Unlimited.
27. Teoh, S. H., Welch, I., & Wong, T. J. (1998). Earnings management and the long‐run market performance of initial public offerings. The Journal of Finance, 53(6), 1935-1974.
28. Titman, S., & Trueman, B. (1986). Information quality and the valuation of new issues. Journal of Accounting and Economics, 8(2), 159-172.
29. Van Horne, J. C. (1970). New listings and their price behavior. The Journal of Finance, 25(4), 783-794.
30. Wong, J. (2012). Operating performance of initial public offering companies. Journal of Modern Accounting and Auditing, 8(1), 46.
網路資料
1. 公開資訊觀測站, http://mops.twse.com.tw/mops/web/index
2. 中華民國證券商業同業公會,http://www.csa.org.tw/
3. 全國法規資料庫,http://law.moj.gov.tw/
4. 金融監督管理委員會,http://www.fsc.gov.tw/ch/index.jsp
5. 產業價值鏈資訊平台, http://ic.gretai.org.tw/index.php
6. 證券櫃檯買賣中心,http://www.tpex.org.tw/web/
7. 鉅亨網,http://www.cnyes.com/
8. 臺灣證券交易所, http://www.twse.com.tw/
9. LEDinside,http://www.ledinside.com.tw/
指導教授 盧佳琪 審核日期 2017-7-13
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