內部控制與盈餘組成份子評價

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姓名

李家綺(Chia-chi Lee) 查詢紙本館藏

畢業系所

會計研究所

論文名稱

內部控制與盈餘組成份子評價
(Internal Control and the Pricing of Earnings' Components)

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摘要(中)

本文以2004-2009年美國上市櫃公司為研究樣本，排除不符合選樣標準之樣本公司後，總共2,297個觀察值，探討公司內部控制品質與裁決性應計項目評價間之關聯性。本文採用考量績效表現後之橫斷面Modified Jones Model (Kothari et al, 2005)來估計裁決性應計項目。並以會計師所出具之內部控制查核意見報告中，是否提及內部控制出現重大缺失，作為判斷樣本公司內部控制是否有效或無效的依據。實證結果發現，內部控制有效之公司其裁決性應計項目與未來獲利能力間之關聯性大於內部控制無效之公司。由於，外部投資人無法直接觀察管理階層的自由裁量行為究竟是傳遞私有資訊，亦或是從事投機性盈餘管理，所以，內部控制在減輕外部投資人代理成本的問題上扮演著相當重要的角色。高品質的內部控制可限制管理階層從事投機性應計項目報導，提升裁決性應計項目的資訊價值。

摘要(英)

This study examined whether there is a linkage between internal control quality and pricing of discretionary accruals. We selected 2,297 public listed and OTC companies from 2004 to 2009 in the United States as the research samples to conduct the empirical analysis. We not only used Modified Jones Model with ROA developed by Kothari et al. (2005) to estimate the discretional accruals, but also utilized external audit reports on internal control to determine the effectiveness of internal control. We found the greater association between discretionary accruals and future profitability for firms with effective internal control than those with ineffective internal control. Since the outside investors cannot distinguish the manager’s discretionary behavior between delivering private information and managing opportunistic earnings management. Internal control plays the important role in mitigating these agency costs. High-quality internal control can enhance the information value of discretionary accruals by constraining aggressive and opportunistic reporting of accruals by managers.

關鍵字(中)

★ 內部控制
★ 未來獲利能力
★ 盈餘管理
★ 裁決性應計項目

關鍵字(英)

★ Internal control
★ Future profitability
★ Earnings management
★ Discretionary accruals

論文目次

中文摘要 i
ABSTRACT ii
致謝辭 iii
目　錄 iv
表目錄 v
一、緒論 1
二、文獻探討 5
2-1　內部控制與應計項目之品質 5
2-2　衡量裁決性應計項目之文獻 8
2-3　裁決性應計項目之評價 13
三、假說發展 15
四、選樣與研究方法 18
4-1　資料來源及樣本 18
4-2　變數衡量 20
4-2-1　裁決性應計項目之衡量 20
4-3　實證模型 22
4-3-1　測試假說一之模型 22
五、實證結果與分析 24
5-1　敘述統計分析 24
5-2　實證模型結果 26
5-3　穩健性檢定 28
5-3-1　修正內部控制重大缺失後對裁決性應計項目評價之影響 28
5-3-2　內部控制品質是否會影響營運活動現金流量與非裁決性應計項目之評價 31
5-3-3　加入其他控制變數後，對實證結果之影響 34
六、結論與未來研究建議 36
6-1　研究結論 36
6-2　研究限制 37
6-3　研究建議 37
參考文獻 39

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指導教授

曹壽民、鄭漢鐔
(Shou-min Taso、Hann-tarn Jeng)

審核日期

2011-6-23

推文