DSpace community: 會計學系暨研究所

ESG 負面事件風險對盈餘反應係數之影響

title: ESG 負面事件風險對盈餘反應係數之影響

ESG 對公司績效的影響：產業特性之探討

title: ESG 對公司績效的影響：產業特性之探討

ESG 績效是否能降低企業之債務與權益資金成本？企業生命週期觀點

title: ESG 績效是否能降低企業之債務與權益資金成本？企業生命週期觀點 abstract: 本研究旨在探討企業透過執行ESG相關活動之績效，是否能有效降低公司之債務與權益資金成本。本研究以2015年至2022年之台灣上市櫃公司為觀察對象，結果發現企業整體ESG績效及環境面績效，皆與權益資金成本呈顯著負相關，社會面績效及公司治理面績效與權益資金成本則未達顯著關係；而企業所有的ESG績效皆與債務資金成本呈顯著負相關；本研究也以企業生命週期衡量公司之營運波動度，研究結果發現當企業處於營運波動度較高之企業生命週期時，ESG績效無法有效降低權益資金成本，而不論處於營運波動度高或低的企業生命週期，ESG績效皆能降低債務資金成本，此結果表示投資人與債權人對於企業之ESG活動，會有不同之解讀，希冀透過本研究之實證發現，能提供未來學術研究及實務操作更細微之思考方向。

Do executive or industry expert auditors matter for new clients? Evidence from the business life cycle

title: Do executive or industry expert auditors matter for new clients? Evidence from the business life cycle abstract: This study examines how firms at different life-cycle stages select between executive auditors—who possess hierarchical authority—and industry expert auditors, and how these choices shape subsequent reporting outcomes. While new clients generally avoid both types, incorporating life-cycle heterogeneity reveals distinct patterns: growth firms preferentially engage expert auditors, declining firms favor executive auditors; and mature firms exhibit broader, non-exclusive demand for both, with a stronger tilt toward executive auditors. Analyses of accrual-based outcomes show that executive auditors allow greater negotiated discretion only for low-risk clients, whereas expert auditors consistently constrain opportunistic reporting across risk conditions. These inferences remain robust when accounting for endogeneity using entropy balancing and when applying an alternative life-cycle classification. Overall, the evidence demonstrates how life-cycle dynamics shape auditor contracting and how auditor attributes differentially influence financial reporting quality.

ESG績效是否能降低企業之債務與權益資金成本？企業生命週期觀點

title: ESG績效是否能降低企業之債務與權益資金成本？企業生命週期觀點 abstract: 本研究旨在探討企業透過執行ESG相關活動之績效，是否能有效降低公司之債務與權益資金成本。本研究以2015年至2022年之台灣上市櫃公司為觀察對象，結果發現企業整體ESG績效及環境面績效，皆與權益資金成本呈顯著負相關，社會面績效及公司治理面績效與權益資金成本則未達顯著關係；而企業所有的ESG績效皆與債務資金成本呈顯著負相關；本研究也以企業生命週期衡量公司之營運波動度，研究結果發現當企業處於營運波動度較高之企業生命週期時，ESG績效無法有效降低權益資金成本，而不論處於營運波動度高或低的企業生命週期，ESG績效皆能降低債務資金成本，此結果表示投資人與債權人對於企業之ESG活動，會有不同之解讀，希冀透過本研究之實證發現，能提供未來學術研究及實務操作更細微之思考方向。

碳排放對企業財務表現與價值之影響-兼論企業自主減排之調節效果

title: 碳排放對企業財務表現與價值之影響-兼論企業自主減排之調節效果

企業環境績效、生命週期與價值攸關性：ESG在不同財務風險的角色

title: 企業環境績效、生命週期與價值攸關性：ESG在不同財務風險的角色

董事會多元性是否降低 ESG 風險及漂綠

title: 董事會多元性是否降低 ESG 風險及漂綠

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

title: 合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

title: 合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

Do ESG and Innovation Matter in Times of Crisis? Evidence from Bank Participation in COVID-19 Bailout Programs

title: Do ESG and Innovation Matter in Times of Crisis? Evidence from Bank Participation in COVID-19 Bailout Programs

The relationship between directors interlocked with low comparability peers, tax-specific industry experts, and firms' information environment

title: The relationship between directors interlocked with low comparability peers, tax-specific industry experts, and firms' information environment abstract: According to diffusion theory, network ties allow networked firms to learn vicariously from each other's experiences through the diffusion of new knowledge, and ties related to the transfer of tacit and complex knowledge, such as tax-planning strategies, are particularly beneficial. Since the knowledge of tax-planning strategies and experience in implementing tax-planning strategies can be shared among firms via their network ties, especially through board interlocks, following Brown and Drake (2014), this study evinces that a firm's tax avoidance behavior is related to its directorate ties to low-tax firms. Furthermore, this paper reveals that the influence of board interlocks on tax avoidance depends on certain characteristics of the firm's ties, such as ties formed by executive directors, ties to low-tax firms engaging the same auditor, and ties to the firm's low-tax family members. The empirical results of this study not only add evidence on network ties to the accounting literature but also can help explain part of the observed variation in corporate

家族成員經理人、專業經理人對家族企業 ESG 專一化程度及績效之影響：兼論經理人過度自信

title: 家族成員經理人、專業經理人對家族企業 ESG 專一化程度及績效之影響：兼論經理人過度自信

設計思考導入運動志工課程之教學實踐與學生素養成效

title: 設計思考導入運動志工課程之教學實踐與學生素養成效

Non-Parametric Inference on Risk Measures for Integrated Returns.

title: Non-Parametric Inference on Risk Measures for Integrated Returns. abstract: When evaluating the market risk of long-horizon equity returns, it is always diﬃcult to provide a statistically sound solution due to the limitation of the sample size. To solve the problem for the value-at-risk (VaR) and the conditional tail expectation (CTE), Ho et al. (2016, 2018) introduce a general multivariate stochastic volatility return model from which asymptotic formulas for the VaR and the CTE are derived for integrated returns with the length of integration increasing to inﬁnity. Based on the formulas, simple non-parametric estimators for the two popular risk measures of the long-horizon returns are constructed. The estimates are easy to implement and shown to be consistent and asymptotically normal. In this chapter, we further address the issue of testing the equality of the CTEs of integrated returns. Extensive ﬁnite-sample analysis and real data analysis are conducted to demonstrate the eﬃciency of the test statistics we propose.

獨立董事反對意見與企業永續發展績效之關聯性

title: 獨立董事反對意見與企業永續發展績效之關聯性

連鎖董事是否會影響ESG之執行成效？

title: 連鎖董事是否會影響ESG之執行成效？

合法權力會計師之價值攸關性是否存在外溢效果?企業生命週期觀點

title: 合法權力會計師之價值攸關性是否存在外溢效果?企業生命週期觀點

公司治理評鑑系統是否存在示警及預警之監督功能?

title: 公司治理評鑑系統是否存在示警及預警之監督功能?

獨立董事連結關係與查核會計師簽證網絡關係是否會影響企業之盈餘管理行為？

title: 獨立董事連結關係與查核會計師簽證網絡關係是否會影響企業之盈餘管理行為？ abstract: 過去研究多僅針對獨立董事個人或會計師個人為企業帶來之影響進行探討，而本文不侷限於「個人」，而是以人與人之間透過學習或工作經驗而產生之「連結關係」或「合作關係」作為探討主軸。本文旨在比較公司之內部監督職能—獨立董事的社會性連結關係，以及外部監督角色—查核會計師的簽證網絡關係，以探討此二各別關係及其交互作用對於企業在進行應計項目盈餘管理之影響。實證發現，總經理與獨立董事若存在專業連結，會允許公司進行向上之裁決性應計數；若進一步觀察會計師簽證網絡關係之交互作用，發現當總經理與獨立董事存在專業連結且主簽會計師之一階簽證網絡關係愈高時，愈不會允許公司調整盈餘向上。希冀透過本文之實證發現，提供實務界及政府主關機關等利害關係人，對於未來獨立董事之資格要件及獨立性品質之認定標準，以及查核會計師選任規範上，更多細微之思考方向。

Do the Social Ties of Interlocking Independent Directors Influence Contagion Effect of Earnings Management?

title: Do the Social Ties of Interlocking Independent Directors Influence Contagion Effect of Earnings Management?

The Impact of Management and Auditor Gender on Earnings Management: Evidence from China

title: The Impact of Management and Auditor Gender on Earnings Management: Evidence from China

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

title: ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

董事會多元性是否會影響 ESG 績效

title: 董事會多元性是否會影響 ESG 績效

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

title: ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

Horngren成本會計學(下)

title: Horngren成本會計學(下) abstract: 本書暢銷多年，訓練學生利用專業成本會計獲取利益並迎接挑戰。新版改版重點有：一、討論買賣業與服務業的比重增加：配合世界經濟，增加買賣業與服務業的案例。例如以支付雲端計算服務說明線性成本函數；以某家放款公司為例，利用大數據分析說明收入管理。二、加強對永續性的重視：永續性是未來十年重要之管理議題，須持續發展與執行來達成企業在財務、社會與環境等方面之長期目標。本書提到環境成本之認列與會計處理；設定目標激勵抑減碳排放，以具成本效益的方式建立「綠」家園。三、著重創新：探究會計觀念與制度如何推動與支援企業創新活動。本書提到制定創新決策時，發展非財務性指標的重要性；以及改善品質所需要的流程創新。四、最新主題：第17版反映組織中成本會計角色之改變。例如利用大數據與資料分析管理收入並預測成本趨勢；永續性策略與協助企業執行永續性目標之方法；以及轉撥計價策略如何協助多國籍公司降低稅負。

Horngren成本會計學(上)

title: Horngren成本會計學(上) abstract: 本書暢銷多年，訓練學生利用專業成本會計獲取利益並迎接挑戰。新版改版重點有：一、討論買賣業與服務業的比重增加：配合世界經濟，增加買賣業與服務業的案例。例如以支付雲端計算服務說明線性成本函數；以某家放款公司為例，利用大數據分析說明收入管理。二、加強對永續性的重視：永續性是未來十年重要之管理議題，須持續發展與執行來達成企業在財務、社會與環境等方面之長期目標。本書提到環境成本之認列與會計處理；設定目標激勵抑減碳排放，以具成本效益的方式建立「綠」家園。三、著重創新：探究會計觀念與制度如何推動與支援企業創新活動。本書提到制定創新決策時，發展非財務性指標的重要性；以及改善品質所需要的流程創新。四、最新主題：第17版反映組織中成本會計角色之改變。例如利用大數據與資料分析管理收入並預測成本趨勢；永續性策略與協助企業執行永續性目標之方法；以及轉撥計價策略如何協助多國籍公司降低稅負。

郵政考試享唸: 企業管理大意

title: 郵政考試享唸: 企業管理大意

Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry

title: Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry abstract: Based on the “social construction of technology” perspective, this study explores the intricate interaction between technological ecosystems and capital markets. It argues that technological innovation fosters the emergence of socio-technical systems with internal dynamics and external environmental influences. Notably, the capital market plays a crucial role within these systems. To ensure efficient operation, information on technological advancements and financial markets needs to circulate freely. This research employs econometric analysis to investigate the co-movement between technological trajectories, the Philadelphia Semiconductor Index (SOX), and the Nasdaq Composite Index (IXIC). By analyzing these key market indicators, the study aims to shed light on the interplay between technological management ecosystems and the macro-economic environment. This analysis contributes to a deeper understanding of how technological developments shape ecosystems and how these ecosystems, in turn, interact with capital market dynamics.

Forecasting Trend of Technological Momentum for Semiconductor Industry

title: Forecasting Trend of Technological Momentum for Semiconductor Industry abstract: The relationship between technology and society is multifaceted. This study acknowledges the influence of both human actors and internal system dynamics on technological progress. While some scholars emphasize either technological determinism or social constructivism, this research adopts a balanced perspective informed by the work of Hughes [1]. Hughes highlights the agency of individuals, governments, and corporations in shaping technology, but also introduces the concept of momentum in sociotechnical systems. This momentum suggests an autonomous evolutionary force within the system, independent of direct human control. To explore this concept, the study utilizes econometric analysis of time series data on patents granted in the semiconductor industry. The goal is to unveil and forecast the trajectory of technological momentum within this industry. By analyzing these trends, the research aims to provide a deeper understanding of the interplay between human influence and the inherent momentum of sociotechnical systems.

Exporting the Innovative Momentum: The Case in the Semiconductor Industry

title: Exporting the Innovative Momentum: The Case in the Semiconductor Industry abstract: The semiconductor industry has evolved in technological intricacy, which has rarely been examined. The current study argues that technological development follows the ontological rule to improve the existing features. A longitudinal study is required to explore the changes in the technological trajectory. It adopts two major approaches to measuring the chaos of the technological trajectory: Lyapunov exponents and the Chow test. The innovation trajectory has changed from the order phase to the chaotic phase. Since 2018, many countries have faced a shortage of IC chips, prompting discussions on self-reliance in chip production as part of national development policies. This issue serves as an incentive to understand the evolution of the semiconductor industry and its current state. The implications of this study can help authorities initiate relatively industrial policy and provide incumbents to thoughtfully consider their technological network strategy and latecomers to precisely posit their technological niche.

Technological Intricacy and Technological Regime Changes

title: Technological Intricacy and Technological Regime Changes abstract: The evolution of technology demonstrates changes in technological efficiency and reflects mutations in firms' behaviors. Over the past four decades, the semiconductor industry has undergone changes characterized by fragmentation opportunities, transient appropriability, and segmental cumulativeness. However, the understanding of which firm behaviors drive these industry changes remains insufficient. This study aims to investigate how the technology-intensive industry evolves. The perspective of the technology network provides an analytic framework for understanding this knowledge-based industry. The implications of current industry features suggest that firms should strategize within specific technological niches.

Unleashing the Synergy of Technological Advancement and Capital Market Forces: A Comprehensive Analysis of the Semiconductor Industry

title: Unleashing the Synergy of Technological Advancement and Capital Market Forces: A Comprehensive Analysis of the Semiconductor Industry

Synergizing Technology and Capital: Delving into the Semiconductor Industry's Financial Landscape.

title: Synergizing Technology and Capital: Delving into the Semiconductor Industry's Financial Landscape.

受控外國公司法規對公司股價及投資決策之影響

title: 受控外國公司法規對公司股價及投資決策之影響

The Impact of Corporate Tax Evasion on Tax Avoidance Behavior of Industrial Peer Firms.

title: The Impact of Corporate Tax Evasion on Tax Avoidance Behavior of Industrial Peer Firms.

Do Critical Audit Matters Resolve Investors’ Concerns over Audit Quality? Evidence from Financial Restatements in the U.S.

title: Do Critical Audit Matters Resolve Investors’ Concerns over Audit Quality? Evidence from Financial Restatements in the U.S.

受控外國公司法規對公司股價、投資決策及利潤重新配置之影響

title: 受控外國公司法規對公司股價、投資決策及利潤重新配置之影響 abstract: 本文旨在探討營利事業受控外國公司所得之課稅規定（簡稱營利事業CFC制度）對公司股價報酬、海外投資決策及利潤重新配置之影響。本文之研究結果顯示，我國上市櫃公司中境外收益匯回傾向愈低且在營利事業CFC制度實施前有較大之租稅利益者，其在營利事業CFC制度相關事件日之負向市場反應相對較大。其次，本文亦發現租稅利益愈大者，其公司會在營利事業CFC制度實施前一年及當年減少受控外國公司之投資額及利潤，顯示境外匯回股利傾向以及稅負差異是影響公司海外投資及利潤配置之重要因素。

Gender differences in sleep behaviors under China's universal two-child policy

title: Gender differences in sleep behaviors under China's universal two-child policy abstract: Since 2016, China has progressively relaxed family planning policies to stimulate birth rates. This paper examines the behavioral health repercussions of China’s 2016 universal two-child policy (UTCP) by analyzing sleep pattern data from China Family Panel Studies. Napping is a composite indicator that denotes health outcomes, job quality, and personal well-being. It reveals work conditions and environments to some extent. UTCP may lead to heightened social expectations regarding pregnancy likelihood, and changes in social expectations within the workplace may make work environments less equitable and more stressful for females. Leveraging a difference-in-difference model, this paper explores how napping behaviors among the working-age cohort have responded to the policy shifts. Our analysis reveals a gender discrepancy in response to the policy, specifically, females exhibit a discernible reduction in the likelihood of napping, as well as in the duration of both daytime naps and daily sleep. Conversely, such effects are not significant among males. These results suggest policy consequences extend beyond individuals directly impacted by childbirth or contemplating parenthood. Hence, while promoting fertility is still the government’s goal, policymakers are encouraged to consider the broader challenges the female population faces from social and workplace environment factors.

A specific role of village doctors in reducing disparities: a quantile regression analysis of end-of-life medical care

title: A specific role of village doctors in reducing disparities: a quantile regression analysis of end-of-life medical care abstract: Background In developing countries, the delivery of medical care to rural residents has been experiencing long-standing challenges and disparities. Since the 1960s, China has established the village doctors’ system to provide preventive and primary care to improve rural residents’ health. Nevertheless, how village doctors affect the medical spending and the end-of-life (EOL) quality for older people in rural China has not received sufficient attention. Family care has long been the mainstream of old age care in rural China, the accessibility to appropriate medical care is hence crucial. Village doctors are the most accessible medical care providers for rural older people. As a result, this study aims to uncover the importance of village doctors in EOL medical care for rural older people in China. Methods The analysis is based on the Chinese Longitudinal Healthy Longevity Survey (CLHLS), which has national representativeness and contains information about the oldest old at an average age of 80 in China, with available information from 2002 to 2019. We adopt the quantile regression to illustrate the heterogeneous impacts of village doctors on the EOL medical care spending from the distribution perspective. We then employ the ordered logit model and ordinary least squares regression to estimate the effects of village doctors on rural older people’s EOL life quality measured by the status before dying and the number of bedridden days. Results We find that the EOL medical care spending is significantly increased by the presence of village doctors, especially high-quality ones. The disparities in the EOL medical care in rural and urban China are significantly reduced by high-quality village doctors. However, high-quality village doctors are still insufficient to meet the needs of rural older people regarding the high-end EOL medical care. The empirical results suggest that village doctors can significantly improve older people’s quality of life before death in rural China. Conclusion Our analysis highlights the importance of village doctors in providing EOL medical care to older people in rural China. It is crucial for governments to improve the village doctors’ system, so that older residents in rural China can obtain high-quality EOL medical care services in their own communities and have a better quality of life before death.

DSpace community: 會計學系暨研究所

ESG 負面事件風險對盈餘反應係數之影響

ESG 對公司績效的影響：產業特性之探討

ESG 績效是否能降低企業之債務與權益資金成本？ 企業生命週期觀點

Do executive or industry expert auditors matter for new clients? Evidence from the business life cycle

ESG績效是否能降低企業之債務與權益資金成本？企業生命週期觀點

碳排放對企業財務表現與價值之影響-兼論企業自主減排之調節效果

企業環境績效、生命週期與價值攸關性：ESG在不同財務風險的角色

董事會多元性是否降低 ESG 風險及漂綠

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

Do ESG and Innovation Matter in Times of Crisis? Evidence from Bank Participation in COVID-19 Bailout Programs

The relationship between directors interlocked with low comparability peers, tax-specific industry experts, and firms' information environment

家族成員經理人、專業經理人對家族企業 ESG 專一化程度及績效之影響：兼論經理人過度自信

設計思考導入運動志工課程之教學實踐與學生素養成效

Non-Parametric Inference on Risk Measures for Integrated Returns.

獨立董事反對意見與企業永續發展績效之關聯性

連鎖董事是否會影響ESG之執行成效？

合法權力會計師之價值攸關性是否存在外溢效果?企業生命週期觀點

公司治理評鑑系統是否存在示警及預警之監督功能?

獨立董事連結關係與查核會計師簽證網絡關係是否會影響企業之盈餘管理行為？

Do the Social Ties of Interlocking Independent Directors Influence Contagion Effect of Earnings Management?

The Impact of Management and Auditor Gender on Earnings Management: Evidence from China

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

董事會多元性是否會影響 ESG 績效

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

Horngren成本會計學(下)

Horngren成本會計學(上)

郵政考試享唸: 企業管理大意

Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry

Forecasting Trend of Technological Momentum for Semiconductor Industry

Exporting the Innovative Momentum: The Case in the Semiconductor Industry

Technological Intricacy and Technological Regime Changes

Unleashing the Synergy of Technological Advancement and Capital Market Forces: A Comprehensive Analysis of the Semiconductor Industry

Synergizing Technology and Capital: Delving into the Semiconductor Industry's Financial Landscape.

受控外國公司法規對公司股價及投資決策之影響

The Impact of Corporate Tax Evasion on Tax Avoidance Behavior of Industrial Peer Firms.

Do Critical Audit Matters Resolve Investors’ Concerns over Audit Quality? Evidence from Financial Restatements in the U.S.

受控外國公司法規對公司股價、 投資決策及利潤重新配置之影響

Gender differences in sleep behaviors under China's universal two-child policy

A specific role of village doctors in reducing disparities: a quantile regression analysis of end-of-life medical care

ESG 績效是否能降低企業之債務與權益資金成本？企業生命週期觀點

受控外國公司法規對公司股價、投資決策及利潤重新配置之影響