English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 51296/86402 (59%)
造訪人次 : 8156904      線上人數 : 164
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/93359


    題名: Does Corporate Governance Affect the Relationship Between Earnings Management and Firm Performance? An Endogenous Switching Regression Model,Review of Quantitative Finance and Accounting
    作者: Tang, Hui-wen;Chang, Chong-chuo
    貢獻者: 淡江大學保險學系
    關鍵詞: Corporate governance;Earnings management;Firm performance;Endogenous switching regression model;Discretionary current accruals
    日期: 2015-07-01
    上傳時間: 2013-12-27 16:07:02 (UTC+8)
    出版者: Springer New York LLC
    摘要: This study investigates whether corporate governance affects the relationship between earnings management and firm performance by using Taiwanese data. We used an endogenous switching regression model to classify firms into strong and weak governance regimes based on an endogenously determined threshold. The results show that discretionary accruals (DAs) and discretionary current accruals (DCAs) have significantly negative effects on return on assets (ROA) and Tobin’s q for firms in a weak governance regime. This implies that managers in weakly governed firms are more likely to abuse accounting discretion than those in strongly governed firms, leading to decreased firm performance. Managers prefer using DCAs rather than DAs to window-dress financial earnings, but this causes a greater reversal of corporate value in the subsequent period. Conversely, DAs and DCAs are positively and significantly related to firm performance in a strong governance regime. This indicates that managers under strong governance typically exercise optimal accounting choices to respond to varied economic conditions, or to avoid costly debt-covenant violations, potentially enhancing firm value.
    關聯: Review of Quantitative Finance and Accounting 45(1), pp.33-58
    DOI: 10.1007/s11156-013-0427-z
    顯示於類別:[保險學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    index.html0KbHTML62檢視/開啟
    index.html0KbHTML38檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋