淡江大學機構典藏:Item 987654321/93359
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 62822/95882 (66%)
造访人次 : 4016105      在线人数 : 545
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/93359


    题名: Does Corporate Governance Affect the Relationship Between Earnings Management and Firm Performance? An Endogenous Switching Regression Model
    作者: Tang, Hui-wen;Chang, Chong-chuo
    贡献者: 淡江大學保險學系
    关键词: Corporate governance;Earnings management;Firm performance;Endogenous switching regression model;Discretionary current accruals
    日期: 2015-07
    上传时间: 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), p.33-58
    DOI: 10.1007/s11156-013-0427-z
    显示于类别:[風險管理與保險學系] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    Does Corporate Governance Affect the Relationship Between Earnings Management and Firm Performance An Endogenous Switching Regression Model,Review of Quantitative Finance and Accounting.pdf472KbAdobe PDF2检视/开启
    index.html0KbHTML314检视/开启

    在機構典藏中所有的数据项都受到原著作权保护.

    TAIR相关文章

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