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博碩士論文 etd-0712105-160313 詳細資訊
Title page for etd-0712105-160313
論文名稱
Title
銀行業與金控業之企業資訊揭露與盈餘管理的關係
The Relationship between Earnings Management and Information Disclosure in Banks and Financial Holding Corporations
系所名稱
Department
畢業學年期
Year, semester
語文別
Language
學位類別
Degree
頁數
Number of pages
56
研究生
Author
指導教授
Advisor
召集委員
Convenor
口試委員
Advisory Committee
口試日期
Date of Exam
2005-06-12
繳交日期
Date of Submission
2005-07-12
關鍵字
Keywords
none
earnings management, financial holding industry, banks, information disclosure
統計
Statistics
本論文已被瀏覽 5689 次,被下載 13
The thesis/dissertation has been browsed 5689 times, has been downloaded 13 times.
中文摘要
none
Abstract
Abstract
This thesis is examining not only the relationship between earnings management and information disclosure but also which information disclosure dimensions influence earnings management in banks and financial holding corporations. I classified the information into five dimensions and they are independent variables in this thesis. Due to different industrial characteristics among financial and other industries, I didn’t use The Healy Model ( 1985), The Jones Model (1991), The DeAngelo Model(1986), The Modified Jones (1995) Model to estimate earnings management. Instead, I choose eight proxies selected in Liu’s paper (1999), and they are Bad Debt, Provisions of Other Loss, Gain on Disposal of Investment, Loss on Disposal of Investment, Gain -Disposal of Fixed Asset, Loss -Disposal of Fixed Asset, Gain on Trading S-T Investment, Loss on Trading S-T Investment as the earnings management proxies for financial industry. Hence, I also chose those proxies as my earnings management proxies.
The results show that the total scores of information disclosure are not related to earnings management in banks and financial holding corporations. On the other hands, it is the score of information disclosure dimensions related to earnings management. It demonstrates that different information disclosure dimensions influence the earnings management in different ways for banks and financial holding corporations.




Key words: earnings management, information disclosure, banks, financial holding industry
目次 Table of Contents
Contents
Chapter 1 Introduction 9
1.1 Motivation and Background 9
1.2 Objective 11
Chapter 2 Literature Review 12
2.1 Information Disclosure 12
2.2 Earnings management 13
2.3 The relationship between earnings management and information disclosure 14
2.4 Why do I choose banks and financial holding corporations as sample companies? 14
2.5 The importance of annual reports and website information 15
2.6 What are my proxies of earnings management? 16
Chapter 3 Research Design 18
3.1 The structure of the Thesis 18
3.2 Hypotheses 20
3.3 Sample Analysis and Variables Measurement 24
3.4 Statistical Analysis 29
Chapter 4 Result and Analysis 31
4.1 Data Analysis 31
4.3 Regression Analysis 39
Chapter 5 Conclusion and Research limitation 49
5-1 Summary and conclusion 49
5-2 Research limitation 51
Reference 52
參考文獻 References
Reference
Articles in Chinese
Chen, W.M., 2003. The effect of the amount of disclosed information on earning management and stock price volatility. Unpublished, Master Thesis of National Taiwan University.
Lee, M.P., 2002. The test of the earnings management and information effect in banking industry. Unpublished ,Master Thesis of National Sun Yat-Sen University.
Liu, C.C., 1999. The Seasonal Analysis of Interim Income Items in Taiwan Banking Industry. The International Journal of Accounting Studies 31:64-79
Shie, S.A., 2001. The seasonal analysis of earnings management and market reaction in Taiwan banking industry. Unpublished, Master Thesis of National Taiwan University.
Tsai, K.Z., 2002. The Relationship Between Corporate Disclosure and Earnings Management. Unpublished , Master Thesis of National Dong Hwa University.
Wang, Y.S., 2003. Insider Trading, Earnings Quality, and Market Valuation. Unpublished , Master Thesis of National Taiwan University.
Articles in English
Boot, Arnoud W. A.; Anjan V Thakor, 2001. The Many Faces of Information Disclosure. Review of Financial Studies 14(Winter):1021-1057
Botosan, Christine A., 1997. Disclosure Level and the Cost of Equity Capital. Accounting Review 72 (July): 323-349
Burgstahler, D. and I. Dichev 1997, Earnings Management to avoid earnings decrease and loss. Journal of Accounting and Economics 24(1): 99-126
Callen, J., J. Livnat, and S. Ryan. 1994. The Intra-year Timing of Capital Expenditures: An Agency Problem? Mimeo, New York University (January).
Chaua, Gerald K., Gray, Sidney J. 2002. Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore. The International Journal of Accounting.37:247-265.
Chiang, H. T., 2005.. An Empirical Study of Corporate Governance and Corporate Performance The Journal of American Academy of Business, Cambridge 6 (March); 95-101
Conyon, Martin J, Graham V. Sadler, 2001.CEO Compensation, Incentives and information Disclosure. Review of Financial Economics 10(August); 251-277.
DeAngelo (1986), “Accounting Numbers as Market Valuation Substitutes:A study of Management Buyouts of Public Stockholders”, The Accounting Review(July):400-420.
Dechow, Sloan, and Sweeney (1995), “Detecting Earning Management”, The Accounting Review(April):193-225,
Elliott, R. and Peter Jacobson, 1994, Costs and Benefits of Business Information Disclosure, The Accounting Horizons (December):80-96
Fried, D.,M. Schiff, and A. Sondhi. 1989. Impairments and Writeoffs of Long-Lived Assets, Bold Step Series, National Association of Accountants, Montvale: New Jersey.
Gerald J. Lobo and Jian Zhou , 2001. Disclosure and Earnings Management. Working paper(August).
Givoly, Dan; Joshua Ronen;Allen Schiff, 1978. Does Audit Involvement Affect the Quality of Interim Report Numbers? Journal of Accounting, Auditing & Finance 1,(Summer):361
Haniffa, R.M., T.E. Cooke, 2002. Culture, Corporate Governance and Disclosure in Malaysian Corporations. Abacus 38(October):317-350
Healy, P. 1985. The Effect of Bonus Schemes on Accounting Decisions. Journal of Accounting and Economics 7 (April): 85-107
Healy, P. and J. Wahlen. 1999. A review of the earnings management literature and its implications for standard setting. Accounting Horizons (December): 365-383.
Healy, Paul M.,Palepu, Krishna G, 2001, Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics (September): 405-440
Hunton , James E. , Libby , Robert and Mazza , 2004 Cheri R., Financial Reporting Transparency and Earnings Management. Working paper (October).
Imhoff, E. Jr. and J. Thomas. 1994. Accounting Quality. In Asset Valuation. Stephen A. Butler, ed. The Center for Economic and Management Research, The University of Oklahoma: 25-53.
Jones (1991),“Earnings Management during Import Relief Investigation”, Journal of Accounting Research: 193-228.
Kang, S., and K. Sivaramarishnan. 1995. Issues in Testing Earnings Management and an Instrumental Variable Approach. Journal of Accounting Research 33 (Autumn):353-367
Kasznik, Ron, 1999. On the Association Between Voluntary Disclosure and Earnings Management. Journal of Accounting Research 37 (Spring ): 57-81
Knutson, P.,1992. Financial Reporting in 1990’s and Beyond. New York NY: Association for Investment Management and Research.
Lang, M. and R. Lundholm, 1993. Cross-sectional determinants of analyst ratings of corporate disclosure. Journal of Accounting Research 31:246-271.
Liu, C., S. G. Ryan, and J. M. Wahlen. 1997. Differential Valuation Implications of Loan Loss Provisions across Banks and Fiscal Quarters. The Accounting Review 72 (January): 133-14
Mendenhall, R., and W., Nichols. 1988. Bad News and Differential Market Reactions to Announcement of Earlier-Quarter versus Fourth-Quarter Earnings. Journal of Accounting Research 26 (Supplement):63-86.
Young, Michael R., 2000, Accounting Irregularities and the Future of Financial Reporting, Harcourt Professional Publishing: San Diego, New York, Chicago,London, 266
Penman, S., 1984. Abnormal Returns to Investment Strategies Based on the Timing of Earnings Reports. Journal of Accounting and Economics 6 (December):165-184
Schipper, K., 1989. Commentary on Earnings Management. Accounting Horizons 3 (December): 91-102
Seyhun, H. Nejat, 1986. Insiders' Profits, Costs of Trading, and Market Efficiency. Journal of Financial Economics 16 (June): 189
Singhvi, Surendra Singh , 1968. Corporate Disclosure Through Annual Reports in the United States of America and India. Journal of Finance 23(June):551-552
Wahlen, James M.1994. The Nature of Information in Commercial Bank Loan Loss Disclosures. Accounting Review 69(July):455-478
Watts and Zimmerman (1978),”Towards a Positive Theory of the Determination of Accounting Standards”, The Accounting Review, pp 52-77.
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