政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/53250
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109948/140897 (78%)
Visitors : 46098264      Online Users : 794
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/53250


    Title: 同業競爭對手迎合或擊敗盈餘預期與經理人獎酬之研究
    Other Titles: The Effects of Rivals` Meeting/Beating Earnings Expectations on Executive Compensation
    Authors: 梁嘉紋;金成隆
    Contributors: 國立政治大學會計學系
    行政院國家科學委員會
    Keywords: 迎合或擊敗盈餘預期;分析師預測;同業競爭對手;相對績效衡量;獎酬契約設計
    meeting/beating earnings expectation;analysts` forecasts;rival firms;relative performance evaluation;incentive contract design
    Date: 2010
    Issue Date: 2012-06-26 14:57:48 (UTC+8)
    Abstract: 過去研究顯示，公司經營績效若未達分析師的盈餘預期，會對經理人的獎酬與任期 產生不利之影響，這顯示經理人為了迎合或擊敗分析師的盈餘預測可能會產生盈餘操縱 的動機。另外，相對績效衡量的文獻則指出，在衡量經理人的績效時，同業公司的表現 具有額外的資訊意涵，所以在衡量公司經理人績效時應將同業的績效納入考量。本研究 的目的即在探討當公司盈餘未達分析師預期時，經理人獎酬的減少是否會因競爭對手迎 合或擊敗分析師預測的情況而有所不同。本研究擬從Hoover’s Handbook of Business 及 10-K reports 逐筆收集樣本公司其競爭對手的資訊。研究預期當公司經營績效未能達到 分析師的盈餘預測，若競爭對手迎合或擊敗分析師預測的比例越高時，經理人獎酬會有 越大的負面影響。本研究預期能讓我們對以分析師盈餘預測作為績效衡量之標準 (performance benchmark)有更深入的了解，並有助於我們瞭解這樣的獎酬契約設計可能 造成的盈餘管理動機。此外，本研究亦希望藉由探討公司迎合或擊敗分析師預測與否是 否具有傳達其他同業競爭公司績效的資訊意涵，對相對績效衡量與資訊移轉方面的文獻 有所貢獻。
    Recent studies show that missing analysts’ forecasts has an incremental adverse impact on CEO compensation and CEO retention beyond the general pay-performance sensitivities. This provides evidence on the precise incentives that lead CEOs to manage earnings to meet or beat analysts’ earnings forecasts (MBE). Yet, the relative performance evaluation (RPE) literature suggests that managers should be evaluated on a relative basis because the performance of peer firms reveals additional information about managerial performance. The purpose of this study is to investigate whether rival firms’ meeting/beating analysts’ forecasts affects CEO compensation. In this study, we will hand collect information from Hoover’s Handbook of Business or the firm’s 10-K report to better identify rival firms. We expect that missing analysts’ forecasts has a more adverse effect on CEO compensation when a greater percentage of rival firms meeting/beating analysts’ forecasts. We believe that this study will enhance our understanding on the use of analysts’ forecasts as a performance benchmark for executive compensation and the evidence from this study will contribute to the extensive research in accounting that examines managerial incentives to meet analysts’ forecasts. We also believe that this study will contribute to the relative performance literature and the information transfer literature by examining whether firms’ meeting or missing analysts’ expectations provides information about the performance of other firms in the same industry
    Relation: 應用研究
    學術補助
    研究期間:9908~ 10007
    研究經費:468仟元
    Data Type: report
    Appears in Collections:[Department of Accounting] NSC Projects

    Files in This Item:

    File Description SizeFormat
    99-2410-H004-087.pdf431KbAdobe PDF2667View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback