政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/66905
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 109951/140892 (78%)
造访人次 : 46199512      在线人数 : 854
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU 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
    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/66905


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/66905


    题名: 穩健會計與員工認股權
    其它题名: Accounting Conservatism and Employee Stock Option
    作者: 陳昭蓉;許崇源
    Chen, Chao-Jung;Hsu, Chung-Yuan
    贡献者: 會計系
    关键词: 穩健會計;員工認股權;會計資訊
    Accounting Conservatism;Stock Option;Accounting Information
    日期: 2014.07
    上传时间: 2014-06-25 10:23:17 (UTC+8)
    摘要: 從2008年初開始，台灣企業給與員工之紅利與認股權，其會計處理改按公允價值費用化，但規範員工認股權會計處理之財務會計準則公報第39號，卻容許企業於該公報（含草案）對外發布到2007年底過渡期間所發行之員工認股權，於2008年後仍不需按公允價值費用化，導致企業在此期間發放之員工認股權較過去大幅增加，其決定因素與資本市場之反映為何，值得探討。本文探討公司會計穩健程度與2007年第39號公報過渡期間發放員工認股權之相關性與市場反應。實證結果發現，當公司穩健程度愈高時，愈不會在2007年發放員工認股權。我們也發現市場投資人對於利用2007年過渡期間發放員工認股權且穩健程度較低的公司之評價較低，但對會計穩健程度較高的公司，即使於過渡期間發放認股權，市場仍給予較高評價，顯見資本市場對會計資訊穩健處理之公司與認股權之員工福利制度持正面評價。
    Beginning from January 1, 2008, all companies in Taiwan are required to expense employee stock compensation using the fair value approach. However, for employee stock options granted during the transition period from the publication date of the exposure draft of Taiwan FAS39 to December 31, 2007, the government exempted those options from expensing, which increases a surge of option grants during the period. It is still unclear about the factors that may drive companies to take advantage of the transition period, and how market reacts to such behaviors. This paper examines whether the level of accounting conservatism is negatively associated with such opportunistic behaviors. Empirical results show that as a firm’s financial reporting gets more conservative, it is less likely that the firms took advantage of the exemption during the transition period. The results also show that among those firms issuing employee stock option during the transition period, market value is much higher for firms having higher level of accounting conservatism than lower level of conservatism. The results suggest that capital market rewards favorably to the conservative accounting policies and their employee stock option system.
    關聯: 會計評論 , 59 , 37-72
    数据类型: article
    DOI 連結: http://dx.doi.org/10.6552/JOAR.2014.59.2
    DOI: 10.6552/JOAR.2014.59.2
    显示于类别:[會計學系] 期刊論文
    [會計評論] 期刊論文

    文件中的档案:

    档案 大小格式浏览次数
    37-72.pdf453KbAdobe PDF2960检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    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 ©   - 回馈