English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140887 (78%)
Visitors : 46282908      Online Users : 1314
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
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/68523
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/68523


    Title: 相同會計師查核關係人交易之雙方對分析師盈餘預測的影響
    Same Auditor Auditing Both Sides of Related Party Transactions and Analyst Earnings Forecasts
    Authors: 林欣穎
    Contributors: 周玲臺
    林欣穎
    Keywords: 關係人交易
    相同會計師
    分析師盈餘預測準確性
    分析師盈餘預測離散程度
    Related party transactions
    Same auditors
    Earnings forecast accuracy
    Earnings forecast dispersion
    Date: 2013
    Issue Date: 2014-08-12 14:00:59 (UTC+8)
    Abstract: 關係人交易普遍存在於我國企業中,且具有相當的重要程度。根據文獻,關係人交易可能會對公司資訊品質造成負面效果。文獻亦指出分析師為公司與投資者間之專業資訊中介者,且係根據企業所發布財務報告之會計資訊作為盈餘預測的重要資訊來源之一,本研究探討關係人交易金額的多寡對分析師盈餘預測特性(準確性與離散程度)之影響,並進一步將關係人交易之雙方分為受相同會計師查核與受不同會計師查核時,對分析師盈餘預測特性之影響。
    實證結果指出,當關係人交易金額愈大,分析師盈餘預測愈不準確且離散程度愈大。然而若關係人交易之雙方由相同會計師查核,可以減緩因關係人交易使分析師盈餘預測不準確與離散程度加大之影響。在台灣關係人交易盛行之環境下,關係人交易雙方之會計師選任效果可提供公司治理單位與投資人做為參考。
    Related party transactions are prevalent and quite important to public firms in Taiwan. Prior studies find that related party transactions impair firms’ information quality. Literature also documents that analysts play a crucial role as an information intermediary between firms and investors, and they use accounting statements as one information source to make forecasts. The purpose of this research is to examine the effects of firms’ related party transactions on two analyst forecast characteristics, i.e., earnings forecast accuracy and dispersion. We also examine if those effects can be alleviated by same auditors auditing both sides of related party transactions.
    Our results show that related party transactions have negative effects on analyst earnings forecasts. We find that the amounts of related party transactions are negatively related with forecast accuracy and positively related with forecast dispersion. We also find that those negative effects are mitigated if both sides of related party transactions are audited by the same auditor. While related party transactions are not unusual in Taiwan, our results can provide insights for firms, investors and regulators.
    Reference: 王姿婷,2009,我國分析師會重視審計品質嗎?事務所還是個人?國立政治大學會計研究所碩士論文。
    台灣證券交易所,2007,上市公司29類產業別-7月2日上線宣導手冊。
    江淑玲與林麗容,2007,我國中小企業盈餘管理行為之探索性研究─德爾菲法之應用,東吳經濟商學學報,第57期:79-109。
    余朝權與楊碧雲,1996,強制性財務預測準確度之影響因素分析,輔仁管理評論,第3卷,第1期:1-28。
    李奕萱,2013,關係人交易與審計品質-以台灣高科技公司為例,國立政治大學會計研究所碩士論文。
    汪進揚與余俊憲,2004,財務分析師盈餘預測誤差與預測行為影響因素之研究,證券市場發行季刊,第64期:117-144。
    周建宏,2010,IAS27合併報表之適用與挑戰,http://www.pwc.tw/zh/ifrs/ifrs-indepth-focus/ifrs-features/ifrs-features-011.jhtml,搜尋日期:2014年6月23日。
    林文義,2004,證交所提供線索 會計師追追追 皇統關係人交易 曝光,工商時報,9月17日。
    股市精華導覽,2005,為什麼要看合併報表的財務數字?http://valueguide.myweb.hinet.net/consolidated_report.htm,搜尋日期:2014年6月23日。
    邱垂昌與黃秀姿,2006,自願設立獨立董事、關係人交易與公司價值關聯性之研究:代理理論與訊號發射理論之比較,Asian Journal of Management and Humanity Sciences,第1卷,第3期:379-403。
    邱瓊玲,2011,關係人交易對財務危機預測模式影響之探討,育達科大學報,第26期:31-48。
    柯承恩,1999,家族控股、集團企業與盈餘管理之研究,行政院國家科學委員會專題研究計畫成果報告。
    財務會計準則委員會,1985,財務會計準則公報第六號-關係人交易之揭露,台北:中華民國會計研究發展基金會。
    張瑞當、方俊儒與沈文華,2008,集團企業是否委託同一會計師事務所查核財務報表對其盈餘管理行為之影響,管理評論,第27卷,第2期:29-52。
    許智順、簡俱揚、黃媺婷與陳燕錫,2012,產業專家會計師事務所對關係人交易之影響,商管科技季刊,第13卷,第2期:99-129。
    程心瑤,2010,審計品質與分析師預測,銘傳大學會計研究所碩士論文。
    葉銀華、蘇裕惠、柯承恩與李冠德,2003,公司治理機制對關係人交易的影響,證券市場發展季刊,第15卷,第4期:69-109。
    審計準則委員會,2005,審計準則公報第六號-關係人交易之查核,台北:中華民國會計研究發展基金會。
    Abarbanell, J. S., and Bushee, B. J. 1997. Fundamental analysis, future earnings, and stock prices. Journal of Accounting Research 35(1): 1-24
    Aharony, J., Wang, J., and Yuan, H. (2010). Tunneling as an incentive for earnings management during the IPO process in China. Journal of Accounting and Public Policy 29(1): 1-26.
    Barron, O. E., and Stuerke, P. S. 1998. Dispersion in analysts` earnings forecasts as a measure of uncertainty. Journal of Accounting, Auditing & Finance 13(3): 245-270.
    Beavor, W. H. 2002. Perspectives on recent capital market research. The Accounting Review 77: 453-474.
    Becker, C. L., DeFond, M. L., Jiambalvo, J., and Subramanyam, K. R. 1998. The effect of audit quality on earnings management. Contemporary accounting research 15(1): 1-24.
    Behn, B. K., Choi, J. H., and Kang, T. 2008. Audit quality and properties of analyst earnings forecasts. The Accounting Review 83(2): 327-349.
    Benston, G. J. 1985. The market for public accounting services: demand, supply and regulation. Journal of Accounting and Public Policy 4(1): 33-79.
    Berle, A. A., and Means, G. G. C. 1932. The modern corporation and private property. United States: Transaction Publishers.
    Bhushan, R. 1989. Firm characteristics and analyst following. Journal of Accounting and Economics 11(2): 255-274.
    Branson, J., and Breesch, D. 2004. Referral as a determining factor for changing auditors in the Belgian auditing market: An empirical study. The International Journal of Accounting 39(3): 307-326.
    Brous, P. A., and Kini, O. 1993. A reexamination of analysts` earnings forecasts for takeover targets. Journal of Financial Economics 33(2): 201-225.
    Brown, L. D., Hagerman, R. L., Griffin, P. A., and Zmijewski, M. E. 1987a. Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings. Journal of Accounting and Economics 9(1): 61-87.
    _____, Richardson, G. D., and Schwager, S. J. 1987b. An information interpretation of financial analyst superiority in forecasting earnings. Journal of Accounting Research 25(3): 49-67.
    _____, and Rozeff, M. S. 1978. The superiority of analyst forecasts as measures of expectations: Evidence from earnings. The Journal of Finance 33(1): 1-16.
    Chang, J., Khanna, T., and Palepu, K. 2000. Analyst activity around the world. Working Paper, Harvard Business School.
    Clement, M. B. 1999. Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? Journal of Accounting and Economics 27(3): 285-303.
    Das, S., Levine, C. B., and Sivaramakrishnan, S. 1998. Earnings predictability and bias in analysts? Earnings forecasts. The Accounting Review 73(2).
    DeFond, M. L., Raghunandan, K., and Subramanyam, K. R. 2002. Do non–audit service fees impair auditor independence? Evidence from going concern audit opinions. Journal of Accounting Research 40(4): 1247-1274.
    Duru, A., and Reeb, D. M. 2002. International diversification and analysts` forecast accuracy and bias. The Accounting Review 77(2): 415-433.
    Fried, D., and Givoly, D. 1982. Financial analysts` forecasts of earnings: A better surrogate for market expectations. Journal of Accounting and Economics 4(2): 85-107.
    Givoly, D., and Lakonishok, J. 1979. The information content of financial analysts` forecasts of earnings: Some evidence on semi-strong inefficiency. Journal of Accounting and Economics 1(3): 165-185.
    Gordon, E. A., Henry, E., and Palia, D. 2004. Related party transactions and corporate governance. Advances in Financial Economics 9: 1-27.
    _____,_____, Louwers, T. J., and Reed, B. J. 2007. Auditing related party transactions: A literature overview and research synthesis. Accounting Horizons 21(1): 81-102.
    _____, and _____, 2005. Related party transactions and earnings management. Working paper, Rutgers University.
    Hagerman, R. L., and Ruland, W. 1979.Aaccuracy of management forecasts and forecasts of simple alternative models. Journal of Economics and Business 31(3): 172-179.
    Han, B. H., and Manry, D. 2000. The implications of dispersion in analysts` earnings forecasts for future ROE and future returns. Journal of Business Finance & Accounting 27(1‐2): 99-125.
    Henry, E., Gordon, E. A., Reed, B., and Louwers, T. 2012. The role of related party transactions in fraudulent financial reporting. Journal of Forensic & Investigative Accounting 4(1): 186-213.
    Imhoff Jr, E. A., and Lobo, G. J. 1992. The effect of ex ante earnings uncertainty on earnings response coefficients. The Accounting Review 67(4): 427-439.
    Jacob, J., Lys, T. Z., and Neale, M. A. 1999. Expertise in forecasting performance of security analysts. Journal of Accounting and Economics 28(1): 51-82.
    Jian, M., and Wong, T. J. 2010. Propping through related party transactions. Review of Accounting Studies. 15(1): 70-105.
    Johnstone, K. M., and Bedard, J. C. 2004. Audit firm portfolio management decisions. Journal of Accounting Research 42(4): 659-690.
    _____, Li, C., and Luo, S. 2011. Client-auditor supply chain relationships, audit quality, and audit pricing. Auditing: A Journal of Practice and Theory. doi: 10.2308/ajpt-50783
    Kahle, K. M., and Shastri, K. 2004. Executive loans. Journal of Financial and Quantitative Analysis 39(4): 791-811.
    Kohlbeck, M. J., and Mayhew, B. W. 2004 Agency costs, contracting, and related party transactions. Working paper. University of Wisconsin.
    Kross, W., Ro, B., and Schroeder, D. 1990. Earnings expectations: The analysts` information advantage. The Accounting Review 461-476.
    Lang, M. H., and Lundholm, R. J. 1996. Corporate Disclosure Policy and Analyst Behavior. The Accounting Review 71: 467-492.
    Louwers, T. J., Henry, E., Reed, B. J., and Gordon, E. A. 2008. Deficiencies in auditing related-party transactions: Insights from AAERs. Auditing 2(2), A10-A16.
    Lo, A. W., Wong, R. M., and Firth, M. 2010. Can corporate governance deter management from manipulating earnings? Evidence from related-party sales transactions in China. Journal of Corporate Finance 16(2): 225-235.
    Lys, T., and Soo, L. G. 1995. Analysts` forecast precision as a response to competition. Journal of Accounting, Auditing & Finance 10(4): 751-765.
    O`brien, P. C. 1988. Analysts` forecasts as earnings expectations. Journal of accounting and Economics 10(1): 53-83.
    Payne, J. L., and Robb, S. W. 2000. Earnings management: The effect of ex ante earnings expectations. Journal of Accounting, Auditing & Finance 15(4): 371-392.
    Schipper, K. 1991. Analysts’ forecasts. Accounting Horizons 5(4): 105-121.
    _____, 1989. Commentary on Earnings Management. Accounting Horizons 3(4): 91-102.
    Yeh, Y. H., Shu, P. G., and Su, Y. H. 2012. Related-party transactions and corporate governance: The evidence from the Taiwan stock market. Pacific-Basin Finance Journal 20(5): 755-776.
    Wang, J., and Yuan, H. 2012. The Impact of Related Party Sales by Listed Chinese Firms on Earnings Informativeness and Earnings Forecasts. International Journal of Business 17(3): 258-275.
    Watkins, A. L., Hillison, W., & Morecroft, S. E. (2004). Audit quality: A synthesis of theory and empirical evidence. Journal of Accounting Literature, 23(1), 153-193.
    Description: 碩士
    國立政治大學
    會計研究所
    101353042
    102
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0101353042
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    File SizeFormat
    304201.pdf1895KbAdobe PDF2167View/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