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| Title: | 我國上市公司分析師盈餘預測與盈餘管理關聯性之實證研究
An Empirical Study of the Association between Analysts` Forecast and Earnings Management |
| Authors: | 紅立勝 |
| Contributors: | 郭弘卿
紅立勝 |
| Keywords: | 盈餘預測
市場預期
預期差距
盈餘管理
earnings forecasts
market expectations
forecast deviation
earnings management |
| Date: | 2001 |
| Issue Date: | 2016-04-15 16:11:01 (UTC+8) |
| Abstract: | 本研究旨在探討我國一般產業之上市公司，其分析師盈餘預測與管理當局盈餘預測間之差異，並且檢視在資本市場中是否具有抑制公司經理人員任意發佈預測之機制。除此之外，亦檢測市場達成共識之程度是否為管理者盈餘管理之誘因，以及其盈餘管理的程度與方向。
I test a market expectations and market consensus hypothesis about earnings management in Taiwan`s public firms from 1996 to 1999. First of all, no matter what a good news or bad news that managers spread in markets is the result of earnings management. Furthermore, when analysts have reached a consensus in their earnings forecasts, managers` earnings forecasts are close to market expectations as possible. At the same time, managers also have an incentive to manage earnings through discretionary accruals to achieve market expectations. Finally, all sample-corporations are split into two groups. Group 1 observations have nondiscretionary earnings below the mean analysts` forecast, and Group 2 observations have nondiscretionary earnings above the mean analysts` forecast. The results suggest the corporation managers in Group 1 make greater use of discretionary accruals to manipulate earnings to achieve market expectations when analysts have reached a consensus in their earnings predictions. Oppositely, the corporation managers in Group 2 make less use of discretionary accruals to save them in use of next period when analysts lacks consensus in their earnings forecasts. |
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| Description: | 碩士
國立政治大學
會計學系 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#A2002001374 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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