政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/109738

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109951/140892 (78%)
Visitors : 46217484 Online Users : 993

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 會計學系 > 國科會研究計畫 > Item 140.119/109738

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/109738

Title:	Clawbacks 條款, 權益基礎薪酬與審計委員會之審計公費決定
Authors:	俞洪昭
Contributors:	會計系
Keywords:	審計委員會權益基礎薪酬;會計師獨立性;審計公費;會計師選擇 Audit committee equity incentives;Auditor independence;Audit fees;Auditor choice
Date:	2015
Issue Date:	2017-05-17 16:40:37 (UTC+8)
Abstract:	本研究探討權益基礎薪酬是否影響審計委員會之審計公費決定。根據2004至2013年間的 1707 觀察值，本研究發現權益基礎薪酬與審計公費之間呈現相反關係。這個結果意謂著權益基礎薪酬可能誘使審計委員會妥協其獨立性，因此購買較少之審計服務。本研究進一步發現，較低的審計公費導致會計師提供較少的審計努力與較低的盈餘品質。這些發現具有管制面的意涵。 Motivated by Section 301 of SOX and the widespread use of stocks and options to compensate firms’ independent directors, I examine the relation between equity-based compensation paid to audit committee members and audit fees. Based on a sample of 1,707 firm-year observations during 2004-2013, I find a negative relation between audit committee equity incentives (measured by portfolio delta and vega) and audit fees, consistent with our prediction that larger equity incentives may induce audit committee members to compromise independence by paying lower audit fees. I further show that this lower audit fee level is associated with lower audit effort and lower earnings quality. These findings are robust to controlling for endogeneity, firms’ ex ante litigation risk, and relative power of CFOs and audit committees. These results bear important implications for regulators and investors.
Relation:	MOST 103-2410-H-004-031
Data Type:	report
Appears in Collections:	[會計學系] 國科會研究計畫

Files in This Item:

File	Description	Size	Format
103-2410-H-004-031.pdf		852Kb	Adobe PDF2	286	View/Open

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.

Loading...