English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109951/140892 (78%)
Visitors : 46203208      Online Users : 697
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 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/114706
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/114706


    Title: 總經理薪酬績效敏感性、績效門檻與盈餘管理關聯性之研究
    CEO Pay-Performance Sensitivity, Performance Threshold and Discretionary Accounting Choices-An Empirical Study
    Authors: 楊朝旭
    吳幸蓁
    Young, Chaur-Shiuh
    Wu, Shing-Jen
    Keywords: 薪酬績效敏感性;績效門檻;盈餘管理;裁決性應計項目
    Pay-performance sensitivity;Performance threshold;Earnings management;Discretionary accruals
    Date: 2003-01
    Issue Date: 2017-11-15 14:52:48 (UTC+8)
    Abstract: 本研究之目的係探討總經理薪酬績效敏感性(Pay-Performance Sensitivity,以下簡稱PPS)較高以及操縱前盈餘未達績效門檻的情況下,總經理是否較會藉由操縱裁決性應計項目(Discretionary Accrual,以下簡稱DA),從事盈餘管理行為,以提高本身之薪酬水準。在控制了諸多影響裁決性應計項目的因素後,實證結果顯示公司之PPS 愈高時,其DA 愈大,表示總經理從事盈餘管理的程度較高。除了探討PPS 與DA 的關係外,我們也以盈餘為「零」及「前期盈餘」作為績效門檻指標,探討績效門檻與DA 的關係。實證結果發現,公司為避免報導損失或為維持與前期盈餘一致之水準,將透過裁決性應計項目達成其提高帳面盈餘之目的。最後,本研究探討在雙重誘因(PPS 高與盈餘低於績效門檻時)的驅使下,該盈餘管理行為是否最為嚴重。實證結果顯示,在雙重誘因下,以「前期盈餘」作為門檻時,雙重誘因對裁決性應計項目之平均影響具增額效果。
    This study investigates whether increases in CEO pay-performance sensitivities (PPS) affect the CEO’s discretionary accounting choices, by examining the relation between PPS and discretionary accruals (DA), where DA are proxies for the aggregate effect of accounting choices on income. We argue that one benefit of increasing accounting income is the consequent increase in pay. Therefore, the higher the correlations between pay and reported income (higher PPS), the more income-increasing accounting choices CEO should make, hence the higher discretionary accruals. After controlling the economic determinants of the PPS and the endogeneity between PPS and DA, we find that the association between CEO pay and reported income has positive and significant influences on discretionary accruals. Two circumstances are identified where positive discretionary accruals are used to achieve certain performance thresholds. These performance thresholds are defined as (1) zero earnings, when income before discretionary accruals is less than zero; and (2) prior year reported income, when income before discretionary accruals is less than prior year reported income. We find that greater positive discretionary accruals are used to avoid earnings decreases and losses when income before discretionary accruals is less than zero or prior year reported income. Finally, we argue that CEO has greater incentive to adopt income-increasing discretionary accruals when higher PPS is coupled with losses (or earnings decreases). Our analyses show that only when higher PPS is coupled with earnings decreases can we find positive discretionary accruals becomes significantly greater. In contrast, the discretionary accruals do not demonstrate significant increases when higher PPS is coupled with losses. In our opinion, CEO may prefer to take a bath when higher PPS is coupled with losses.
    Relation: 會計評論, 36, 55-87
    Data Type: article
    DOI 連結: http://dx.doi.org/10.6552%2fJOAR.2003.36.3
    DOI: 10.6552/JOAR.2003.36.3
    Appears in Collections:[會計評論] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML2380View/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