English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 110180/141115 (78%)
Visitors : 46581896      Online Users : 781
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
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/98651


    Title: IPO審查階段的公司盈餘管理初探:以中國大陸之國營企業及民營企業之比較為例
    A comparative analysis of pre-IPO earnings management between SOE and NSOE in China
    Authors: Miura, Takashi
    Contributors: 王信實
    李文傑

    Wang, Shinn Shyr
    Lee, Wen Chieh

    Takashi Miura
    Keywords: Earnings management
    State-owned enterprise
    Non-state-owned enterprise
    IPO market
    Property plant and equipment
    Long –term debt
    Account receivable
    Long –term debt
    Date: 2016
    Issue Date: 2016-07-01 15:25:35 (UTC+8)
    Abstract: This study investigates an appropriate accrual-based model in detecting earnings management (EM) of Chinese firms undergoing initial public offering (IPO) process. The mainstream literatures show that state-owned enterprise (SOE) has involved with less earnings management (EM) than non-state-owned enterprise (NSOE) in pre-IPO market from 2003 to 2009. The reason is that SOE could borrow money from bank, compared to NSOE. However, SOE has been proven to conduct stronger EMs in pre-IPO market during 2011 to 2013 by manipulating with property plant and equipment (PPE), the flows of account receivable (AR) and long-term debt (LTD). Besides, I also suggest a new accrual-based model that could better fit into the unique features of Chinese firms in their process of IPO application.
    Reference: [1] Klein, L. R. (1962). An introduction to econometrics.* Prentice-Hall. New Jersey, 280p, 62-64.
    [2] DeFond, M. L., & Jiambalvo, J. (1994). Debt covenant violation and manipulation of accruals. Journal of accounting and economics, 17(1), 145-176.
    [3] Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. Accounting review, 193-225.
    [4] Chaney, P. K., & Lewis, C. M. (1995). Earnings management and firm valuation under asymmetric information. Journal of Corporate Financ1995
    e, 1(3), 319-345.
    [5] Bernard, V. L., & Skinner, D. J. (1996). What motivates managers` choice of discretionary accruals?. Journal of Accounting and Economics, 22(1), 313-325.
    [6] Freud, R. J., & Littell, R. C. (2000). SAS system for regression. Sas Institute.
    [7] McNichols, M. F. (2001). Research design issues in earnings management studies. Journal of accounting and public policy, 19(4), 313-345.
    [8] Baltagi, B. (2008). Econometric analysis of panel data. John Wiley & Sons.
    [9] Hsiao, C. (2003). Analysis of panel data, 2nd. Cambridge: Cambridge University Press. Kose, MA, ES Prasad and ME Terrones (2003), Financial Integration and Macroeconomic Volatility, IMF Staff Papers, 50, 119-142.
    [10] Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of accounting and economics, 42(3), 335-370.
    [11] Yoon, S. S., Miller, G., & Jiraporn, P. (2006). Earnings management vehicles for Korean firms. Journal of International Financial Management & Accounting, 17(2), 85-109.
    [12] Wang, Q., Wong, T. J., & Xia, L. (2008). State ownership, the institutional environment, and auditor choice: Evidence from China. Journal of accounting and economics, 46(1), 112-134.
    [13] Ball, R., & Shivakumar, L. (2008). Earnings quality at initial public offerings. Journal of Accounting and Economics, 45(2), 324-349.
    [14] Hujino Yutaka, (2009). New problems and present situation of the accrual-based model. Saint Paul’s University Economic Study volume 62.3, p95-p112 (藤野裕. (2009). 裁量的会計発生高推定モデルの現状と新たな課題: モデルが仮定する条件の現実妥当性について. 立教経済学研究, 62(3), 95-112.)
    [15] Berger, A. N., Hasan, I., & Zhou, M. (2009). Bank ownership and efficiency in China: What will happen in the world’s largest nation?. Journal of Banking & Finance, 33(1), 113-130.
    [16] Armstrong, C., Foster, G., & Taylor, D. J. (2008). Earnings management around initial public offerings: a re-examination. Rock Center for Corporate Governance Working Paper, (23).
    [17] Chen, H., Chen, J. Z., Lobo, G. J., & Wang, Y. (2010). Association between borrower and lender state ownership and accounting conservatism. Journal of Accounting Research, 48(5), 973-1014.
    [18] Aaker, H., & Gjesdal, F. (2010). Do Models of Discretionary Accruals Detect Actual Earnings Management via Inventory? A Comparison of General and Specific Models. A Comparison of General and Specific Models (June 24, 2010).
    [19] Benmelech, E., Kandel, E., & Veronesi, P. (2008). Stock-based compensation and CEO (dis) incentives (No. w13732). National Bureau of Economic Research.
    [20] Islam, M. A., Ali, R., & Ahmad, Z. (2011). Is modified Jones model effective in detecting earnings management? Evidence from a developing economy. International Journal of Economics and Finance, 3(2), 116.
    [21] Paul, R. K. (2006). Multicollinearity: Causes, Effects and Remedies. IASRI, New Delhi.
    [22] Alareeni, B., & Aljuaidi, O. (2014). The modified jones and yoon models in detecting earnings management in Palestine Exchange (PEX). International Journal of Innovation and Applied Studies, 9(4), 1472.
    [23] Shen, Z., Coakley, J., & Instefjord, N. (2014). Earnings management and IPO anomalies in China. Review of Quantitative Finance and Accounting, 42(1), 69-93.
    [24] Cheng, C. A., Wang, J., & Wei, S. X. (2015). State ownership and earnings management around initial public offerings: Evidence from China. Journal of International Accounting Research, 14(2), 89-116.
    [25] Tetsuo Hujita, (2014). Financial progress and challenges in China. The Japan Research Institute, United, Pacific Rim Business Information 14, No.55. (藤田哲雄. (2014). 中国の金融改革の進展と課題. Rim: 環太平洋ビジネス情報, (55), 62-79.)
    [26] Cai, Y., & Zhang, L. (2015, May). The relation between equity incentives and earnings management in China. In Information Engineering and Education Science: Proceedings of the International Conference on Information Engineering and Education Science (ICIEES 2014), Tianjin, China, 12-13 June, 2014 (Vol. 5, p. 29). CRC Press.
    [27] PwC China Assurance Partner, Doing business and investing in China. Retrieved Feb 15 2006, from: http://www.pwccn.com/webmedia/doc/634940150734265198_iic_full.pdf. (Global Annual Review 2015 (PWC). p146-p160)
    [28] Xu, W. Chinese domestic IPO over-issuance.
    Description: 碩士
    國立政治大學
    經濟學系
    103258042
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103258042
    Data Type: thesis
    Appears in Collections:[經濟學系] 學位論文

    Files in This Item:

    File SizeFormat
    804201.pdf1384KbAdobe PDF2559View/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