政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/32309
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 11 |  Items with full text/Total items : 88866/118573 (75%)
Visitors : 23553682      Online Users : 175
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: http://nccur.lib.nccu.edu.tw/handle/140.119/32309

    Title: 銀行治理與盈餘管理
    Authors: 陳呈祿
    Contributors: 李金桐

    Keywords: 盈餘管理
    Date: 2002
    Issue Date: 2009-09-14 13:38:23 (UTC+8)
    Abstract: 企業往往會利用財務活動之變更,或是權衡性會計項目之操縱,來達到美化帳面盈餘之目的。而「銀行業」更因其產業特殊性,一直以來這種盈餘管理之幅度均高於其他產業;但是除了產業別之差異會影響盈餘管理程度之外,時間演進所造成的產業環境改變,以及個別企業體「公司治理」優劣程度,亦有可能造成經營階層進行盈餘操縱之動機的強弱差異。
    本研究建立銀行業四大財務決策:放款、票券買賣、壞帳費用提列以及股利發放之聯立方程式,並使用台灣地區36家上市櫃商業銀行的財務報表資料,實證分析上述財務行為間的互動關係。本文首先利用時間面之切割,分析1991-1996、1997-2001年間銀行業盈餘管理程度之差異;其後更利用La Porta et. al.,(1999)所提出的股權偏離概念作為衡量銀行管理當局的道德風險指標,依此檢測「盈餘管理」程度是否因為道德風險的提升而隨之增加。實證結果顯示在1991-1996年間,非操弄性(原始)盈餘越高的銀行,反而會再增加票券買賣利益與降低壞帳費用提列,進一步提高營業利益;然而,原始盈餘為負的銀行,損益平滑化的現象顯著。在加入道德風險指標後,可以發現利用票券買賣進行盈餘管理,是銀行界普遍的狀況,而盈餘管理的程度會隨著道德風險的增加而提升,但是原始盈餘為負的銀行則較不傾向利用票券的買賣進行盈餘管理。在壞帳費用提列方面,可以發現銀行普遍利用壞帳費用的提列來進行損益平滑化的動作,但是道德風險之差異卻對原始盈餘為負的銀行之影響較為明顯。
    Reference: 參考文獻:
    1. 沈中華與吳孟紋,2002,「銀行治理、銀行失敗與銀行績效:以台灣為例」,亞太經濟管理評論,6卷2期,頁27-46。
    2. 沈中華、池祥麟,2003,「從投資人保護觀點與展望理論探討各國銀行業盈餘管理之現象與動機」,中央研究院經濟論文財金特刊,即將刊登。
    3. 洪佑伶,1996,「台灣地區銀行壞帳決策與買賣有價證券影響因素之實證研究」,國立政治大學會計研究所碩士論文。
    4. 翁淑育,2000,「台灣上市公司股權結構、核心代理問題與公司價值之研究」,私立輔仁大學金融所碩士論文。
    5. 黃佩鈴,2000,「從股權結構與核心代理觀點,評析民營銀行之逾放比及經營績效」,中央銀行存保季刊,14卷2期。
    6. 陳育成,1997,「商業銀行資本適足率資訊內涵與資本調控問題之研究」,國立政治大學會計所博士論文。
    7. 劉啟群,1999,「我國金融業會計損益項目際別分析:盈餘管理間接測試法」,會計評論,31,63-79。
    8. 高儷華、顧裔芳, 2003, 「金融業財務報表管理行為之比較研究:毛額型營業稅率變動觀點」, 國科會計畫。
    1. Barnea, A., R. A. Haugen, and L. W. Senbet, 1981, “An equilibrium analysis of debt financing under costly tax arbitrage and agency problems,” Journal of Finance, 36, 569-581.
    2. Bath, M. E., W. H. Beaver and M. A. Wolfson, 1990, “Comments of Earning and the Structure of Bank Share Prices,” Financial Analysis Journal, 53-60.
    3. Baumol, William, 1959, Business Behavior , Value and Growth, MacMillan, New York.
    4. Beatty, A., S. L. Chamberlin, and J. Magliolo, 1995, “Managing Financial Reports of Commercial Banks,” Journal of Accounting Research, 33, 231-261.
    5. Burgstahler, D., and Dichev, I., 1997, “Earning Management to Avoid earnings decreases and losses,” Journal of Accounting and Economics, 24, 99-126.
    6. Collins, Julie H., Douglas A. Shackelford and J. M. Wahlen, “Bank Differences in the Coordination of Regulatory Capital, Earnings , and Taxes,” Journal of Accounting Research, 33, 263-291.
    7. Crutchley, C., and R. Hansen, 1989, “A test of the agency theory of managerial ownership, corporate leverage and corporate dividends,” Financial Management ,18, 36-46.
    8. Degeorge, F., Patel, J., and Zeckhauser, R., 1999, “Earning Management to Exceed Threholds,” Journal of Business, 72, 1-33.
    9. Fama, E. F., 1974, “The empirical relationships between the dividend and investment decisions of firms,” American Economic Review , 64, 304-318.
    10. Galai, D., and R. Masulis, 1976, “The option pricing model and the risk factor of stock,” Journal of Financial Economics 4, 53-81.
    11. Harris, M., and A. Raviv, 1990, “Capital structure and the informational role of debt,” Journal of Finance, 45, 321-349.
    12. Healy, P., and Wahlen, J., 1999, “A Review of Earning Management Literature and Its Implications for Standard Setting,” Accounting Horizons, 13, 365-383.
    13. Jensen, M. C., and W. H. Meckling, 1976, “Theory of the firm: Managerial behavior, agency costs and capital structure,” Journal of Financial Economics, 3, 305-360.
    14. Johar, R. S., 1973, “Corporate investment and financial behavior in India, ” The Indian Journal of Economics, 203-225.
    15. Jorden, J. S., 1998, “Problem Loans at New England Banks, 1989 to 1992 : Evidence od Aggressive Loan Policies,” New England Economic Review, January/ February.
    16. Joseph P.H. Fan ,T.J. Wong., 2002, “Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia,” Journal of Accounting and Economics, 33, pp. 401-425.
    17. Kahneman, D.and Tversky, A., 1979, “Prospect Theory:An Analysis of Decision under Risk,” Econometrica, 47, 263-291.
    18. Kim, M., and V. Maksimovic, 1990, “Debt and input misallocation,” Journal of Finance ,45, 795-816.
    19. La Porta, R., F. Lopez-de-Silanes, A. Shleifer. 1999., “Corporate Ownership around the World,” Journal of Finance, 54, pp. 471-517.
    20. Morck, R., A. Shleifer, and R. W. Vishny, 1988, “Management ownership and market valuation: An empirical analysis,” Journal of Financial Economics , 20, 293-315.
    21. Mueller, D. C., 1967, “The firm decusuon process: An econometric investment investigation,” Quarterly Journal of Economics , 81, 58-87.
    22. Myers, S., 1977, “Determinants of corporate borrowing,” Journal of Financial Economics , 5, 147-176.
    23. Scholes, M. S.,G. P.Wilson and M. A. Wolfson, 1990, “Tax Planning, Regulatory Capital planning, and Financial Reporting Strategy for Commercial Banks,” The Review of Financial Studies, 3, 635-650.
    24. Shrieves, R. E., and D. Dahl, 2002, “Staying afloat in Japan: Discretionary accounting and the behavior of banks under financial duress,” forthcoming, Journal of Banking and Finance.
    25. Smith, C., and J. Warner, 1979, “On financial contracting,” Journal of Financial Economics , 7, 117-161.
    26. Sonda M.Chtourou, Jean Bedard, and Lucie Courteau, 2001, “Corporate Governance and Earning Management,” N.B.E.R. Working Paper.
    27. Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and S. Ghon Rhee, 2002, “Earning Management During Distinct Phases of Capital Demand:Evidence from Japanese Banks,” N.B.E.R. Working Paper.
    28. Theil, H., and R. C. Basmann, 1981, Principles of Econometrics, 2th edition., New York: Wiley & Sons.
    29. Vefeas, N., Afxentious, Z., 1998, “The Association between the SEC’s 1992 Compensation Disclosure Rule and Executive Compensation Policy Changes,” Journal of Accounting and Public Policy, 17(1), pp. 27-54.
    30. Wahlen James M.1994, “The Nature of Information in Commercial Banks Loan Loss Disclosures,” The Accounting Review, 69, 455-478.
    31. Warrick, W. W. 1999, “Post-Blue Ribbon Committee Thoughts on Developing the Audit Committee’s Charter and Annual Report,” Directorship, 25, 6-9.
    32. Williams H. Beaver and Ellen E. Engel, 1996, “Discretionary behavior with respect to allowance for loan losses and the behavior of security prices,” Journal of Accounting and Economics, 22, 176-206.
    33. Zmijewski M., and R. Hagerman, 1981, “An Income Strategy Approach to the Positive Theory of Accounting Standard Setting / Choice,” Journal of Accounting and Economics, 129-149.
    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0090255022
    Data Type: thesis
    Appears in Collections:[Department of Public Finance] Theses

    Files in This Item:

    File SizeFormat

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback