碩士 / 國立中正大學 / 會計與資訊科技研究所 / 102 / Recently, the volatility of the stock price of foreign issuers listing in Taiwan, the F-company, often brings about large losses for the investors. Hence, the information transparency and the supervision on financial statements of F-company have been called into question. As the market believes that those are the reasons for its slump in performance and stock price, the TWSE has declared its plan to carry out the substantive review on the financial statements of all the F-companies to protect the interests of their investors. This study firstly examines the differences in degree and preferences of earnings management between the F-company and the listed (OTC) company, and further examines the same objects for F-company under the substantive review of TWSE or not.
Our empirical results show that the foreign issuers listing in Taiwan, the F-company, engages in the negative earnings management activities in higher degree than the listed (OTC) company does. While after the TWSE carrying out the substantive review on the financial statements, the F-company has reduced its negative accrual-based earnings management activities, however, it continues engaging in the negative earnings management behavior through the real operation activities. Apart from the above, the substantive review carrying out by the TWSE can effectively constrain the upward earnings management through manipulating real operation activities. Besides offering the evidence of the F-company engaging in higher degree of negative earnings management activities than the listed (OTC) company, this study examines the differences in degree and preferences of earnings management under the substantive review on F-company by the TWSE or not.
| Identifer | oai:union.ndltd.org:TW/102CCU00736025 |
| Date | January 2014 |
| Creators | CHIANG,HUNG-JU, 蔣泓儒 |
| Contributors | HUANG,SHAO-YEN, 黃劭彥 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 57 |
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