投資人保護程度與盈餘管理：跨國實證研究

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/27332

Title:	投資人保護程度與盈餘管理：跨國實證研究 Investor Protection and Earnings Management: An International Comparison
Authors:	林桂玉
Contributors:	會計研究所
Keywords:	盈餘管理投資人保護公司治理 earnings management investor protection corporate governance
Date:	2006
Issue Date:	2014-05-29 16:22:06 (UTC+8)
Abstract:	本研究之目的是探討盈餘管理與投資人保護之間的關聯性，本研究以COMPUSTAT資料庫中的全球財務分析資料庫及美加企業財務分析資料庫進行各國財務資料的收集，研究期間為1995年至2004年，利用主成份、集群分析檢測不同國家之間的盈餘管理程度，實證結果顯示不同國家之間的盈餘管理程度有所不同，並進一步探討盈餘管理與投資人保護之間的關聯性，實證結果顯示法律執行力、外部投資人權利與盈餘管理呈顯著負相關。綜合前述結果，本研究認為在不同國家的環境下，投資人保護程度的高低，例如：法律的執行力、外部投資人權利等，會影響管理階層從事盈餘管理的動機，因此若期望提供投資人更全面性的保障，應落實公司治理制度及保障投資人權益，例如：設立獨立董監事、投資人保護法的施行，為投資人主張權利，以保護投資人應有的權益。 This paper examines the relation between earnings management and investor prote- ction. Using a sample of public corporations from Compustat database over the period 1995-2004, our research applies principal component analysis and cluster analysis to examining the level of earnings management across 31 countries. Our results indicate that the level of earnings management across 31 countries is different ; beside, the regression results show that earnings management is negatively associated with outside investor rights and legal enforcement. In sum, the level of investor protection would influence earnings management. If the Government want to provide better protection for investors, the government must practices corporate governance and protects investor’ rights, for example, independent directors and supervisors. These ways could protects investor’ rights.
Appears in Collections:	[Department of Accounting & Graduate Institute of Accounting] Thesis

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