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標題: 海外投資與會計穩健性
Foreign Investment and Accounting Conservatism
作者: 陳錦洳
Chen, Chin-Ju
關鍵字: 會計穩健性
Foreign Investment
Accounting conservatism
Information asymmetry
Tax Haven
Corporate governance
出版社: 會計學研究所
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摘要: 本研究以1999年至2011年台灣上市櫃公司為樣本,探討企業海外投資,是否會影響其財務報表的會計穩健性程度。考量企業海外投資與會計穩健性之間,可能存在互為因果的內生關係,因此同時討論會計穩健性是否會影響企業海外投資的意願。此外,海外投資於普通法所屬國家之法律制度,將使子公司受到不同法律制度規範及約束,因此本研究再討論子公司所受法律制度不同是否影響母公司財務報表的會計穩健性。由於有些公司海外投資的目的並非為了促進競爭力,而是為了減少稅負到租稅天堂投資,因此本研究進一步討論,對租稅天堂的投資是否會影響會計穩健性程度。此外,本研究同時討論公司治理機制良窳對財務報表品質會計穩性的影響程度。 實證結果發現,企業海外投資,會降低其財務報表的會計穩健性程度。同時,會計穩健性也會影響企業海外投資的意願。亦即,企業海外投資與會計穩健性之間,存在互為因果的內生關係。此外,海外投資於普通法所屬國家之法律制度,子公司所受法律制度不同會影響母公司財務報表的會計穩健性。當海外投資於租稅天堂的國家時,會計穩健性程度愈高。公司治理機制良窳會影響海外投資對財務報表品質會計穩性的影響。
The sample companies are obtained from 1999 to 2011. This purpose of this paper is to examine the relationship among corporate foreign investment and accounting conservatism. Besides, We examine whether foreign investment and accounting conservatism exist cause-and-effect relation. Furthermore, we analyze whether firms invest in strict common law country, Tax Haven, and corporate governance influence accounting conservatism. The empirical results are summarized as followed: (1) Corporate foreign investment can reduce accounting conservatism. (2) Accounting conservatism influences corporate foreign investment. That is, foreign investment and accounting conservatism exists cause-and-effect relation. (3) Firms invest in strict common law country affect accounting conservatism. (4) When Firms invest in Tax Haven, corporate increase the degree of accounting conservatism. (5) Corporate governance can influence the degree of effect between foreign investment and accounting conservatism.
其他識別: U0005-2207201316433400
Appears in Collections:會計學系所



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