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標題: 兩岸舞弊案例分析與舞弊因子之探討
A Study on the Fraud Modeling and Fraud Drivers Between Taiwan and Mainland China
作者: 鄭嘉瑋
關鍵字: Financial Statement Fraud;財務報表舞弊;Fraud Factor;Logit Model;China;舞弊因子;Logit模型;中國大陸
出版社: 會計學研究所
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2001年美國能源界龍頭恩隆 (Enron) 因舞弊而宣告破產,緊接著國內又爆發以博達案為首多起科技類股弊案。反觀對岸中國大陸的銀廣廈(Guangxia)財報造假事件,突顯出上市公司的財務報告舞弊問題十分嚴重。有鑑於此,本研究以財務指標以及現金流量指標,運用Logit迴歸模型來比較、分析博達前和博達後,以及台灣及大陸地區舞弊因子之不同。

With several witnesses such as Enron's bankruptcy in USA, Boda's collapse in Taiwan and Guangxia's accounting scandal in China, fraud problem has never been a single issue but has been spreading out to be a global focus. Therefore, this research uses financial indicators and cash flow indicators via the application of a logit regression to analyze the differences in fraud drivers between the periods of pre and post Boda's collapse as well as between the countries of Taiwan and Mainland China.
The empirical results show that the fraud drivers of pre-Boda are those of current ratio, inventory turnover, receivable turnover, cash interest coverage and cash flow to sales which have been found negatively significant. This finding is consistent with the results of financial crisis studies, indicating that a success in fraud detection might lead to a success in financial crisis prevention within pre-Boda era. At the time of post-Boda, however, the risk drivers of owner''s equity with fixed ratio, return on total assets, inventory turnover, assets turnover, equity turnover are significantly positive to fraud presence. It means that techniques to manipulate financial statements are continuous renewing after Boda's collapse, sometimes the financial records showed by fraud companies are even better than healthy ones. In addition, the fraud drivers in China are much related to those of owner's equity with fixed ratio, inventory turnover, debt ratio, return on net assets, receivable turnover and cash interest coverage. The first two risk factors are positively but the rest are negatively related to fraud presence. It happened because that the deficiency in capitals is an essential problem faced by the majority of companies in China, earnings manipulation thus become the way to qualify themselves to issue new stocks.
其他識別: U0005-2108200622183100
Appears in Collections:會計學系所

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