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標題: 盈餘管理工具關聯性之研究:以交易目的衍生性金融商品與裁決性應計項目為例
The Relation of Earnings Management Instruments: The Case of Trading Derivatives and Discretionary Accruals
作者: 楊禮全
Yang, Li-Chiuan
關鍵字: Earnings management;盈餘管理;Trading Derivatives;Discretionary accruals;Simultaneous equations;Three Stage Least Square;交易目的衍生性金融商品;裁決性應計項目;聯立方程式;三階段最小平方法
出版社: 會計學研究所
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Under many self-interest incentives, management may use earnings management instruments to achieve objective. Previous studies found that there are the substitution effect between hedging derivatives and discretionary accruals under income smoothing strategy. However, enterprises use derivatives not only for hedging but also for trading. This study aims at the trading derivatives to explore the relationship between trading derivatives and discretionary accruals when management make earnings management strategy.
This research select Taiwan listed companies during 2003 to 2005 as the sample. Using simultaneous equations and three stage least square to examine the relationship between trading derivatives and discretionary accruals. The evidences show that there are not the same association between trading derivatives and discretionary accruals. In addition, the evidences show that companies use more trading derivatives when the company with less growth opportunities, greater company size, worse self-industry profit, holding more cash and cash equivalents and invested more in financial commodities at fair value through income statement. When the company size is smaller, debt-to-asset ratio is larger and companies with higher growth opportunities use more discretionary accruals.
其他識別: U0005-1206200917475700
Appears in Collections:會計學系所

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