Please use this identifier to cite or link to this item:
DC FieldValueLanguage
dc.contributorYun-Sheng Hsuen_US
dc.contributor.authorPeng, Yung-Hsuanen_US
dc.identifier.citation王貞靜、潘虹華與戚務君,2012,以C-Score衡量會計穩健性在台灣的適用性,會計審計論叢,第2卷第2期:1-31。 周建宏,2002,台灣上市櫃公司海外募資之探討,會計研究月刊,第196 期:53-59。 高孔廉與鄧岱賢,2003,開放台商上市、建立國際資本市場,財團法人國家政策研究基金會-國政分析,國安(析)092-011 號。 蔡柳卿,2007,依會計盈餘時效性設計高階主管薪酬契約:董事會所扮演的角色,會計評論,第44 期:61-94頁。 薛富井與陳韻如,2002,企業海外籌資相關議題之探討-綜論海外可轉換公司債與存託憑證之比較,會計研究月刊,第196期:60-75。 Adhikari, A., E. N. Coffman, and R. H. Tondkar. 1991. Going global - A toronto to the Intricacies of foreign stock listing. CA Magazine: 24-31. Ahmed, A. S., and S. Duellman. 2007. Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics 43 (February-March): 411-437. Ahmed, A., B. Billings, R. Morton, and M. Harris. 2002. The role of accounting conservatism in mitigating bondholder-shareholder conflict over dividend policy and in reducing debt cost. The Accounting Review 77 (October): 867-890. Amihud, Y., and H. Mendelson. 1986. Asset pricing and the bid-ask spread. Journal of Financial Economics 17(Dec.): 223-249. Ball, R., A. Robin, and G. Sadka.2008. Is financial reporting shaped by equity markets or by debt markets? An international study of timeliness and conservatism. Review of Accounting Studies 13 (September): 168-205. Ball, R. 2001. Infrastructure requirements for an economically efficient system of public financial reporting and disclosure. Brookings-Wharton Papers on Financial Services: 127-169. Ball, R., A. Robin, and J. Wu. 2003. Incentives versus standards: Properties of accounting income in four east asian countries. Journal of Accounting and Economics 36 (June): 235-270. Ball, R., and L. Shivakumar. 2005. Earnings quality in U.K. private firms. Journal of Accounting and Economics 39 (February): 83-128. Ball, R., S. P. Kothari, and A. Robin. 2000. The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics 29 (1): 1-51. Basu, S. 1997. The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics 4(1): 3-37. Basu, S., A. Huang, T. Mitsudome and J. Weintrop. 2005. Timeliness and Conservatism of Taiwanese Earnings. Asia-Pacific Journal of Accounting and Economics, 12:113-134. Beaver, W., and S. Ryan. 2000. Biases and Lags in Book Value and their Effects on the Ability of the Book-to-Market Ratio to Predict Book Return on Equity. Journal of Accounting Research 38 (Spring): 127-148. Beekes, W., P. Pope, and S. Young. 2004. The link between earnings timeliness, earnings conservatism and board composition: Evidence from the UK. Corporate Governance: An International Review 12 (January): 47-59. Brown, S., and S. A. Hillegeist. 2007. How disclosure quality affects the level of information asymmetry. Review of Accounting Studies 12: 443-477. Bushman, R., and J. Piotroski. 2006. Financial reporting incentives for conservative accounting: The influence of legal and political institutions. Journal of Accounting and Economics 42 (October): 107-148. Bushman, R., Q. Chen, E. Engel, and A. Smith. 2004. Financial accounting information, organizational complexity and corporate governance systems. Journal of Accounting and Economics 37(2): 167–201. Bliss, J. H. 1924. Management through accounts. New York, NY: The Ronald Press Co. Chi, W., C. Liu, and T. Wang. 2008. What affects accounting conservatism: A corporate governance perspective. working paper. National Chengchi University and National Taiwan University. Coffee, J. 2002. Racing towards the top? The impact of cross-listing and stock market competition on international corporate governance. Columbia Law Review 102: 1757-1831. D‘Arcy, A. 2000. The degree of determination on national accounting systems – an empirical investigation. Schmalenbach Business Review 52: 45-67. Desai, M. 2004. Cross-border listings and depositary receipts. Harvard Business Online 9: 1-30. Dieckhaus, J. M., 1992. Should you list on a foreign exchange? Chief Executive 74, 44-47. Doidge, C., Karolyi, G. A., and R. M. Stulz. 2004. Why are foreign firms listed in the U.S. worth more? Journal of Financial Economics 71: 205-238. Easley, D., S. Hvidkjaer and M. O’Hara. 2002. Is Information Risk a Determinant of Asset Returns? Journal of Finance, 57:5, 2185-2221. Enriques, L., 2000. The law on company directors’ self-dealing: a comparative analysis. International and Comparative Corporate Law Journal, Vol.2 No.3, 297-333. Errunza, V. R., and D. P. Miller. 2003. Valuation effects of seasoned global equity offerings. Journal of Banking & Finance 27(Sep): 1611-1623. Feltham, G. A., & Ohlson, J. A. (1995). Valuation and clean surplus accounting for operating and financial activities. Contemporary Accounting Research, 11(2), 689-731. Givoly, D., and C. Hayn. 2000. The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting and Economics 29 (March): 287-320. Holthausen, R. W., and Watts, R. L. 2001. The Relevance of the Value-Relevance Literature for Financial Accounting Standard Setting. Journal of Accounting & Economics, 31, 700-775. Huddart, S., J. S. Hughes, and M. Brunnermeier. 1999. Disclosure requirements and stock exchange listing choice in an international context. Journal of Accounting and Economics 26 (1): 237-269. Khan, M., and R. L. Watts. 2009. Estimation and empirical properties of a firm-year measure of accounting conservatism. Journal of Accounting and Economics 48 (December): 132-150. LaFond, R., and R. Watts. 2008. The information role of conservatism. The Accounting Review 83 (February): 47-478. LaFond, R., and S. Roychowdhury. 2008. Managerial ownership and accounting conservatism. Journal of Accounting Research 46 (January): 101-134. Lang, M., J. S. Raedy, and M. S. Yetman. 2003. How representative are firms that are cross-listed in the United States? An analysis of accounting quality. Journal of Accounting Research 41 (2): 363-386. Lai, C., and S. L. Taylor. 2008. Estimating and validating a firm-year-specific measure of conservatism: Australian evidence. Accounting & Finance 48 (December): 673-695. La Porta, R., F. Lopez-de-Silanes, A. Shleifer and R.W. Vishny 1997, Legal determinants of external finance, Journal of Finance, 52(3), 1131-1150. La Porta, R., F. Lopez-de-Silanes, A. Schleifer, and R. Vishny. 1998. Law and finance. Journal of Political Economy 106 (6): 1113-1155. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., and Vishny, R. W. 2000. Agency Problems And Dividend Policies Around The World, Journal of Finance, 55(1), 1-33. Lins, K., D. Strickland, and M. Zenner. 1999. Do non-U.S. firms issue stock on U.S. equity markets to relax capital constraints? working paper. University of North Carolina. Melicher, R. W., and J. R. Hoffmeister. 1980. Issuing convertible bonds. Financial Executive: 20-23. Merton, R. 1987, "Presidential address: A simple model of capital market equilibrium with incomplete information", Journal of Finance, 42, 483-510. Milliron, J. 2000. Board of director incentive alignment and the design of executive compensation contracts. Working Paper, Chicago Partners, LLC. Mitton. T. 2002. A cross-firm analysis of the impact of corporate governance on the east Asian financial crisis. Journal of Financial and Economics 64: 215-241. Moel, A. 1999. The role of information disclosure on stock market listing decisions: the case of foreign firms listing in the U.S.,” unpublished paper presented at the Harvard Business School, Boston, MA. Pagano, M., A. A. Roell, and J. Zechner. 2002. The geography of equity listing: Why do companies list abroad? Journal of Finance 57 (6): 2651-2694. Paek, W., L. H. Chen, and H. Sami. 2007. Accounting conservatism, earnings persistence and price multiples on earnings. working paper. Sunkyunkwan University, Arizona State University, and Lehigh University. Pilcher, C. J. 1955. Raising Capital with Convertible Securities. Michigan Business Study 21: 22-43. Pope, P.F., Walker, M., 1999. International differences in the timeliness, conservatism and classification of earnings. Journal of Accounting Research 37 (Supplement), 53-87. Qiang, X. 2007. The effects of contracting, litigation, regulation, and tax costs on conditional and unconditional conservatism: Cross-sectional evidence at the firm level. The Accounting Review 82 (May): 759-796 Reese, W., and M. Weisbach. 2002. Protection of minority shareholder interests, cross-listings in the united states, and subsequent equity offerings. Journal of Financial Economics 66 (Oct): 66-104. Roychowdhury, S., and R. L. Watts. 2007. Asymmetric timeliness of earnings, market-to-book and conservatism in financial reporting. Journal of Accounting and Economics 44 (January-February): 2-31. Saudagaran, S. M., and G. C. Biddle. 1991. Foreign stock listings: benefits, costs, and the accounting policy dilemma. Accounting Horizons: 69-80. Schenone, C. 2004. The effect of banking relationships on the firm’s IPOs underpricing. The Journal of Finance 59: 2903-2958. Seetharaman, A., F. A. Gul, and S. G. Lynn. 2002. Litigation risk and audit fees: evidence from UK firms cross-listed on US markets. Journal of Accounting and Economics 33: 91-115. Stulz, R. M. 1999. Globalization, corporate finance, and the cost of capital, Journal of Applied Corporate Finance, 12, 8-25. Watts, R. L. 2003a. Conservatism in accounting part I: Explanations and implications. Accounting Horizons 17 (September): 207-221. Watts, R. L. 2003b. Conservatism in accounting part II: Evidence and research opportunities. Accounting Horizons 17 (December): 287-301. Watts, R. L., and J. L. Zimmerman. 1986. Positive Accounting Theory. New Jersey: Prentice-Hall. Wittenberg-Moerman, R. 2008. The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market. Journal of Accounting and Economics, 46(2), 240-260. Wu, C., and C. Y. Kwok. 2002. Why do US firms choose global equity offerings? Financial Management 31 (Summer): 47-65. Zhang, X. 2000. Conservative Accounting and Equity Valuation. Journal of Accounting and Economics 29: 125-149. Zhang, J. 2008. The contracting benefits of accounting conservatism to lenders and borrowers. Journal of Accounting and Economics 45 (January): 27-45.en_US
dc.description.abstract本研究從資訊不對稱的角度,探討企業海外籌資是否會影響其會計穩健性,並同時考量海外籌資工具、發行地區、企業的公司治理是否會改變企業海外籌資對會計穩健性的影響。本研究以公司赴海外籌資時間點為基準,選取1992年至2011年間企業赴海外籌資之上市上櫃公司做為樣本,以每家赴海外籌資公司配對至多2間未赴海外籌資公司做為對照組,進行分析。 實證結果發現,公司在進行海外籌資後,由於海外市場的證券交易所對發行公司所加諸的管制與要求,會提高海外籌資公司的資訊揭露水準,因此公司投資人要求採行穩健會計的程度也較低。考量穩健程度對資訊不對稱的影響,以及資訊不對稱與海外籌資的關係後,發現企業會計穩健程度會影響海外籌資的意願。另外,海外籌資方式主要有發行海外可轉換公司債及海外存託憑證兩種方式籌資,本研究發現不同的籌資方式對企業海外籌資影響會計穩健性的影響程度不同。對於不同掛牌地區的法規制度差異,本研究也證實掛牌地區的法律制度會影響海外籌資對會計穩健性之影響。最後,發現赴海外籌資企業的公司治理程度,會影響企業海外籌資對會計穩健性的影響。zh_TW
dc.description.abstractThe article evaluates accounting conservatism of financial statements through information asymmetry, as well as considers whether the effects of overseas listing tools, areas of distribution and corporation management would affect the influence of overseas listing on accounting conservatism. With corporations’ overseas listing timing as the standard, listed companies that implemented overseas listing in 1992-2011 were selected as samples. Each overseas listing company was paired with no more than two overseas listing companies as the control group. Empirical results indicate, after a company executes overseas listing, the restraints and requirements added onto the issuing company by stock exchange of overseas market will increase the overseas listing company’s information disclosure, and leading to lower degree in employment of accounting conservatism requested by investors. Through the influence of conservatism degree on information asymmetry, as well as the relation between information asymmetry and overseas listing, it is found that degree of accounting conservatism affects willingness to carry out overseas listing. In addition, overseas listing approaches mainly include issuance of Euro convertible bonds and depository receipts. This study addresses the variation in the impact of different listing methods on accounting conservatism influenced by overseas listing. Different listing areas are investigated to demonstrate that listing area affects the influence of overseas listing on accounting conservatism. Finally, it is discovered corporate governance of an overseas listing company will affect the impact of overseas listing on accounting conservatism.en_US
dc.description.tableofcontents摘要 I ABSTRACT II 圖表目錄 IV 第一章 緒論 1 第一節 研究背景 1 第二節 研究動機與目的 2 第三節 研究流程與架構 4 第二章 文獻探討與假說發展 6 第一節 海外籌資 6 第二節 會計穩健性 9 第三節 海外籌資與會計穩健程度 13 第四節 不同海外籌資方式對會計穩健性之影響 15 第五節 海外籌資地區對會計穩健性之影響 16 第六節 公司治理對海外籌資公司會計穩健性之影響 18 第三章 研究設計與方法 19 第一節 樣本說明與資料來源 19 第二節 實證模型 20 第三節 變數定義與衡量 21 第四章 實證結果 26 第一節 敘述性統計分析 26 第二節 迴歸分析結果 33 第五章 結論、限制與建議 36 第一節 結論 36 第二節 研究限制與建議 37zh_TW
dc.subjectOverseas Listingen_US
dc.subjectAccounting Conservatismen_US
dc.subjectInformation Asymmetryen_US
dc.subjectEuro Convertible Bonden_US
dc.subjectDepositary Receiptsen_US
dc.titleOverseas Listing and Accounting Conservatismen_US
dc.typeThesis and Dissertationzh_TW
item.openairetypeThesis and Dissertation-
item.fulltextno fulltext-
Appears in Collections:會計學系所
Show simple item record

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.