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中文論文名稱 審計委員會品質、產業專精會計師與企業債務資金成本之關聯性
英文論文名稱 The Association of Quality of Audit Committees and Auditor Industry Specialization on cost of debt
校院名稱 淡江大學
系所名稱(中) 會計學系碩士班
系所名稱(英) Department of Accounting
學年度 108
學期 2
出版年 109
研究生中文姓名 陳麒証
研究生英文姓名 Chi-Jeng Chen
學號 607600383
學位類別 碩士
語文別 中文
口試日期 2020-06-18
論文頁數 42頁
口試委員 指導教授-張雅淇
委員-徐志順
委員-張允文
中文關鍵字 審計委員會  產業專精  債務資金成本 
英文關鍵字 Audit Committees  Industry Specialization  cost of debt 
學科別分類
中文摘要 我國導入審計委員會制度主要目的是為了保障股東權益、強化董事會職能、發揮監察人功能、尊重利害關係人權益及提昇資訊透明度。但審計委員會是否具備足夠的能力與心力來增進公司治理是大家所關注的,但是,過去文獻較常以單一變數衡量審計委員會品質,這樣可能會導致忽略其他變數可能造成的影響,因此,本研究採用綜合指標來衡量審計委員會品質,以期能夠更全面的瞭解審計委員會品質的影響。本研究之主要目的乃在討論審計委員會品質與公司債務資金成本之關聯性,並進一步欲瞭解當聘任產業專精會計師時,若審計委員會品質較高,是否有助於降低債務資金成本。以2013年至2017年台灣已設立審計委員會之上市(櫃)公司為樣本。實證結果發現,雖然審計委員會品質較高時,債權人因為公司大都符合法規之最低要求而不願意信任企業,但在審計委員會品質較高並委任產業專精會計師之綜效下,債權人會因為產業專精會計師的聲譽與出類拔萃的查核技術而給予較高的信任與正面觀感,並更為信任公司的財務報表品質,因而有助於降低公司之債務資金成本,這樣的效果更顯著的發生在主副簽會計師皆為產業專精會計師的情況下。
英文摘要 The purpose of Taiwan introduction of the audit committee system is to protect shareholders' rights, strengthen the functions of the board of directors, operate the role of supervisor, respect the stakeholders, and enhance information transparency. Past studies use the size of the audit committee, whether the convener has expertise in finance (or accounting), the numbers of member with expertise in finance (or accounting) and expertise in corporate governance, frequency of meetings, and the attendance of members. We construct a comprehensive index to measure audit committee quality, and aim to comprehensively understand audit committee quality effect. We collect the data from publicly listed firms with audit committee from 2013 to 2017 to examine the interplay between audit committee quality, cost of debt, and the employment of an industry-specialist auditor. The result indicate that when hiring industry-specialist auditor, if the audit committee quality is high, it can increase the trust of creditors to reduce the cost of debt.
論文目次 目錄
第一章 緒論 1
第一節 研究背景及動機 1
第二節 研究目的 3
第二章 文獻探討 4
第一節 審計委員會品質與相關介紹 4
第二節 產業專精會計師 8
第三節 債務資金成本 10
第四節 假說推論 12
第三章 研究方法 14
第一節 資料來源及選樣標準 14
第二節 變數的定義與衡量 16
第三節 實證模型 21
第四章 實證結果 24
第一節 敘述性統計 24
第二節 相關係數分析 27
第三節 迴歸結果 29
第五章 結論與建議 32
第一節 研究結論 32
第二節 研究貢獻與限制 33
參考文獻 34
附錄 41
表目錄
表 1研究樣本篩選過程表 14
表 2產業及年度樣本分布表 15
表 3審計委員會品質之敘述性統計 24
表 4審計委員會品質評分之敘述性統計 25
表 5其他變數之敘述性統計 26
表 6相關係數 28
表 7審計委員會品質與債務資金成本關聯性之實證結果 30
表 8審計委員會品質與產業專精會計師對債務資金成本關聯性之實證結果 31


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