系統識別號 | U0002-1507201512212300 |
---|---|
DOI | 10.6846/TKU.2015.00413 |
論文名稱(中文) | 中國企業之董事會多樣性、企業社會責任與盈餘管理的關聯性研究 |
論文名稱(英文) | The Study of the Relationships among Diversity in the Boardroom, Corporate Social Responsibility, and Earnings Management in China |
第三語言論文名稱 | |
校院名稱 | 淡江大學 |
系所名稱(中文) | 會計學系碩士班 |
系所名稱(英文) | Department of Accounting |
外國學位學校名稱 | |
外國學位學院名稱 | |
外國學位研究所名稱 | |
學年度 | 103 |
學期 | 2 |
出版年 | 104 |
研究生(中文) | 黃美娟 |
研究生(英文) | Mei-Juan Huang |
學號 | 602600586 |
學位類別 | 碩士 |
語言別 | 繁體中文 |
第二語言別 | |
口試日期 | 2015-06-07 |
論文頁數 | 79頁 |
口試委員 |
指導教授
-
徐志順(cshsu@mail.tku.edu.tw)
委員 - 鄭佳綾(075024@mail.fju.edu.tw) 委員 - 林芳綺(140207@mail.tku.edu.tw) |
關鍵字(中) |
董事會多樣性 企業社會責任 實質盈餘管理 |
關鍵字(英) |
board diversity corporate social responsibility real earnings management |
第三語言關鍵字 | |
學科別分類 | |
中文摘要 |
本研究探討董事會多樣性是否會抑制盈餘管理,並檢驗企業社會責任與盈餘管理之關聯性,進一步分析董事會多樣性是否會調節企業社會責任與盈餘管理之關係。本研究以2013年中國滬深300指數成份股為樣本,針對董事會組成(性別、年齡、獨立董事、兼任CEO、規模)的多樣性指標,探討其對中國企業實質盈餘管理之影響。實證結果指出,董事會多樣性較高時,較能抑制實質盈餘管理,且較不會以操控銷貨的方式進行;若董事會成員的年齡愈集中、董事會規模愈大,則實質盈餘管理的程度愈小。此外,企業社會責任與實質盈餘管理呈顯著負相關,其中當企業社會責任履行愈佳,愈不會透過刪減裁決性支出管理盈餘。當董事長和CEO為同一人時,企業社會責任與實質盈餘管理之間的負向關係更為強烈,亦即董事長兼任CEO具有負向調節效果。本研究之貢獻除補充董事會相關之管理文獻外,亦提供中國企業制定董事會機制決策之實務參考。 |
英文摘要 |
This study aims to examine whether board diversity constrains earnings management (EM), to investigate the relationship between corporate social responsibility (CSR) and EM, and further to ascertain whether board diversity moderates the relationship between CSR and EM. The study uses real earnings management (REM) as the proxy variable for listed companies in China Security Index 300 (CSI 300) in 2013, and employs the demography of board members as composite diversity index to explore its effect on REM. The findings of the study show a negative relationship between board diversity and REM. Firms with higher board diversity are less likely to manage earnings through sales manipulation. Further analysis indicates that centralized age of board member and big size of board reduce REM. Moreover, a negative relationship exists between CSR and REM, particularly for firms with well-developed CSR tending to constrain REM through reduction of discretionary expenditures. Furthermore, there exists negative moderating effect of duality on the relationship between CSR and REM. The contribution of the study, in addition to supplementing the existing management literature of the boardroom, provides practical reference for executives of China companies on their policies for the boardroom mechanism. |
第三語言摘要 | |
論文目次 |
第壹章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 3 第三節 研究流程 4 第貳章 文獻探討與假說 6 第一節 盈餘管理 6 第二節 董事會多樣性 10 第三節 董事會多樣性與盈餘管理 11 第四節 企業社會責任 17 第五節 企業社會責任與盈餘管理 22 第六節 董事會多樣性之調節效果 26 第參章 研究方法 28 第一節 研究架構 28 第二節 資料來源與樣本選取 30 第三節 變數定義與研究模型 31 第四節 資料分析方法 41 第肆章 實證結果 42 第一節 敘述性統計 42 第二節 相關性分析 44 第三節 多元迴歸分析 46 第四節 敏感性分析 53 第伍章 結論與建議 61 第一節 研究結論 61 第二節 管理意涵 64 第三節 研究限制與建議 65 參考文獻 66 表目錄 表 2-1:企業社會責任與盈餘管理研究彙整表.......................................................25 表3-1:研究假說彙整表...........................................................................................29 表3-2:樣本選取過程...............................................................................................30 表3-3:企業社會責任發展狀況...............................................................................35 表3-4:產業分類彙整表...........................................................................................39 表4-1:敘述性統計...................................................................................................43 表4-2:樣本比例次數分配表...................................................................................44 表4-3:各變數間之Pearson 相關係數矩陣.............................................................45 表4-4:異常現金流量(Abn_CFO)之迴歸結果...................................................48 表4-5:異常生產成本(Abn_PROD)之迴歸結果................................................49 表4-6:異常裁決性支出(Abn_DISX)之迴歸結果..............................................50 表4-7:實質盈餘管理綜合指標(REM_index)之迴歸結果................................51 表4-8:董事會多樣性、企業社會責任與實質盈餘管理之迴歸結果彙整表.......52 表4-9:敏感性分析-實質盈餘管理綜合指標(REM_PR)之迴歸結果...............54 表4-10:敏感性分析-異常現金流量(Abn_CFO)之迴歸結果...........................56 表4-11:敏感性分析-異常生產成本(Abn_PROD)之迴歸結果.........................57 表4-12:敏感性分析-異常裁決性支出(Abn_DISX)之迴歸結果.......................58 表4-13:敏感性分析-實質盈餘管理綜合指標(REM_index)之迴歸結果.........59 表4-14:敏感性分析-董事會多樣性、企業社會責任與實質盈餘管理之迴歸 結果彙整表.................................................................................................60 圖目錄 圖 1-1:研究流程圖.....................................................................................................5 圖2-1:四位一體理論模型.......................................................................................21 圖3-1:研究架構圖...................................................................................................28 |
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