| Summary: | 碩士 === 中原大學 === 會計研究所 === 89 === Abstracts
This study attempts to investigate that whether the public listed company will manipulate discretionary accruals, before and after the additional issuance of listed capital by cash, in order to raising adequate funds, and the relation between issuance of additional capital by cash and earnings management in Taiwan. Additionally, this work also explores the variation of net income before and after additional issuance of capital by cash. Furthermore, this investigation examines the relation between net income, discretionary accruals and the rate of return on stock. Finally, this study investigates whether the rate of return have a major impact on the earnings management policy.
The conclusions are as follows:
1. This study finds that there are earnings manipulations existed one year before the additional issuance of capital by cash in terms of the discretionary accruals. Regarding the net income item, the earnings manipulation policy significantly increases both one year and two years before the additional issuance. However, the other revenue items do not change before or after the additional issuance.
2.This work also finds that both discretionary accruals and net income have a positive relation with rate of return on stock before additional issuance of listed capital by cash.
3. This study also finds that the rate of return on assets has a significant impact on earnings management. The result also shows that the rate of return on assets has a significant impact on earnings manipulation, which is confirmed by examining the items of impact on other revenue, net income, and the discretionary accruals.
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