The relation between central agency problem ， financial statement and earnings management

• Main Authors: Ya-Chiung Lin, 林雅瓊
• Other Authors: Banghan Chiu
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/20191263187910407808

碩士 === 元智大學 === 管理研究所 === 96 === In recent years， there are more and more phenomena of enterprise fraudulence and misappropriation which result from the non-transparency of the enterprise information. However， Taiwan economy is in turmoil because the supervision of Taiwan government and the execution of management of the company are obviously insufficient， and inquiring into its reason ， it might be central agency and the behavior of earnings management. Therefore this article is to study the corporate governance (traditional agency and central agency) and earnings management of the listed company in Taiwan from 1997 to 2006 ， further to study the impact of the quality of financial statement on earnings management， and to get a more complete research. So Taiwan government and the enterprise can put great emphasis on corporate governance and help the government enterprise to set up the mechanism to avoid the principal to harm other investors’ rights because of the personal interest. The research discovers the following results: 1. In traditional agency， pledged share ratio and family holding ratio are significantly negative related to enterprise value and earnings management. Managerial stockholdings and block holder stock holding ratio are significantly positive related to enterprise value and earnings management. 2. In central agency， the higher Deviation Rate between cash flow and voting rights， there are negative entrenchment effects when stockholders do not coincide in interest. The higher Deviation Rate between control stockholder rights and cash flow， the more degree the 　 control stockholder exploit minor stockholder 3. Times of financial restatement， and auditors opinion are significantly negative related to earnings management. 4. the mediating effect of financial statement quality