| Summary: | 碩士 === 國立臺中科技大學 === 會計資訊系會計與財稅碩士班 === 100 === Corporate governance can be divided into two parts, internal mechanisms and external mechanisms. The effective operation of the board of directors is a core part of the internal mechanisms. Board member characteristics are not only relevant to the quality of the board, but also dominate the operational performance of board. And investors rely on financial information, management may be active or passive restatement the financial statements. Such financial early warning function of the restatement in the United States has long time for many years, and caused the attention of academic and practical circles. However, Taiwan-related research, such as rare. Furthermore, the quality of board affect restated financial statements, or even board members have political connection, whether further affect restated financial statements. These issues are discussed rarely in domestic literature.
The thesis objects listed companies from 2006 to 2010 in Taiwan, the integration of multiple characteristics of board member. Using a comprehensive index to assess the board member characteristics, and then to discuss the association with restatement. And further study the impact of the board of political connection on the restated financial statements. In the study, we reference Defond et al (2005), using seven indicators to calculate the quality score of board, and then integrated to construct a dummy variable to measure the quality of board. The empirical results show that the members of the board holding higher stocks, pledging ratio lower or the company size lager, the company are less likely to restated financial statements. So the quality of the board and restated financial statements are a significant negative relationship. In addition, high debt ratio will increase the possibility of restatement. The study also showed that the board of the political connection and restatement are a significant positive relationship.
|
|---|
