The Effect of Debt Monitoring on Value Relevance of Accounting Information
碩士 === 國立雲林科技大學 === 會計系研究所 === 100 === Generally speaking, investors always make decisions by financial statements which are offered by enterprises. But while a series of enterprises engaged in earnings management that makes financial reporting can not reflect the real operating situation. Therefore...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
2012
|
Online Access: | http://ndltd.ncl.edu.tw/handle/92338076809100085133 |
id |
ndltd-TW-100YUNT5385018 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-100YUNT53850182015-10-13T21:55:45Z http://ndltd.ncl.edu.tw/handle/92338076809100085133 The Effect of Debt Monitoring on Value Relevance of Accounting Information 債權人監督對會計資訊價值攸關性之影響 Huei-ru Chen 陳慧如 碩士 國立雲林科技大學 會計系研究所 100 Generally speaking, investors always make decisions by financial statements which are offered by enterprises. But while a series of enterprises engaged in earnings management that makes financial reporting can not reflect the real operating situation. Therefore, we can prevent the fraud happened by a complete corporate governance mechanisms. However, this issue of the corporate governance mechanisms, previous studies are mostly emphasis on the ownership structure or the monitoring of the directors and supervisors, but little has done on the issue of debt monitoring mechanisms. So, the purpose of this study want to examine the effect of debt monitoring and the earnings management behavior on the relative value-relevance of earnings and book value by public companies from 2005 to 2010. Value-relevance is measured by a regression of stock price on earning and book values which is based on Ohlson’s accounting-based valuation model. The empirical results show that in the circumstances of the high debt monitoring and the degree of earnings management is weak, it has a positive effects on the value-relevance of earning, but has a negative effects on the value-relevance of equity book values. Conversely, in the circumstances of the less debt monitoring and the degree of earnings management is strong, it has a negative effects on the value-relevance of earning, but has a positive effects on the value-relevance of equity book values. Chu-Yang Chien 簡俱揚 2012 學位論文 ; thesis 52 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立雲林科技大學 === 會計系研究所 === 100 === Generally speaking, investors always make decisions by financial statements which are offered by enterprises. But while a series of enterprises engaged in earnings management that makes financial reporting can not reflect the real operating situation. Therefore, we can prevent the fraud happened by a complete corporate governance mechanisms. However, this issue of the corporate governance mechanisms, previous studies are mostly emphasis on the ownership structure or the monitoring of the directors and supervisors, but little has done on the issue of debt monitoring mechanisms. So, the purpose of this study want to examine the effect of debt monitoring and the earnings management behavior on the relative value-relevance of earnings and book value by public companies from 2005 to 2010. Value-relevance is measured by a regression of stock price on earning and book values which is based on Ohlson’s accounting-based valuation model. The empirical results show that in the circumstances of the high debt monitoring and the degree of earnings management is weak, it has a positive effects on the value-relevance of earning, but has a negative effects on the value-relevance of equity book values. Conversely, in the circumstances of the less debt monitoring and the degree of earnings management is strong, it has a negative effects on the value-relevance of earning, but has a positive effects on the value-relevance of equity book values.
|
author2 |
Chu-Yang Chien |
author_facet |
Chu-Yang Chien Huei-ru Chen 陳慧如 |
author |
Huei-ru Chen 陳慧如 |
spellingShingle |
Huei-ru Chen 陳慧如 The Effect of Debt Monitoring on Value Relevance of Accounting Information |
author_sort |
Huei-ru Chen |
title |
The Effect of Debt Monitoring on Value Relevance of Accounting Information |
title_short |
The Effect of Debt Monitoring on Value Relevance of Accounting Information |
title_full |
The Effect of Debt Monitoring on Value Relevance of Accounting Information |
title_fullStr |
The Effect of Debt Monitoring on Value Relevance of Accounting Information |
title_full_unstemmed |
The Effect of Debt Monitoring on Value Relevance of Accounting Information |
title_sort |
effect of debt monitoring on value relevance of accounting information |
publishDate |
2012 |
url |
http://ndltd.ncl.edu.tw/handle/92338076809100085133 |
work_keys_str_mv |
AT hueiruchen theeffectofdebtmonitoringonvaluerelevanceofaccountinginformation AT chénhuìrú theeffectofdebtmonitoringonvaluerelevanceofaccountinginformation AT hueiruchen zhàiquánrénjiāndūduìhuìjìzīxùnjiàzhíyōuguānxìngzhīyǐngxiǎng AT chénhuìrú zhàiquánrénjiāndūduìhuìjìzīxùnjiàzhíyōuguānxìngzhīyǐngxiǎng AT hueiruchen effectofdebtmonitoringonvaluerelevanceofaccountinginformation AT chénhuìrú effectofdebtmonitoringonvaluerelevanceofaccountinginformation |
_version_ |
1718070221204357120 |