The Corporation Governance and Earning ManagementIn Taiwan Stock Market

• Main Authors: Chih-Chang Chiu, 邱志昌
• Other Authors: Chien-liang Chiu
• Format: Others
• Language: en_US
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/12891988501942891968

博士 === 淡江大學 === 財務金融學系博士班 === 101 === This dissertation applies multiple variable panelregression analysis method to test the corporation governance and earnings management issue, and used discretionary accruals and free cash flow rate as the dependent variables. All corporate governance factors were found to have significant internal mechanisms in influencing discretionary accruals. The examination result showed that every independent variable constrains or expands discretionary accruals, and that the corporate governance system is successful for Taiwan listed companies. Again, we applied the free cash flow rate as the dependent variable, and finds that CEO shares do not influence the free cash flow rate, which did not have a significant effect in our examination. We also found that the CEO has the ability to manage discretionary accruals in positive discretionary accruals, but that it cannot manipulate discretionary accruals in negative discretionary accruals. This dissertation applies the free cash flow rate as the dependent variable to top 10 shareholders, independent directors, and boards of directors, independent inspector could influence free cash flow rate. These examinations prove the corporate governance progression in Taiwan stock market.