Agency Problems and Accounting Conservatism
碩士 === 國立雲林科技大學 === 會計系 === 103 === Prior studies reveal the agency problem between controlling shareholders and minority shareholders is more critically in Taiwan. This study uses control-deviation of controlling shareholders, which is measured as the differential between controlling shareholders’...
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ndltd-TW-103YUNT03850142016-07-02T04:21:19Z http://ndltd.ncl.edu.tw/handle/25645212455574193491 Agency Problems and Accounting Conservatism 上市公司核心代理問題對會計保守性之影響 Tsai-Yun Yao 姚彩雲 碩士 國立雲林科技大學 會計系 103 Prior studies reveal the agency problem between controlling shareholders and minority shareholders is more critically in Taiwan. This study uses control-deviation of controlling shareholders, which is measured as the differential between controlling shareholders’ board seats and cash flow rights, to measure the agency problem, in turn, examines the association between a firm’s agency problem and accounting conservatism. This study conjectures that high control-deviation of controlling shareholders will result more accounting conservatism. This study follows Basu’s (1997) model and describes conservatism as resulting in earnings reflecting ‘bad news’ more quickly than ‘good news’, in turn, examining the association between controlling shareholders’ control deviation and accounting conservatism of listed firms in Taiwan. The empirical results reveal that the divergence between controlling shareholder’s control-deviation is positively associated with accounting conservatism and support the hypothesis. This study implements several diagnostic checks and documents the empirical results are robust to various specifications. Ching-Lung Chen Hann-Pyng Wang 陳慶隆 王翰屏 2015 學位論文 ; thesis 50 zh-TW |
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碩士 === 國立雲林科技大學 === 會計系 === 103 === Prior studies reveal the agency problem between controlling shareholders and minority shareholders is more critically in Taiwan. This study uses control-deviation of controlling shareholders, which is measured as the differential between controlling shareholders’ board seats and cash flow rights, to measure the agency problem, in turn, examines the association between a firm’s agency problem and accounting conservatism. This study conjectures that high control-deviation of controlling shareholders will result more accounting conservatism. This study follows Basu’s (1997) model and describes conservatism as resulting in earnings reflecting ‘bad news’ more quickly than ‘good news’, in turn, examining the association between controlling shareholders’ control deviation and accounting conservatism of listed firms in Taiwan. The empirical results reveal that the divergence between controlling shareholder’s control-deviation is positively associated with accounting conservatism and support the hypothesis. This study implements several diagnostic checks and documents the empirical results are robust to various specifications.
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author2 |
Ching-Lung Chen |
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Ching-Lung Chen Tsai-Yun Yao 姚彩雲 |
author |
Tsai-Yun Yao 姚彩雲 |
spellingShingle |
Tsai-Yun Yao 姚彩雲 Agency Problems and Accounting Conservatism |
author_sort |
Tsai-Yun Yao |
title |
Agency Problems and Accounting Conservatism |
title_short |
Agency Problems and Accounting Conservatism |
title_full |
Agency Problems and Accounting Conservatism |
title_fullStr |
Agency Problems and Accounting Conservatism |
title_full_unstemmed |
Agency Problems and Accounting Conservatism |
title_sort |
agency problems and accounting conservatism |
publishDate |
2015 |
url |
http://ndltd.ncl.edu.tw/handle/25645212455574193491 |
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