The relationship between the valuation adjustment in the third-level fair value and earnings management
碩士 === 輔仁大學 === 會計學系碩士班 === 104 === Most literature focused on the correlation between the amounts of fair values of financial assets/liabilities in different fair value level and stock price. However, this study distinguishes from past studies by focusing on the relationship between the valuation a...
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ndltd-TW-104FJU003850422017-08-12T04:35:12Z http://ndltd.ncl.edu.tw/handle/56978591056945017784 The relationship between the valuation adjustment in the third-level fair value and earnings management 第三類公允價值評價調整損益與盈餘管理之關聯性 Lee,Kuang-Yao 李光耀 碩士 輔仁大學 會計學系碩士班 104 Most literature focused on the correlation between the amounts of fair values of financial assets/liabilities in different fair value level and stock price. However, this study distinguishes from past studies by focusing on the relationship between the valuation adjustments of the fair value in the third level and earnings management. More specifically, this study investigates whether listed companies would use the valuation adjustments of the financial assets/liabilities which are marked-to-market by the third level fair value as a tool of earnings management. The empiricalresults show that when earnings are close to zero,managers tend to use the valuation adjustments of the fair value in the third level of the financial assets not held for trading to carry out earnings management. In addition, the adjustments of the fair values in the third level of the financial liabilities held for trading also exhibit significant relationship with discretionary accruals. This finding suggests that the adjustments of the fair values in the third level of the financial liabilities held for trading are also generally used as a tool to manage earnings. This study also conducted a number of sensitivity analysis on the above result, and proved that the experiment conclusion is highly credible. Lin,Yan-Ting 林彥廷 2016 學位論文 ; thesis 39 zh-TW |
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碩士 === 輔仁大學 === 會計學系碩士班 === 104 === Most literature focused on the correlation between the amounts of fair values of financial assets/liabilities in different fair value level and stock price. However, this study distinguishes from past studies by focusing on the relationship between the valuation adjustments of the fair value in the third level and earnings management. More specifically, this study investigates whether listed companies would use the valuation adjustments of the financial assets/liabilities which are marked-to-market by the third level fair value as a tool of earnings management. The empiricalresults show that when earnings are close to zero,managers tend to use the valuation adjustments of the fair value in the third level of the financial assets not held for trading to carry out earnings management. In addition, the adjustments of the fair values in the third level of the financial liabilities held for trading also exhibit significant relationship with discretionary accruals. This finding suggests that the adjustments of the fair values in the third level of the financial liabilities held for trading are also generally used as a tool to manage earnings. This study also conducted a number of sensitivity analysis on the above result, and proved that the experiment conclusion is highly credible.
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author2 |
Lin,Yan-Ting |
author_facet |
Lin,Yan-Ting Lee,Kuang-Yao 李光耀 |
author |
Lee,Kuang-Yao 李光耀 |
spellingShingle |
Lee,Kuang-Yao 李光耀 The relationship between the valuation adjustment in the third-level fair value and earnings management |
author_sort |
Lee,Kuang-Yao |
title |
The relationship between the valuation adjustment in the third-level fair value and earnings management |
title_short |
The relationship between the valuation adjustment in the third-level fair value and earnings management |
title_full |
The relationship between the valuation adjustment in the third-level fair value and earnings management |
title_fullStr |
The relationship between the valuation adjustment in the third-level fair value and earnings management |
title_full_unstemmed |
The relationship between the valuation adjustment in the third-level fair value and earnings management |
title_sort |
relationship between the valuation adjustment in the third-level fair value and earnings management |
publishDate |
2016 |
url |
http://ndltd.ncl.edu.tw/handle/56978591056945017784 |
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