| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 106 === This study aims to explore whether the publicly traded company has increased the quality of its financial statements by paying more attention to corporate governance mechanisms after the corporate governance evaluation system implemented by Taiwan Stock Exchange (TWSE) and Taipei Stock Exchange (TPEx). In 2015, the first round, TWSE and TPEx announced the first corporate governance evaluation results for the companies ranked in the top 20% of TWSE/TPEx listed companies. In 2016, they announced the second corporate governance evaluation results for the companies ranked in the top 50% of TWSE/TPEx listed companies. Starting from 2017, the rankings results for all TWSE/TPEx listed companies were announced. Accordingly, this study examined weather the gradually improve the ranking content of the evaluation system, the company would pay more attention to the results, then improve its quality of governance (to restrain the use of the absolute value of discretionary accruals).
The empirical results show that based on the first round evaluation results, the function of corporate governance is positively correlated with the absolute value of the discretionary accruals. Whereas based on the results in the second and third rounds, there are negative correlated between the function of corporate governance and the proxy of earnings quality. To sum up, it indicates that increasing the disclosure of corporate governance assessment results, the company gradually improve their implementation of corporate governance system. . However, the coefficients of corporate governance are negative and significantly in all three models only in the second round.
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