A Fuzzy-Set Qualitative Comparative Analysis of the Relationship Between Accounting Earnings Quality and Investment-Cash Flow Sensitivity

• Main Authors: CHEN,CHING-WEN, 陳靖玟
• Other Authors: Wang,Han-Min
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/w8m66w

碩士 === 逢甲大學 === 會計學系 === 107 === After the 2008 financial turmoil, the value of cash holdings has changed. This paper attempts to examine whether the investment-cash flow sensitivity after the financial crisis has been affected and to explore the role of accounting quality plays in the sensitivity reduction. We adopt the fuzzy-set qualitative comparative analysis (fsQCA) to assess the relationship between accounting quality and investment-cash flow sensitivity of Taiwan’s listed firms during the period 2010-2016. The fsQCA model analyzes various combinations of causal relationships with all independent variables as configuration conditions, and further observes various combinations including different control variables. The findings of empirical results show that accounting quality can reduce the investment-cash flow sensitivity under different causal configurations.