Browsing by Author "Ling-Ling Chang"

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An exploratory study of female directors’ constraint on real earnings management
(交通大學, 2017-12-01)
Ling-Ling Chang
;
Yue-Duan Guan
;
Daniel F. Hsiao
This paper aims to examine whether female directors affect firms’ earnings management activities. In recent years, gender diversity has emerged as a prominent topic of discussion in corporate governance. Most prior research into female directors’ relationships with regard to earnings management has primarily focused on accrual-based earnings management (AEM). It has been reported that post-SOX firms switched from accruals-based to real earnings management (REM) methods. Our study uses both earnings management proxies: the absolute value of discretionary accruals in AEM, and various proxies of REM. Empirical results from our Taiwanese sample indicate that firms with female directors have significantly less real earnings management, and the association is particularly driven by lower levels of reduction in discretionary expenditure, which remained unchanged even during the financial crisis of 2008-2010. However, we find a marginal mitigating effect on AEM only when the firm has a greater proportion of female directors. This study not only expands the literature on earnings management practice in emerging markets, but also provides policy implications for board gender diversity.
Earnings Management of Firms Just Meeting Zero-earnings Thresholds: The Stakeholders’ Perspective
(交通大學, 2015-12-01)
李淑華
;
簡雪芳
;
蔡彥卿
;
張玲玲
;
Shu-Hua Lee
本文以兩項觀點 (公司治理與審計品質將增加監控且降低盈餘管理之觀點，以及分析各利害關係人決策與企業決策關係之觀點)，探討董事長兼任總經理、獨立董監事、機構法人持股與大型會計師事務所查核與零盈餘門檻操控行為之關係。實證結果顯示獨立董監席次比率及機構法人持股比率，皆與零盈餘門檻操控為顯著正相關，而審計品質 (以四大會計師事務所查核衡量) 及董事長兼任總經理則與零盈餘門檻操控間不存在顯著關聯。該實證結果傾向支持由利害關係人決策與企業決策觀點解釋企業零盈餘門檻操控行為。本文並以Jacob and Jorgensen (2007) 之研究設計，發現台灣上市 (櫃) 公司存在會計年度年盈餘分配圖在零盈餘門檻附近存在不連續現象；另估計剛跨越零盈餘門檻公司 (小額正年盈餘公司組) 之實質盈餘管理與異常裁量性應計數，兩項平均值皆不顯著異於零，該結果與本文主張零盈餘門檻操控為小金額損益操控之想法一致。
台灣上市（櫃）審計市場競爭嗎？審計公費觀點
(國立交通大學經營管理研究所, 2019-01-01)
李貴富
;
陳韻珊
;
張玲玲
;
Kuei-Fu Li
;
Yun-Shan Chen
本文利用Simunic (1980)審計公費訂價架構檢視台灣上市（櫃）審計市場之競爭性，並採行傾向分數配對法修正大型事務所與非大型事務所間之可觀察特性差異所致的樣本選擇偏誤。實證結果發現無論針對大規模或是小規模的客戶，大型事務所均享有公費溢酬。另外，Rosenbaum邊界法結果顯示，上述實證結果對於因不可觀察之特性變數所產生的樣本選擇偏誤問題並不敏感。整體而言，本文結果支持大型事務所公費溢酬可能係審計品質差異性所致，且台灣上市（櫃）審計市場仍具競爭性的論點。