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Value |
| Title: | 以C-Score衡量會計穩健性在臺灣的適用性 |
| Other Titles: | Measure of Accounting Conservatism for Taiwan Firms: Applicability of C-Score |
| Authors: | 王貞靜;潘虹華;戚務君
Wang, Chen-Chin ; Pan, Hung-Hua ; Chi, Wu-Chun |
| Contributors: | 會計系 |
| Keywords: | 盈餘穩健性;資訊不對稱;銀行新增貸款利率
Accounting conservatism;lnformation asymmetry;Bank loan pricing |
| Date: | 2012-12 |
| Issue Date: | 2014-02-19 15:15:32 (UTC+8) |
| Abstract: | 為解決Basu （1997）模型無法衡量個別公司跨年度的條件穩健性程度，Khan and Watts（2009）建構了一套得以估計跨公司與跨期間的會計穩健性估計式（以下簡稱為C-Score）。為提供該估計式於臺灣適用性的證據，本文首先依循Khan and Watts（2009）的驗證程序，實證C-Score在臺灣與其他穩健指標具有共同性；接著利用C-Score再驗證LaFond and Watts（2008）之主張穩健會計具有減緩企業資訊不對稱的效果，在臺灣同樣亦具有該功能與角色。最後，我們發現C-Score與企業債務資金成本呈現負向的關聯性。整體而言，本文提供臺灣證據支持C-Score的跨國適用性，並提供如何應用該估計值的實證分析。
To overcome a limitation of Basu's model (1997), with which researchers cannot examine the cross-sectional variation of asymmetric timeliness of earnings among firms, Khan and Watts (2009) estimate C-Score, which is a firm-year measure of conservative accounting, for Iisted firms in the U.S. Because the applicability of C-Score to non-U .S. firms has not been established, the first aim of the present paper is therefore to validate the application of C-Score to Taiwan companies. Second, using the measure, we confirm the theory that accounting conservatism can alleviate the problems of information asymmetry, using a more parsimonious model than the complex Basu-based method used in LaFond and Watts (2008). In addition, we use C-Score to show that conservative accounting decreases the cost of private debt. In sum, using Taiwan data, this paper replicates Khan and Watts by proving the applicability of C-Score, reproduces the findings of LaFond and Watts with a much more parsimonious model, and generates a novel application of C-Score. |
| Relation: | 會計審計論叢, 2(2), 1-31 |
| Data Type: | article |
| DCField |
Value |
Language |
| dc.contributor (Contributor) | 會計系 | en_US |
| dc.creator (Authors) | 王貞靜;潘虹華;戚務君 | zh_TW |
| dc.creator (Authors) | Wang, Chen-Chin ; Pan, Hung-Hua ; Chi, Wu-Chun | en_US |
| dc.date (Date) | 2012-12 | en_US |
| dc.date.accessioned | 2014-02-19 15:15:32 (UTC+8) | - |
| dc.date.available | 2014-02-19 15:15:32 (UTC+8) | - |
| dc.date.issued (Issue Date) | 2014-02-19 15:15:32 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/64004 | - |
| dc.description.abstract (Abstract) | 為解決Basu （1997）模型無法衡量個別公司跨年度的條件穩健性程度，Khan and Watts（2009）建構了一套得以估計跨公司與跨期間的會計穩健性估計式（以下簡稱為C-Score）。為提供該估計式於臺灣適用性的證據，本文首先依循Khan and Watts（2009）的驗證程序，實證C-Score在臺灣與其他穩健指標具有共同性；接著利用C-Score再驗證LaFond and Watts（2008）之主張穩健會計具有減緩企業資訊不對稱的效果，在臺灣同樣亦具有該功能與角色。最後，我們發現C-Score與企業債務資金成本呈現負向的關聯性。整體而言，本文提供臺灣證據支持C-Score的跨國適用性，並提供如何應用該估計值的實證分析。 | en_US |
| dc.description.abstract (Abstract) | To overcome a limitation of Basu's model (1997), with which researchers cannot examine the cross-sectional variation of asymmetric timeliness of earnings among firms, Khan and Watts (2009) estimate C-Score, which is a firm-year measure of conservative accounting, for Iisted firms in the U.S. Because the applicability of C-Score to non-U .S. firms has not been established, the first aim of the present paper is therefore to validate the application of C-Score to Taiwan companies. Second, using the measure, we confirm the theory that accounting conservatism can alleviate the problems of information asymmetry, using a more parsimonious model than the complex Basu-based method used in LaFond and Watts (2008). In addition, we use C-Score to show that conservative accounting decreases the cost of private debt. In sum, using Taiwan data, this paper replicates Khan and Watts by proving the applicability of C-Score, reproduces the findings of LaFond and Watts with a much more parsimonious model, and generates a novel application of C-Score. | en_US |
| dc.format.extent | 6624387 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (Relation) | 會計審計論叢, 2(2), 1-31 | en_US |
| dc.subject (Keywords) | 盈餘穩健性;資訊不對稱;銀行新增貸款利率 | en_US |
| dc.subject (Keywords) | Accounting conservatism;lnformation asymmetry;Bank loan pricing | en_US |
| dc.title (Title) | 以C-Score衡量會計穩健性在臺灣的適用性 | zh_TW |
| dc.title.alternative (Other Titles) | Measure of Accounting Conservatism for Taiwan Firms: Applicability of C-Score | en_US |
| dc.type (Data Type) | article | en |
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