臺灣博碩士論文加值系統

自2008年行政院通過「推動海外企業來台掛牌一二三計畫」，吸引不同的外國新興企業及台商在第三地設立的公司來台掛牌，滿足投資人多元投資的需求，並提升資本市場國際化與競爭力。
但海外來台上市企業的當地法令與台灣法律差異頗大，股權架構複雜及營運資訊透明度較不佳。在近年爆發的康友KY及淘帝KY等之爭議性重大事件，企業從事盈餘管理的動機與行為，是值得各界重視的議題，尤其KY公司在資訊透明度經常受到質疑的情況下，更是如此。
本研究以台灣上市櫃公司為研究對象，研究期間為2017年-2020年，探討企業之財務報表與盈餘管理行為之關聯性。研究發現顯示，償付能力越低，企業較會進行盈餘管理，以及營業毛利率與企業盈餘管理有顯著的關聯性。
此外，本研究也發現顯示， KY公司的股價淨值比與企業盈餘管理有顯著的關聯性。

關鍵詞：KY公司、資訊透明度、盈餘管理、財務報表。

Since 2008, the Executive Yuan has passed the "123 Plan to Promote Overseas Enterprises to List in Taiwan", attracting different foreign emerging companies and companies established by Taiwanese businessmen in third places to list in Taiwan, meeting the needs of investors for diversified investment, and improving Internationalization and competitiveness of capital markets.
However, the local laws and regulations of overseas listed companies in Taiwan are quite different from those in Taiwan, with complex shareholding structures and poor transparency of operational information. In recent years of controversial and major incidents such as Pharmally(KY) and TOPBI(KY), the motivation and behavior of companies engaged in earnings management is an issue worthy of attention from all walks of life, especially when KY companies are often questioned about information transparency.
This research takes Taiwan listed and OTC companies as the research object, and the research period is from 2016 to 2020, to explore the correlation between the financial statements of enterprises and their earnings management behavior. Research findings show that the lower the solvency, the more likely the company will conduct earnings management, and there is a significant correlation between operating gross profit margin and corporate earnings management.
In addition, this study also found that there is a significant correlation between KY firm's PB and corporate earnings management.
Keywords：KY companies、Information Transparency、Earnings Management、Financial statements。

目 錄
中文摘要 ---------------------------------------------------- i
英文摘要 ---------------------------------------------------- ii
謝辭 -------------------------------------------------------- iii
目錄 -------------------------------------------------------- iv
表目錄 ------------------------------------------------------ v
圖目錄 ------------------------------------------------------ vi

第一章 研究動機與目的----------------------------------- 1
第一節 研究動機-------------------------------------------- 1
第二節 研究目的-------------------------------------------- 2
第三節 研究架構流程圖----------------------------------- 3
第二章 文獻探討與研究假說----------------------------- 4
第一節 文獻探討-------------------------------------------- 4
第二節 研究假說-------------------------------------------- 13
第三章 研究方法-------------------------------------------- 14
第一節 研究期間、資料來源與限制-------------------- 14
第二節 實證模型、變數定義----------------------------- 15
第四章 實證結果與分析------------------------------------ 22
第一節 敘述性統計------------------------------------------ 22
第二節 相關係數分析--------------------------------------- 26
第三節 迴歸分析--------------------------------------------- 33
第四節 敏感性分析------------------------------------------ 37
第五章 結論與建議------------------------------------------ 43
第六章參考文獻---------------------------------------------- 45

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