台灣上市電子公司研究發展費用與強制性盈餘預測關聯性之實證研究
碩士 === 國立彰化師範大學 === 商業教育學系 === 87 === This study explores the extent mandatory management forecast error affects R&D expenditure of electron firms listed on the Taiwan Stock Exchange. Our empirical results are consistent with the notion of strategic manipulation. First, firms with optimistic (pe...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
1999
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/26269072446213656979 |
| Summary: | 碩士 === 國立彰化師範大學 === 商業教育學系 === 87 === This study explores the extent mandatory management forecast error affects R&D expenditure of electron firms listed on the Taiwan Stock Exchange. Our empirical results are consistent with the notion of strategic manipulation. First, firms with optimistic (pessimistic) management forecasts appear to have less (greater) R&D expenditure. Second, among all optimistic and pessimistic firms, the partition with forecast errors closest to the 20% hurdle has significantly less R&D expenditure than either the partition with forecast errors exceeding the hurdle or the partitions with forecast errors well below the hurdle. The findings lend support to the significance of financial regulators’ hurdle rate decision.
|
|---|