台灣公開發行公司違約預警模型之建立—加入盈餘管理變數後之影響
碩士 === 東吳大學 === 國際貿易學系 === 94 === In recent studies, failure prediction models were constructed on the basis of financial numbers, but windows dressing effects on financial statement always cause bias on failure prediction model. In this study I used the Jones Model and the Modified Jones Models to...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/81552972486282882144 |
| Summary: | 碩士 === 東吳大學 === 國際貿易學系 === 94 === In recent studies, failure prediction models were constructed on the basis of financial numbers, but windows dressing effects on financial statement always cause bias on failure prediction model. In this study I used the Jones Model and the Modified Jones Models to estimate discretionary accruals of each sample and then calculated the standard error of discretionary accruals for each sample to evaluate the degree of earnings manipulation. All data were from TEJ data base center.
In this study we found that failure firms indeed have larger total accruals and discretionary accruals than non failure firms. The failure prediction models of adding earnings management variable are not significantly better than pure financial ratio model. I suggested the earnings management variable should be used as other measurement variable other than be added in failure prediction model directly.
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