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• Main Authors: Cheng-tai Li, 李承泰
• Other Authors: Yen-pao Chen
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/99089622638442872403

碩士 === 東吳大學 === 會計學系 === 99 === The research about state-owned enterprises to be privatized is usually focused on operating performance what is called the quantity measurement, however, ignoring earnings persistence what is called the quality measurement. This study enlarges the research about state-owned enterprises to be privatized by testing the quantity and quality before and after the privatization simultaneously. In the quantity part, the study uses three achievement targets to compare operating performance before and after the privatization. In the quality part, this study uses earnings persistence to be the presentation of earnings quality to compare the earnings quality before and after the privatization. Further, we confer the relationship between earnings persistence and national hold ratio. Besides, we distribute the earnings into cfo components of earnings and accrual components of earnings to compare the earnings persistence between them. The study results indicate that in the quantity part the operating performance improves after privatization. In the quality part, the earnings persistence will decrease after privatization, and we find that the national hold ratio has a positive relation with the earnings persistence. But, we can’t prove that if privatization will significantly affect the relation between them. Besides, we find that the earnings persistence of cfo components of earnings is higher than the earnings persistence of accrual components of earnings.