| Summary: | 碩士 === 中原大學 === 會計研究所 === 103 === The world financial crisis triggered by the great economy recession has caused heavy losses to the global business in 2008. Many countries has taken the “fat-cat” issue seriously. Government Legislature has promulgated rules about standard operation procedures, hoped the fat-cat corporations could improve their own corporate governance. Therefore, this study examines whether the “fat-cat corporations” have any relationship with accrual or real based earning management behaviors. In order to overcome the endogeneous problem of sample selection bias, the propensity score matching method with Mahalanobis metric criteria, is used to choose those without fat-cat corporations but of same characteristics, such as size, market to book ratio, debt ratio, and corporate governances. The empirical results showed the “fat-cat corporations” has stronger relationship with accrual based earning management and real earning management, except with the tool of discretionary expenses.
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