財務報表舞弊與公司治理對盈餘管理之影響：臺灣的實證

The impact of Financial Statement Fraud and Corporate Governance on Earnings Management: Taiwan Evidence

財務報表可表達公司的營運、財務及現金流量之狀況，且上市櫃公司須發布經會計師查核後的財務報表，故財務報表是投資人或其他利害關係人做決策的重要依據。上市櫃公司通常規模較大，利害關係人較多而影響層面也較廣，但若財務報表受到操弄或舞弊，可能導致投資人或其他利害關係人的權益受到損害。本文針對臺灣上市櫃公司探討財務報表舞弊與公司治理對盈餘管理之影響，樣本取自台灣經濟新報資料庫（Taiwan Economic Journal, TEJ），研究期間為2012至2021年，以裁決性應計數衡量盈餘管理，再以線性迴歸來探討臺灣上市櫃公司的財務報表舞弊與公司治理對盈餘管理之影響。實證結果發現董事會開會次數、經理人持股比率、董監事持股比率分別與盈餘管理呈現顯著正相關；董事會規模與盈餘管理呈現顯著負相關。

Financial statements can reflect the company's operations, financial condition, and cash flow. Listed companies are required to release financial statements audited by accountants, making these statements a crucial basis for investors and other stakeholders to make decisions. Typically, listed companies are larger in scale with more stakeholders and broader impacts. However, if financial statements are manipulated or fraudulent, it can damage the interests of investors or other stakeholders. This study examines the impact of financial statement fraud and corporate governance on earnings management in Taiwan-listed companies. The sample is drawn from the Taiwan Economic Journal (TEJ) database, covering the period from 2012 to 2021. Discretionary accruals are used to measure earnings management, and linear regression is employed to investigate the effects of financial statement fraud and corporate governance on earnings management in Taiwan-listed companies. The empirical results indicate a significant positive correlation between board meeting frequency, managerial ownership ratio, and director-supervisor ownership ratio with earnings management, while board size shows a significant negative correlation with earnings management.