【作者】 康瑞亨；

【导师】 於鼎丞；

【作者基本信息】 暨南大学 ， 财政学， 2010， 博士

【摘要】 近年来,随着国际间经济活动日益频繁的影响,导致跨国企业为求优化配置内部资源,常会透过关联方之间转让定价交易的安排,来规避税负或进行盈余管理。本研究认为企业可能会因台湾实施「营利事业所得税不合常规移转订价查核准则」而进行盈余管理。因此,本文将以台湾上市公司转让定价与盈余管理之实证研究作为研究主题进行实证,探讨转让定价是否为盈余管理的工具之一。本文以2002年第一季至2006年第四季之台湾上市公司为研究对象,排除金融保险、证券业与资料不足或遗漏之公司,样本公司共597家等27个产业,研究资料为横断面与纵断面混合资料(panel data)。因此,本研究以panel regression model作为实证研究之方法,并建立联立回归模型进一步了解盈余管理与转让定价是否存在互为影响之关系。本研究的第一项研究议题-影响台湾上市公司转让定价策略之可能因素。实证结果发现,获利能力(ROA)愈佳与举债程度愈高之企业,愈会透过转让定价将盈余保留在位于租税天堂之子公司或其他关联企业。第二项研究议题-测试转让定价是否为管理阶层从事盈余管理的工具之一。实证结果发现盈余管理的裁决性应计数会受到转让定价之影响,表示转让定价为台湾上市公司做为盈余管理之工具之一。因此,本研究基于上述研究结论爰提出建议如下：(一)建议税务主管机关对于长期负债比率偏高之企业,应多加留意。(二)建议证券主管机关,应重新检讨台湾地区财务报表以母子公司个别财务报表为主要报表之合适性,另基于增加财务透明度的考虑,亦建议应加强关联方交易相关资料之揭露与规范。(三)建议企业于推动公司治理所面临的种种问题,应从体制面寻求长期可行的解决方案。(四)建议并呼吁会计从业人员应加强及大力恪遵职业道德规范。更多还原

【Abstract】 In recent years, the trends of globalization and the growing body of international economic activities push up the industries going global. Consequently, leading the multinational business generally utilize transfer pricing among their related party for avoiding the tax paid or managing earnings. This dissertation argues that Taiwan corporations might manage their earnings due to the implementation of the Act of Regulations Governing Assessment of Profit-Seeking Enterprise Income Tax on Non-Arm’s Length Transfer Pricing in Taiwan. Therefore, this dissertation focuses on the impact of transfer pricing on the earning management and discusses whether the transfer pricing is one of the means in earnings management.This study collects the firms that had ever listed in Taiwan Stock Exchange from 2002 to 2006. Samples from finance, insurance, and security industries are excluded, as well as the samples with missing data. Finally,597 firms from 27 industries are obtained in form of panel data. Based on the panel regression model, I construct simultaneous regression models for investigating the interaction between the earnings management and the transfer pricing.The first issue of this paper is to find out the factors what affects transfer pricing strategy among Taiwan listed firms. The empirical results show that the firm with higher profit ability and leverage level tend to keep profit at subsidiary who set up at tax-haven by transfer pricing. The second issue of this research is to detect whether the transfer pricing is one of the means in earnings management. The empirical results exhibit the discretionary accruals of earnings management is affected by transfer pricing. This results imply transfer pricing is a mean of earnings management.According to empirical results, this paper addresses four suggestions. First, tax authority should take notice of the firms with higher leverage ratio for a long run. Second, security authority have to review the applicability of the regulation that separate parent and subsidiary company’s financial statement for a main statement in Taiwan, and strengthen the information disclosure among related parities base on information transparency. Third, when corporations face any problems during driving corporate governance should discover the long-term solution projects from frame side. Forth, sthength the ethics of accounting practitioners.更多还原