题名

從企業生命週期探討應計項目異常現象

并列篇名

Accrual Anomaly over the Firm Life Cycle

DOI

10.6552/JOAR.2010.51.4

作者

曹壽民(Shou-Min Tsao)；連威豪(Wei-Hao Lien)；劉奕孜(Yi-Tzu Liu)

关键词

應計項目 ； 生命週期 ； 應計項目異常現象 ； 現金流量 ； Accruals ； Accrual anomaly ； Firm's life cycle ； Cash flows

期刊名称

會計評論

卷期/出版年月

51期（2010 / 07 / 01）

页次

107 - 143

内容语文

繁體中文
中文摘要

本研究探討公司所處的生命週期是否會影響盈餘組成份子的持續度與應計項目異常現象。實證結果發現：(1)成長期公司現金流量的持續度會小於成熟與衰退期的公司；成長期公司現金流量的持續度也會小於應計項目的持續度。(2)衰退期公司應計項目的持續度小於成長與成熟期的公司。(3)投資人無法正確反應企業生命週期對現金流量與應計項目持續度的影響。(4)由於股市無法正確評估企業生命週期對盈餘組成份子持續度的影響，因此在不同生命週期下，基於應計項目異常現象所發展的投資組合策略，可獲得超額報酬；另外，基於生命週期與應計項目異常現象所發展的聯合投資策略，可獲得12.80%的年度超額報酬，遠大於只基於應計項目異常現象所獲得的超額報酬(5.3%)。
主题分类 社會科學 > 財金及會計學
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被引用次数
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  11. 鄭哲惠、張嘉文、王兼善(2015)。現金流量資訊衡量電子業的企業生命週期之概況：兼論其對盈餘攸關性之影響。東吳經濟商學學報，91，61-80。
  12. (2024)。企業生命週期與成本僵固性關聯性：經營策略的調節效果。會計審計論叢，14(1)，111-165。
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