题名

修正式無保留意見是否預告了公司不佳的經營績效？

并列篇名

Does Modified Unqualified Opinion Foresee a Poor Performance?

作者

黃旭輝(Hsu-Huei Huang)；林佳慧(Chia-Hui Lin)；黃一祥(I-Hsiang Huang)；張志向(Chih-Hsiang Chang)

关键词

修正式無保留意見 ； 公司治理 ； 董事會結構 ； 股權結構 ； modified unqualified opinion ； corporate governance ； board structure ； ownership structure

期刊名称

管理與系統

卷期/出版年月

18卷2期（2011 / 04 / 01）

页次

239 - 266

内容语文

繁體中文
中文摘要

修正式無保留意見是否預告了公司不佳的經營績效？是一個重要且尚未有人討論過的議題。本文以2000至2003年間收到此一審計意見的535個台灣上市公司作爲研究對象。結果發現收到修正式無保留意見的公司，其未來的經營績效的確低於產業的平均水準。而且，在六種不同的修正式無保留意見原因中，被簽發對繼續經營假設存有疑慮的公司，其後續的經營績效表現最差。此外，我們還進一步發現公司治理較佳的公司，受到此一審計意見負面訊息的影響較低，本文所稱的公司治理機制較佳包括有聘任外部董事的公司、非家族企業、內部人以及法人持股比率較高的公司。
英文摘要

Does modified unqualified opinion foresee a poor performance is a central but never discussed issue. We explore this story using a sample of 535 event companies listed on Taiwan Stock Exchange during 2000-2003. Our results show that firms receiving this auditing report would experience poor performance relative to their industry peers, furthermore, the companies would get a worst performance when this auditing opinion comes from a reason of going-concern. In addition, we find those firms with better corporate governance, including companies with outside directors, higher insider shareholdings, higher institutional shareholdings and non-family-owned business, would suffer less negative impact from this gloomy opinion.
主题分类 基礎與應用科學 > 統計
社會科學 > 財金及會計學
社會科學 > 管理學
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被引用次数
  1. 林嬋娟,林孝倫(2013)。臺灣審計研究之回顧與前瞻。會計審計論叢，3(1)，1-47。
  2. 張振山,王宏瑞(2022)。公司治理是否影響企業的經營績效？－家族與非家族企業的比較。證券市場發展季刊，34(2)，97-144。
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