Internal Control Disclosures and Relationship-Specific Investments

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基本資料

Project title

Code/計畫編號

NSC101-2410-H424-013

Translated Name/計畫中文名

內部控制揭露與關係特定投資

Project Coordinator/計畫主持人

Shu-Miao Lai

Funding Organization/主管機關

National Science and Technology Center for Disaster Reduction

Department/Unit

Department of Accounting, KNU

Website

https://www.grb.gov.tw/search/planDetail?id=2578558

Year

2012

Start date/計畫起

01-08-2012

Expected Completion/計畫迄

31-07-2013

Bugetid/研究經費

381千元

ResearchField/研究領域

財政（含金融，保險）

本研究計劃探討內部控制揭露是否影響揭露公司的顧客與供應商之關係特定投資決策。過去研究(Kinney 2000)指出，由於內部控制品質將影響顧客與供應商未來的財富，故顧客與供應商相當重視公司的內部控制品質。本研究假設，內部控制揭露提供有用的資訊給顧客與供應商作為關係特定投資決策之參考依據，進而改變其關係特定投資決策。本研究有以下幾點預期研究發現。首先，本研究檢驗並預期公司揭露重大性內部控制缺失與顧客/供應商之關係特定投資之變動呈負向關係。其次，相對於會計科目層級之重大性內部控制缺失，公司層級之重大性內部控制缺失較能解釋為何顧客與供應商將減少其關係特定投資。第三，重大性內部控制缺失對與顧客/供應商的交易關係有負面效果。此外，當公司具有公司層級之重大性缺失時，此負面效果將愈加顯著。整體而言，本研究計劃提供新證據顯示，顧客與供應商在作關係特定投資決策時，將納入公司的內部控制品質作為考量依據。亦即，公司之內部控制的揭露將提供有用的資訊給顧客與供應商，進而影響顧客與供應商的關係特定投資決策。 This study investigates the association between internal control disclosure and relationship-specific investments by suppliers/customers. Previous research suggests that customers and suppliers have an interest in internal control quality and wish to be assured that a higher-quality internal control process is in place (Kinney 2000). If the disclosure of internal control weaknesses is informative about future returns of relationship-specific investments by customers/suppliers, then information in the internal control disclosures could affect relationship-specific investment decisions. First, I expect that, on average, customers/suppliers will reduce their relationship-specific investments if the firm discloses a material weakness. That is, there is negative association between relationship-specific investment by customers/suppliers and the material weakness disclosures. Second, I expect that changes in relationship-specified investments of customers/suppliers have a stronger negative association with company-level material weaknesses than account-level material weaknesses. Third, I expect that the disclosure of material weakness may adversely affect the duration of customer-supplier relationship. This adverse effect on the duration of customer-supplier relationship is stronger when firm with company-level material weakness. Overall, my study attempts to provide evidence that a firm’s internal control quality has effect on relationship-specific investments by suppliers/customers because customers/suppliers take into account the quality of internal control over financial reporting when making investment decisions.

Keyword(s)

內部控制缺失
關係特定投資
404條款
internal control weaknesses
relationship-specific investments
Section 404 reporting

DSpace CRIS

Internal Control Disclosures and Relationship-Specific Investments

基本資料

Description