財務報表為投資人監督公司營運的主要管道，過去大多著眼於企業揭露財務報表的金額，試圖尋找管理當局在數字背後所隱藏的訊息，近年來財務報表的文字敘述也漸漸受到關注，本研究以中文可讀性公式量化2013年至2018年台灣上市櫃公司之財務報表附註文字資訊，並分析管理當局帝國建立與財務報表可讀性之關聯性，結果顯示，若公司具有管理當局帝國建立之情形，則管理者可能利用複雜的文字降低財務報表可讀性，使投資人不易察覺管理者想掩蓋的訊息；而為了因應愈來愈複雜之企業營運環境，現行審計方法不斷強調了解受查客戶產業及業務環境的重要性，若公司由供應鏈會計師進行查核工作，因其同時查核供應鏈上、下游產生知識外溢之效果，可避免管理當局帝國建立降低財務報表可讀性之情形。

Financial statements are the main channel for investors to monitor the company's operations. Prior researches have focused on the amount of financial statements, trying to find the information hidden by the manager. In recent years, increasing importance has been attached to the textual description of the financial statements. This study measures the readability of Taiwan Stock Exchange financial statement footnote from 2013 to 2018 using the readability formula from Song et al. (2013). And I examine the relationship between financial statement footnote readability and managerial empire building and supply chain auditor. I find (1) the financial statement footnote with empire-building is harder to read and (2) supply chain auditor can avoid the decrease in financial statement footnote readability with managerial empire building.

壹、 緒論 1
一、 研究背景與動機 1
二、 研究目的 5
三、 研究架構 6
貳、 文獻回顧 7
一、 管理當局帝國建立 7
(一) 管理當局帝國建立之定義 7
(二) 管理當局帝國建立之相關文獻 8
二、 財務報表可讀性 13
(一) 財務報表可讀性之定義 13
(二) 財務報表可讀性之衡量 15
(三) 財務報表可讀性之相關文獻 19
三、 供應鏈會計師 23
(一) 供應鏈會計師之定義 23
(二) 供應鏈會計師之相關文獻 23
參、 假說發展與研究方法 25
一、 假說發展 25
(一) 管理當局帝國建立與財務報表可讀性 25
(二) 供應鏈會計師之影響 27
二、 實證模型建立 28
三、 變數衡量 29
(一) 應變數－財務報表可讀性(READ) 29
(二) 自變數－管理當局的帝國建立(MEB) 30
(三) 調節變數－供應鏈會計師(FIRM) 31
(四) 控制變數 32
四、 資料來源及樣本選取 37
(一) 資料來源 37
(二) 財務報表可讀性之資料蒐集及轉換 37
(三) 供應鏈會計師之資料蒐集 38
(四) 樣本選取 38
肆、 實證結果分析 41
一、 敘述性統計 41
二、 相關係數分析 45
三、 實證結果分析 47
四、 額外測試 52
(一) 字數取自然對數 53
(二) 句數取自然對數 55
(三) 高筆畫字元數取自然對數 57
(四) 段落數取自然對數 59
伍、 研究結論與建議 63
一、 研究結論 63
二、 研究限制 64
三、 研究貢獻 66
四、 未來研究建議 66
參考文獻 68

 

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