臺灣企業會計盈餘已被證實具備穩健的特性，惟樣本所採用之盈餘，並未特別排除發生虧損公司，因此，本文根據Basu(1997)的理論模型為基礎，以臺灣自2003年至2012年發生損失的公司為樣本，探討損失企業的穩健程度相較於獲利公司的穩健程度有何差別意涵。
本研究目的主要有下列三項：(1)提供證據說明近十年來，臺灣資本市場損失公司的發生情況、損失大小及盈餘穩健狀況，以作為未來研究人員探討我國損失公司的基礎。(2)檢視臺灣資本市場損失公司與獲利公司盈餘穩健程度的差異，以瞭解損失公司盈餘穩健程度是否較獲利公司為高，俾印證穩健原則對壞消息的及時性作用是否存在於臺灣的資本市場中。(3)檢視臺灣資本市場損失公司的盈餘若由虧轉盈，其財務報表盈餘穩健程度是否會變小，以瞭解臺灣資本市場中是否存在損失迴轉的效果。
經實證發現：(1)臺灣發生虧損公司的盈餘穩健有隨時間變動而遞增的趨勢。(2)臺灣資本市場中上市櫃的損失公司其盈餘穩健程度較獲利公司為高。(3)損失公司之好消息所產生的正報酬變動於下一會計期間，會較獲利公司之好消息所產生的正報酬變動有較大的迴轉程度。同時損失公司壞消息所產生的負報酬變動於下一會計期間，會較獲利公司之壞消息所產生的負報酬變動有較小的迴轉程度。因此，損失公司所產生的損失迴轉現象，與盈餘穩健所具備的可驗證性(如好消息)、及時性(如壞消息)及認列不對稱性(如好消息與壞消息的認列)有關。

Most papers have proved that Taiwan public-traded firms already have conservative accounting earnings, but sample data didn’t exclude losses companies. Based on theoretical model of Basu(1997), this paper tested losses firms from 2003 to 2012 in Taiwan stock market and discussed their conservatism compared with profit companies.
This study has three main purposes, they are(1) provided evidence of occurrence, size and conservative status for losses firms in Taiwan capital market over the past decade.(2) examine the earnings conservatism differences between losses companies and profit companies in Taiwan capital market, and understand whether the earnings conservatism of the loss company is higher than that of profit company, and to prove conservatism of bad news exactly exist in Taiwan capital markets.(3) examine when loss company's earnings from negative to positive, its earnings conservatism whether could be smaller, and understand whether loss reverse effect exactly exist in Taiwan capital market.
Empirical results indicate that：(1) earning conservatism of losses firms becomes increasing with time trending.(2) earning conservatism of losses firms is higher than that of profit firms in Taiwan capital markets.(3) compared with the profit companies, the positive returns change from good news for loss firms has greater reverse effect in the next accounting period, meanwhile, compared with profit companies, the negative returns change from bad news for loss firms has smaller reverse effect in the next accounting period in Taiwan capital market. Therefore, the reverse effect of loss firms is related with verifiability, timeliness and asymmetric verifiability of earnings conservatism.

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