本研究旨在探討 2014 年至 2021 年間台灣上市櫃公司之公司治理評鑑等級以及機構投資人持股比例是否會對企業之盈餘屬性造成影響。過往研究大多僅研究盈餘的個別屬性，而本文採用 Francis et al. (2004)對盈餘屬性的分類，同時考量四種會計特性。並運用應計品質(Dechow and Dichev 2002)、盈餘持續性(Ali and Zarowin 1992; Lev 1983)、盈餘可預測性(Lipe 1990)及盈餘平穩化(Francis et al. 2004; Leuz et al. 2003) 探究哪一種會計特性之品質會受 CSR 品質（Corporate Social Responsibility, 以下簡稱CSR）和機構投資人持股比影響，以供利害關係人做決策時參考。本研究預期公司治理評鑑等級越高的企業，其盈餘屬性越佳，意即應計品質越好，盈餘可預測性、持續性、平穩程度越高；機構投資人持股比例越高的企業，其盈餘屬性越佳，意即應計品質越好，盈餘可預測性、持續性、平穩程度越高。實證結果顯示善盡企業社會責任的公司，其應計品質較佳、盈餘可持續性、盈餘可預測性及平穩程度較高；然而，機構投資人持股比例越高的公司，僅有盈餘可持續性較高。

This study aims to investigate the impact of corporate governance ranking and institutional ownership on earnings attributes based on accounting information of Taiwanese listed firms from 2014 to 2021 (Francis et al. 2004). Earnings attributes based on accounting information include accrual quality, earnings persistence, earnings predictability, and smoothness. In contrast to the previous studies that only focus on one attribute, this study considers four accounting-based attributes at the same time to investigate which attributes would be affected by Corporate Social Responsibility (CSR) and institutional ownership for the guidance of the stakeholder.
Besides, this study anticipates that the higher the corporate governance ranking, the better quality of accrual, and the more predictable、more persistent, and smoother earnings. Likewise, firms with higher institutional ownership are expected to have better earnings attributes. The empirical results show that companies with better CSR practices exhibit higher earnings attributes, indicated by higher accrual quality, earnings persistence, earnings predictability, and smoothness. However, companies with higher institutional ownership only exhibit higher earnings persistence.

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