本研究旨在探討CEO的盡責性與盈餘管理行為之間的關聯，並分析公司永續績效在此關係中的調節作用。通過分析2002年至2017年間美國標準普爾1500公司的樣本，研究發現CEO盡責性與實質盈餘管理呈顯著負相關，顯示盡責性高的CEO較少進行實質盈餘管理。此外，研究進一步發現在公司永續績效較高的情況下，盡責性對盈餘管理的負向影響有所減弱，這表明高ESG績效的公司具有更完善的治理結構和更高的透明度，限制了人格特質上盡責程度較低的CEO進行盈餘管理的空間。而高ESG績效帶來的高期望和績效壓力，可能會促使盡責程度較高的CEO為了滿足利害關係人的期望，選擇盈餘管理作為達成短期目標的手段。這些結果強調了CEO人格特質及公司永續績效在盈餘管理中的重要性，並對投資者、監管機構及企業管理階層提供了有價值的見解。

This study aims to investigate the relationship between CEO conscientiousness and earnings management behaviors and to analyze the moderating role of corporate sustainability performance in this relationship. By analyzing a sample of S&P 1500 companies from 2002 to 2017, the study finds a significant negative correlation between CEO conscientiousness and real earnings management, indicating that more dedicated CEOs engage less in real earnings management. Furthermore, the study reveals that in companies with higher sustainability performance, the negative impact of conscientiousness on earnings management is weakened. This suggests that companies with high ESG performance have better governance structures and higher transparency, thereby limiting the space for CEOs to manage earnings. These findings highlight the importance of CEO personality traits and corporate sustainability performance in earnings management and provide valuable insights for investors, regulatory agencies, and corporate management.

中文文獻
陳慶隆、周儀芳、王翰屏（2014）。實質盈餘管理與會計資訊價值攸關性之關係－機構投資者中介角色之檢測。商管科技季刊，15(3)，279-317。https://www.airitilibrary.com/Article/Detail?DocID=19948107-201409-201501160058-201501160058-279-317

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