過去文獻指出代理問題易使管理階層產生帝國建立誘因，因管理階層可能基於自利誘因，會做出不利於公司整體或是利害關係人利益之行為，例如：故意隱藏部門別報導資訊，降低財務報表透明度，使公司其他利害關係人的利益受到損害。先前文獻探討了管理者帝國建立誘因與盈餘管理兩者間之關聯性，但從未針對實質盈餘管理當中的裁決性研發支出做深入探討。故本研究以2003年至2017年美國軟體業上市上櫃公司為樣本，探討管理者的帝國建立誘因是否會影響公司的裁決性研發決策。實證結果發現，當管理者的帝國建立誘因愈強烈，其傾向提高研發費用與研發資本化支出，以達到自身投機之目的。此外，本研究於額外測試中將應變數改為總研發支出再進行一次迴歸分析，實證結果發現，當管理階層之帝國建立誘因愈強烈時，其過度投資總研發支出之狀況會較投資不足嚴重。

Previous literature found that the managerial motivation of the empire building is a kind of agency problem. Managers may act on the basis of self-interest, which is not conducive to the benefits of the company or stakeholders. So, this paper use a sample of U.S. software firms from 2003 to 2017 to investigate the impact that managerial empire building has on discretionary R&D decision. I find that when managers with high incentives to build empire will increase R&D expense expenditure and R&D capitalization expenditure to achieve their self-interested activities. Furthermore, in additional tests, I change the dependent variable to total R&D expenditure to test the impact of managerial empire building. The empirical results show that when the managers with high incentives to build managerial empire, the situation of excessive investment in total R&D expenditure will be more serious than the underinvestment.

第一章 緒論……………………………………………………………1
第二章 文獻回顧……………………………………………………5
第一節 管理者之帝國建立誘因………………………5
第二節 研發支出……………………………………………………9
第三章 研究假說與方法……………………………………15
第一節 假說發展…………………………………………………15
第二節 實證模型建立…………………………………………20
第三節 變數衡量…………………………………………………21
第四節 資料來源與樣本篩選…………………………27
第四章 實證結果分析…………………………………………29
第一節 敘述性統計………………………………………………29
第二節 相關係數分析…………………………………………31
第三節 實證結果分析…………………………………………33
第四節 額外測試……………………………………………………39
第五章 研究結論與建議………………………………………43
第一節 研究結論與貢獻………………………………………43
第二節 研究限制與未來研究建議……………………44
參考文獻………………………………………………………………………47

陳建中，2016，銷管費用僵固性、帝國建立動機與公司治理個別機制之成效，當代會計，第17卷第2期： 131-171。
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