本研究旨在探討新上市公司會計師事務所聲譽與承銷價格、上市價差及盈餘管理間之關係。上市價差或上市初期超額報酬率在台灣為一既存之事實，通常新股上市後有「蜜月期」之現象，蜜月期之形成乃因上市承銷價格的訂定與投資人的共同想法不一致所致，為何會產生蜜月期和上市價差，其理論及形成原因尚有待國內深入研究。美國有一支研究係在探討會計師事務所聲譽資產與上市價差之關係，本研究爰用該研究之理論以檢視會計師事務所聲譽與上市價差之關係。其次，上市承銷價格的訂定，其主要變數皆與會計資訊有關，因此新上市公司上市前具有動機透過應計項目之管理以操縱財務報表上的數字，俾增高其承銷價格，提高原發行者之財富。

一般而言，會計師事務所之規模愈大，愈願意維持其聲譽資產，簽證功能之發揮較有效，審計品質愈好，因此會計師事務所聲譽較高者，其簽證公司之上市承銷價格將較高，而減少上市價差及超額報酬率。另一方面，會計師所執行之審計工作，對會計資訊而言，具有監督制衡的功能，故會計師事務所聲譽較高者，其簽證公司於上市前採行應計項目之管理以操縱損益俾提高承銷價格之程度將較是以本研究設立三項研究假設(一)聲譽較高會計師事者所簽證的公司，其承銷價格比聲譽較低會計師事務所簽證的公司為高: (二)聲譽較高會計師事務所簽證的公司，其超額報酬率比聲譽較低會計師事務所簽證的公司為低(三)聲譽較高會計師事務所簽證的公司，其採行增加盈餘之應計項目變動的程度比聲譽較低會計師事務所簽證的公司為低。

實證研究結果顯示(一)聲譽較高與聲譽較低會計師事務所簽證的公司之間，承銷價格無顯著差異(二)聲譽較高與聲譽較低會計師事務所簽證的公司之間，超額報酬率無顯著差異(三)聲譽較高與聲譽較低會計師事務所簽證的公司之間，應計項目之管理亦無顯著差異。亦即無法自本研究的理論於國內得到顯著結果之結論。

一、中文部分:
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3. 李振銘，我國股票上市公司自願性會計原則變動誘因之研究」，國立政治大學會計研究所碩士論文，民國八十年一月。
4. 何培基編著「商用統計學與SAS/PC 應用」，台北:長諾資訊圖書公司，民國七十九年一月初版。
5. 李滿春「 以行銷觀點論會計師業務之發展」，國立政治大學會計研究所碩士論文，民國七十一年六月。
6. 林玉龍，「健全我國證券承銷制度之研究」，國立政治大學會計研究所碩士論文，民國八十年七月。
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8. 柯百鈴，「台灣新上市股票短期報酬之探討」，國立政治大學企業管理研究所碩士論文，民國七十八年六月。
9. 倪安順譯，「 SAS 基礎與統計應用使用手冊」，台北:儒林圖書公司，民國七十六年六月初版。
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11. 張育琳，「應計基礎與現金流量基礎預測現金流量能力之研究」，國立政治大學會計研究所碩士論文，民國八十年七月。
12. 溫世明，「我國股票上市公司簽證會計師之選任及更換之研究」，國立政治大學會計研究所碩士論文，民國七十四年一月。
13. 謝淑惠，「台灣十大會計師事務所79年度經營實力比較」，會計研究月刊，民國八十年五月，第68 期，頁8-19。
14. 藍克銘，「會計師從事業務廣告可行性之研究」，國立政治大學會計研究所碩士論文，民國七十一年一月。

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22. Moyer, S. E., "Capital Adequacy Ratio Requlations and Accounting Choices in Commercial Banks," Journal of Accounting and Economics (1990), pp. 123-154.
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*24. Perez, R. C., "Inside Investment Banking," Praeger Publishers, 1984.
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*轉載自其他文獻。