A Study on the Relationship between Information Disclosure Degree and Corporation Character-An Example of IC Correlation Company

Autor: Yi-Feng Lu, 呂宜峰
Rok vydání: 2004
Druh dokumentu: 學位論文 ; thesis
Popis: 92
Because the capital market is under vigorous development, the stock becomes an important investment tool to manage finance. The reliability of companies annual reports carefully examined by accountants; therefore the annual report becomes a main index for investors’ decision-making process. However, Taiwan’s corporation information disclosure is not certainly ideal. The Standard & Poor''s made a research among the Asian and Pacific area enterprises and pointed out that Taiwan is far behind in the Asian and Pacific area. Hence, the main goal of this study is to discuss about the factors for annual report information disclosure, and to help the annual report users to make decisions. This study shows that there are six characters for annual report information disclosure ： 1. The scale of company 2. Debt ratio 3. Listing 4. The reputation of cpa 5.The scale of board 6. Independent directors. Moreover, the study divided the overall information disclosure into three phases: 1. Strategic information 2. Non- financial information 3. Financial information. It made the multiple regression analysis among the overall information, the three phases of information disclosure degree and the six characters. The objects of this study are listing or in the counter business centers with the IC industry correlation company. The results showed that, first of all, the scale of company, listing, the reputation of cpa and independent directors may explain the overall information disclosure degree. The debt ratio and the scale of board do not have the explanative ability. Second of all, the results showed that the all of IC correlation industry’s information disclosure degree can be accepted, but still need the further promotion.
Databáze: Networked Digital Library of Theses & Dissertations
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