The Relationship Between Internal Control and Corporate Governance: An Empirical Study on Taiwanese Companies Listed in the Hong Kong Exchanges and Clearing Limited.
| Autor: | Wu, Yen-Ti, 吳彥狄 |
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| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 Taiwan officially take the first-time adoption of International Financial Reporting Standards (IFRS) in 2013, but Hong Kong began to use IFRS in 2005 earlier than in Taiwan. As Hong Kong is our largest investment companion in overseas markets, we hope that we can comprehend the influence of the impact of IFRS to the disclosure of internal control and corporate governance. Hence, the purpose of this study is to analyze the relationship between the disclosure of the internal control and corporate governance. The internal control is not only an important element of corporate governance but also an essential assistant to implement IFRS. How companies disclose their information of internal control can separate into different aspects, such as operational performance, corporate governance, financial information comparability and information transparency which IFRS emphasize the most. This study is to measure the extent of the disclosure of internal control by a self-assessment form based on HKEx’s compliance with the Corporate Governance Code and the related laws. According to the study results, comparing to the financial reports of our companies, there are more complete information disclosures of internal control in the financial reports of Taiwanese companies listed in the Hong Kong exchanges and clearing limited. We found that they focus on the aspects of board directors in control environment and also found that the operational performance will affect the company's extent of the disclosure of internal control. Other parts which are less disclosed can be summarized in three reasons: insufficient resources, proprietary information, and does not increase efficiency. Overall, the disclosure of internal control in financial reports in Taiwanese companies listed in the Hong Kong exchanges and clearing limited are similar to ours. The most different parts are that we do not disclose nomination committee and company secretary in financial reports but we focus on risk analysis more than they do. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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