| Summary: | 碩士 === 國立高雄第一科技大學 === 金融營運所 === 93 === ABSTRACT
The issue of information asymmetry is caused from the information gap between the insider of the corporate and the outsider investors. Therefore, the investors have to sustain the risk of asymmetric information. In contrast with prior research, this study uses the degree of corporate governance, external financing, diversification, the growth opportunity of corporate, and the corporate size to interpret the issue of information asymmetry of corporation. The industrial firms listed on TSEC from 1998 to 2002 are used as sample. The traditional econometric analysis model and the linear structural relations equation model are employed in this study. The empirical results can be summarized as following: The corporate governance, growth opportunity, size of corporate, degree of external financing are negatively related to the degree of information asymmetry. The degree of diversification is positively related to the degree of information asymmetry.
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