A Study on the Relationship between Information Disclosure of Annual Report and Corporate Value from the Viewpoints of Information Structure
碩士 === 逢甲大學 === 會計所 === 95 === The aims of this study are to examine the relationships between information transparency and corporate value. A total of 291 electronic firms listed on the Taiwan Stock Exchange were surveyed. The「Measurement in Information Science」method was used to measure informatio...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/46525475529407029484 |
| Summary: | 碩士 === 逢甲大學 === 會計所 === 95 === The aims of this study are to examine the relationships between information transparency and corporate value. A total of 291 electronic firms listed on the Taiwan Stock Exchange were surveyed. The「Measurement in Information Science」method was used to measure information transparency. The empirical results indicate that a positive relationship exists between information transparency and corporate value. After the earnings and book value variables were input into regression analysis, the extent of information transparency was found to be irrelevant to corporate value. Financial information appears to have more impact than information transparency on stock prices. If current earnings are positive, earnings information is more value relevant. If current earnings are negative, book value is more value relevant.
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