公司自願揭露財務預測影響因素之研究

• Main Authors: Chen,Ya Lan, 陳雅蘭
• Other Authors: 馬秀如
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/70426869925211913304

碩士 === 國立政治大學 === 會計研究所 === 95 === This study examines the factors that affect managers to disclosure financial forecasts. Seven potential factors were compared for a sample of firms that reported forecasts and another sample of firms that did not release this information. The seven factors are: (1) the proportion of inside ownership, (2) capital structure, (3) the demand for external finance, (4) the business performance, (5) earnings volatility, (6) the cost of equity capital, (7) the proportion of foreign ownership. There are three control variables, including size, industry and the ratio of debt to equity. The findings report that the better the past business performance is, the more the probability that the manager will voluntarily disclose financial forecast is. The findings also report that the higher the proportion of foreign ownership is, the more willing the manager is to voluntarily disclose financial forecast.