The Effect of Graph Disclosure on Value Relevance of Accounting Information

• Main Authors: Su-ling Chiu, 邱素伶
• Other Authors: Min-long Wang
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/23949072913894474827

博士 === 國立成功大學 === 會計學系碩博士班 === 97 === Disclosure model includes disclosure contents and disclosure instruments, both important to decision usefulness of information. For the purpose of evaluation, the contents of information are most useful when they are reliable as well as relevant. Representation method contains disclosure structure and instrument. In early 21st Century, a series of major business failures involving accounting scandals, such as Enron in 2001 and Lehman Brothers in 2008, have brought to renovation about financial report. Phillips and Kahn propose the blueprint of value report in1997. Besides, researchers have proven that graph representation is easier to read and memory as compared with context and table. The purpose of this study tends to examine the effect of graph disclosure on value relevance of accounting information. It contains two research issues. One is to survey the graph representation practice of listed company in Taiwan, and test the value relevance of graph representation. The other is to show graph disclosure model though value report as in case of electronics listed company. Research results show that the graph disclosure practice is not desirable. In average, the graph number is 4 to 5 approximately. And we find financial graph in companies’ public documents less. Regression results suggest that the more graph numbers the higher the stock price of company. Base on these research results, this study attempt to use graph to represent value report in the case of MediaTek Inc. Try to construct another faithful disclosure model by graph as the complementary instrument of annual report.