The Relationship between Globalization and Disclosure Transparency

• Main Authors: Chen Pi Ning, 陳畢寧
• Other Authors: 陳瑞斌
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/71921120801149677450

碩士 === 國立彰化師範大學 === 會計學系 === 98 === In recent years, due to the losses of the investing public in frequent outbreaks of corporate fraud, thereby the government agencies and relevant scholars pay more attention to corporate disclosure transparency. With the impact of globalization, the development of enterprises has expanded to the overseas markets,.Therefore, engaged in overseas operations and overseas financing are the phenomenon of corporate globalization. In this economic condition,the purpose of this study is to examine whether the overseas operations and overseas financing of enterprises can increase the disclosure transparency due to the effect of the government agencies and the investing public. This research chooses the listed companies which contain 2,306 observations from 2005 to 2008 and uses ordered probit regression method to examine the relationship between the overseas operations,overseas financing and disclosure transparency.The results are summarized as the following. 1.Companies engaged in overseas operations is not significantly related to the disclosure transparency. To do the additional analysis, the disclosure transparency neither significantly related to the companies engaged in overseas operations. 2.Companies engaged in overseas financing is significantly related to the disclosure transparency. 3.Both considering companies issue overseas convertible bonds and global depositary receipt, the issue of overseas convertible bonds is not significantly related to the disclosure transparency but the issuance of the issue of global depositary receipt is significantly related to the disclosure transparency.