A Study of Information Disclosure between Financial Information Qualitative and Corporate Governance: An Example of Bank Holding Company in Taiwan

• Main Authors: Lin, Yun-chih, 林韻之
• Other Authors: Tsai, Chui-chun
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/01370062236109769289

碩士 === 靜宜大學 === 會計學系 === 102 === This study researches 14 finance holding company in Taiwan, including Hua Nan Financial Holdings Co., Ltd., Fubon Financial Holding Co., Ltd., Cathay Financial Holding Co., Ltd., China Development Financial Holding Corporation, E.SUN Financial Holding Co., Ltd., Yuanta Financial Holding Co., Ltd., Mega Financial Holding Company, Taishin Financial Holding Co., Ltd., Shin Kong Financial Holding Co., Ltd., Waterland Financial Holding Co., Ltd., SinoPac Holdings Co., Ltd., CTBC Holding, First Financial Holding Co., Ltd., Jih Sun Financial Holding Co., Ltd. in 2012. This research would employ the variables form Securities and Futures Bureau Information Disclosure Transparency Rankings and TEJ database of these 14 finance holding company in Taiwan about information disclosure, financial information qualitative and corporation governance to understand what are important factors to be effected. The corporation governance included director structure, stockholder structure, distribution of earnings structure, director compensation structure, employee structure. We adopt Multivariate discrimination analysis method, and the previous data test, KMO, Box’s M, tolerance ratio, and Wilks’ Lambda value are pass critical vale, so we put our forecast variables and criterion variables in models. This paper establishes two models for empirical test, one is relationship between financial information qualitative and information disclosure, and corporate governance and information disclosure. From Empirical results on the structure models these show: The research finds that variable have a significantly positive effect on information disclosure. (1)Director structure: ownership holding of external juristic person not director shareholding ratio, principal shareholding ratio, director shareholding ratio, friendly primary director shareholding ration, foreign director shareholding ration. (2)Stockholder structure: primary shareholding ratio, necessary control shareholding ratio, ownership public companies not listed on the exchange shareholding ratio, foreign primary shareholding ratio, greatest out listed share ratio. (3)Distribution of earnings structure: reinvestment to book ratio. (4)Director compensation structure: receivable related party financing amount of money/net assets. (5)Employee structure: spokesperson rearrangement times of three years, cross-Shareholding structure.