Does the Information Disclosure and Transparency Ranking System Influence Investment Efficiency?

• Main Authors: Ciao-Wen Lai, 賴巧紋
• Other Authors: Jian-Min Pan
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/6z29y3

碩士 === 國立中正大學 === 會計與資訊科技研究所 === 103 === In an effort to improve the information transparency and enhance the importance of corporate governance, Taiwan constructed the Information Disclosure and Transparency Evaluation System in 2003. Prior researches discover that information transparency helps improve investment efficiency. This study investigates the relationship between information transparency and investment efficiency. It takes the information disclosure and transparency ranking results as the index of financial reporting quality. This study finds that: (1) the relationship between information disclosure and transparency ranking results and the amount of investment is positive; and (2) OverFirmment companies tend to rank higher in the information transparency.