| Summary: | 碩士 === 國立高雄大學 === 高階法律暨管理碩士在職專班(EMLBA) === 104 === Since 2008, the Taiwan government has deregulated and encouraged foreign companies to initial public offering in the Taiwan exchange market. There are several scandals because of incompleted supporting measures. The government attempts to update the chapter of foreign company in the securities laws to prevent malfeasance. However, there are still some companies using false financial statements to raise funds from the market. Therefore, according to the market chaos in Taiwan, the objectives of this study are to discuss the following isues in terms of practical and theoretical aspects. The supervision of the listed companies in Taiwan generally is more stringent than the other countires. However, why does listing in Taiwan by foreign issuers have higher risk? How do investors make the decision from the available financial statements? Are the current laws enough to protect the interests of investors? How do other countries supervise and regulate the listed companies by foreign issuers? If there are illegal issues of the foreign companies listed in Taiwan, in terms of the international status of Taiwan, will trans-national litigation legal assistance feasible?
Based on the above puzzles, this study employs the the literature analysis, regulatory research and cases study to discuss the issues. This study takes advantage of the case of ABC Holding Limited to discuss the related issues. After the proposed amendments of the Acts and the make up of the related potential problems, thie study comments on the related regulatory and supervisory systems and provide some constructive suggestion for the future improvement. In addition, in line with globalization of the securities markets and enhancement of the competitiveness of capital markets and economic development, Taiwan can follow the example of other countries to attract internationally renowned enterprises listed in Taiwan exchanges without raisng funds. Therefore, it can make Taiwan market more active and integrated with international standards
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