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題名 年報自願性揭露水準與公司特徵之關聯性硏究 作者 陳美娟 貢獻者 劉啓群
陳美娟日期 1997 上傳時間 11-十月-2018 11:43:31 (UTC+8) 摘要 近年來，台灣資本市場蓬勃發展，股票成為一般大眾重要投資理財工具，加上外資投入國內股市金額不斷增加，因此國內外投資人對公司資訊需求增加。年報為一份由公司發布、會計師查核及經主管機關審查過的刊物，可靠性極高，因此成為投資人制定投資決策的重要工具之一。 雖然主管機關對年報的記載事項有明文規定，但無法涵蓋所有投資人需求，公司為吸引投資人，必會做額外資訊揭露。由於各家公司營運狀況不同，因此揭露情況不會完全一致。本研究主要探討影響年報自願性揭露水準的公司特徵，以幫助投資人制定投資決策，並提供主管機關在規範揭露時有參考依據。本研究認為影響年報自願性揭露水準的公司特徵有九個：1.公司規模，2.負債比例，3.成立年數，4.有無海外分支機構，5.會計師事務所大小，6.總經理教育程度，7.產業種類，8.前一年自願性揭露水準，9上市地位。 本研究將自願性揭露分為三類資訊－策略性資訊、非財務性資訊及財務性資訊，三類資訊揭露水準加總即得整體資訊揭露水準，透過Pooling方式，將整體資訊及三類資訊揭露水準與上述九個公司特徵做Wilcoxon rank檢定及多元迴歸分析。樣本蒐集以民國八十二年至八十四年之上市公司及八十四年之未上市公司年報為主。經過實證結果，獲致以下結論：1.公司規模、有無海外分支機構、會計師事務所大小、總經理教育程度、產業種類、前一年自願性揭露水準及上市地位可解釋整體資訊揭露水準，負債比率及成立年數則不具解釋力。2.公司特徵對各類資訊解釋力不同，財務性資訊最能被本研究之變數解釋，非財務性資訊僅能被本研究之「公司規模」及「前一年自願性揭露水準」解釋。 參考文獻 一、國內部份蔡彥卿，中美財務揭露系統管制之比較－財務資訊揭露之背景與相關理論（上），會計研究月刊，民國79年12月，頁23-25。蔡彥卿，中美財務揭露系統管制之比較－財務資訊揭露之背景與相閘理論（下），會計研究月刊，民國80年1月，頁52-55。顏月珠，商用統計學，民國八十年八月。二、國外部份Abbott, W. F., and R. Joseph Monsen, “On the Measurement of Corporate Social Responsibility: Self-Reported Disclosures as a Method of Measuring Corporate Social Involvement.” Academy of Management Journal(Autumn 1979), Vol. 22, No. 3, pp. 501-515.Baker, H. K., R. Chenhall, J. Halem, and R, Juchau., “Disclosure of Material Information: A Cross-National Comparison.” The International Journal of Accounting(1976), Vol. 14. No. 1, pp. 10-26.Barrett, M. E., “Financial Reporting Practices: Disclosure and Comprehensiveness in an International Comparison.” Journal of Accounting Research(Spring 1976), Vol. 14. No. 1, pp. 10-26.Bar-Yosef, S. and Livnat J. “Auditor Selection: An Incentive Signalling Approach.” Accounting & Business Research(Autumn 1984), Vol. 14, No. 56, pp. 301-309.Buzby, S. L., “Selected Items of Information and their Disclosure in Annual Reports.” The Accounting Review(Autumn 1974), Vol. 49, No. 3, pp.423-436.Cerf, A. R. “Corporate Reporting and Investment Decisions .“ Berkeley, California: Public Accounting Research Program, (1961)Chandra, G., “A Study of the Consensus on Disclosure among Public Accountants and Security Analysts.” The Accounting Review (Winter 1974), Vol. 49, No. 4, pp. 733-742.Choi, F., “Financial Disclosure and Entry to the European Capital Market.” Journal of Accounting Research(Autumn 1973), Vol. 11, No. 3, pp.159-175._____, and Levich R. M., “ The Capital Market Effects of International Accounting Diversity.” Homewood, Ill.: Dow Jones Irwin(1990).Cooke, T.E., “Voluntary Disclosure by Swedish Companies.” Journal of International Financial Management and Accounting(Summer 1989), Vol. 1,No. 2, pp. 1-25._____,“An Assessment of Voluntary Disclosure in the Annual Reports of Japanese Companies.” The International Journal of Accounting (Summer 1991), Vol. 26, No. 3, pp. 174-189.Firth, M., “The Impact of Size, Stock Market Listing, and Auditors on Voluntary Disclosure in Corporate Annual Reports.” Accounting and Business Research (Autumn 1979), Vol. 9, No. 36, pp. 273-280.Hossain, M., M. H. B. Perera, and, A. R. Rahman.,” Voluntary Disclosure in the Annual Reports of New Zealand Companies.” Journal of International Financial Management and Accounting (1995), Vol. 6, No. 1, pp. 69-85.Jensen, M. C., and Meckling W.H.,. “Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure.” Journal of Financial Economics(Autumn 1976), Vol. 3,No. 3,pp. 312-323.Marilyn, T. Z., “Spontaneous Harmonization Effects of Culture and Market Forces on Accounting Disclosure Practices.” Accounting Horizons. (Spring 1996), Vol. 10, No, 1, pp. 18-37.McKinnon, J. L,” Application of Anglo-American Principles of Consolidation to Corporate Financial Disclosure in Japan.” ABACUS 20, pp. 16-33.Meek. G. K., Roberts, C. B., and Gray. S. J.. “Factors Influencing Voluntary Annual Report Disclosures by U.S. and Continental European Multinational Corporations. al Reports of New Zealand Companies”, Journal of International Business Studies, (Autumn 1995), pp. 555-571.Singhvi, S. “Characteristics and Implications of Inadequate Disclosure: A case study of India.” The International Journal of Accounting (1968), Vol. 3, No. 2, pp. 29-43.________,and Desai H. B,, “An Empirical analysis of the Quality of Corporate Financial Disclosure .“ The Accounting Review, (Spring 1971), pp. 129-138.Verrecchia, Rober E., “Discretionary Disclosure.” Journal of Accounting and Economics(Winter 1983), Vol. 5,No. 3, pp. 179-194.Watts R. L. and Zimmerman J. L., “Towards a Positive Theory of the Determination of Accounting Standards.” Accounting Revie (Spring 1978), pp. 113-134. 描述 碩士
國立政治大學
會計學系
85資料來源 http://thesis.lib.nccu.edu.tw/record/#G91NCCV1852012 資料類型 thesis dc.contributor.advisor 劉啓群 dc.contributor.author (作者) 陳美娟 dc.creator (作者) 陳美娟 dc.date (日期) 1997 dc.date.accessioned 11-十月-2018 11:43:31 (UTC+8) - dc.date.available 11-十月-2018 11:43:31 (UTC+8) - dc.date.issued (上傳時間) 11-十月-2018 11:43:31 (UTC+8) - dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/120507 - dc.description (描述) 碩士 dc.description (描述) 國立政治大學 dc.description (描述) 會計學系 dc.description (描述) 85 dc.description.abstract (摘要) 近年來，台灣資本市場蓬勃發展，股票成為一般大眾重要投資理財工具，加上外資投入國內股市金額不斷增加，因此國內外投資人對公司資訊需求增加。年報為一份由公司發布、會計師查核及經主管機關審查過的刊物，可靠性極高，因此成為投資人制定投資決策的重要工具之一。 雖然主管機關對年報的記載事項有明文規定，但無法涵蓋所有投資人需求，公司為吸引投資人，必會做額外資訊揭露。由於各家公司營運狀況不同，因此揭露情況不會完全一致。本研究主要探討影響年報自願性揭露水準的公司特徵，以幫助投資人制定投資決策，並提供主管機關在規範揭露時有參考依據。本研究認為影響年報自願性揭露水準的公司特徵有九個：1.公司規模，2.負債比例，3.成立年數，4.有無海外分支機構，5.會計師事務所大小，6.總經理教育程度，7.產業種類，8.前一年自願性揭露水準，9上市地位。 本研究將自願性揭露分為三類資訊－策略性資訊、非財務性資訊及財務性資訊，三類資訊揭露水準加總即得整體資訊揭露水準，透過Pooling方式，將整體資訊及三類資訊揭露水準與上述九個公司特徵做Wilcoxon rank檢定及多元迴歸分析。樣本蒐集以民國八十二年至八十四年之上市公司及八十四年之未上市公司年報為主。經過實證結果，獲致以下結論：1.公司規模、有無海外分支機構、會計師事務所大小、總經理教育程度、產業種類、前一年自願性揭露水準及上市地位可解釋整體資訊揭露水準，負債比率及成立年數則不具解釋力。2.公司特徵對各類資訊解釋力不同，財務性資訊最能被本研究之變數解釋，非財務性資訊僅能被本研究之「公司規模」及「前一年自願性揭露水準」解釋。 dc.description.tableofcontents 圖目次3表目次4附錄目次5第一章 緒論1第一節 研究動機與目的1第二節 研究問題3第三節 研究方法概述3第四節 論文架構4第二章 文獻探討5第一節 國外文獻彙總5第二節 國內文獻研究14第三節 研究延伸15第三章 研究方法16第一節 研究架構16第二節 研究設計18第三節 研究假說19第四節 變數衡量24第五節 資料來源與處理29第六節 樣本選取標準與樣本蒐集30第七節 分析方法33第四章 實證研究結果分析39第一節 敘述統計量分析39第二節 WILCOXON RANK檢定48第三節 多元迴歸模式分析54第四節 三種計分方式結果之差異彙總63第五章 結論與建議66第一節 結論66第二節 研究限制69第三節 建議70參考文獻109圖目次圖3-1研究總架構16圖3-2自願性揭露內容分析架構17圖3-3自願性揭露量化架構18圖3-4自願性揭露水準關聯性分析架構18表目次表2-1國外文獻彙總12表3-1產業種類29表3-2各產業之樣本數31表3-3樣本公司32表3-4六個模式彙總37表4-1所有樣本皆未揭露之項目40表4-2敘述統計－揭露水準41表4-3敘述統計－上市公司年度別之揭露水準42表4-4敘述統計－連續性變數44表4-5敘述統計－虛擬變數45表4-6變數相關係數矩陣46表4-7各種組別之揭露指數分配表49表4-8多元迴歸分析結果55表4-9財務會計準則公報之公布62表4-10 88個項目加總計分之迴歸模式彙總表64表4-11揭露分數除以「應揭露」項目數之迴歸模式結果彙總65表5-1迴歸模式結果彙總66附錄目次附錄一 自願性揭露索引表72附綠二 自願性揭露事項比例分配表80附錄三 所有樣本自願性揭露水準85附錄四 88個項目加總計分之實證結果88附錄五 揭露分數除以應揭露項目數之實證結果93 dc.format.extent 115 bytes - dc.format.mimetype text/html - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G91NCCV1852012 dc.title (題名) 年報自願性揭露水準與公司特徵之關聯性硏究 dc.type (資料類型) thesis dc.relation.reference (參考文獻) 一、國內部份蔡彥卿，中美財務揭露系統管制之比較－財務資訊揭露之背景與相關理論（上），會計研究月刊，民國79年12月，頁23-25。蔡彥卿，中美財務揭露系統管制之比較－財務資訊揭露之背景與相閘理論（下），會計研究月刊，民國80年1月，頁52-55。顏月珠，商用統計學，民國八十年八月。二、國外部份Abbott, W. F., and R. Joseph Monsen, “On the Measurement of Corporate Social Responsibility: Self-Reported Disclosures as a Method of Measuring Corporate Social Involvement.” Academy of Management Journal(Autumn 1979), Vol. 22, No. 3, pp. 501-515.Baker, H. K., R. Chenhall, J. Halem, and R, Juchau., “Disclosure of Material Information: A Cross-National Comparison.” The International Journal of Accounting(1976), Vol. 14. No. 1, pp. 10-26.Barrett, M. E., “Financial Reporting Practices: Disclosure and Comprehensiveness in an International Comparison.” Journal of Accounting Research(Spring 1976), Vol. 14. No. 1, pp. 10-26.Bar-Yosef, S. and Livnat J. “Auditor Selection: An Incentive Signalling Approach.” Accounting & Business Research(Autumn 1984), Vol. 14, No. 56, pp. 301-309.Buzby, S. L., “Selected Items of Information and their Disclosure in Annual Reports.” The Accounting Review(Autumn 1974), Vol. 49, No. 3, pp.423-436.Cerf, A. R. “Corporate Reporting and Investment Decisions .“ Berkeley, California: Public Accounting Research Program, (1961)Chandra, G., “A Study of the Consensus on Disclosure among Public Accountants and Security Analysts.” The Accounting Review (Winter 1974), Vol. 49, No. 4, pp. 733-742.Choi, F., “Financial Disclosure and Entry to the European Capital Market.” Journal of Accounting Research(Autumn 1973), Vol. 11, No. 3, pp.159-175._____, and Levich R. M., “ The Capital Market Effects of International Accounting Diversity.” Homewood, Ill.: Dow Jones Irwin(1990).Cooke, T.E., “Voluntary Disclosure by Swedish Companies.” Journal of International Financial Management and Accounting(Summer 1989), Vol. 1,No. 2, pp. 1-25._____,“An Assessment of Voluntary Disclosure in the Annual Reports of Japanese Companies.” The International Journal of Accounting (Summer 1991), Vol. 26, No. 3, pp. 174-189.Firth, M., “The Impact of Size, Stock Market Listing, and Auditors on Voluntary Disclosure in Corporate Annual Reports.” Accounting and Business Research (Autumn 1979), Vol. 9, No. 36, pp. 273-280.Hossain, M., M. H. B. Perera, and, A. R. Rahman.,” Voluntary Disclosure in the Annual Reports of New Zealand Companies.” Journal of International Financial Management and Accounting (1995), Vol. 6, No. 1, pp. 69-85.Jensen, M. C., and Meckling W.H.,. “Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure.” Journal of Financial Economics(Autumn 1976), Vol. 3,No. 3,pp. 312-323.Marilyn, T. Z., “Spontaneous Harmonization Effects of Culture and Market Forces on Accounting Disclosure Practices.” Accounting Horizons. (Spring 1996), Vol. 10, No, 1, pp. 18-37.McKinnon, J. L,” Application of Anglo-American Principles of Consolidation to Corporate Financial Disclosure in Japan.” ABACUS 20, pp. 16-33.Meek. G. K., Roberts, C. B., and Gray. S. J.. “Factors Influencing Voluntary Annual Report Disclosures by U.S. and Continental European Multinational Corporations. al Reports of New Zealand Companies”, Journal of International Business Studies, (Autumn 1995), pp. 555-571.Singhvi, S. “Characteristics and Implications of Inadequate Disclosure: A case study of India.” The International Journal of Accounting (1968), Vol. 3, No. 2, pp. 29-43.________,and Desai H. B,, “An Empirical analysis of the Quality of Corporate Financial Disclosure .“ The Accounting Review, (Spring 1971), pp. 129-138.Verrecchia, Rober E., “Discretionary Disclosure.” Journal of Accounting and Economics(Winter 1983), Vol. 5,No. 3, pp. 179-194.Watts R. L. and Zimmerman J. L., “Towards a Positive Theory of the Determination of Accounting Standards.” Accounting Revie (Spring 1978), pp. 113-134.
