| dc.contributor.advisor | 林宛瑩 | zh_TW |
| dc.contributor.author (Authors) | 曾亞亭 | zh_TW |
| dc.creator (作者) | 曾亞亭 | zh_TW |
| dc.date (日期) | 2005 | en_US |
| dc.date.accessioned | 18-Sep-2009 09:02:29 (UTC+8) | - |
| dc.date.available | 18-Sep-2009 09:02:29 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Sep-2009 09:02:29 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0093353006 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/34219 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 會計研究所 | zh_TW |
| dc.description (描述) | 93353006 | zh_TW |
| dc.description (描述) | 94 | zh_TW |
| dc.description.abstract (摘要) | 本研究以2002年至2005年之上市公司為研究對象，衡量2002與2004年兩年之年報資訊揭露水準，探討資訊揭露水準與機構投資人持股兩者間之關係，並分析兩期資訊透明度與機構投資人持股比率的改變對經營績效與公司價值變動的影響。實證結果發現，機構投資人持股意願受到前期年報資訊揭露水準高低的影響，顯示資訊揭露水準為機構投資人之選股決策因素之一。前期年報資訊揭露水準愈佳，機構投資人持股比率愈高，但當期資訊揭露程度對同期機構投資人持股意願則無顯著影響。此外，機構投資人持股比率高低與公司同期或次期資訊揭露程度皆無顯著關聯性。企業資訊揭露水準之改善與機構投資人持股比率增加皆與公司經營績效及公司價值之提升呈顯著正相關。 | zh_TW |
| dc.description.abstract (摘要) | Based on a sample of firms listed on Taiwan Securities Exchange over the period of 2002 to 2005, this study first examines the relationship between the information transparency, measured the disclosure level of annual reports, and shareholdings of institutional investors. In addition, this study investigates the influence of increase in the level of disclosure transparency and shareholdings on performance and firm value. The empirical results suggest that firms with higher disclosure level are associated with greater institutional ownership next year, but the same relationship didn’t hold for concurrent period. This finding suggests that disclosure level of annual report is considered by the institutional investors when making their investment decisions. The findings also indicate that improvement in disclosure level and increase in institutional investors’ shareholdings not only enhances the operating performance but also the firm value. | en_US |
| dc.description.tableofcontents | 第一章 緒論 1第一節 研究動機與目的 1第二節 研究問題與架構 6第三節 論文結構 9第二章 文獻探討 10第一節 資訊透明度與機構投資人之相關文獻 10第二節 機構投資人、資訊透明度與經營績效及公司價值之相關研究文獻 16第三章 研究方法 20第一節 研究假說 20第二節 實證模型與變數衡量 25第四章 實證結果分析 33第一節 資訊揭露水準對機構投資人持股實證分析結果 33第二節 機構投資人持股對資訊揭露水準實證分析結果 40第三節 機構投資人、資訊透明度與經營績效及公司價值之實證結果分析 48第五章 結論與建議 55第一節 研究結論 55第二節 研究限制 56第三節 後續研究建議 57參考文獻 58附錄一﹕揭露項目索引表與評分方式 65圖表目錄圖1.1 研究問題之觀念性架構 7表4-1機構投資人與資訊透明度關聯性分析變數之敘述統計量 33表4-2 Model1-1及Model1-2變異數膨脹係數分析結果 34表4-3 Model1-1及Model1-2相關係數 36表4-4資訊揭露水準對機構投資人持股之實證分析結果 37表4-5機構投資人持股對資訊揭露水準之實證分析結果 40表4-6 Model 2-1與 Model 2-2與變異數膨脹係數分析結果 42表4-7 Model 2-1相關係數分析 43表4-8 Model 2-1相關係數分析 44表4-9機構投資人持股對資訊揭露水準之實證分析結果 45表4-10機構投資人、資訊透明度與經營績效及公司價值敘述統計量分析 48表4-11 Model 3-1與Model 3-2變異數膨脹係數分析結果 49表4-12 Model 3-1與Model 3-2相關係數分析 51表4-13 Model 3-1與Model 3-2之實證分析結果 52 | zh_TW |
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| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0093353006 | en_US |
| dc.subject (關鍵詞) | 機構投資人 | zh_TW |
| dc.subject (關鍵詞) | 資訊透明度 | zh_TW |
| dc.subject (關鍵詞) | 公司治理 | zh_TW |
| dc.subject (關鍵詞) | institutional investor | en_US |
| dc.subject (關鍵詞) | transparency | en_US |
| dc.subject (關鍵詞) | cooperate governance | en_US |
| dc.title (題名) | 機構投資人與資訊透明度關聯性之研究 | zh_TW |
| dc.type (資料類型) | thesis | en |
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