Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan.
碩士 === 淡江大學 === 會計學系 === 90 === This thesis investigates the relation between ownership structure and informativeness of earnings by using Fan and Wong’s (2000) earnings-return relationship model controlling shareholders agency cost measure of La Porta et al., (1999). The empirical results show tha...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
2002
|
Online Access: | http://ndltd.ncl.edu.tw/handle/11876269902564843503 |
id |
ndltd-TW-090TKU00385005 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-090TKU003850052016-06-24T04:14:56Z http://ndltd.ncl.edu.tw/handle/11876269902564843503 Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. 台灣上市公司股權結構與盈餘資訊內涵之關聯性研究 Lin, Shih-Yuan 林詩韻 碩士 淡江大學 會計學系 90 This thesis investigates the relation between ownership structure and informativeness of earnings by using Fan and Wong’s (2000) earnings-return relationship model controlling shareholders agency cost measure of La Porta et al., (1999). The empirical results show that controlling shareholders own 26.85% of the voting rights. The results do not support that the controlling owners own higher voting rights would reduced informativeness of earnings, but it also reveals that the degree of deviation of the voting rights from cash flow right has real effects on the informativeness of earnings. Family members of corporations in Taiwan generally hold the decisive voting right, but it did not significantly affect the informativeness of earnings. However, for companies of the enterprise groups, a negative relation between the controlling rights from cash flow rights and the information contents of earnings is observed after the Asian Financial Crisis. Tsai, Hsin-Fu Chung, Huimin 蔡信夫 鍾惠民 2002 學位論文 ; thesis 85 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 淡江大學 === 會計學系 === 90 === This thesis investigates the relation between ownership structure and informativeness of earnings by using Fan and Wong’s (2000) earnings-return relationship model controlling shareholders agency cost measure of La Porta et al., (1999). The empirical results show that controlling shareholders own 26.85% of the voting rights. The results do not support that the controlling owners own higher voting rights would reduced informativeness of earnings, but it also reveals that the degree of deviation of the voting rights from cash flow right has real effects on the informativeness of earnings. Family members of corporations in Taiwan generally hold the decisive voting right, but it did not significantly affect the informativeness of earnings. However, for companies of the enterprise groups, a negative relation between the controlling rights from cash flow rights and the information contents of earnings is observed after the Asian Financial Crisis.
|
author2 |
Tsai, Hsin-Fu |
author_facet |
Tsai, Hsin-Fu Lin, Shih-Yuan 林詩韻 |
author |
Lin, Shih-Yuan 林詩韻 |
spellingShingle |
Lin, Shih-Yuan 林詩韻 Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
author_sort |
Lin, Shih-Yuan |
title |
Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
title_short |
Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
title_full |
Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
title_fullStr |
Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
title_full_unstemmed |
Corporate Ownership Structure and the Informativeness of Earnings: Evidence from Taiwan. |
title_sort |
corporate ownership structure and the informativeness of earnings: evidence from taiwan. |
publishDate |
2002 |
url |
http://ndltd.ncl.edu.tw/handle/11876269902564843503 |
work_keys_str_mv |
AT linshihyuan corporateownershipstructureandtheinformativenessofearningsevidencefromtaiwan AT línshīyùn corporateownershipstructureandtheinformativenessofearningsevidencefromtaiwan AT linshihyuan táiwānshàngshìgōngsīgǔquánjiégòuyǔyíngyúzīxùnnèihánzhīguānliánxìngyánjiū AT línshīyùn táiwānshàngshìgōngsīgǔquánjiégòuyǔyíngyúzīxùnnèihánzhīguānliánxìngyánjiū |
_version_ |
1718321019961212928 |