An Empirical Study of the inside index of Information Transparency Disclosure Ranking System

• Main Authors: CHUN-LIANG LIN, 林俊良
• Other Authors: Chun-Mei Ma
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/12895915170172705150

碩士 === 東吳大學 === 會計學系 === 94 === When corporation offer more clear information, the investor will receive more information to make decision and reduce uncertainty. Corporation also can reduce the other disclosure cost. Information asymmetries, including those between investors and between management and investors, have negative effects on the liquidity and transaction equity in the capital market. The purpose of this study is to discuss the inside index of information disclosure review system. The information disclosure review system provides investor an initial determination of corporation. However the information disclosure review system only provide the review result one time a year and the index are very miscellaneous to the investors. The purpose of this study is to use foreigner holding ratio, average liability ratio, average board member holding ratio, become a listed company under two year and issue global depositary receipts during the review period as the inside index of information disclosure review system. The result shows, investors can use foreigner holding ratio, average liability ratio, become a listed company under two year and issue global depositary receipts during the review period as the inside index of information disclosure review system to verify the result and make decision.