Information Transparency, Family Factor and the Value Relevance of Earning
碩士 === 銘傳大學 === 會計學系碩士班 === 96 === The purpose of this study is to discuss the information transparency and family factor effect the relationship between accounting information with abnormal return. This study adapt the Securities and Futures Information Center(SFI) announced the first to the fourth...
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ndltd-TW-096MCU053850102018-04-10T17:12:10Z http://ndltd.ncl.edu.tw/handle/dnw49h Information Transparency, Family Factor and the Value Relevance of Earning 資訊透明度、家族控制因素與盈餘價值攸關性 Yi-Ting Chen 陳依婷 碩士 銘傳大學 會計學系碩士班 96 The purpose of this study is to discuss the information transparency and family factor effect the relationship between accounting information with abnormal return. This study adapt the Securities and Futures Information Center(SFI) announced the first to the fourth result of evaluation of information system to divided samples into transparent and non-transparent to test the influence of information transparency on earnings return. Research sample contains publicly traded over the counter(OTC) companies from 2003 to 2006. The empirical results are summarized as follows: (1)The higher information disclosure level companies have higher associations between earnings and stock price. (2)Family firms have lower associations than non-family firms between earnings and stock price. (3)Family firms can not effect evaluation of earnings quality in transparent company. For investors’perceptions, family firms have lower disclosure quality, but if these firms be valued as higher information disclosure level companies, the earnings quality still can be trust and get higher stock return. Hsiu Mei Liao 廖秀梅 2008 學位論文 ; thesis 63 zh-TW |
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碩士 === 銘傳大學 === 會計學系碩士班 === 96 === The purpose of this study is to discuss the information transparency and family factor effect the relationship between accounting information with abnormal return. This study adapt the Securities and Futures Information Center(SFI) announced the first to the fourth result of evaluation of information system to divided samples into transparent and non-transparent to test the influence of information transparency on earnings return. Research sample contains publicly traded over the counter(OTC) companies from 2003 to 2006. The empirical results are summarized as follows:
(1)The higher information disclosure level companies have higher associations between earnings and stock price.
(2)Family firms have lower associations than non-family firms between earnings and stock price.
(3)Family firms can not effect evaluation of earnings quality in transparent company.
For investors’perceptions, family firms have lower disclosure quality, but if these firms be valued as higher information disclosure level companies, the earnings quality still can be trust and get higher stock return.
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author2 |
Hsiu Mei Liao |
author_facet |
Hsiu Mei Liao Yi-Ting Chen 陳依婷 |
author |
Yi-Ting Chen 陳依婷 |
spellingShingle |
Yi-Ting Chen 陳依婷 Information Transparency, Family Factor and the Value Relevance of Earning |
author_sort |
Yi-Ting Chen |
title |
Information Transparency, Family Factor and the Value Relevance of Earning |
title_short |
Information Transparency, Family Factor and the Value Relevance of Earning |
title_full |
Information Transparency, Family Factor and the Value Relevance of Earning |
title_fullStr |
Information Transparency, Family Factor and the Value Relevance of Earning |
title_full_unstemmed |
Information Transparency, Family Factor and the Value Relevance of Earning |
title_sort |
information transparency, family factor and the value relevance of earning |
publishDate |
2008 |
url |
http://ndltd.ncl.edu.tw/handle/dnw49h |
work_keys_str_mv |
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