The Relationship of Financial Constraints, Corporate Investment and Financial Information Qualities

• Main Authors: Chun-Neng Huang, 黃俊能
• Other Authors: Yueh-Yu Hsu
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/93424601761501455781

碩士 === 靜宜大學 === 會計學系研究所 === 96 === The article examines the relation between financing constraints and investment efficiency, and examines the relation between financial information quality and investment efficiency. Future, this article studies the relation financing constraints and financial information quality to add corporate governance. The article covers the period from 1998 to 2005 with a sample size of Taiwanese listed firms. We find that(1)Some categorize financing constraints results is positively associated with underinvestment and financial information quality. (2)Financial information quality is positively associated with investment efficiency. (3)Financial information quality will effect underinvestment to be heaver for firms facing financing constraints. (4) Financial information quality will be better with better corporate governance.