Earnings forecast and corporate governance
碩士 === 國立高雄大學 === 金融管理學系碩士班 === 98 === Using a sample of 658 firms listed on Taiwan Stock Exchange during the period of 2003-2008, this paper investigates the relationship between the conservatism in earnings forecast and corporate governance. We find that firms with higher insider shareholding, ins...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/29434606644216731819 |
| Summary: | 碩士 === 國立高雄大學 === 金融管理學系碩士班 === 98 === Using a sample of 658 firms listed on Taiwan Stock Exchange during the period of 2003-2008, this paper investigates the relationship between the conservatism in earnings forecast and corporate governance. We find that firms with higher insider shareholding, institutional shareholding or having a CEO concurrently serving as the chairman of board of directors would be more conservatism in earnings forecast. However, companies with pyramidal ownership structure or controlled by a family would be less conservatism. In short, our results show that firms with better corporate governance tend to be more conservatism in earnings forecast.
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