| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 100 === This study is focused on examining the relation between corporate diversification and the value-relevance of financial statement. This study measures two types of diversification: industrial diversification and global diversification and examines whether these diversification differently affect the value-relevance of earnings and book value. The sample consists of the listed and Over-the Counter (OTC) in Taiwan During 1999~ 2010. The empirical results of this research are as follows：
1.The earnings’ value-relevance of the firm with industrial diversification is higher than that of the firm without industrial diversification, and the book value’s value-relevance of the firm with industrial diversification is lower than that of the firm without industrial diversification. Conversely, the earnings’ value-relevance of the firm with global diversification is lower than that of the firm without global diversification, and the book value’s value-relevance of the firm with global diversification is higher than that of the firm without global diversification.
2.The effect of diversification on the value-relevance of financial statement is significant in electronic industry.
3.The accrual quality of the firm with industrial diversification is higher than that of the firm without industrial diversification. Conversely, the accrual quality of the firm with global diversification is lower than that of the firm without global diversification.
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