Evaluating the association of Taiwan Information Disclosure Ranking System and Earning Management - Listed and OTC Firms as an Experimental Group

• Main Authors: Wan-Ping Chuang, 莊婉屏
• Other Authors: CHI-LIANG CHEN
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/31326216861309158815

碩士 === 中原大學 === 會計研究所 === 101 === Since 2003 Taiwan has been adopting Information Disclosure Ranking System to evalu-ate listed and OTC firms’ information transparency. Thus so far, previous studies usually ig-nored marketing factors which impact on earning management, such as corporate governance, result in they were unable to assess exactly the effect of policy. Therefore, we make use of Emerging Stock companies as a control group, using Difference in Difference(DID) to analy-sis. We focus on the earning management difference with listed and OTC firms and Emerging Stock companies. And if listed and OTC firms have been classified high level of voluntary disclosure, its earning management may reduce more than the other listed and OTC firms. In addition, discussing higher level of earning management industry’s the impact. Empirical re-sults indicate as follows: After revising of Information Disclosure Ranking System improves certainly earning management of listed and OTC firms which differs with Emerging Stock companies. However, compare between Information Disclosure Ranking System voluntary disclosure higher and lower enterprise, its earning management behavior has not certainly re-vealed the difference. After implementing Information Disclosure Ranking System, Electron-ics Industries’ earning management of listed and OTC firms have not anticipated results.