The Association between Investment cash flow sensitivity and the Properties of Management Voluntary Earnings Forecasts
碩士 === 中原大學 === 會計研究所 === 102 === In this study, we focus on Taiwan Public companies to explore the association between investment cash flow sensitivity and Voluntary Financial Forecasts. This study discovers that companies increase investment cash flow sensitivity to undertake high information ris...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/4nyqsg |
| Summary: | 碩士 === 中原大學 === 會計研究所 === 102 === In this study, we focus on Taiwan Public companies to explore the association between investment cash flow sensitivity and Voluntary Financial Forecasts. This study discovers that companies increase investment cash flow sensitivity to undertake high information risk and financing cost that herein enhance the willing of Voluntary Earnings Forecasts publication.
In addition, investment cash flow sensitivity as a variable to measure the impact from the companies with published financial forecasts. It discovers the Earnings forecast earnings optimism relatively better quality from the companies with published financial forecasts. Because disclosures behavior could attract more investors and generate positive effectiveness through the market force.
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