The Study on The Relationship Btween Information Transparency and Financial Distress Firms

• Main Authors: YAU,HUEI-CHIUE, 姚惠雀
• Other Authors: JHANG,CHUN-BO
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/62147240643077129207

碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === The purpose of this study is to explore the relevance between information transparency and financially-distressed firms using the result produced by the Information Disclosure and Transparency Ranking System as variables to measure transparency of information. Study objects are the listed (cabinet) firms accepting third to eleventh information disclosure evaluation by the Securities & Futures Information Center. The results showed that: there is a significant negative relationship between information disclosure evaluation results and financial crisis, the better the company's operating performance, the higher its information transparency. A company with poor corporate governance as well as poor operating performance tents to have low information transparency. It is obvious that visible information transparency is an important measure of corporate value. Investors are strongly suggested to make careful evaluation before making any investment. A company with high information transparency might be a better choice. Key Words : Information Disclosure and Transparency Ranking System、Information Transparency、Corporate Governance、Transparency and Financial Distress Firms