Financial Statement Comparability and Internal Capital Market Efficiency
碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 103 === This study focused on the relationship between the comparability of financial statements and internal capital allocation efficiency. Prior literature shows that the quality characteristics of accounting information affects capital allocation efficiency in...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2015
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| Online Access: | http://ndltd.ncl.edu.tw/handle/kz3878 |
| Summary: | 碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 103 === This study focused on the relationship between the comparability of financial statements and internal capital allocation efficiency. Prior literature shows that the quality characteristics of accounting information affects capital allocation efficiency in the internal capital markets. Therefore, this study examines whether further comparability affects the allocation of internal funds to using public companies in the US from 1981 to 2013, the empirical results show the comparability of financial statements helps enhance internal capital allocation efficiency of diversified firms.
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