| Summary: | 碩士 === 國立中正大學 === 會計與資訊科技研究所 === 105 === This study examines the relationship between information of video conference call and value-relevance. Recently, the conference calls have been one of the significant communicating methods between companies and investors gradually because the information disclosed in conference calls and the way of conference calls are different from other communication methods. Besides, Taiwan Financial Supervisory Commission（FSC）revised the law to require that listed companies have to hold or participate conference calls at least one time every year in March 2016. The purpose of the law is to increase information transparency.
In this study, we find that positive financial and positive earnings and positive non-earnings information disclosed in conference calls will increase earnings’ value-relevance and decrease equity book value’s value-relevance.
We provide evidences that when management disclosed more positive financial, positive earnings and positive non-earnings information, they will convey the message that the companies are in good shape to investors and lead investors to rely on earnings information when making decision. Hence, this study contributes that conference calls can provide additional information to investors, help investors making decision and raise the awareness of the management to put more focus on conference calls.
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