| Summary: | 碩士 === 國立中央大學 === 企業管理學系 === 105 === This study examines the association between the risk assessment and control activities of internal control system, the quality of accounting information, TCRI grade and foreign investor shareholding rate for Taiwan IPOs. The empirical results show that risk assessment and control activities of internal control system is positively related to accounting information quality, and
both of them are negatively related to TCRI grade. Therefore, those firms have good risk assessment and control activities of internal control system operation can increase their accounting information quality and decrease TCRI grade. It facilitates creditors and investors’ confidence. The research finds that risk assessment and control activities of internal control
system operation have a positive effect on accounting information quality and accounting information quality have a positive effect on foreign investor shareholding rate, too. Risk assessment and control activities of internal control system operation have a negative but not
significant effect on foreign investor shareholding rate. It shows that foreign investors consider many factors when they make investment choices. For example, profitability of companies. The study also uses quality of accounting information as a mediator to examine whether risk assessment and control activities of internal control system operation have effects on foreign
investor shareholding rate and TCRI grade. The results show that mediation effects exist. Therefore, those enterprises want to attract domestic and foreign investment should try their best to create an excellent quality of investment environment by implementing their risk assessment and control activities of internal control system and strengthen accounting
information quality.
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