Teses / dissertações sobre o tema "Firm disclosures"
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Ding, Xin. "Climate Change Disclosures in Family Firms". Thesis, Université d'Ottawa / University of Ottawa, 2019. http://hdl.handle.net/10393/39222.
Texto completo da fonteÅhman, Elisabeth, e Fredrik Lundberg. "The effect of firm characteristics on disclosures: A Swedish context". Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-258802.
Texto completo da fonteTao, Cong. "Three essays on corporate disclosure and investment analysis". Electronic Thesis or Diss., Cergy-Pontoise, Ecole supérieure des sciences économiques et commerciales, 2024. http://www.theses.fr/2024ESEC0002.
Texto completo da fonteThis dissertation comprises three essays that explore various facets of corporate disclosure under the overarching theme of “Corporate Disclosure and Investment Analysis.” Leveraging innovative empirical data and advanced natural language processing techniques, I examine the relationship between the information needs of individual and institutional investors and the thematic content of corporate disclosure. Furthermore, I investigate how corporate disclosure plays a role in information users’ decisions, such as investors’ asset allocations and information intermediaries’ forecasts. Overall, this dissertation enhances our understanding of information providers’ preparation of financial and non-financial corporate disclosure and their relevance for information consumers, particularly investors and information intermediaries
Saucedo, Gabriel D. "The Effects of Human Capital and Voluntary Human Capital Disclosures on Investors' Decision-Making and Assessments of Firm Value". Diss., Virginia Tech, 2014. http://hdl.handle.net/10919/46978.
Texto completo da fontePh. D.
Westerlund, Daniela. "The Adherence Level of Sustainability Disclosures and Firm Value : Empirical Study on the Impact of GRI Report’s Adherence Level in regard to Firm Value in the Manufacturing Industry in Europe". Thesis, Jönköping University, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-52693.
Texto completo da fonteGarner, Steve A. "A Study of Firm Location to Examine Disclosures and Governance Using a Dual Approach: Quantitative Analysis Based Upon the Sarbanes-Oxley Act of 2002 and Qualitative Analysis of the Annual Report’s Management Discussion and Analysis". Thesis, University of North Texas, 2015. https://digital.library.unt.edu/ark:/67531/metadc799474/.
Texto completo da fonteChludek, Astrid K. [Verfasser], e Norbert [Akademischer Betreuer] Herzig. "The Impact of Deferred Taxes on Firm Value : Three Empirical Studies on the Cash Flow and Value Relevance of Deferred Taxes and Related Disclosures / Astrid K. Chludek. Gutachter: Norbert Herzig". Köln : Universitäts- und Stadtbibliothek Köln, 2011. http://d-nb.info/103811165X/34.
Texto completo da fonteRonnie, Lo Hok-Leung. "Voluntary corporate governance disclosure, firm valuation and dividend payout : evidence from Hong Kong listed firms". Thesis, University of Glasgow, 2009. http://theses.gla.ac.uk/1357/.
Texto completo da fonteAnis, Radwa Magdy Mohamed. "Disclosure quality, corporate governance mechanisms and firm value". Thesis, University of Stirling, 2016. http://hdl.handle.net/1893/24454.
Texto completo da fonteBradbury, M. E. "Characteristics of firms and voluntary interim earnings disclosures". Thesis, University of Auckland, 1988. http://hdl.handle.net/2292/1992.
Texto completo da fonteBoshnak, H. "Mandatory and voluntary disclosures in GCC listed firms". Thesis, University of the West of England, Bristol, 2017. http://eprints.uwe.ac.uk/30789/.
Texto completo da fonteGhani, Osman. "Topics in asymmetric information : the role of firm disclosure policy". Thesis, University of Warwick, 2016. http://wrap.warwick.ac.uk/81050/.
Texto completo da fonteZheng, Shucui. "EARRNINGS MANAGEMENT AND PATENTING DISCLOSURES". OpenSIUC, 2019. https://opensiuc.lib.siu.edu/dissertations/1661.
Texto completo da fonteVu, Kelly Bao Anh Huynh. "Determinants of voluntary disclosure for Vietnamese listed firms". Thesis, Curtin University, 2012. http://hdl.handle.net/20.500.11937/2181.
Texto completo da fonteWang, Yin. "Essays on Corporate Disclosure". Thesis, Université Paris-Saclay (ComUE), 2018. http://www.theses.fr/2018SACLH002.
Texto completo da fonteThis dissertation is composed of three chapters investigating the antecedents and consequences of corporate disclosure in the domain of empirical-archival financial accounting. The first chapter examines the real effects of firm disclosure and its timing on firm advertising investment. The second chapter, joint work with Thomas Bourveau and Vedran Capkun, documents the real consequences of pharmaceutical firms’ clinical trial disclosure in financial markets and on broader society. The third chapter presents a joint project with Vedran Capkun and Yun Lou, exploring intra-industry peer disclosure of proprietary information as antecedents of corporate disclosure decision at product level
WANG, JING. "ACQUIRING FIRMS’ STRATEGIC DISCLOSURE PRACTICES AROUND MERGERS AND ACQUISITIONS". Kent State University / OhioLINK, 2016. http://rave.ohiolink.edu/etdc/view?acc_num=kent1478491843462049.
Texto completo da fonteChen, Wei. "Does information asymmetry affect firm disclosure? Evidence from mergers and acquisitions of financial institutions". Diss., University of Iowa, 2018. https://ir.uiowa.edu/etd/6392.
Texto completo da fonteBae, Ji-hun, e 裴志憲. "Why do firms keep silent about upcoming earnings disappointments?" Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2013. http://hub.hku.hk/bib/B5066217X.
Texto completo da fontepublished_or_final_version
Business
Doctoral
Doctor of Philosophy
Dapko, Jennifer. "Perceived Firm Transparency: Scale and Model Development". Scholar Commons, 2012. http://scholarcommons.usf.edu/etd/4025.
Texto completo da fonteTarmizi, Achmad. "Corporate governance of family firms and voluntary disclosure : the case of Indonesian manufacturing firms". UWA Business School, 2007. http://theses.library.uwa.edu.au/adt-WU2008.0042.
Texto completo da fonteKlevan, Andrew. "Disclosure of the everyday : the undramatic achievements in narrative film". Thesis, University of Warwick, 1996. http://wrap.warwick.ac.uk/4099/.
Texto completo da fonteEpping, Lori L. "U.S.- listed foreign firms' non-GAAP financial performance disclosure behavior /". Full text available from ProQuest UM Digital Dissertations, 2009. http://0-proquest.umi.com.umiss.lib.olemiss.edu/pqdweb?index=0&did=1798967621&SrchMode=1&sid=6&Fmt=2&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1268336685&clientId=22256.
Texto completo da fonteSalama, Aly Ibrahim. "The relationship between corporate environmental disclosure, environmental reputation, and firm financial performance : UK evidence". Thesis, University of Nottingham, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.397582.
Texto completo da fonteLiu, Han. "The relationship between corporate governance, environmental disclosure, and firm value in Chinese listed companies". Thesis, Durham University, 2015. http://etheses.dur.ac.uk/11246/.
Texto completo da fonteEnache, Luminita. "Corporate governance and voluntary disclosure". Doctoral thesis, Università degli studi di Padova, 2012. http://hdl.handle.net/11577/3422545.
Texto completo da fontel principale obiettivo di questo lavoro è di quello di contribuire ad una maggiore comprensione delle politiche di comunicazione delle imprese e dei meccanismi di corporate governance, in particolare le caratteristiche dei consiglieri di amministrazione nel ridurre le asimmetrie informative. Nel primo capitolo sono state analizzate le teorie più rilevanti dell’accountability, come la voluntary disclosure e la corporate governance con l’obiettivo di evidenziare i contributi più significativi che ad esse sono state mosse e identificando nuovi temi di ricerca. Il capitolo secondo studia se i meccanismi di governance, quali la composizione del board è un sostituto piuttosto che un complemento della comunicazione volontaria nel ridurre le asimmetrie informative. Il terzo capitolo sottopone a verifica empirica le asserzioni più rilevanti derivanti dal ruolo che la corporate governance e voluntary disclosure hanno sulle proprietà delle previsioni degli analisti. Più nel dettaglio, il secondo capitolo mette in evidenza l’impatto che la composizione del consiglio di amministrazione ha sulla comunicazione volontaria riguardante i prodotti in sviluppo delle imprese biotech statunitense in presenza di alti costi di proprietà e di agenzia che li caratterizzano. Per analizzare come il board composition impattano sulla comunicazione volontaria, la ricerca distingue i componenti del consiglio di amministrazione in base al background e alle precedenti esperienze lavorative in tre categorie: a) business experts, sono gli amministratori esecutivi le cui competenze sono legate al processo decisionale; b) support specialists, si riferiscono ai esperti in ambiti specifici come finanza, diritto, ricerca e sviluppo, amministrazione e controllo; c) community influentials, si tratta di politici, membri di organizzazioni non profit che portano”knowledge, experience and linkages relevant to firm’s external environment” [Baron, 1985]. La classificazione proposta, basata sul ruolo potenziale dei singoli amministratori all’interno del consiglio di amministrazione amplia l’attenzione sulle funzioni che il consiglio di amministrazione riveste, prendendo un passo avanti rispetto alla maggior parte dei studi esistenti, e centrandosi non solo sul ruolo di monitoraggio ma anche sul potenziale contributo al processo decisionale strategico. Per ciascuna azienda biotech si è proceduto alla classificazione degli amministratori nelle tre categorie in precedenza presentate. Sono stata analizzate le biografie di ciascun amministratore dal documento DEF 14-A. La verifica empirica si è svolta considerando che la comunicazione volontaria – usando l’indice di voluntary disclosure costruito dal Guo et.al. (2004) – è una funzione della struttura di governance misurata come composizione del consiglio di amministrazione, usando il approccio proposto da Hillman et.al. (2000) e Baysinger and Butler (1985), descritta prima. I risultati ottenuti mettono in risalto il ruolo strategico che il board rinveste e inoltre conferma come la composizione del board in termini di competenze influenza la sua capacità di monitoraggio e quindi riduca, i costi di monitoraggio che la società deve sostenere. In particolare, si evidenzia come diversi membri del consiglio di amministrazione, quale support specialists and community influentials esercitano un ruolo diverso sulla voluntary disclosure. In generale, i support specialists tendono a favorire un incremento della disclosure. Al contrario, i comunity influentials votano per una “vague” disclosure, però tendono a fornire le informazioni prima. Questo ultimo risultato può essere dovuto al desiderio da parte dei community influentials di proteggere la loro reputazione alle spese dei shareholders. In conclusione, la ricerca condotta ha evidenziato come il problema della composizione del board deve essere affrontata superando la tradizionale classificazione degli amministratori in esecutivi e indipendenti. In tale ambito, assume una maggiore rilevanza il background, le competenze, e i legami degli amministratori. In fine, il presente lavoro porta in attenzione importante implicazioni per i corporate governance standard setters, che dovrebbero mostrare una maggiore attenzione e considerare il ruolo di ciascun membro al interno del consiglio di amministrazione nel specificare le varie direttive. L’ultimo capitolo della tesi tratta il ruolo che la governance e la voluntary disclosure hanno nell’influire le previsioni degli analisti, analizzate principalmente in un contesto statunitense delle aziende biotech. L’attenzione del ricerca è volta innanzitutto ad analizzare il ruolo che la board composition e le modalità con cui le società forniscono le informazioni, e successivamente come tali informazioni vengono interpretate dagli analisti finanziari nel produrre stime dei risultati aziendali (EPS). Oggetto di analisi sono le proprietà delle previsioni degli analisti, come la forecast accuracy, forecast dispersion, precision of public information, precision of private information (Barron et.al. 1998, 2002), usando, nominate più semplicemente information environment. Il framework utilizzato per la misurazione della disclosure è quello proposto da Guo et.al. (2004) che ci ha permesso anche di costruire un indice di consistenza della disclosure nel tempo. Questo ultimo viene calcolato come la differenza tra la voluntary disclosure nell’anno t meno la voluntary disclosure nell’anno (t-1) diviso la disclosure al tempo (t-1). Tutte le informazioni riguardante la comunicazione volontaria dei prodotti in sviluppo che le aziende biotech hanno nel portafoglio sono hand-collected usando come fonte il 10-K form, che deve essere predisposto da ciascuna società quaotata al New York Stock Exchange e depositato presso la SEC. Questo ci ha permesso di creare un database unico. Per quanto riguarda la corporate governance - board composition abbiamo presso in con il profilo degli singoli membri del consiglio di amministrazione in termini di background e competenze
Hassanein, Ahmed. "Informativeness of unaudited forward-looking financial disclosure : evidence from UK narrative reporting". Thesis, University of Plymouth, 2015. http://hdl.handle.net/10026.1/5143.
Texto completo da fonteZhang, Yunyan. "Firms’ Disclosure Policies and Capital Investment Constraints: Evidence from Reg FD". The Ohio State University, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=osu1312309779.
Texto completo da fonteThoresson, Alexander, e Pontus Niléhn. "Determinants of voluntary disclosure in Swedish corporate annual reports". Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-230442.
Texto completo da fonteKhaledi, Soheila. "Corporate Risk Disclosure: A Content Analysis of Swedish Interim Reports". Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-231965.
Texto completo da fonteMcDermott, Michael C. "Foreign divestment and employee disclosure and consulatation in the UK, 1978-1985". Thesis, University of Glasgow, 1986. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.236561.
Texto completo da fonteVural, Derya. "Disclosing the Books : Evidence on Swedish publicly listed firms' accounting disclosure practices". Doctoral thesis, Uppsala universitet, Företagsekonomiska institutionen, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-318594.
Texto completo da fonteAhmed, Kemal. "Auditing Fair Value measurements and Disclosures: A case of the Big 4 Audit Firms". Thesis, Umeå universitet, Handelshögskolan vid Umeå universitet (USBE), 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-67452.
Texto completo da fonteYahya, Sofri B. "The communicate effectivness of market risk disclosures in the annual reports of financial firms". Thesis, University of Southampton, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.249994.
Texto completo da fonteCheng, Mei Ling. "Firm equity decision, disclosure rule and corporate transparency, a revisit of market's use of earnings information". HKBU Institutional Repository, 2020. https://repository.hkbu.edu.hk/etd_oa/895.
Texto completo da fonteIsmail, Sherif. "Accountability practices of Islamic banks : a stakeholders' perspective". Thesis, University of Plymouth, 2015. http://hdl.handle.net/10026.1/4256.
Texto completo da fonteEntwistle, Gary. "Managing disclosure, the case of research and development in knowledge-based firms". Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1997. http://www.collectionscanada.ca/obj/s4/f2/dsk3/ftp04/nq21285.pdf.
Texto completo da fonteUllah, S., S. Ahmad, Saeed Akbar, D. Kodwani e J. Frecknall-Hughes. "Governance disclosure quality and market valuation of firms in UK and Germany". Wiley, 2020. http://hdl.handle.net/10454/17933.
Texto completo da fonteThis study develops a 'comply or explain' index which captures compliance and quality of explanations given for non-compliance with the corporate governance codes in UK and Germany. In particular, we explain, how compliance and quality of explanations provided in non-compliance disclosures, and various other internal corporate governance mechanisms, affect the market valuation of firms in the two countries. A dynamic generalised method of moments (GMM) estimator is employed as the research technique for our analysis, which enabled us to control for the potential effects of endogeneity in our models. The findings of our content analysis suggest that firms exhibit significant differences in compliance, board independence and ownership structure in both countries. The 'comply or explain' index is positively associated with the market valuation of UK firms suggesting that compliance and quality governance disclosure is value relevant in the UK. Institutional blockholders' ownership is however, negatively associated with the market value of firms, which raises questions about the monitoring role of institutional shareholders in both countries. We argue that both compliance and explanations given for non-compliance are equally important, as long as valid reasons and justifications for non-compliance are provided by the reporting companies. These findings thus imply that the 'comply or explain' principle is working well and that UK and German companies could benefit from the flexibility offered by this principle. With respect to the role of board size, board independence, ownership structure, and institutional ownership of firms, this study offers policy implications.
Kröchert, Sarah. "Three Essays on the Consequences of Disclosure". Doctoral thesis, Humboldt-Universität zu Berlin, 2018. http://dx.doi.org/10.18452/19226.
Texto completo da fonteThis dissertation comprises three papers on the consequences of mandatory, financial disclosures. The first study focuses on a rule change which applies to investors who are required to disclose their ownership in firms. It investigates which investor types adjust their holdings in response to this rule change, the introduction of lower reporting thresholds. Results are consistent with a reshuffling of the ownership structure of firms. Precisely, they show that mutual funds and, to a lesser extent, banks decrease their holdings while non-financial corporations increase their holdings. The second study concentrates on the role of disclosures in portfolio decisions of one particular investor type, mutual funds. It analyzes whether comparability of firms’ accounting disclosures is associated with their membership in mutual funds’ portfolios. Results are in line with accounting comparability mattering for portfolio selection. Specifically, mutual funds are more likely to include a firm in their portfolio if the firm is more comparable, in accounting terms, to existing portfolio peers. The third study shifts the attention to accounting professionals who assist in the preparation of financial disclosures, auditors and consultants. It studies country-level as well as occupation-specific determinants of the decision to temporarily migrate within firms. Results suggest that differences in accounting and tax rules across countries can affect migration decisions of these professionals.
Hassan, Mohamat Sabri. "The information quality of derivative disclosure in corporate annual reports of Australian firms in the extractive industries". Thesis, Queensland University of Technology, 2004. https://eprints.qut.edu.au/15962/1/Mohamat_Sabri_Hassan_Thesis.pdf.
Texto completo da fonteHassan, Mohamat Sabri. "The information quality of derivative disclosure in corporate annual reports of Australian firms in the extractive industries". Queensland University of Technology, 2004. http://eprints.qut.edu.au/15962/.
Texto completo da fonteHettler, Barry R. "Disclosure Practices of Dual Class Firms: An Examination of Voluntary and Mandatory Reporting". Kent State University / OhioLINK, 2015. http://rave.ohiolink.edu/etdc/view?acc_num=kent1428570715.
Texto completo da fonteLai, Hui-Chun, e 賴薈群. "xamining Security Price changes Accompanying and Subsequent to TSE Firm''s Insider Trading Disclosures". Thesis, 1998. http://ndltd.ncl.edu.tw/handle/54166512789950125148.
Texto completo da fonte國立臺灣大學
國際企業學系研究所
86
This empirical thesis explores the extent to which Taiwan Stock Exchange (TSE) public firm insiders manipulate the stock prices through their disclosures of reducing the shareholdings, examining the price impacts of these announcement s. It aims to better understand (1) whether and how the security market reacts to these events? Specially, do investors appear to use all available informat ion while determining the share prices? (2) do there exist significant structu re changes in investors* response coefficienThe research results are consisten t with the follow three notions. First, investors appear to adopt all factors that are available in the financial media while determining the share prices. Nevertheless, there is no corroborative evidence that investors* information s ets include variables not provided by the public media.Second, investors* prio r-period response coefficient serves as a variable to insiders* decision to fi le the stockholding reduction documents. The stocks that have strong negative reactions have a significantly smaller number of subsequent-period selling dis closures.Third, investors perceive major shareholders as being significantly l ess informed than members of both Board of Directors and Board of Supervisors. The latter (former) party*s selling disclosures appear to serve as a more (le ss) negative signal.
Song, In-Man. "Differential stock price reaction to inflation-adjusted disclosures under SFAS 33 effects of firm-specific characteristics /". 1986. http://catalog.hathitrust.org/api/volumes/oclc/15184806.html.
Texto completo da fonteTypescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references (leaves 150-156).
Kuo, Yuhan, e 郭語涵. "The Relation of comparison Intellectual Capital Disclosure betweenFamily Firms and Non-Family Firms on Firm Value". Thesis, 2011. http://ndltd.ncl.edu.tw/handle/95123778203220082800.
Texto completo da fonte東海大學
會計學系
100
Intellectual capital disclosure is voluntary disclosure. Intellectual capital disclosure is important to enterprises according to the interview of Goran Ross, the professor of ICS in England, held in Taiwan in 2006(Wu,2006). Also, Goran mentioned that intellectual capital disclosure is the root of firm value and a challenge that people have to face in the future because the global capital market is affected by environment. However, Yeh, Su, Ke, and Lee mentioned that over half of enterprises in Taiwan are family firm (2003). This study discusses that, among listed companies and over the counter companies in electronic information industries, whether there is a difference of intellectual capital disclosure exists on family firms and non-family firms in Taiwan. Furthermore, the study also researches that how the intellectual capital disclosure with high quality the influences on firm value. The subjects are listed companies and over the counter companies in electronic information industries from 2005 to 2009. The study also analyzes the present situation of intellectual capital disclosure by using the financial reports of family firms and non-family firms. The measurement of information transparency is adopted content analysis. The study made 40 indexes, obtained by referring related researches of intellectual capital disclosure, present the difference of intellectual capital disclosure between family firms and non-family firms on firm value. The result of the experiment appears that it is a positive relationship between intellectual capital disclosure and firm value. It means that higher intellectual capital disclosure quality, less the uncertainty of enterprise and the information asymmetry, resulting in higher firm value. Furthermore, the study discovers that non-family firms prefer to disclose much intellectual capital information than family firms. Hence, the firm value of non-family firms is higher.
Liu, Chih-Liang, e 劉志良. "Compensation Disclosure and Firm Value". Thesis, 2010. http://ndltd.ncl.edu.tw/handle/25048937266230241677.
Texto completo da fonte國立交通大學
經營管理研究所
98
The dissertation is set out to explore the market value of different transparency levels of disclosure of information on compensation paid to directors and executives. Under the theory of self selection, firms with higher levels of board independence will tend to provide comprehensive disclosure of compensation, thereby leading to lower agency conflicts. Since the authorities in Taiwan adopt a policy of gradual enforcement of compensation disclosure, firms are provided with discretion with regard to any greater levels of transparency that they may choose to provide. Such unique natural experimental setting is therefore exploited to examine the effects of different levels of transparency of compensation disclosure on market value. The first essay is to answer the question of whether firms voluntarily providing comprehensive disclosure of information on compensation paid to directors and executives have higher market values. The evidence indicates that the market provides a higher valuation to those firms which elect to voluntarily disclose comprehensive information on their compensation practices. However, the electronics firms using large proportion of stock-based bonus are not valued higher due the reason that the difficulty for valuing the stock-based bonus makes the outsiders hard to identify the agency problems. The robustness from the Ohlson model, the self-selection model and the regressions controlling firm-age and time-series effects provides the same results. The second essay is to extend the compensation disclosure issue from previous evidence by suggesting that whether medium level of transparency on compensation disclosure provide additional market value after controlling the effects of comprehensive disclosure. The evidence finds that even where such disclosure is in excess of the minimum mandatory requirements, lower levels of transparency in the overall disclosure of compensation practices are of very little help with regard to the creation of market value. However, for the non-electronics firms generally regarded as having relatively weak governance mechanisms, the effect of medium disclosure on market value is significantly positive because of the disclosure gap. The overall evidence suggests that only comprehensive disclosure on compensation provide higher market values, whilst other levels of transparency are of little for the market value creation.
Chen, Chin Pei, e 陳進培. "Information Disclosure Quality and Firm Valuation". Thesis, 2011. http://ndltd.ncl.edu.tw/handle/37571287611851378795.
Texto completo da fonte國立臺灣大學
會計與管理決策組
99
The purpose of this study is to discuss the information disclosure system built by the Securities and Futures Institute of Taiwan. Evaluated results of Information Transparency Raking System were used as the disclosure transparency proxy variable to examine whether the firms with better disclosure have higher valuation. Evaluation results from the third through the seventh round of evaluation of Taiwanese listed companies were used as samples for the Ohlson regression model and Spearman Rank Order Correlation, to see whether the system improve financial reporting of information vital to investors and thus have an impact. The empirical results showed that: Companies with higher transparency have a higher book value per share and fundamental value than companies with lower transparency. The evaluation system built by the Securities and Futures Institute can effectively disclose information, but research showed the association between P/B ratio and disclosure rank is not significant.
Yu-FanHung e 洪宇凡. "The Relation between Sustainable Value Matrix Disclosure and Firm Value: Evidence from Taiwan Listed Firms". Thesis, 2019. http://ndltd.ncl.edu.tw/handle/983jk7.
Texto completo da fonte國立成功大學
會計學系
107
As the rise of the world's environmental awareness, companies must face environmental, social and governance issues. At present, there is a lack of consensus on the implementation of corporate social responsibility issues. Some scholars believe that companies can enhance the firm value by satisfying the non-shareholder stakeholders. Other scholars believe that if the company invest too much resource in corporate social responsibility issues, it will lead to deterioration of financial performance and reduce the firm value. However, if companies use Sustainable Value Matrix to allocate resources, there is the opportunity to meet stakeholder expectations and enhance firm value simultaneously. This study finds that the disclosure of Sustainable Value Matrix is positively related to firm value. However, if we focus on companies with CSR reports, the relation exists only when the sample is limited to the company of FTSE TWSE Taiwan 50. In addition, we find a positive correlation between firm value and corporate social report assurance, but this relationship causes that the effect of Sustainable Value Matrix disclosure on firm value is reduced.
Chen, Chien-Cheng, e 陳建成. "Compatibility,Technology Disclosure and Firm''s Competition". Thesis, 2001. http://ndltd.ncl.edu.tw/handle/67582676721323880993.
Texto completo da fonte淡江大學
產業經濟學系
89
As we can see, many existent products have to be united together when using them in order to generate their product values, such as video and tapes, computer hardware and software, ATM machine and our ATM card, etc. Generally speaking, these united products are called “system product.” The purpose for this thesis is to investigate the effect of compatibility, network externality, and system technology disclosure and entry, to firms’ behaviors in a Cournot competition. The differences between this thesis and the existing literature are several folds. First, we assume compatibility among products is asymmetric, and is a long-term endogenous variable for each firm. Second, a two-period model is set up. Firms choose the degree of compatibility conditional on their own technology level, and then choose quantity in a Cournot-competition market. Third, a firm, based on strategy considerations, may franchise its manufacturing technology to new firms, and hence entices more entrants. We investigate how the effect of this sort of technology disclosure works in this thesis. Forth, to see whether the competitive equilibrium achieves the social optimality, we also take into account social welfare issue. Finally, the comparative statics also explore how the network externality, network size, production cost, compatibility, the number of entrants, franchising fee, and product differentiation influence the firms’ behaviors. The first finding coming out is that, when the product compatibility of the rival firm is decreasing, the firms will increase their own compatibility to the rival firm’s product. This enables firms to enlarge their market shares and profits. If a firm has a relatively low product cost, and a relatively low compatibility, it can increase its output level and hence profit by decreasing product differentiation. If compatibility is a long-term endogenous variable, then the equilibrium compatibility level will be lower when the firm has a lower production cost or a lower product differentiation. On the contrary, if the firm has a relatively higher production cost or a higher network effect, then its equilibrium compatibility will get larger. When a firm discloses its system technology, the outputs and profits of all incumbents are decreasing in the number of new entrants. However, if the firm who discloses its technology sets an enough high franchising fee, its profit may increase. As for the social welfare, the competitive equilibrium compatibility achieves the social optimality no matter before or after technology disclosure if the marginal cost of compatibility change is constant.
Yen, Chai-Po, e 顏嘉柏. "The Decline Firm Increasing Information Transparency and Disclosure and Improving Firm Performance". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/84217976321854755870.
Texto completo da fonte國立東華大學
國際企業學系
102
The company with higher level of information transparency has been argued to generate better performance in the previous studies. However, on the contrary, fewer studies to investigate whether the declining firms increase information transparency improve their performance. According to signaling theory, firm with information asymmetry problems, can turn to the increased information transparency to reduce agency costs and improve their performance. Hence, the level of information transparency is a good way for declining firms to improve performance. The purpose of this paper is to figure out the relationship between the level of decline firm’s information transparency and its performance. We employ a panel data consisting of the unique database of Corporate Information Transparency and Disclosure Ranking (CITDR) of the firms to analyze the relationship between the information transparency and firm performance. The results showed that: (1) information transparency is not a long-term way to improve firm performance; (2) the independent outside directors and absorptive capacity can enhance the relationship between information transparency and firm performance.
Yu-Xuan, Lin, e 林育瑄. "The Impacts of Tax Aggressiveness Strategies on Information Disclosure and Firm Value for Listed Firms in Taiwan". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/q9r9b6.
Texto completo da fonte國立高雄應用科技大學
會計系
102
The taxes burden may affect the cash flows of firms and shareholders. How to manage tax costs and reduce tax risk has become important considerations for firms’ business decisions, so firms would reduce the costs through the tax strategies. This study investigates the impacts of tax aggressiveness strategies on information disclosure and firm value for listed firms in Taiwan. The empirical results show that no relation between the tax aggressiveness strategies and information disclosure for listed firms in Taiwan. Furthermore, the results suggest that tax aggressiveness strategies is beneficial to firm value for listed firms in Taiwan. I also found the more tax aggressiveness strategies would increase the value relevance of earnings relevance for listed firms in Taiwan.