;The investor conference is a medium that firms face to face communicate to investors, so that to reduce the information asymmetry , express the real value of the enterprise and assist financial statements users to make investment decisions. The main purpose of this research is following the regression model by Basu (1997)-“The measure of asymmetric timeliness in earnings.” and Beaver and Ryan (2000)-“The market value based measure of conservatism.” to study the impact to hold and the numbers of investor conference effect the relationship of conservatism in the Taiwan capital market firms, from 2009 to 2013.
The empirical results are that firms hold the investor conference are more conservative compared with firms without holding investor conference. That is consistent with the prediction，and we deduce firms hold investor conference tend to adopt more conservative accounting ,because of more in-depth review into financial information from investors. The numbers of investor conference are positive correlation with conservatism. We find that to hold and number of conference calls would positively effect on the relationship of conservatism.