會計政策揭露、IFRS資訊品質與權益資金成本關聯性之研究;The Relevance between Accounting Policy Disclosure, IFRS Information Quality and the Cost of Equity Capital

NCUIR > School of Management at National Central University > Graduate Institute of Business Administration > Electronic Thesis & Dissertation > Item 987654321/71520

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Title:	會計政策揭露、IFRS資訊品質與權益資金成本關聯性之研究;The Relevance between Accounting Policy Disclosure, IFRS Information Quality and the Cost of Equity Capital
Authors:	高偉玲;Kao,Wei-Ling
Contributors:	企業管理學系
Keywords:	會計政策揭露;IFRS資訊品質;權益資金成本;Accounting Disclosure Policy;IFRS Information Quality;Cost of Equity Capital
Date:	2016-08-18
Issue Date:	2016-10-13 13:10:54 (UTC+8)
Publisher:	國立中央大學
Abstract:	2008金融海嘯顯現出企業資訊透明度過低的癥結，因此會計政策揭露是所有企業在此困境中不容忽視的課題。企業必須揭露重大資訊與提升財務報表的資訊品質，其中，財務報表為投資人做決策依循的一項重要工具，一份資訊品質高的財務報表，能讓投資人面對的風險下降，進而降低公司之權益資金成本並提升公司之價值。近年來國際財務報導準則〈International Financial Reporting Standards，IFRS〉由於增加資訊揭露程度的特性，獲得廣大認同，採用IFRS的風氣也因此受到各國家的倡導，於是轉換IFRS已是全球的趨勢。而國際財務報導準則與一般公認會計原則〈Generally Accepted Accounting Principles，GAAP〉的其中一項差別在於，財務報表的附註中增添更多重要資訊的揭露，如此可提供給報表使用者更多的參考資訊。本研究透過企業訪談來設計問卷，並以台灣上市、上櫃與興櫃公司為樣本，加上自台灣經濟新報社資料庫〈Taiwan Economic Journal, TEJ〉擷取樣本之公開財務資料，綜合問卷資料與公開財務資料，以進行統計分析。期望能觀察到會計政策揭露程度、IFRS資訊品質因素與權益資金成本之關聯性。本研究實證結果發現對樣本公司來說，會計政策揭露和IFRS資訊品質呈現正相關，表示當公司的會計政策揭露得越完整，其基本品質特性與強化品質特性就會越高；藉由檢定發現會計政策揭露與權益資金成本呈現負相關，表示當公司的會計政策揭露程度越高時，公司的權益資金成本就會越低；藉由檢定發現IFRS資訊品質與權益資金成本呈現負相關，IFRS資訊品質指標越高時，公司的權益資金成本就會越低。;The adoption of International Financial Reporting Standards (IFRS) will increase the accounting disclosure of financial reporting, and contribute to globalization. IFRS and Generally Accepted Accounting Principles (GAAP) are mainly different from accounting policy disclosure, which provide more information to users .This study investigate the influential factors of accounting policy disclosure by using the questionnaire survey of listed companies, OTC companies and emerging stock companies. Besides, this study refer the published financial data from Taiwan Economic Journal of these companies. The main purpose of this research plan is to explore the relevance between accounting policy disclosure, IFRS information quality and the cost of equity capital. The empirical results show the accounting policy disclosure and IFRS information quality presented a significant positive correlation. It means that increase accounting policy disclosure, resulting in the higher IFRS information quality. The empirical results show the accounting policy disclosure and the cost of equity capital presented a significant negative correlation. It means that increase the accounting policy disclosure, resulting in the lower cost of equity capital. The empirical results show the IFRS information quality and the cost of equity capital presented a significant negative correlation. It means that increase the IFRS information quality, resulting in the lower cost of equity capital.
Appears in Collections:	[Graduate Institute of Business Administration] Electronic Thesis & Dissertation

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