關鍵詞： 公允價值、會計資訊品質、忠實表述、信用風險、外資持股比率;This study examines the correlation between fair value, the quality of accounting information, credit risk and foreign investment shareholding ratio. It shows that the adoption of fair value can reduce the credit risk through the faithful representation of the quality of accounting information, enhance the foreign ownership ratio as well. That is, with the aim of adopting fair value and faithful representation on the accounting information, stakeholders of the enterprise can monitor the enterprise’s financial status easily, provide better investing decision and increase investing wiliness with better quality of accounting information. Adoption of fair value may enhance the transparency of the financial status of the enterprise; help reduce the credit risk and lower financing cost. The empirical result finds out that the effect of fair value on credit risk is negatively correlated; and fair value is positively correlated with the effect of foreign ownership ratio, which is consistent with the hypothesis of this study. However, the fair value does not have a direct and significant effect on the two variables above. It is speculated that fair value may have to be subject to mediator which can significantly affect the credit risk and foreign investor shareholding ratio. Therefore, this study further uses the quality of accounting information as the mediator to explore whether the use of fair value can improve the quality of accounting information and significantly affect the credit risk and foreign investor shareholding ratio.
Keywords: Fair Value, Quality of accounting information, Faithful representation, Credit Risk, Foreign investor shareholding ratio
