博碩士論文 101451023 詳細資訊




以作者查詢圖書館館藏 以作者查詢臺灣博碩士 以作者查詢全國書目 勘誤回報 、線上人數:5 、訪客IP:18.205.96.39
姓名 葉駿霈(Chun-Pei Yeh)  查詢紙本館藏   畢業系所 企業管理學系在職專班
論文名稱 法人說明會對國際化績效與創新的影響
(The impact of conference call effect to internationalization on performance and company innovation)
相關論文
★ 我國中小企業貸款門檻操縱行為分析 -以某銀行授信戶為例★ 董事會結構與自願性財務預測之關聯性
★ 國際化、創新活動與公司績效:台灣上市公司董事會結構論析★ 國際化對公司經營績效的影響:資訊透明度的中介效果
★ 內部人持股與會計師選擇關聯性之研究-以馬來西亞上市公司為例★ 利用吸引力因子進行嚴重服務失誤補救之成效
★ 提升企業價值之永續發展策略 -以H公司資源回收為例★ 組織變革對業務人員銷售力的影響-以電子零組件通路商為例
★ 會計保守性與法說會的關聯性★ 探索產品品牌、品牌個性與人格特質的對應關係
★ 復徵證券交易所得稅對台灣股市之影響★ 投資人情緒與資訊透明度關聯性之研究
★ 公司股權結構與內部人交易關聯性之研究★ 分析師是否高估應計項目的價值-兼論其對現金增資偏低訂價之影響
★ 分析師預測與新上市公司新股折價關聯性之研究★ 分析師預測與現金增資偏低定價關係之研究
檔案 [Endnote RIS 格式]    [Bibtex 格式]    [相關文章]   [文章引用]   [完整記錄]   [館藏目錄]   至系統瀏覽論文 ( 永不開放)
摘要(中) 法人說明會是近年公司管理當局常用與投資人溝通的方式,期能降低投資人與公司管理當局之間的資訊不對稱,並縮小公司市場價值與真實價值間的落差。公司在積極國際化與創新布局之際,同時也會提高資訊揭露程度,以期獲得投資人認同。本文研究法人說明會即管理當局自願性揭露資訊對於公司與投資人之意涵,並探討公司召開法說會是否能提升國際化績效以及創新活動。以2009-2012台灣上市上櫃公司為樣本。實證結果發現隨(1)法人說明會的召開與(2)召開法說會次數之增加會提升國際化績效與創新活動。
摘要(英) In recent years, firms tend to hold conference call to have more communication with market investors so that to reduce the information asymmetry and the difference between firm’s actual value and market value. Multinational and innovational firms would also tend to have higher information transparency to gain market investor’s recognition. The primary objective of this paper is to study the effect of conference call, self information disclosure, to firm and investors. This study examines the association among conference calls, internationalization on performance and level of innovation. Using a sample of publicly traded firms listed on the Taiwan Stock Exchange from 2009 to 2012, we find that to hold and number of conference calls would positively moderate effect on the relationship of internationalization on performance and company innovation.
關鍵字(中) ★ 法人說明會
★ 國際化績效
★ 創新活動
★ 資訊不對稱
關鍵字(英) ★ conference call
★ internationalization on performance
★ innovation
★ information asymmetry
論文目次 摘要………………………………………………………………………………………….....i
ABSTRACT……………………………………………………………………………………ii
誌謝…………………………………………………………………………………………....iii
目錄……………………………………………………………………………………………iv
表目錄………………………………………………………………………………………….v

壹、緒論 1
1-1研究背景 1
1-2 研究動機與目的 3
1-3 問題探討 5
貳、文獻回顧與假說建立 6
2-1法人說明會相關文獻 6
2-2國際化績效與創新活動 7
2-3法人說明會、國際化績效與創新活動之關聯 8
參、研究方法 11
3-1主要變數定義及衡量方式 11
(一) 應變數 11
(二) 自變數 12
(三) 控制變數 14
3-2實證模式 15
肆、選樣及敘述統計分析 17
4-1 研究期間與資料來源 17
4-2 敘述統計與相關分析 18
伍、實證結果分析 21
5-1召開法人說明會對國際化績效 21
5-2召開法人說明會對創新活動 21
5-3召開法人說明會次數對國際化績效與創新活動 23
5-4相較與不常開公司,經常開法說會公司,國際化績效與創新活動較好…………26
陸、研究結論與建議 28
參考文獻……………………………………………...………………………………………29

表一 INT國際化主成分分析(因素分析)…………………………………………………14
表二 各變數與定義……………………………………………………………………….. 15
表三 樣本分配表………………………………………………………………………….. 17
表四 樣本敘述統計……………………………………………………………………… 18
表五 Pearson相關係數矩陣……………………………………………………………….20
參考文獻 參考文獻
中文文獻
1. 王佩珍(2004),資訊揭露評鑑制度對股價影響之研究,私立中原大學會計研究所碩士論文。
2. 林新葦(2012),國際化對公司經營績效的影響:資訊透明度的中介效果,國立中央大學企業管理研究所碩士論文。
3. 蔡幸儒(2002),法人說明會資訊內涵及影響管理當局召開行為動機之研究,國立台北大學會計學研究所未出版碩士論文。
4. 汪戊安(2012). "法人說明會資訊對上下游公司間股價之影響-以我國半導體產業為例." 1-92.
5. 曹壽民、陳光政(2010),創新活動、國際化與公司績效:以台灣上市公司之國外直接投資檢測,管理學報,第27卷第3期,205-224。
6. 吳安妮(1991),經理人員自願揭露盈餘預測資訊給外界之決定因素-實證研究。
7. 俞海琴、陳慧娟(1999),「我國上市公司成長, 槓桿與托賓 Q 關聯之研究」, Journal of Risk Management,1(1),81-101頁,。
8. 金城隆、林美鳳與梁家紋(2008),「公司治理結構和法人說明會之關聯性研究」,管理學報,第25卷,第2期,221-243。
9. 謝純慧、黃志強、張桓、曹壽民(2013),股權結構與創新活動的短視行為,會計學報,第5卷第 1期,2013年11月 第 97-136頁
10. 陳光政(2008),最終所有權結構對國際化之績效與創新的影響,國立中央大學企業管理研究所博士論文。
11. 鍾宇軒、黃劭彥、戚務君(2013),法人說明會對企業資訊不對稱的影響,管理學報。
12. 陳冠宙、陳育成、陳雪如(2005),影響上市公司網站資訊透明度因子之實證,會計與公司治理,第2 卷第1 期:33-59。
13. 金成隆(2005), et al.. "強制性財務預測與法人說明會關聯性之研究." 管理學報 22(5): 629-651.
14. 陳瑞斌、許崇源(2007),資訊揭露水準對於權益資金成本之影響,東吳經濟
甲、 商學學報,第61 期:67-108。
15. 賴柏錚(2003),「不同型態法人說明會資訊內涵之差異及法人說明會之資訊公平性研究」, 國立台北大學,碩士論文。
16. 葉銀華、李存修、柯承恩(2002),公司治理與評等系統,商智文化。
17. 蔡明翰(2011),「投資現金流量敏感度與法人說明會」,國立中央大學,碩士 論文。
18. 薛明玲(2000),台灣地區主要高科技公司財務管理策略探究,私立東吳大學 會計學系碩士論文。

英文文獻
1. Kimbrough, M. D. and H. Louis (2011). "Voluntary disclosure to influence investor reactions to merger announcements: An examination of conference calls." The Accounting Review 86(2): 637-667.
2. Allen, L. and C. Pantzalis. (1996).“Valuation of the Operating Flexibility of Multinational Corporations”. Journal of International Business Studies, Vol. 27, Issue 4, pp.633-653.
3. Lee, H. L., et al. (2000). "The value of information sharing in a two-level supply chain." Management science 46(5): 626-643..
4. Barry, C.B., Brown, S.J.(1986). “Limited information as a source of risk”. The Journal of Portfolio Management 12, 66–72.
5. Kohlbeck, M. and M. Magilke (2002). "The impact of concurrent conference calls on the information content of earnings announcements." Available at SSRN 302230.
6. Brown, S., S. A . Hillegeist, and K. Loc.(2004). “Conference calls and information asymmetry”. Journal of Accounting and Economics, 37. 343-366.
7. Bushee, B. J., D. A, Matsumoto, and G. S., Miller.(2003).“Open vs. Closed Conference Call: The Determinants and Effects of Broadening Access to Disclosure”. Journal of Economics, February, 149-180
8. Francis, J. R., et al. (2005). "Disclosure incentives and effects on cost of capital around the world." The Accounting Review 80(4): 1125-1162.
9. Denis, D. J., Denis, D. K., & Yost, K.(2002). “Global diversification, industrial diversification, and firm value”. Journal of Finance 57(5): 1951-1979.
10. Chin, C. L., P. Lee, P. W. Wang, and G. Kleinman, 2007. Does Innovation Matter to Conference Calls IEEE Transactions on Engineering Management, 54, 1-18.
11. Brown, S., et al. (2004). "Conference calls and information asymmetry." Journal of Accounting and Economics 37(3): 343-366.
12. Brown, Stephen, Stephen A. Hillegeist, and Kin Lo. "Conference calls and information asymmetry." Journal of Accounting and Economics 37.3
(2004): 343-366.
13. Porter, M. E.(1990). “The competitive advantage of nations”. New York: The Free Press.
14. Matsumoto, D., et al. (2011). "What Makes Conference Calls Useful? The Information Content of Managers′ Presentations and Analysts′ Discussion Sessions." The Accounting Review 86(4): 1383-1414
15. Deresky, Helen.(1994). “International Management: Managing Across Boarders and Cultures”. New York: Haper Collins College Publisher.
16. Diamond, D. W., and R. E. Verrechia.(1991). “Disclosure, Liquidity, and the Cost Capital”. The Journal of Finance 46(4):1325-1359.
17. Bushee, Brian J., Dawn A. Matsumoto, and Gregory S. Miller. (2003)"Open versus closed conference calls: the determinants and effects of broadening access to disclosure." Journal of Accounting and Economics 34.1 : 149-180.
18. Dunning, J. H.(1993). “Multinational Enterprises and the Global Economy”. Addison -Wesley Publishing Co.
19. Hui, K. W., et al. (2012). "Corporate suppliers and customers and accounting conservatism." Journal of Accounting and Economics 53(1): 115-135.
20. Elliott, R. K., and P. D. Jacobson.(1994). “Costs and Benefits of Business Information Disclosure”. Accounting Horizons(12):80-96.
21. Frankel, R., M. Johnson, and D. J. Skinner.(1999). “An empirical examination of conference calls as a voluntary disclosure medium.” Journal of Accounting Research, 37(1), 133-150.
22. Grant, R. M., A. P. Jammine, and H. Thomas.(1988). “Diversity, diversification, and profitability among British manufacturing companies”. Academy of Management Journal 31, 771-801.
23. Frankel, R., M. McNichols, and G. Wilson.(1995).“Discretionary Disclosure and External Financing”. Accounting Review, 70, No.1, pp.135-50.
24. Geringer, J. M., Beamish, P. W., & daCosta, R. C. (1989).“Diversification Strategy and Internationalization: Implications for MNE Performance”. Strategic Management Journal, 10(2), 109-119.
25. Geringer, J. M., Tallman, S., & Olsen, D. M.(2000). “Product and geographic diversification among Japanese multinational firms.” Strategic Management Journal 21(1): 51-80.
26. Frankel, Richard, Marilyn Johnson, and Douglas J. Skinner. "An empirical examination of conference calls as a voluntary disclosure medium." Journal of Accounting Research 37.1 (1999): 133-150.
27. Gomes, L., & Ramaswamy, K.(1999). “An Empirical Examination of the Form of the Relationship between Multinationality and Performance”. Journal of International Business Studies, 30(1), 173-187.
28. Inkpen, Andrew C., and Paul W. Beamish. "Knowledge, bargaining power, and the instability of international joint ventures." Academy of management review(1997): 177-202.
29. Gomez-Mejia, L., and L. Palich.(1997). “Cultural diversity and the performance of multinational firms”. Journal of International Business Studies 28, 309-336.
30. Hitt, M. A., R. E. Hoskisson, and H. Kim.(1997). “International diversification: Effects on innovation and firm performance in product-diversified firms”. Academy of Management Journal 40, 767-798.
31. Hitt, M. A., R. E. Hoskisson, and R. D. Ireland.(1994). “A mid-term theory of the interactive effects of international and product diversification on innovation and performance”. Journal of Management 20, 297-326.
32. Hitt, M. A., Tihanyi, L., Miller, T., & Connelly, B. (2006). “International diversification: Antecedents, outcomes, and moderators”. Journal of Management 32(6): 831-867.
33. Jensen, M.C. and W. H. Meckling.(1976). “Theory of the firm : managerial behavior, agency costs and ownership structure”. Journal of Financial Economics 3 (1976):305-360.
34. Kim, W. C., P. Hwang, and W. P. Burgers.(1989). “Global Diversification Strategy and Corporate Profit Performance.” Strategic Management Journal, 10: 45-57.
35. Kotabe, M.(1990). “The relationship between offshore sourcing and innovativeness of U. S. multinational firms: An empirical investigation”. Journal of International Business Studies 21, 623-638.
36. Kotabe, M., S. S. Srinivasan, and P. S. Aulakh.(2002).“ Multinationality and Firm Performance: The Moderating Role of R&D and Marketing Capabilities.” Journal of International Business Studies, 33, 79-97.
37. Lehn, K., J. Netter and A. Poulsen.(1990). “Consolidating Corporate Control: Dual- Class Recapitalizations versus Leveraged Buyouts”. Journal of Financial Economics, 27(2), 557-580.
38. Lins, K. V.(2003). “Equity ownership and firm value in emerging markets”. Journal of Financial and Quantitative Analysis 38, 159-184.
39. Merton.(1987).“Presidential Address: A simple model of capital market equilibrium with incomplete information”.Journal of Finance, No.42, July, 483-510.
40. Ramaswamy, K.(1993). “Multinationality and performance: An empirical examination of moderating effect of configuration”. Academy of Management Best Paper Proceedings:142-147.
41. Beyer, A., et al. (2010). "The financial reporting environment: Review of the recent literature." Journal of Accounting and Economics 50(2): 296-343.
42. Rindfleisch, A and J. B. Heide.(1997). “Transaction Cost Analysis: Past, Present and Future Applications”. Journal of Marketing, 61(4), 30-54.
43. Kimbrough, M. D. (2005). "The effect of conference calls on analyst and market underreaction to earnings announcements." The Accounting Review 80(1): 189-219.
44. Sharpe, W.(1964). “Capital assets prices: A theory of market equilibrium under
36 conditions of risk”. Journal of Finance 29, 425-442.
45. Tasker, Sarah C. "Bridging the information gap: Quarterly conference calls as a medium for voluntary disclosure." Review of Accounting Studies 3.1-2 (1998): 137-167.
46. Shiue, F. J., K. C. Chung, and Y. Y. Yen.(2005).“An Empirical Study on the Association between China Investment Location and Financial and Operating Performance of Taiwanese Listing Electronics Corporations”. Journal of American Academy of Business, Vol. 7,Issue 2, 105-116.
47. Diamond, D. W. and R. E. Verrecchia (2012). "Disclosure, liquidity, and the cost of capital." The journal of Finance 46(4): 1325-1359.
48. Sullivan, D.(1994), “Measuring the Degree of Internationalization of a Firm”. Journal of International Business Studies, 25(2), 325-342.
49. Tallman, S., and J. Li.(1996). “Effects of international diversity and product  
diversity on the performance of multinational firms”. Academy of Management  
Journal 39, 179-196.
指導教授 曹壽民(Shou-min Tsao) 審核日期 2014-7-17
推文 facebook   plurk   twitter   funp   google   live   udn   HD   myshare   reddit   netvibes   friend   youpush   delicious   baidu   
網路書籤 Google bookmarks   del.icio.us   hemidemi   myshare   

若有論文相關問題,請聯絡國立中央大學圖書館推廣服務組 TEL:(03)422-7151轉57407,或E-mail聯絡  - 隱私權政策聲明