博碩士論文 107430013 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:6 、訪客IP:34.205.93.2
姓名 連鑫  查詢紙本館藏   畢業系所 會計研究所
論文名稱 iXBRL是否能降低資訊不對稱?
(Can inline XBRL reduce information asymmetry?)
相關論文
★ 企業社會責任與會計績效指標之關聯性: 考量網頁呈現效果★ 企業社會責任揭露與網頁呈現對企業財務績效之關聯性
★ 企業社會責任與投資人評價之關聯性: 考量網頁呈現效果★ 我國企業之資訊安全事件探討-以法令面分析
★ 採用iXBRL對散戶持股比率與交易量之影響★ 首次發行代幣公司網站呈現方法與交易量之研究
★ 財務報表API之可行性★ 資訊安全事件與公司長短期績效-以臺灣資訊 安全事件為例
★ 資訊安全之決定因素-考量家族企業與董事會背景★ 網站資訊揭露對首次代幣發行之影響
★ 公司申請法人機構識別碼對股東權益資金成本之影響★ 首次代幣發行期初報酬之影響因素探討
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]   [檢視]  [下載]
  1. 本電子論文使用權限為同意立即開放。
  2. 已達開放權限電子全文僅授權使用者為學術研究之目的,進行個人非營利性質之檢索、閱讀、列印。
  3. 請遵守中華民國著作權法之相關規定,切勿任意重製、散佈、改作、轉貼、播送,以免觸法。

摘要(中) 2019年第一季,證交所宣布強制所有上市櫃公司採用iXBRL (inline XBRL)格式取代XBRL (eXtensible Business Reporting Language)格式編製財務報表。採用iXBRL格式編製財務報表相較於採用XBRL格式編製,可以提升財務報表的可讀性、正確性、分類標準的靈活度以及降低軟體開發成本,進而提升財務資訊揭露品質,增加公司的資訊揭露水準。
本研究以買賣價差做為衡量資訊不對稱的代理變數,以台灣2018年6月至11月及2019年6月至11月分別取各6個月,共12個月之每日股價資料計算買賣價差,衡量採用iXBRL前後資訊不對稱程度的變化,並探討公司規模大小及機構投資人持股比例高低受影響的程度。實證結果顯示:( 1 )採用iXBRL格式編製財務報表能降低資訊不對稱;( 2 )在其他條件不變下,小型公司採用iXBRL格式編製財務報表相較於大型公司更能降低資訊不對稱;( 3 )在其他條件不變下,機構投資人持股比例較低的公司採用iXBRL格式編製財務報表相較於機構投資人持股比例較高的公司更能降低資訊不對稱。
摘要(英) In 2019 Q1, Taiwan Stock Exchange Corporation (TWSE) proposed a regulation that all listed companies in Stock Exchange Market and Over-the-Counter Market must disclose their financial statements in inline XBRL (iXBRL) format instead of eXtensible Business Reporting Language (XBRL) format. Disclosure of financial statement in iXBRL format, compared to XBRL format can enhance readability, accuracy, flexibility of Taxonomy and reduce costs of software development in processing iXBRL instance documents.
In this paper, I use bid-ask spread as proxy of information asymmetry. I use daily stock price data to calculate bid-ask spread in the period from June to November in 2018 and the same period in 2019 in order to measure the change of information asymmetry before and after the regulation of using iXBRL format to disclose financial statements. I also compare the difference of impact between size of companies and institutional ownership. The empirical result shows: First, disclosing financial statements in iXBRL format can reduce information asymmetry. Second, compared to larger companies, ceteris paribus, smaller companies tend to benefit more from the adaption of disclosing financial statements in iXBRL format. Third, compared to firms with higher institutional ownership, ceteris paribus, firms with lower institutional ownership tend to benefit more from the adaption of disclosing financial statements in iXBRL format.
關鍵字(中) ★ 可擴展商業報告語言
★ 買賣價差
★ 資訊不對稱
關鍵字(英) ★ iXBRL
★ Bid-Ask Spread
★ Information Asymmetry
論文目次 摘要 i
Abstract ii
誌謝辭 iii
目錄 iv
圖目錄 vi
表目錄 vii
第壹章、 緒論 1
第貳章、 文獻探討與假說發展 4
2.1 可擴展商業報告語言的介紹及演進 4
2.1.1 世界各國採用iXBRL實例 7
2.1.2 台灣採用XBRL及iXBRL實例 8
2.2 iXBRL如何降低資訊不對稱 9
2.3 不同的公司規模如何影響資訊不對稱 11
2.4 機構投資人持股比例如何影響資訊不對稱 12
第參章、 研究設計 14
3.1 資料來源、研究期間及樣本選取 14
3.2 資訊不對稱衡量 16
3.3 實證模型 18
第肆章、 實證結果 21
4.1 敘述性統計 21
4.2 相關係數 23
4.3 迴歸分析結果 25
4.4 公司規模對於強制採用iXBRL申報財務報表影響效果 26
4.5 機構投資人持股比例對於強制採用iXBRL申報財務報表影響效果 28
4.6 敏感性分析 30
4.6.1 排除非配對樣本 31
4.6.2 不同樣本期間敏感性分析 32
第伍章、 結論與建議 34
第陸章、 參考文獻 37
參考文獻 英文文獻
Ajina, A., F. Lakhal, and D. Sougné. 2015. Institutional investors, information asymmetry and stock market liquidity in France. International Journal of Managerial Finance 11 (1):44-59.
Amihud, Y., and H. Mendelson. 1986. Asset pricing and the bid-ask spread. Journal of Financial Economics 17 (2):223-249.
Bartley, J., Y. S. A. Chen, and E. Taylor. 2010. Avoiding common errors of XBRL implementation. Journal of Accountancy 209 (2):46-51.
Basoglu, K. A., and C. E. White. 2015. Inline XBRL versus XBRL for SEC Reporting. Journal of Emerging Technologies in Accounting 12 (1):189-199.
Boone, J. P. 1998. Oil and gas reserve value disclosures and bid-ask spreads. Journal of Accounting and Public Policy 17 (1):55-84.
Bushee, B. J., and C. F. Noe. 2000. Corporate disclosure practices, institutional investors, and stock return volatility. Journal of Accounting Research 38 (Supplement):171-202.
Chiang, R., and P. C. Venkatesh. 1988. Insider holdings and perceptions of information asymmetry: a note. The Journal of Finance 43 (4):1041-1048.
Chow, G. C. 1960. Tests of equality between sets of coefficients in two linear regressions. Econometrica: Journal of the Econometric Society 28 (3):591-605.
Clarke, J., and K. Shastri. 2000. On information asymmetry metrics. Working Paper, University of Pittsburgh. Available at http://dx.doi.org/10.2139/ssrn.251938.
Copeland, T. E., and D. Galai. 1983. Information effects on the bid‐ask spread. The Journal of Finance 38 (5):1457-1469.
Debreceny, R., S. Farewell, M. Piechocki, C. Felden, and A. Gräning. 2010. Does it add up? Early evidence on the data quality of XBRL filings to the SEC. Journal of Accounting and Public Policy 29 (3):296-306.
Dugar, A., and S. Nathan. 1995. The effect of investment banking relationships on financial analysts′ earnings forecasts and investment recommendations. Contemporary Accounting Research 12 (1):131-160.
El-Gazzar, S. M. 1998. Predisclosure information and institutional ownership: A cross-sectional examination of market revaluations during earnings announcement periods. Accounting Review 73 (1):119-129.
Farewell, S. M. 2006. An introduction to XBRL through the use of research and technical assignments. Journal of Information Systems 20 (1):161-185.
Hirose, Y., H. Hirai, and K. Arai. 2017. Readability of MD&A Extracted from iXBRL: Computational linguistic approach. Paper read at Proceedings of the 29th Asian-Pacific Conference on International Accounting Issues.
Hodge, F. D., J. J. Kennedy, and L. A. Maines. 2004. Does search‐facilitating technology improve the transparency of financial reporting? The Accounting Review 79 (3):687-703.
Hope, O. K. 2003. Disclosure practices, enforcement of accounting standards, and analysts′ forecast accuracy: An international study. Journal of Accounting Research 41 (2):235-272.
Kim, J. W., J. H. Lim, and W. G. No. 2012. The effect of first wave mandatory XBRL reporting across the financial information environment. Journal of Information Systems 26 (1):127-153.
Lang, M. H., and R. J. Lundholm. 1996. Corporate disclosure policy and analyst behavior. The Accounting Review 71 (4):467-492.
Leuz, C., and R. E. Verrecchia. 1999. The economic consequences of increased disclosure. Journal of Accounting Research 38 (Supplement):91-124.
Lin, C. C., C. F. Wu, and S. T. Chuang. 2015. Does mandatory filing of XBRL financial reports reduce the information asymmetry? Journal of Accounting Review 60 (1):1-33.
Liu, C., X. Luo, and F. L. Wang. 2017. An empirical investigation on the impact of XBRL adoption on information asymmetry: Evidence from Europe. Decision Support Systems 93:42-50.
Liu, C., X. R. Luo, C. L. Sia, G. O′farrell, and H. H. Teo. 2014a. The impact of XBRL adoption in PR China. Decision Support Systems 59:242-249.
Liu, C., T. Wang, and L. J. Yao. 2014b. XBRL’s impact on analyst forecast behavior: An empirical study. Journal of Accounting and Public Policy 33 (1):69-82.

Liu, C., L. J. Yao, C. L. Sia, and K. K. Wei. 2014c. The impact of early XBRL adoption on analysts’ forecast accuracy: Empirical evidence from China. Electronic Markets 24 (1):47-55.
Peng, J., and C. J. Chang. 2010. Applying XBRL in an accounting information system design using the REA approach: An instructional case. Accounting Perspectives 9 (1):55-78.
Sias, R. W. 1996. Volatility and the institutional investor. Financial Analysts Journal 52 (2):13-20.
Venkatesh, P. C., and R. Chiang. 1986. Information asymmetry and the dealer′s bid‐ask spread: A case study of earnings and dividend announcements. The Journal of Finance 41 (5):1089-1102.
Wang, J. 1993. A model of intertemporal asset prices under asymmetric information. The Review of Economic Studies 60 (2):249-282.
XBRL UK. 2015a. Company reporting in the UK – an XBRL success story: White Paper.
XBRL UK. 2015b. Inline XBRL saving cost and effort for company reporting: White Paper.
Yoon, H., H. Zo, and A. P. Ciganek. 2011. Does XBRL adoption reduce information asymmetry? Journal of Business Research 64 (2):157-163.
Yu, M. 2010. Analyst forecast properties, analyst following and governance disclosures: A global perspective. Journal of International Accounting, Auditing and Taxation 19 (1):1-15.

中文文獻
王堅權,2012,XBRL 的新面貌-Inline XBRL,證交資料,第606期:8-13。
王堅權,2018,淺談 Inline XBRL - XBRL 邁向人機可讀新紀元,會計研究月刊,第394期:96-101。
汪進揚、鄧名堯與李孟芳,2012,資訊揭露對分析師盈餘預測品質影響之研究,證券市場發展季刊,第24卷第1期:111-138。
林靖傑、吳琮璠與莊素增,2015,強制以 XBRL 申報財務報告能否降低資訊不對稱?,會計評論,第60期:1-33。
陳彩稚、李書行與蔡璧徽,2006,會計準則、資訊不對稱對中國大陸證券市場盈餘宣告之市場反應的影響,會計評論,第43期:1-25。
陳麗寧,2010,強化財務資訊公開實現 XBRL 效益,證券暨期貨月刊,第28卷第8期:22-33。
楊淑玲、陳獻儀與游智賢,2006,交易強度、機構持股與機構投資人之交易行為,財務金融學刊,第14卷第2期:41-72。
鄭麗真,2008,公平價值選擇權對資訊不對稱之影響-以買賣差價、股票週轉率及盈餘波動性分析,臺灣大學會計學研究所學位論文:1-60。
指導教授 顏如君(Ju-Chun Yen) 審核日期 2020-1-20
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