致股東報告書之決定因素

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姓名

胡辰瑜(Chen-Yu Hu) 查詢紙本館藏

畢業系所

會計研究所

論文名稱

致股東報告書之決定因素
(Determinants of the Report to the Shareholders)

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至系統瀏覽論文 (2027-6-30以後開放)

摘要(中)

致股東報告書為公司強制揭露的年報中唯一無會計師查核之內容。本研究以台灣上市櫃公司為樣本，探討其文本自願揭露特性的決定因素，檢視其資訊反映公司的資訊不對稱或改善公司的資訊不對稱。
本文用文字探勘技術萃取致股東報告書文本特性，並將文本特性為可分析性、責任歸屬以及文本內容呈現。實證結果顯示，公司特性，財務表現，及公司治理為影響可分析性的主要因素。進一步探討可分析的文本，亦發現公司特性，財務表現及公司治理為影響責任歸屬的重要因素；公司特性及公司治理會影響營業結果的呈現及財務表現及公司治理會影響公司以外內容的呈現。
整體而言，此文本較反映公司資訊不對稱的特性，此發現可作為文本使用人及治理單位之決策參考。

摘要(英)

The report to shareholders is the only content in the company′s mandatory annual report that is not audited by accountants. This study uses Taiwan listed OTC companies as a sample to explore the determinants of the voluntary disclosure characteristics of their texts, and to examine whether their information reflects the company′s information asymmetry or improves the company′s information asymmetry.
This paper uses text mining technology to extract the text features of the shareholder report, and presents the text features as analyzability, attribution of responsibility and text content. Empirical results show that company characteristics, financial performance, and corporate governance are the main factors affecting analyzability. Further exploration of the analyzable text also found that corporate characteristics, financial performance and corporate governance are important factors affecting attribution of responsibility; corporate characteristics and corporate governance can affect the presentation of business results and financial performance and corporate governance can affect the presentation of content outside the company.
On the whole, this text reflects the characteristics of information asymmetry in companies, and this finding can be used as a decision-making reference for text users and governance units.

關鍵字(中)

★ 致股東報告書
★ 文字探勘
★ 文本特性
★ 資訊揭露品質
★ 資訊不對稱

關鍵字(英)

★ The Report to the Shareholder
★ Text Mining
★ Text Structure
★ Information Disclosure Quality
★ Information Asymmetry

論文目次

摘要 ............................................................................................................................................ ii
ABSTRACT .............................................................................................................................. iii
圖目錄 ........................................................................................................................................ v
表目錄 ....................................................................................................................................... vi
壹、緒論 .................................................................................................................................... 1
貳、文獻探討與假說發展 ........................................................................................................ 2
一、研究背景與文獻探討 .......................................................................... ….2
(一) 致股東報告書之相關規定及重要性 ....................................................... 2
(二) 文字探勘技術與致股東報告書相關文獻 ............................................... 3
二、假說發展 ................................................................................................... 3
(一) 致股東報告書之決定因素 ....................................................................... 3
(二) 致股東報告書之文本特性 ....................................................................... 5
(三) 預期方向之討論與整理 ........................................................................... 7
參、研究方法 ............................................................................................................................ 8
一、資料來源、研究期間與樣本選取 ........................................................... 8
(一) 資料來源 ................................................................................................... 8
(二) 研究期間 ................................................................................................. 11
(三) 樣本選取 ................................................................................................. 11
二、實證模型與變數定義 ............................................................................. 12
(一) 致股東報告書之決定因素 ..................................................................... 12
(二) 變數定義 ................................................................................................. 12
肆、實證結果 .......................................................................................................................... 15
一、敘述性統計分析與相關係數 ................................................................. 15
(一) 敘述性統計 ............................................................................................. 15
(二) 相關係數矩陣 ......................................................................................... 19
二、迴歸結果 ................................................................................................. 22
伍、結論與建議 ...................................................................................................................... 26

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指導教授

盧佳琪(Chia-Chi Lu)

審核日期

2022-8-1

推文