公允價值、會計資訊品質、信用風險 與外資持股比率之關聯性研究

NCUIR > School of Management at National Central University > Graduate Institute of Business Administration > Electronic Thesis & Dissertation > Item 987654321/74143

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Title:	公允價值、會計資訊品質、信用風險與外資持股比率之關聯性研究
Authors:	楊馥亘;Yang, Fu-Hsuan
Contributors:	企業管理學系
Keywords:	公允價值;會計資訊品質;忠實表述;信用風險;外資持股比率;Fair Value;Quality of accounting information;Faithful representation;Credit risk;Foreign investor shareholding ratio
Date:	2017-07-10
Issue Date:	2017-10-27 13:13:26 (UTC+8)
Publisher:	國立中央大學
Abstract:	本研究以台灣上市櫃公司為對象，探討公允價值、會計資訊品質、信用風險與外資持股比率之關聯性研究，實證顯示透過公允價值之採用可透過會計資訊品質之忠實表述進而降低信用風險、並提升外資持股比率。使企業之利害關係人能夠以財務報表上忠實表述之公允價值確認企業財務狀況與經營投資成果，避免錯誤與增進資訊之品質，達提升公司財務狀況之透明度，進而降低企業信用風險、提升投資意願之綜效。本研究更進一步發現公允價值對信用風險之影響為負相關，而對外資持股比率之影響為正相關，符合本研究之假說。然公允價值對上述兩變數並無直接顯著影響。進而推測公允價值可能須經其他中介因素方能顯著影響信用風險與外資持股比率。因此本研究進一步以會計資訊品質作為本研究架構中介變數，探討公允價值之採用是否能夠提升會計資訊品質進而顯著影響信用風險與外資持股比率。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
Appears in Collections:	[Graduate Institute of Business Administration] Electronic Thesis & Dissertation

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