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研究生:林璟民
論文名稱:董事會運作與資訊揭露之關聯性研究-以台灣上市資訊電子業為例
論文名稱(外文):The Relationship between Board Operation and Information Disclosure-A Study of Listed Electronic Industry in Taiwan
指導教授:陳瑞斌陳瑞斌引用關係
學位類別:碩士
校院名稱:國立彰化師範大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2008
畢業學年度:96
語文別:中文
論文頁數:54
中文關鍵詞:公司治理資訊揭露資訊透明度董事會運作
外文關鍵詞:Corporate GovernanceInformation DisclosureInformation TransparencyBoard Operation
相關次數:
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  • 收藏至我的研究室書目清單書目收藏:1
近年來,台灣發生不少上市櫃公司舞弊案件,致使證管機關與投資大眾對公司治理日益重視。而台灣證券交易所與櫃檯買賣中心頒佈的《上市上櫃公司治理實務守則》便將強化董事會職能與提昇資訊透明度作為公司治理五大原則之一。
由於以往學術文獻探討董事會對於資訊揭露之影響多著重在於結構面,例如董事會組成或董事會股權結構等等,但對於董事會本身之運作則是甚少著墨,本研究係以年台灣上市資訊電子業公司為研究對象,引用陳瑞斌(2005)所發展之揭露項目索引表,以內容分析法衡量2006年各公司所發布年報之揭露水準,並以董事會開會次數、董監事出席董事會之出席率、獨立董監事出席董事會之出席率及獨立董監事兼職數四項董事會運作變數,來探討董事會的運作是否會影響公司的資訊揭露水準。研究結果彙整如下:

一、台灣上市資訊電子產業公司平均揭露水準甚高。
二、上市資訊電子業公司董事會對於公司較為關注,願意投入較多的心力與行動去瞭解公司的經營。
三、上市資訊電子業公司獨立董監兼任情形差異甚大。
四、董事會開會次數、董監事平均出席率與資訊揭露水準皆為顯著正向關係。
五、獨立董監平均兼任公司數與揭露水準為顯著負向關係。
六、獨立董監事出席率對於資訊揭露水準未有顯著的關連性。
七、國內上市電子產業公司,相對於強制性揭露而言,對於法規規定外的項目,並無太大的心思去提供資訊,自願性揭露普遍偏低。
八、董事會開會次數與出席率對於法規明文規定的揭露項目影響較大。
Due to the numbers of financial scandals happened in recent years in Taiwan, the regulator and public investors now pay more attention in corporate governance.Most of the main subjects in prior information disclosure literatures focused on board composition and ownership structure. There is little research examining the effect of board operation on information disclosure. As a result of the absence of prior literatures, this study cites the disclosure index developed by Chen (2005) and adopts four board operation variables, such as the times of board meeting, the percentage of directors’ attendance, the percentage of independent directors’ attendance and numbers of job independent directors holding. This study uses listed electronic companies as sample and examines the relationship between board operation and information disclosure level. The major findings of this study summarize as follows:
1. The disclosure level is high in Taiwan listed electronic industry.
2. The board of listed electronic industry would like to pay much attention and actions on the operation of companies.
3. There is much difference in the independence director pluralism.
4. There is a significant positive association between the times of board meeting, the percentage of directors’ attendance and information disclosure level.
5. The correlation between numbers of job independent directors holding and information disclosure level is significantly negative.
6. There is no correlation between the percentage of independent directors’ attendance and information disclosure level.
7. Comparing with the mandatory disclosure, most of the voluntary disclosure level is low in Taiwan listed electronic industry.
8. The times of board meeting and the percentage of directors’ attendance play a more important role on mandatory disclosure than voluntary disclosure.
Keywords : Corporate Governance, Information Disclosure, Information Transparency, Board Operation
表目錄 II
圖目錄 III
第壹章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 研究流程 4
第貳章 文獻探討 6
第一節 公司特性與資訊揭露 6
第二節 公司治理與資訊揭露 7
第三節 其他因素與資訊揭露 11
第參章 研究方法 15
第一節 研究假說 15
第二節 實證模型 17
第三節 變數操作性定義與衡量 18
第四節 樣本選取 28
第肆章 實證結果分析 29
第一節 敘述性統計分析 29
第二節 相關性分析 34
第三節 多元迴歸分析 39
第四節 敏感性分析 45
第伍章 結論與建議 48
第一節 結論 48
第二節 研究限制 49
參考文獻 50

表2-1 文獻彙總-各變數與資訊揭露之關連性 14
表3-1 變數之定義與衡量 17
表3-2 過去文獻資訊揭露評分方法之彙總 19
表3-3 揭露事項 20
表3-4 樣本選取 28
表4-1 揭露總分之敘述性統計 29
表4-2 揭露分類項目得分比例之敘述性統計 30
表4-3 揭露分類項目得分比例總計十分位排序 31
表4-4 主要解釋變數之敘述性統計 32
表4-5 控制變數之敘述性統計 33
表4-6 模型一之相關性分析 35
表4-7 模型二之相關性分析 37
表4-8 模型一之OLS迴歸分析 40
表4-9 模型一之排序Ordered Probit迴歸分析 41
表4-10 模型二之OLS迴歸分析 43
表4-11 模型二之排序Ordered Probit迴歸分析 44
表4-12 敏感性分析之敘述性統計 45
表4-13 敏感性分析之OLS迴歸分析 46
表4-14 敏感性分析之刪除極端值 47

圖 1-1 研究流程圖 5
圖 3-1 舉例評分智原科技2006 年年報 23
圖 3-2 舉例評分聯詠科技2006 年年報 24
中文部分

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馬瑜霙,2003,我國獨立董事與獨立監察人之屬性與盈餘管理之關聯性研究,國立政治大學會計研究所未出版碩士論文。
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