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研究生:趙川豪
研究生(外文):Chuan-Hao Zhao
論文名稱:公司治理對資金成本之影響:資訊透明度之考量
論文名稱(外文):The Impact of Corporate Governance on Cost of Capital: Taking Account of Information Transparency
指導教授:汪進揚汪進揚引用關係
指導教授(外文):Jinn-Yang Uang
口試委員:李慕萱張石柱汪進揚
口試委員(外文):Mushang LeeShyr-Juh ChangJinn-Yang Uang
口試日期:2012-06-26
學位類別:碩士
校院名稱:中國文化大學
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:2012
畢業學年度:100
語文別:中文
論文頁數:47
中文關鍵詞:公司治理資金成本資訊透明度自願性揭露
外文關鍵詞:corporate governancecost of capitaltransparencyvoluntary disclosure
相關次數:
  • 被引用被引用:1
  • 點閱點閱:292
  • 評分評分:
  • 下載下載:17
  • 收藏至我的研究室書目清單書目收藏:0
本研究主要目的在於探討公司治理、資金成本與資訊揭露程度之關聯性,本研究以上市電子產業公司為樣本,利用2006至2010年資料,進行實證研究。研究結果指出,自願性揭露水準與資金成本呈顯著負向關係,隱含投資者歡迎公司有較多自願性揭露訊息。此外,本研究亦發現,資訊透明度會干擾公司治理對資金成本之影響效果;當公司資訊愈為透明時,公司治理愈好,其資金成本愈低。
This study aims to examine the relationship among corporate governance, information discourse and cost of capital. To address this issue, we use listed companies from the electronics industry in the period from 2006 to 2010. Our results show that voluntary disclosure level is negatively associated with cost of capital, implying that investors welcome firms to have more voluntary disclosures. In addition, this study demonstrates that information transparency level negatively affects the relationship of corporate governance with cost of capital, indicating that firms can reduce their cost of capital via increasing their transparency.
中文摘要 iii
英文摘要 iv
誌謝辭 v
內容目錄 vi
表目錄 viii
圖目錄 ix
第一章 緒論 1
第一節 研究背景及動機 1
第二節 研究目的 2
第三節 研究流程與章節架構 3
第四節 研究架構 5
第二章 文獻探討 6
第一節 代理理論與公司治理 6
第二節 資訊透明度 17
第二節 公司治理、資金成本與資訊透明度之相關文獻 19
第三章 研究方法 22
第一節 資料來源與樣本 22
第二節 變數操作性定義 22
第三節 實證模式 26
第四章 實證結果與分析 27
第一節 敘述性統計 27
第二節 相關分析 28
第三節 公司治理、資訊透明度與資金成本關聯性 29
第五章 結論與建議 32
參考文獻 33
附錄 40

一、中文部份
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周建新,林宗得(2005),資訊透明度對企業價值增額解釋能力之研究,會計與公司治理期刊,2(2),25-46。
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陳思慧(2002),我國企業籌資與金融機構持股之研究,中央大學財務金融研究所未出版之碩士論文。
陳依蘋(2002),透明度與企業價值,會計研究月刊,7(200),48-54。
陳美華,洪世炳(2005),公司治理、股權結構與公司績效關係之實證研究,企業管理學報,(65),129-153。
陳瑞斌,許崇源(2008),資訊揭露水準對於權益資金成本之影響,東吳經濟商學學報,(61),67-108。
葉銀華,李存修,柯承恩(2002),公司治理與評等系統,台北:商智文化。
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廖珮君(2009),國際化程度、公司治理對負債資金成本影響研究,靜宜大學國際企業研究所未出版之碩士論文。
黃耀慶(2001),從企業風險、企業資訊透明度與權益資金成本關係探究影響企業透明度因素,政治大學企業管理學系未出版之碩士論文。
黃邵彥,吳東憲,鐘宇軒,廖上萱(2009),自願性財務預測、公司治理與權益資金成本,台灣金融財務季刊,10(2),41-66。
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