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研究生:林塏鏵
研究生(外文):LIN, KAI-HUA
論文名稱:集團多角化與資訊透明度之關聯探討
論文名稱(外文):The Relation between Group Diversification and Information Transparency
指導教授:卓佳慶卓佳慶引用關係
指導教授(外文):JHUO,JIA-CING
口試委員:卓佳慶黃劭彥王泓達
口試委員(外文):JHUO,JIA-CINGHUANG,SHAO-YANWANG,HONG-DA
口試日期:2017-06-06
學位類別:碩士
校院名稱:國立中正大學
系所名稱:會計與資訊科技研究所
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:2017
畢業學年度:105
語文別:中文
論文頁數:63
中文關鍵詞:集團企業多角化策略資訊透明度
外文關鍵詞:Group companiesDiversificationInformation Transparency
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國內集團企業的比例相對高於其他國家,然集團企業對我國經濟影響重大,其資訊揭露的品質關乎許多投資者以及利害關係人之權益。集團企業常以多角化策略為主要之經營手段,資訊的複雜程度因此又增加了不少,相關之議題是值得去注意與探討的。
本研究以2005年至2014年之上市、上櫃集團企業為研究對象,探討集團企業實施多角化策略的程度與集團企業資訊透明度之關聯性。主要將多角化策略分類為垂直性多角化策略與互補性多角化策略,並分別探討之。
實證結果顯示,在這十年內的集團企業,實施互補性多角化策略的程度越高,集團越傾向於揭露較少之資訊予外部資訊使用者,使之無法及時掌握集團之資訊。而集團企業實施垂直性多角化策略者,實施多角化策略的程度與資訊透明度之間之關係則不顯著。

This study aims to explore the relationship between group diversification and information transparency during 2005 through 2014. The empirical result shows that group companies with greater complementary diversification are less likely to disclosure adequate information to their stakeholders. The other result shows that group companies with greater vertical diversification are likely to show information to their stakeholders. But this result is not significant, the relationship between vertical diversification and information transparency is not clear.
目錄
目錄 I
圖目錄 II
表目錄 III
第壹章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的與研究貢獻 3
第三節 研究流程 4
第貳章 文獻探討 5
第一節 多角化策略 5
第二節 資訊透明度 12
第三節 多角化與資訊透明度 21
第參章 研究方法 23
第一節 研究分析架構 23
第二節 研究假說與研究模型 24
第三節 研究方式與樣本選取 26
第四節 研究變數之定義與衡量 30
第肆章 實證結果與分析 34
第一節 敘述性統計量 34
第二節 相關性與共線性分析 36
第三節 實證結果與分析 39
第四節 敏感性分析 43
第伍章 研究結論、限制與建議 54
第一節 研究結論與發現 54
第二節 研究限制 56
第三節 研究建議 56
參考文獻 58


圖目錄
圖一-研究流程圖 4
圖 二-研究分析架構 23





表目錄
表一 多角化之正面效益 6
表二 多角化之負面效益 8
表三 資訊透明度之定義 12
表四 評鑑等級及分數標準 19
表五 資訊透明度虛擬變數設定 30
表六 各項變數之敘述性統計量 35
表七 PEARSON 與 SPEARMAN 相關係數矩陣 38
表八 共線性分析統計 39
表九 多角化策略程度與資訊透明度之實證結果 42
表十 電子集團企業實施多角化策略程度與資訊透明度之敏感性分析 44
表十一 非電子集團企業實施多角化策略程度與資訊透明度之敏感性分析 45
表十二 刪除2005年資訊之敏感性測試 47
表十三 應變數最大化之敏感性測試 49
表十四 應變數最小化之敏感性測試 51
表十五 應變數取標準差之敏感性測試 53


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