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題名 | 企業資訊揭露與財務危機預警關聯性之研究--以臺灣上市電子業為例=An Empirical Study between Corporate Information Disclosure and Financial Distress Warning: Evidence from the Listed Electronic Companies in Taiwan |
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作者 | 林英星; 李勝榮; 林信文; 康文姿; |
期刊 | 全球商業經營管理學報 |
出版日期 | 20130900 |
卷期 | 5 2013.09[民102.09] |
頁次 | 頁167-178 |
分類號 | 495.44 |
語文 | chi |
關鍵詞 | 資訊揭露; 財務危機; 財務指標; 二元羅吉斯迴歸模式; Information disclosure; Financial distress; Financial index; Binary logistic regression model; |
中文摘要 | 本研究以2009年至 2011年間台灣上市電子產業為研究對象,運用證基會列示的財務比率指標以評估資訊揭露與財務危機。首先運用 Mann-Whitney檢定以挑選出資訊有揭露公司與資訊無揭露公司具顯著差異財務比率指標;其次,運用相關分析以解決財務比率之間共線性問題;最後,建立二元羅吉斯迴歸模式以評估資訊揭露與財務危機間之關聯性。實證結果顯示,當負債佔資產比率、應收款項收現日數與平均銷售天數愈低以及固定資產週轉率愈高的公司,其被評定為具資訊揭露者的機率愈高。另外,流動比率、應收帳款週轉率以及每股盈餘愈高,則公司出現財務危機的機率愈低。 |
英文摘要 | This thesis uses financial indexes to assess corporate information disclosure and financial distress based on the TSE-listed electronic companies from 2009 to 2011. First, this thesis uses the Mann-Whitney test to identify significantly different financial ratios between companies with and without information disclosure. Second, the correlating analysis is used to solve the co-linearity problem between financial ratios. Finally, the binary logistic regression model is used to analyze the impact of financial indexes on information disclosure and financial distress. Empirical results indicate that when the debt to total assets ratio, receivables collection period, and days in inventory are decreased and fixed assets turnover is increased, the possibility that companies are assessed as having the better information disclosure is increased. Additionally, when current ratio, receivables turnover, and earnings per share are increased, the possibility that companies are assessed as having financial distress is decreased. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。