查詢結果分析
來源資料
頁籤選單縮合
題名 | 臺灣股市對審計報告書反應之探討--以民國74年至民國83年為例=The Effect of Auditor's Report in Taiwan Stock Market--from 1985 to 1994 |
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作者 | 馬嘉應; Ma, Chia-ying; |
期刊 | 東吳經濟商學學報 |
出版日期 | 19980200 |
卷期 | 20 1998.02[民87.02] |
頁次 | 頁99-116 |
分類號 | 563.53 |
語文 | chi |
關鍵詞 | 臺灣股市; 審計報告書; |
中文摘要 | 最近國內在作審計報告之資訊內涵研究時,大抵從保留意見與股價間之單獨關係 探討著手,常忽略了審計資訊與交易市場風險等因素之交錯影響。基此,本文除探討審計報 告及市場風險之對未預期盈餘交錯影響結果外,並研究影響投資決策於盈餘資訊品質較差之 公司的考量因素。藉由民國 74 年至 83 年財務報表被簽發保留意見之上市公司為研究對象 ,結果顯示,研究樣本之未預期股價波動主要受國內外政治、經濟等市場系統風險之影響, 且市場投資大眾對這些樣本公司之投資策略傾向於短期性或投機性。研究結果進而發現,惟 投資人在考量了現金股利、市場系統風險及經濟成長等影響因素後,會計師之查核意見方具 有投資之參考價值。 |
英文摘要 | Traditionally, Taiwanese researchers have examined the effect of auditor's report on the Taiwan stock market by analyzing the relationship between and auditor's qualified opinion and the stock market trend. Such a research methodology does not consider the interaction of both market system risk and the auditor's opinion's information. Taking this into consideration, this research explores the effect of auditor's report, as well as the investment strategy, focusing on the trading in the Taiwan Stock Market in the period from 1985 through 1994. In the sample researched, the data suggests that the market system risk was the investor's primary consideration and focused more on short-term strategies. Investors would use the auditor's opinion as a reference for investment in the stock market only after they took into consideration on the market system risk, cash dividends and company's growth factors. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。