English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51573907      Online Users : 931
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/114711


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/114711


    Title: 管理當局信譽與自願性盈餘預測資訊內涵關係之研究
    The Relationship between Management Reputation and the Informativeness of Voluntary Earnings Forecast
    Authors: 李建然
    周俊德
    Lee, Jan Zan
    Chou, Jiunn Der
    Keywords: 管理當局信譽;自願性盈餘預測;資訊內涵;投資人溝通政策
    management reputation;voluntary earnings forecast;information content;public communication
    Date: 2002-01
    Issue Date: 2017-11-15 14:53:01 (UTC+8)
    Abstract: 本研究旨在探討台灣上市公司管理當局的信譽，是否會影響自願性盈餘預測的資訊內涵。本文分別以前五年預測準確度之平均數及加權平均數，作為衡量管理當局信譽的代理變數，將樣本分為信譽良好及信譽不佳的管理當局，並觀察宣布自願性盈餘預測的股價反應。實證結果發現，雖然台灣在法律制度、財務分析師及專業經理人力市場方面，不易確保管理當局自願性盈餘預測的可靠性，但市場仍能依照管理當局的信譽，過濾盈餘預測的有用性。投資人不但關心管理當局所發布的盈餘預測，更關心資料來源的管理當局是否可靠。雖然自願性盈餘預測，只是與投資人溝通的方式之一，本研究所呈現的結果，對管理當局最大的啟示，應該是管理當局如果想要制定一套有效的投資人溝通政策，建立資訊可靠性的信譽是非常重要的因素。
    This study investigates the relationship between managers’ reputation and the informativeness of voluntary earnings forecast released by companies listed in the Taiwan Stock Exchange. The accuracy of management forecast, calculated both by the simple average and weighted average for five years prior to the test period, is used as a proxy variable for managers’ reputation. We examine whether changes in stock prices induced by earnings forecast are associated with managers’ reputation. Our results indicate that, for companies with good reputation, there is a significant association between stock price variations and earnings forecst, whether the earnings forecast conveys good news or bad news. However, there appear no significant reaction to the earnings forecast announced by companies with bad reputation. The findings of this study suggest that the market is able to discern the quality of earnings forecasts from the reputation of managers. Therefore, to establish an effective public communication policy, managers should maitain a good record on releasing reliable information to the market.
    Relation: 會計評論, 34, 77-99
    Data Type: article
    DOI 連結: http://dx.doi.org/10.6552%2fJOAR.2002.34.4
    DOI: 10.6552/JOAR.2002.34.4
    Appears in Collections:[會計評論] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML2376View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback