董事會組成與財務預測關聯性之研究
Other Title
The Study of Board
Composition and Financial
Forecast
Composition and Financial
Forecast
Date Issued
2000
Date
2000
Author(s)
柯承恩
DOI
892416H002009
Abstract
Disclosure of financial forecast is part of
information disclosure system for listed
companies in Taiwan. There is also a
possibility that disclosure requirement for
financial forecast may be manipulated by
listed companies, especially many corporate
boards are controlled in family or tightly
related business groups. This study is to
investigate the relationship between the
composition of corporate board and accuracy
of financial forecast.
The results of this study do not suggest the
existence of positive relationship between
shareholding percentage by board members
and forecast error as proposed by agency
theory. On the other hand, the percentage
of directors’ change has positive relationship
with forecast error, i.e., the higher the
percentage of directors’ change, the higher
forecast error. In addition, the composition
of board members has close relationship with
the update frequency of financial forecast.
It is also found that the existence of second
largest shareholders does enhance the
monitoring effectiveness of the corporate
board.
Subjects
board composition
board structure
board director
family-controlled
company
company
financial forecast
disclosure
system
system
corporate governance
Publisher
臺北市：國立臺灣大學會計學系暨研究所
Type
other
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