柯承恩2006-07-262018-06-292006-07-262018-06-292000http://ntur.lib.ntu.edu.tw//handle/246246/18378現行「公開發行公司財務預測資訊公 開體系實施要點」係於民國86 年1 月修 訂，為檢視法令實施效果，本研究在觀察 強制性財務預測準確度與董事會組成結構 之關聯性方面，本研究取得86 年計155 家、87 年計202 家有效樣本進行統計分 析。主要實證結果發現董事會組成結構變 數中，董監事持股比率並未如代理理論所 預期，應與預測誤差出現正向關係。次大 控制群體與獨立經理人之存在則確實能幫 助董事會發揮較佳之監督功能，惟獨立經 理人並未達統計上之顯著性。董監事變動 比率與準確度間則如預期呈現顯著之正向 關係，顯示公司高階人員變動幅度愈大將 影響公司經營與未來發展至鉅。此外，董 監事組成結構與財務預測更新發佈次數具 備關聯性，尤以87 年為明顯，但與更新百 分比、更新幅度金額則較缺乏關聯性之統計證據。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.application/pdf32899 bytesapplication/pdfzh-TW國立臺灣大學會計學系暨研究所財務預測更新更正董事會組成board compositionboard structureboard directorfamily-controlled companyfinancial forecastdisclosure systemcorporate governanceotherhttp://ntur.lib.ntu.edu.tw/bitstream/246246/18378/1/892416H002009.pdf