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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 許文馨(Wen-Hsin Hsu) | |
dc.contributor.author | Wen-Hsin Chang | en |
dc.contributor.author | 張文馨 | zh_TW |
dc.date.accessioned | 2021-06-07T17:33:36Z | - |
dc.date.copyright | 2020-06-24 | |
dc.date.issued | 2020 | |
dc.date.submitted | 2020-06-22 | |
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/15385 | - |
dc.description.abstract | 本研究探討財務會計準則公報第161號「衍生工具與避險活動之揭露」對於股價資訊內涵之影響,並聚焦該公報是否協助公司特有資訊(firm-specific information)流入市場,進而提升股價資訊內涵。本研究以美國2004-2013年樣本,對公司年報進行文本分析,以辨別是否為衍生工具使用者。研究發現,在財務會計準則公報第161號實施後,使用衍生工具之企業,股價資訊內涵顯著上升,表示該公報有助提升資訊透明度,強化公司特有資訊流入市場。此外,研究亦發現,經理人過度自信將顯著降低財務會計準則公報第161號對於股價資訊內涵之影響。 | zh_TW |
dc.description.abstract | This study examines the effect of SFAS No.161 on stock price informativeness. I specifically focus on whether SFAS No.161 facilitates the dissemination of firm-specific information to the market and thus increases stock price informativeness. Using U.S. sample for fiscal-years 2004-2013, this study employs a difference-in-difference research design and identifies derivative users (treatment group) by conducting a textual analysis on firm’s 10-K. The result shows that for firms that engage in derivatives activities, stock price informativeness increases after the adoption of SFAS No.161. Additionally, I also find that the positive association between SFAS No.161 adoption and stock price informativeness is significantly weakened for firms with overconfident CEO. | en |
dc.description.provenance | Made available in DSpace on 2021-06-07T17:33:36Z (GMT). No. of bitstreams: 1 U0001-2106202022242500.pdf: 2205335 bytes, checksum: e38737c5796fac78967ae6d1048c1856 (MD5) Previous issue date: 2020 | en |
dc.description.tableofcontents | 中文摘要 i ABSTRACT ii CONTENTS iii LIST OF FIGURES v LIST OF TABLES vi 1.0. Introduction 1 2.0. Institutional Background 7 2.1. Accounting treatments for derivatives prior to SFAS No.133 7 2.2. Disclosure requirements for derivatives prior to SFAS No.133 8 2.3. Accounting treatments for derivatives under SFAS No.133 8 2.4. Disclosure requirements for derivatives under SFAS No.133 10 2.5. Disclosure requirements for derivatives under SFAS No.161 12 3.0. Literature Review 17 3.1. Information usefulness of SFAS No.133 and SFAS No.161 17 3.2. Characteristics of financial statement disclosure 19 3.3 Stock price informativeness 20 3.4. CEO overconfidence 21 4.0. Hypothesis Development 23 5.0. Data and Sample 26 5.1. Measuring stock price informativeness 26 5.2. Measuring CEO overconfidence 27 5.3. Sample selection 28 6.0. Research Design 29 6.1. Model for stock price informativeness (H1) 29 6.2. Model for overconfidence (H2) 32 7.0. Empirical Result 34 7.1. Descriptive statistics 34 7.2. Results of hypothesis 34 8.0. Additional Analysis 36 8.1. SFAS No.161 adoption and analyst forecast properties 36 9.0. Conclusion 40 Appendix. Variable Definition 42 Reference 55 | |
dc.language.iso | en | |
dc.title | 衍生工具揭露規範與股價資訊內涵:以財務會計準則公報第161號為例 | zh_TW |
dc.title | Derivatives disclosures and stock price informativeness: Evidence from SFAS No.161 | en |
dc.type | Thesis | |
dc.date.schoolyear | 108-2 | |
dc.description.degree | 碩士 | |
dc.contributor.coadvisor | 劉心才(Hsin-Tsai Liu) | |
dc.contributor.oralexamcommittee | 杜榮瑞(Rong-Ruey Duh),廖芝嫻(Chih-Hsien Liao) | |
dc.subject.keyword | 財務會計準則第161號,股價資訊內涵,衍生工具,過度自信, | zh_TW |
dc.subject.keyword | SFAS No.161,Stock price informativeness,Derivatives,Overconfidence, | en |
dc.relation.page | 61 | |
dc.identifier.doi | 10.6342/NTU202001086 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2020-06-22 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
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