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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 王衍智 | |
| dc.contributor.author | Ting-Yu Liu | en |
| dc.contributor.author | 劉庭佑 | zh_TW |
| dc.date.accessioned | 2021-06-17T07:32:40Z | - |
| dc.date.available | 2019-06-08 | |
| dc.date.copyright | 2019-06-08 | |
| dc.date.issued | 2019 | |
| dc.date.submitted | 2019-06-01 | |
| dc.identifier.citation | Bank, M., Larch, M., & Peter, G. (2011). Google search volume and its influence on liquidity and returns of German stocks. Financial Markets and Portfolio Management, 25(3), 239.
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/73399 | - |
| dc.description.abstract | 本研究將維基百科(Wikipedia)刊登之內容視為非傳統型媒體報導，並探討標準普爾(S&P) 1500公司之執行長(Chief Executive Officer, CEO)在非傳統型媒體-維基百科上的資訊揭露程度，對於公司價值(Tobin’s Q)之影響。實證結果顯示，CEO於維基百科上資訊揭露程度越高者，其公司價值顯著提升，代表公司資訊揭露越透明，越能降低外部投資人資訊不對稱之問題、提升外部投資人之投資意願，進而降低公司資金成本、提升公司之價值。
規模分群樣本實證結果顯示，CEO於維基百科上之資訊揭露，不論對於大規模公司或小規模公司之價值皆有顯著提升之效果，但對於小規模公司之價值提升幅度更高。赫芬達指數分群樣本實證結果亦顯示，處於高度競爭市場的公司(即赫芬達指數較低者)，其CEO於維基百科資訊揭露程度正向影響公司價值。年度分群樣本實證結果顯示，2013年之後，CEO於維基百科資訊揭露程度正向影響公司價值，反映隨著網路科技的普及，維基百科之內容一定程度地成為外部投資人倚賴的資訊參考平台。 | zh_TW |
| dc.description.abstract | This paper considers the content recorded in Wikipedia as non-traditional media coverage and explores the relationship between the degree of information disclosure and the firm value, proxied by Tobin’s Q. The empirical results show that the degree of information disclosure on CEOs’ Wikipedia pages is positively correlated with the firm value. That is, with the more transparent information disclosure of the firm, reduced information asymmetry causes share price that uninformed investors are willing to pay. Accordingly, the firm’s cost of capital is reduced and its value is improved. The empirical result of the subsample further shows that the degree of information disclosure on CEO’s Wikipedia pages leads to a higher improvement of firm value for small firms than large firms. The degree of information disclosure is positively correlated with the firm value for the firms in more competitive product market. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-17T07:32:40Z (GMT). No. of bitstreams: 1 ntu-108-R06723007-1.pdf: 1540769 bytes, checksum: 39f9870163782595de33e4b5319ee262 (MD5) Previous issue date: 2019 | en |
| dc.description.tableofcontents | 口試委員審定書 i
誌謝 ii 中文摘要 iii Abstract iv 目錄 v 表目錄 vi 第一章 緒論 1 第二章 假說建立 5 第三章 研究樣本及研究方法 6 第一節 樣本選取與資料來源 6 第二節 解釋變數-資訊揭露程度之代理變數 7 第三節 被解釋變數-公司價值之代理變數 8 第四節 控制變數 8 第五節 變數之敘述性統計 11 第六節 研究方法 12 第四章 實證結果與分析 15 第一節 CEO維基百科資訊揭露程度與公司價值之關聯 15 第二節 規模分群樣本之迴歸解果 16 第三節 赫芬達指數(HHI)分群樣本之迴歸結果 17 第四節 產業分群樣本之迴歸結果 18 第五節 年度分群樣本之迴歸結果 19 第五章 結論與建議 19 參考文獻 22 表一、變數敘述性統計表 25 表二、相關係數矩陣 26 表三、迴歸結果-CEO維基百科資訊揭露程度與公司價值 27 表四、迴歸結果-規模分群樣本 28 表五、迴歸結果-赫芬達指數(HHI)分群樣本 29 表六、SIC前兩碼劃分之各產業及其樣本數 30 表七、迴歸結果-產業分群樣本 31 表八、迴歸結果-年度分群樣本 32 | |
| dc.language.iso | zh-TW | |
| dc.subject | 公司價值 | zh_TW |
| dc.subject | 媒體報導 | zh_TW |
| dc.subject | 公司資訊揭露 | zh_TW |
| dc.subject | 公司執行長 | zh_TW |
| dc.subject | S&P 1500 | zh_TW |
| dc.subject | 維基百科 | zh_TW |
| dc.subject | Tobin’s Q | en |
| dc.subject | S&P 1500 | en |
| dc.subject | CEO | en |
| dc.subject | Information Disclosure | en |
| dc.subject | Wikipedia | en |
| dc.subject | Media Coverage | en |
| dc.title | 公司執行長資訊揭露程度如何影響公司價值 | zh_TW |
| dc.title | How Does CEO Information Disclosure Level Affect Firm Value | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 107-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 陳彥行,張景宏 | |
| dc.subject.keyword | 媒體報導,S&P 1500,公司執行長,公司資訊揭露,維基百科,公司價值, | zh_TW |
| dc.subject.keyword | Media Coverage,S&P 1500,CEO,Information Disclosure,Wikipedia,Tobin’s Q, | en |
| dc.relation.page | 32 | |
| dc.identifier.doi | 10.6342/NTU201900807 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2019-06-02 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| 顯示於系所單位： | 財務金融學系 | |
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