Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/30301
|
| Title: | 企業智慧資本資訊揭露程度之價值攸關性探討 |
| Authors: | 王彥翔
Wang, Yen-Hsiang |
| Contributors: | 張清福
王彥翔
Wang, Yen-Hsiang |
| Keywords: | 智慧資本揭露
價值攸關性
內容分析法
Ohlson模型
Disclosure of intellectual capital
Value relevance
Content Analysis
Ohlson model |
| Date: | 2004 |
| Issue Date: | 2009-09-11 17:37:35 (UTC+8) |
| Abstract: | 智慧資本研究可分為策略流派（strategic stream）與評量流派（measurement stream）。前者主要研究如何創造與運用智慧資本，以及探討智慧資本與價值創造的關係；後者著重如何對智慧資本進行衡量。
本研究依評量流派之觀點，以民國91年度資訊電子業上市公司為樣本，探討智慧資本資訊對於企業價值的影響。本文採用內容分析法對各樣本公司進行揭露程度評比，採用Ohslon (1995)模型進行實證研究，結果顯示智慧資本之資訊揭露與企業價值攸關，揭露程度與公司價值成正向關係。就分項智慧資本而言，流程資本以及關係資本之揭露程度與公司價值有顯著關係；然而，人力資本與創新資本的揭露程度與公司價值之關係均不顯著。
The research in intellectual capital (IC) can be divided into two streams focusing on strategic aspect and measurement aspect, respectively. The former stream investigates how to create and use IC and concentrates on the relation between IC and the value creation. On the other hand, the measurement stream is more concerned with the IC reporting and measurement.
Basing on the view of measurement stream, this study selects 177 listed companies in Taiwan electronic industry in 2002 as a sample and investigates the effect of IC information on firm value. By using content analysis method to score the degree of IC disclosure for each sample firm, the empirical result shows that the comprehensive disclosure of IC has significant and positive effect on firm value. When we further look into the decomposition of IC disclosure, both relation capital and process capital are found to have positive and significant effect on firm value while the human capital and innovation capital do not have such a significant relationship. |
| Reference: | 王文英與張清福，2004，智慧資本影響績效模式之探討：我國半導體業之實證研究，會計評論，第39期（7月）：88-117。
吳安妮，2002，剖析智慧資本，會計研究月刊，第204期（11月）：57- 66。
______與張朝清，2003，企業智慧資本之理論基礎、類型與管理程序，今日會計，第90期（3月）：1-13。
吳思華，2000，網際網路智慧資本衡量與發展措施嚴究，經濟部工業局軟體五年發展計劃。
林冠宏，2003，公司資訊揭露與價值攸關性之探討，國立政治大學會計學系碩士論文。
林鈺傑，2003，智慧資本與經營績效關係性之實證研究，國立政治大學會計學系碩士論文。
邱碧珠，1999，資訊揭露程度與權益資金成本間之關係：我國資訊電子業之研究，國立台灣大學會計學研究所碩士論文。
柯家瑜，2002，智慧資本揭露與智慧資本績效值之關聯性研究，國立中央大學企業管理學系碩士論文。
郭美玲，2003，智慧資本外部報導之研究－以資訊電子及金融服務業為對象，國立政治大學會計學系碩士論文。
郭敏華，1995，資訊不對稱對負債資金成本之影響－以銀行借款為實證，國立政治大學企業管理學系博士論文。
陳美娟，1997，年報自願性揭露水準與公司特徵之關聯性研究， 國立政治大學會計學系碩士論文。
黃聖茵，2003，組織之人力資本對市場價值及財務績效影響之研究，國立政治大學會計學系碩士論文。
詹文男，2002，資訊科技產業智慧資本衡量之研究－系統理論之觀點，國立中央大學資訊管理研究所博士論文。
資策會，2001，我國產業智慧資本先導性個案研究，財團法人資訊工業策進會分包學術機構研究計畫期末報告。
蔡其諭，2001，揭露程度與負債資金成本之關係，國立政治大學會計學系碩士論文。
饒祥浩，2001，從企業、分析師及會計師觀點論資訊電子業智慧資本資訊之揭露，國立政治大學會計學系碩士論文。
Akerlof, G. 1970. The market for lemons: Quality uncertainty and the market mechanism. Quarterly Journal of Economics 84:488-500.
Bernard, V. L., 1995. The Feltham-Ohlson Framework: Implicaitons for Empiricists. Contemporary Accounting Research 11 (2): 733-747.
Bontis, N. 1998. Intellectual capital: an exploratory study that develops measures and models. Management Decision 36 (2): 63-76.
________. 2002. IC Disclosures in Canadian Corporations, McMaster University, Hamilton.
Bukh, P. N. 2003. Commentary: the relevance of intellectual capital disclosure: a paradox?. Accounting, Auditing & Accountability Journal 16 (1): 49-56.
Dechow, P. M., A. P. Hutton, and R. G. Sloan. 1999. An empirical assessment of the residual income valuation model. Journal of Accounting and Economics 26 (January): 1-34.
Deegan, C. 2000. Financial Accounting Theory, Sydney: McGraw-Hill Book.
Diamond, D. W., and R. E. Verrecchia. 1991. Disclosure, liquidity, and the cost of capital. The Journal of Finance 46 (September): 1325-1359.
Dzinkowski, R. 2000. The measurement and management of intellectual capital: an introduction. Management Accounting (February): 32-36.
Edvinsson, L., and M. S. Malone. 1997. Intellectual Capital- Realizing Your Company`s True Value by Finding Its Hidden Roots. New York: Harper Business.
Feltham, G. A., and J. A. Ohlson. 1995. Valuation and clean surplus accounting for operating and financial activities. Contemporary Accounting Research 11 (2): 689-731.
Fishman, M. J., and K. M. Hagerty. 1989. Disclosure decisions by firms and the competition for price efficiency. The Journal of Finance 44 (July): 633-646.
Frankel, R., and C. M.C. Lee. 1998. Accounting valuation, market expectation, and cross-sectional stock returns. Journal of Accounting and Economics 25: 283-319.
Guthrie, J., R. Petty, K. Yongvanich, and F. Ricceri. 2004. Using content analysis as a research method to inquire into intellectual capital reporting. Journal of Intellectual Capital 5 (2): 282-293.
Healy, P. M., A. P. Hutton, and K. G. Palepu. 1999. Stock performance and intermediation changes surroundings sustained increases in disclosure. Contemporary Accounting Research 16 (3): 485-520.
Hussi, T,, and G. Ahonen. 2002. Managing inatngible assets- a question of integration and delicate balance. Journal of Intellectual Capital 3 (3): 277-286.
Jensen, M. C., and W. H. Meckling. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3 (4): 305-360.
Lim, L. L.K., and P. Dallimore. 2002. To the public-listed companies, from the investment community. Journal of Intellectual Capital 3 (3): 262-276.
Lindblom, C. K. 1994. The implications of organizational legitimacy for corporate social performance and disclosure. Paper presented at the Critical Perspectives on Accounting Conference, New York, NY.
Mavrinac, S., and T. Siesfeld. 1998. Measures That Matter: An Exploratory Investigation of Investors` Information Needs and Value Priorities, OECD.
Ohlson, J. A. 1995. Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research 11 (2): 661-687.
Roos, J., G. Roos, N. C. Dragonetti, and L. Edvinsson. 1998. Intellectual Capital: Navigating in the New Business Landscape, New York, NY: University Press.
Skinner, D. J. 1997. Earnings disclosures and stockholder lawsuits. Journal of Accounting and Economics 23 (3): 249-282.
Stewart, T. A. 1997. Intellectual Capital: The New Wealth of Organizations, Bantam Doubleday Dell Publishing Group, Inc.
Sullivan, P. H. 2000. Value-Driven Intellectual Capital: How to Convert Intangible Corporate Assets Into Market Value, New York, NY: John Wiley & Sons.
van der Meer-Kooistra, J., and S. M. Zijlstra. 2001. Reporting on intellectual capital. Accounting, Auditing & Accountability Journal 14 (4): 456-476.
Vergauwen, P. G.M.C., and F. J.C. van Alem. 2005. Annual report IC disclosures in The Netherlands, France and Germany. Journal of Intellectual Capital 6 (1): 89-104.
Williams, S. M. 2001. Is intellectual capital performance and disclosure practices related?. Journal of Intellectual Capital 2 (3): 192-203. |
| Description: | 碩士
國立政治大學
會計研究所
92353023
93 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0923530231 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
|
Files in This Item:
| File |
Size | Format | |
|---|
| index.html | 0Kb | HTML2 | 302 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
