近十年來，國內外陸續爆發企業醜聞，投資大眾逐漸的對資本市場失去原有的信心，因此如何強化資訊揭露程度，降低經營者與所有者的資訊不對稱，讓投資者能獲得正確且及時的資訊，已成為投資者所關注的焦點。此外，一家公司經營的成敗，其最主要的因素在於高階經理人。高階經理人不僅僅影響了公司的經營績效，更決定公司未來的經營方向。
本研究目的即在探討資訊揭露程度和繼任高階經理人型態與經營績效的影響，本研究以2002年和2003年有發生更換高階經理人公司為研究對象。實證研究結果如下：
一、資訊揭露程度與經營績效呈顯著正相關。
二、繼任高階經理人為內部繼任者與經營績效呈顯著正相關。
三、不同繼任高階經理人型態其經營績效有顯著差異。
四、不同繼任高階經理人型態其資訊揭露程度有顯著差異。
During the recent ten years, the corporate fraud and scandal have been happening both at domestic and abroad. The investors are losing their confidence in capital market. The major concerns for investors are how to improve the information disclosure, reduce the imbalance of information between business operators and owners and help investors acquiring the accurate and timely information. In addition, the high-ranking managers are very crucial to decide a company’s success or failure. The high-ranking managers not only influence the corporate performance but also decide the future direction of op-eration.
The purposes of this research are exploring the associations among the degree of information disclosure, the type of successive high-ranking managers and the corporate performance. This research focuses on companies which have changed the high-ranking managers from 2002 to 2003. The research results are as following:
1. There are correlative between the degree of information disclosure and the corporate performance.
2. There are correlative between the internal high-ranking successors and the cor-porate performance.
3. It shows significant difference in corporate performance of companies among different type of high-ranking successors.
4. It also shows significant difference in degree of information disclosure of com-panies among different type of high-ranking successors.
