| 摘要: | 金融業利用大眾資金從事投資等活動，扮演資金中介者的角色，一旦金融業發生倒閉或財務危機，將會影響國家整體的金融秩序，關係國家經濟發展。為了維護金融秩序的穩定、健全金融機構的經營以及保障社會大眾之權益，透過資訊揭露強化公司資訊透明度，降低存在企業內部人與外部人的資訊不對稱，以重建投資人的信心。金融控股公司應確保及時及真實的揭露公司重大財務與非財務資訊、合理及評估所能承擔之整體風險，以維持集團的穩健經營，所以金融控股公司有維持資本適足率與維護資訊透明度的義務。本文以2005年至2014年我國金融控股公司為樣本，以證基會所建置的「資訊揭露評鑑系統」作為資訊透明度之代理變數，來檢視經營對資訊透明度的影響，根據聯立方程模型(Simultaneous Equation Models)加以檢測，討論經營風險與資訊透明度的相互影響。本文實證結果發現資本適足率與資訊透明度為負向相互關聯性；備抵呆帳覆蓋率與資訊透明度為正向相互關聯；備抵呆帳覆蓋率與資本適足率為正向相互關聯。
The financial holding company should ensure the timely and truthful disclosure of the company's significant financial and non-financial information, reasonable and assessable overall risks to maintain the Group's stable operations, so financial holding companies have the ability to maintain capital adequacy and maintain information transparency. This paper takes the financial holding company of Taiwan from 2005 to 2014 as a sample, and uses the "Information Disclosure Assessment System" established by the Securities and Futures Club as the proxy variable of information transparency to examine the impact of business on information transparency, according to the simultaneous equation model are tested to discuss the interaction between operational risk and information transparency. The empirical results show that the capital adequacy ratio is negatively correlated with information transparency; the allowance for bad debt coverage and information transparency are positively correlated; the allowance for bad debt coverage and the capital adequacy ratio are positively correlated. |
