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Investigation of enterprise value using information transparency: The case of optoelectronic industry
Author(s) -
Yang TzuYi,
Chou ChinMei,
Yang YuTai
Publication year - 2020
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22420
Subject(s) - transparency (behavior) , business , enterprise value , accounting , stock (firearms) , value (mathematics) , public information , industrial organization , computer science , computer security , internet privacy , materials science , machine learning , metallurgy
The corporate information given to the investors is insufficient if it is only financial information, and thus, it should include other nonfinancial information, such as relations with the investors, to let the general public accurately understand the situation of how the enterprise creates its value, the process of corporate transparency. Therefore, this research discusses the relationship between information transparency and enterprise value (EV) in stock‐listed companies in the optoelectronic industry that is one of the key industries in Taiwan, and using unbalanced panel random‐effects regression investigates 72 listed firms in the optoelectronic industry. Determining information transparency has a significant influence on EV.