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An empirical study of the relationship between corporate information disclosure and financial distress

Author

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  • Sheng-Jung Li

    () (Dr.)

Abstract

The purpose of this study is to analyze the relationship between corporate information disclosure and financial distress. From the Securities and Futures Institute network, we collect the financial data of the stock listing companies in the Taiwan Security Exchange (TSE) and GreTai Securities Market (GTSM). We use logistic regression model to find out financial indices that have significant difference in different financial stages and corporate information disclosure conditions. The test results tell us that the level of information disclosure is significantly related to financial distress.

Suggested Citation

  • Sheng-Jung Li, 2009. "An empirical study of the relationship between corporate information disclosure and financial distress," Economics Bulletin, AccessEcon, vol. 29(4), pages 1-31.
  • Handle: RePEc:ebl:ecbull:eb-09-00809
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    File URL: http://www.accessecon.com/pubs/EB/2009/Volume29/EB-09-V29-I4-A31.pdf
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    References listed on IDEAS

    as
    1. Wagstaff, Adam, 2002. "Inequality aversion, health inequalities and health achievement," Journal of Health Economics, Elsevier, vol. 21(4), pages 627-641, July.
    2. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
    3. Satya Chakravarty, 2007. "A deprivation-based axiomatic characterization of the absolute Bonferroni index of inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, pages 339-351.
    4. Sen, Amartya, 1974. "Informational bases of alternative welfare approaches : Aggregation and income distribution," Journal of Public Economics, Elsevier, pages 387-403.
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    Citations

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    Cited by:

    1. Luisa Carpinelli, 2009. "Real effects of banking crises: a survey of the literature," Questioni di Economia e Finanza (Occasional Papers) 55, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    Information Disclosure; Financial Distress;

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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