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

Sheng-Jung Li ()
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Sheng-Jung Li: Dr.

Economics Bulletin, 2009, vol. 29, issue 4, A31

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.

Keywords: Information Disclosure; Financial Distress (search for similar items in EconPapers)
JEL-codes: M0 M1 (search for similar items in EconPapers)
Date: 2009-12-23
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