我國在施行自願性財務預測制度後,董事會必須對於管理當局所公開之財務預測進行通過並負起最終之責任,且公司得以選擇簡式或完整式財務預測做為預測資訊揭露的型態,其中,揭露簡式財務預測的公司亦可選擇以點估計或區間估計做為指引表達的方式。本研究旨在探討董事會特性是否在自願性財務預測制度下,影響公司選擇發佈財務預測的揭露型態(簡式或完整式財務預測)及指引精確性(點估計與區間估計財務預測)。實證結果顯示,在控制公司是否有意願自願性揭露財務預測後,公司董事會特性確實會影響公司對於財務盈餘預測揭露型態及指引精確性的選擇,證實我國董事會在管理當局自願性財務預測資訊的揭露選擇上扮演重要的角色。
The corporate board needs to take full responsibility for the financial forecast issued by a firm, which can choose its financial forecast with two different disclosure types (summary or complete financial forecast) and with guidance precision forms (point or range financial forecast), after the voluntary financial forecast system adopted by Taiwan government. This study investigates whether board characteristics influence management to choose financial forecast disclosure types or guidance precision forms. Empirical evidence indicates that corporate board characteristics are associated with the management selection of financial forecast types and guidance precision forms. It highlights that corporate board indeed plays an important role in voluntary management financial forecast disclosure during the research period.