現代跨國企業起源於十九世紀末,並隨著日趨競爭的國際環境,跨國企業業務變得日趨複雜,相對的跨國企業公司治理要有更嚴謹的制度要求,在OECD所訂定的公司治理六大原則中,資訊揭露程度透明度占了重要的一環,是項重要的參考指標。本研究採用中華民國證券櫃檯買賣中心共同委託證券暨期貨市場發展基金會所執行的資訊揭露評鑑系統並結合順序分類模型,探討臺灣跨國企業與非跨國企業的資訊揭露透明度之相關性。 實證結果發現,在資訊揭露品質程度較低時,在其他條件相同情況下,臺灣跨國企業在提升資訊揭露品質上比起非跨國企業有較高的表現程度,在資訊揭露品質程度較高時,臺灣跨國企業在提升資訊揭露品質上比起非跨國企業較低。此外,在資訊揭露品質程度較高時,發現到前十股東股數份額對於提升高等級資訊揭露品質的程度較低,在資訊揭露品質程度較低時,前十股東股數份額對於提升低等級資訊揭露品質的程度較高。
Modern multinational corporations originated in the nineteenth century. With the increasingly competitive international environment, multinational corporations business becomes complex. Multinational corporation governance have more stringent system to manager. In the OECD Corporate Governance Six principles, the disclosures of information is an important index. This study uses the TWSE information which evaluates the information disclosure and transparence ranking system, and combine the ordered probit model to discuss the disclosure of information between the multinational corporations and non-multinational corporations in Taiwan. The empirical results revealed the following facts. When in the lower quality degree of information disclosures, other conditions are equal, the information disclosures performance of the multinational corporations is better than the non-multinational corporations in Taiwan. When in the higher quality degree of information disclosures, the information disclosures performance of the multinational corporations is worse than the non-multinational corporations in Taiwan. In addition, when in the higher quality degree of information disclosures, the effect of the top ten shareholders to promoting the higher quality degree of information disclosures is worse. When in the lower quality degree of information disclosures, the effect of the top ten shareholders to promoting the lower quality degree of information disclosures is better.