金融業使用大眾資金從事投資等活動，扮演資金中介者的角色，為了維護金融秩序的穩定、健全金融機構的經營以及保障社會大眾之權益，須強化公司資訊透明度，降低企業內部人與外部人的資訊不對稱。金融控股公司應及時地及真實地揭露公司的重大財務與非財務資訊，評估其所能承擔之整體風險，以維持公司的穩健經營，故金融控股公司有維持資本適足率、備抵呆帳覆蓋率與資訊透明度的規範。本文以2005年至2014年臺灣的金融控股公司為樣本，以證基會所建置的「資訊揭露評鑑系統」作為資訊透明度之代理變數，運用聯立方程模型探討經營風險與資訊透明度的相互影響。本文實證結果發現資本適足率與資訊透明度為負向相互關聯性，備抵呆帳覆蓋率與資訊透明度為正向相互關聯性，備抵呆帳覆蓋率與資本適足率為正向相互關聯性。

The financial industry uses public funds to engage in investment and other activities, acting as a fund intermediary. In order to maintain the stability of financial order, improve the operation of financial institutions, and protect the rights and interests of the general public, the information transparency of company can reduce the information asymmetry between the corporate insiders and outsiders. Financial holding companies should disclose the company's major financial and non-financial information in a timely and true manner, and the overall risks that can be assumed are reasonably and assessed in order to maintain the group's steady operation. Therefore, the financial holding company has to maintain the capital adequacy ratio, coverage ratio of allowances for bad debt and information transparency. This paper uses financial holding companies in Taiwan from 2005 to 2014 as a sample, and uses the "Information Disclosure Evaluation System" established by the Securities and Exchange Commission as the proxy variable of information transparency, and uses a simultaneous equation model to explore the interrelationship between operational risk and information transparency. The empirical results of this paper find that the capital adequacy ratio has a significant negative interrelationship to information transparency, the coverage ratio of allowances for bad debt has a significant positive interrelationship to information transparency, and the coverage ratio of allowances for bad debt has a significant positive interrelationship to capital adequacy ratio.