請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/29045
完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 楊朝成 | |
dc.contributor.author | Min-I Chung | en |
dc.contributor.author | 鍾旻宜 | zh_TW |
dc.date.accessioned | 2021-06-13T00:36:45Z | - |
dc.date.available | 2007-07-26 | |
dc.date.copyright | 2007-07-26 | |
dc.date.issued | 2007 | |
dc.date.submitted | 2007-07-24 | |
dc.identifier.citation | 1. Agrawal, A., Knoeber, C. (1996) Firm performance and mechanisms to control agency problems between managers and shareholders, Journal of Financial and Quantitative Analysis, 31, pp377–397.
2. Aksu, Mine and Arman Kosedag (2006) Transparency and Disclosure Scores and their Determinants in the Istanbul Stock Exchange, Corporate Governance, 14, pp277–296. 3. Bebchuk, L., Kraakman, R. and Triantis, G. (2000) Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Creation and Agency Costs of Separating Control from Cash Flow Rights. In: Randall K. Morck (ed.) Concentrated Corporate Ownership. NBER Conference Report Series. Chicago: University of Chicago Press. 4. Brunello, Giorgio, Clara Graziano, and Bruno M. Parigi (2003) CEO turnover in insider-dominated boards: The Italian case, Journal of Banking & Finance, 27, pp1027–1051. 5. Chen, Zhilan, Yan-Leung Cheung, Aris Stouraitis, and Anita W. S. Wong (2005) Ownership concentration, firm performance, and dividend policy in Hong Kong, Pacific-Basin Finance Journal, 13, pp431–449. 6. Cheng, Suwina and Michael Firth (2005) Ownership, corporate governance and top management pay in Hong Kong, Corporate Governance, 13, pp291–302. 7. Cheng, Suwina and Michael Firth (2006) Family ownership, corporate governance, and top executive compensation, Managerial and Decision Economics, 27, pp549–561. 8. Cheung, Yan-Leung, Aris Stouraitis, and Anita W. S. Wong (2005) Ownership concentration and executive compensation in closely held firms: Evidence from Hong Kong, Journal of Empirical Finance, 12, pp511–532. 9. Chung, K.H., Pruitt, S.W. (1996) Executive ownership, corporate value, and executive compensation: a unifying framework, Journal of Banking and Finance, 20, pp1135–1159. 10. Claessens, S., Djankov, S., Lang, L.H.P. (2000) The separation of ownership and control in East Asian corporations, Journal of Financial Economics, 58, pp81–112. 11. Claessens, S., Djankov, S., Fan, J. and Lang, L. H. P. (2002) Disentangling the Incentive and Entrenchment Effects of Large Shareholdings, Journal of Finance, 57, pp2741–2772. 12. Core, J.E. (1997) The directors’ and officers’ insurance premium: an outside assessment of the cost of weak corporate governance, Working Paper, The Wharton School, University of Pennsylvania. 13. Craswell, Allen T., Stephen L. Taylor, and Richard A. Saywell (1997) Ownership structure and corporate performance: Australian evidence, Pacific-Basin Finance Journal, 5, pp301–323. 14. Daily, C. M. and Schwenk, C. (1996) Chief Executive Officers, Top Management Teams, and Boards of Directors: Congruguent or Countervailing Forces?, Journal of Management, 22, pp185–208. 15. Deckop, J. (1988) Determinants of Chief Executive Officer Compensation, Industrial and Labor Relations Review, 41, pp215–226. 16. Dehaene, A., De Vuyst, V. and Ooghe, H. (2001) Corporate Performance and Board Structure in Belgian Companies, Long Range Planning, 34, pp383–398. 17. Demsetz, H. and Lehn K. (1985) The structure of corporate ownership: causes and consequences, Journal of Political Economy, 93(6), pp1155–1177. 18. Demsetz, H. and Villalonga, B. (2001) Ownership structure and corporate performance, Journal of Corporate Finance, 7, pp209–233. 19. Denis, D.J., Denis, D.K. (1995) Performance changes following top management dismissals, Journal of Finance, 50, pp1029–1057. 20. Eisenberg, T., Sundgren, S., Wells, T.W. (1998) Larger board size and decreasing firm value in small firms, Journal of Financial Economics, 48, pp35–54. 21. Faccio, M. and Lang, L. H. P. (2002) The Ultimate Ownership of Western European Corporations, Journal of Financial Economics, 65, pp365–395. 22. Franks, J., Mayer, C. (1998) Ownership and control of German corporations, Working paper, London Business School. 23. Franks, J., Mayer, C., Renneboog, L. (1998) Who disciplines bad management? Discussion paper, CentER, Tilburg University. 24. Gompers, Paul, Joy Ishii, and Andrew Metrick (2003) Corporate governance and equity prices, The Quarterly Journal of Economics, February, pp107–155. 25. Grossman, S. and Hart, O. (1988) One-Share, One-Vote, and the Market for Corporate Control, Journal of Financial Economics, 20, pp175–202. 26. Harris, M. and Raviv, A. (1988) Corporate Governance: Voting Rights and Majority Rules, Journal of Financial Economics, 20, pp203–235. 27. Hermalin, E.B., Weisbach, S.M. (1991) The effects of board composition and direct incentives on firm performance, Financial Management, 20, pp101–112. 28. Himmelberg, C.P., Hubbard, R.G., Palia, D. (1999) Understanding the determinants of managerial ownership and the link between ownership and performance, Journal of Financial Economics, 53, pp353–384. 29. Hiraki, T., Inoue, H., Ito, A., Kuroki, F., Masuda, H. (2003) Corporate governance and firm value in Japan: Evidence from 1985 to 1998, Pacific-Basin Finance Journal, 11, pp239–265. 30. Holderness, C. G. (2003) A survey of blockholders and corporate control, FRBNY Economic Policy Review, 9(1), pp51–64. 31. Holthausen, Robert W. and David F. Larcker (1993b) Organizational structure and financial performance, Unpublished manuscript (Wharton School. University of Pennsylvania. Philadelphia, PA). 32. Huther, J. (1997) An Empirical Test of the Effect of Board Size on Firm Efficiency, Economics Letters, 54, pp259–264. 33. Jensen, M.C. (1993) The modern industrial revolution, exit and the failure of internal control systems, Journal of Finance, 48, pp831–880. 34. Jensen MC, Murphy KJ. (1990) Performance pay and top-management incentives, Journal of Political Economy, 98, pp225–264. 35. Kaplan, S.N. (1994) Top executives, turnover and firm performance in Germany, Journal of Law, Economics and Organization, 10, pp142–159. 36. Klapper, Leora F. and Inessa Love (2004) Corporate governance, invstor protection, and performance in emerging markets, Journal of Corporate Finance, 10, pp703–728. 37. Kula, Veysel (2005) The impact of the roles, structure and process of boards on firm performance: evidence from Turkey, Corporate Governance, 13, pp 265–276. 38. La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (1999) Corporate Ownership Around the World, Journal of Finance, 54, pp471–517. 39. La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. W. (2002) Investor Protection and Corporate Valuation, Journal of Finance, 57, pp1147–1171. 40. Lawrence, J., Stapledon, G.P. (1999) Is board composition important? A study of listed Australian companies, University of Melbourne working paper. 41. Mak, Y. T. and Yuan Li (2001) Determinants of corporate ownership and board structure: evidence from Singapore, Journal of Corporate Finance, 7, pp235–256. 42. Mak, Y. T. and Yuanto Kusnadi (2005) Size really matters: Further evidence on the negative relationship between board size and firm value, Pacific-Basin Finance Journal, 13, pp301–318. 43. Morck, R., Nakamura, M., Shivdasani, A. (2000) Banks, ownership structure, and firm value in Japan, Journal of Business, 73, pp539–567. 44. Murphy, K.J., Zimmerman, J.L. (1993) Financial performance surrounding CEO turnover, Journal of Accounting and Economics, 16, pp273–315. 45. Prevost, Andrew K., Ramesh P. Rao, and Mahmud Hossain (2002) Determinants of board composition in New Zealand: a simultaneous equations approach, Journal of Empirical Finance, 9, pp373–397. 46. Ramaswamy, K., Veliyath, R. and Gomes, L. (2000) A study of the Determinants of CEO Compensation in India, Management International Review, 40, pp167–191. 47. Renneboog, Luc (2000) Ownership, managerial control and the governance of companies listed on the Brussels stock exchange, Journal of Banking & Finance, 24, pp1959–1995. 48. Thomsen, Steen and Torben Pedersen (2000) Ownership structure and economic performance in the largest European companies, Strategic Management Journal, 21, pp689–705. 49. Warner, J.B., Watts, R.L., Wruck, K.H. (1988) Stock prices and top management changes, Journal of Financial Economics, 20, pp461–492. 50. Weir, C. and Laing, D. (2001) Governance Structures, Director Independence and Corporate Performance in the UK, European Business Review, 13, pp86–94. 51. Weisbach, S.M. (1988) Outside directors and CEO turnover, Journal of Financial Economics, 20, pp431–460. 52. Yeh, Yin-Hua (2005) Do controlling shareholders enhance corporate value? Corporate Governance, 13, pp313–325. 53. Yermack, David (1996) Higher market valuation of companies with a small board of directors, Journal of Financial Economics, 40, pp185–211. 54. 何幸芳(2003) 獨立董監事對公司價值與盈餘資訊內涵影響之研究,輔仁大學金融研究所碩士論文。 55. 呂春綢(2004)我國獨立董監制度與公司績效關係研究,國立台北大學會計學系碩士論文。 56. 羅肇偉(2004)公司治理、董事會獨立性與公司績效關係之研究-以電子業與營造業為例,銘傳大學管理科學研究所碩士論文。 | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/29045 | - |
dc.description.abstract | 公司治理至今仍是各界極為重視的議題,本篇論文旨在利用LISREL模型探討公司治理的相關變數和公司績效間的關聯性。本研究選取了六大影響公司治理品質的因素,包括董事席次、董事長領導型態(是否兼任公司的總經理)、董事會組成、股權結構、大股東侵害小股東權利的效果、以及資訊揭露的透明度,組成LISREL模型中潛在變數的外生變數,透過聯立方程式來觀察對台灣上市上櫃公司績效(亦即潛在變數的內生變數)的影響。
研究結果指出,董事席次對於公司績效有負向影響,董事長兼任總經理也對公司績效有負面影響,而董事會組成、股權結構、以及資訊揭露的透明度對公司績效有正面影響,但依據此研究資料,本篇論文並沒有找到顯著的證據證明大股東侵害小股東的效果對公司績效有負面影響。 | zh_TW |
dc.description.abstract | Corporate governance is still an important issue nowadays. This study aims at exploring the relationship between the variables of corporate governance and operating performance of a firm using LISREL model. This study chooses six factors affecting the quality of corporate governance, including board size, board leadership, board composition, ownership structure, entrenchment effect, and the transparency of information disclosure, as the exogenous variables of latent variables in LISREL. Through this structural equation model, we intend to observe the effect of six factors on operating performance, which is the endogenous variable of latent variables, of all listed companies of the Taiwan Stock Exchange Corporation (TSEC) and the Over-the-Counter market (OTC).
Empirical results indicate that there is a negative relation between board size and operating performance. Furthermore, there is also an inverse association between board leadership and operating performance. Board composition, ownership structure, and the transparency of information disclosure affect operating performance positively. However, based on our data, we couldn’t find significant evidence to support that entrenchment effect impacts operating performance negatively. | en |
dc.description.provenance | Made available in DSpace on 2021-06-13T00:36:45Z (GMT). No. of bitstreams: 1 ntu-96-R94723014-1.pdf: 319079 bytes, checksum: ac3cb9a15a30af3ef1c30db73e8d692e (MD5) Previous issue date: 2007 | en |
dc.description.tableofcontents | 誌謝 I
中文摘要 II ABSTRACT III I. INTRODUCTION - 1 - 1-1 RESEARCH BACKGROUND - 1 - 1-2 RESEARCH MOTIVATION - 1 - 1-3 RESEARCH METHODOLOGY - 2 - 1-4 RESEARCH PURPOSE - 2 - II. LITERATURE REVIEW - 3 - III. DATA AND RESEARCH DESIGN- 14 - 3-1 SAMPLE SELECTION - 14 - 3-2 VARIABLES DESCRIPTION - 14 - 3-3 MODEL - 19 - 3-4 HYPOTHESIS - 23 - IV. EMPIRICAL RESULTS - 27 - V. SUMMARY - 43 - VI. CONCLUSION - 46 - REFERENCES - 49 - | |
dc.language.iso | en | |
dc.title | 公司治理與公司績效關聯性之研究-應用LISREL模型 | zh_TW |
dc.title | The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model | en |
dc.type | Thesis | |
dc.date.schoolyear | 95-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 黃恆獎,劉任昌 | |
dc.subject.keyword | 公司治理,公司績效, | zh_TW |
dc.subject.keyword | corporate governance,operating performance,LISREL, | en |
dc.relation.page | 54 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2007-07-26 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
顯示於系所單位: | 財務金融學系 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
ntu-96-1.pdf 目前未授權公開取用 | 311.6 kB | Adobe PDF |
系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。