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  1. NTU Theses and Dissertations Repository
  2. 管理學院
  3. 財務金融學系
請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/5335
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dc.contributor.advisor廖咸興
dc.contributor.authorHong-Fei Huangen
dc.contributor.author黃鴻飛zh_TW
dc.date.accessioned2021-05-15T17:56:13Z-
dc.date.available2014-07-15
dc.date.available2021-05-15T17:56:13Z-
dc.date.copyright2014-07-15
dc.date.issued2014
dc.date.submitted2014-07-02
dc.identifier.citationBaliga, B., Moyer, R.C, Rao, R.S., 1996, “CEO Duality and Firm Performance:What’s the Fuss?” Strategic Management, Journal 17, 41-53.
Banker, R., Charnes, A., Cooper, W. 1984, “Some models for estimating technical and scale in efficiencies in data envelopment analysis”, Management Science 30(9), 1078–1092.
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Bebchuk, L., Cohen, A., Ferrell, A., 2009, “What Matters in Corporate Governance”, Review of Financial Studies 22, 783-827.
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Chen, T.K., Liao, H.H., Chen, W.C., 2012, “The Agency Problem Effect between Boards and Minority Equity Holders on Credit Risk: CEO Firing Threshold Perspective”, Working Paper.
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Cornelli, F., Kominek, Z., Ljungqvist, A., 2013, “Monitoring Managers: Does it Matter?” Journal of Finance 68, 431-481.
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dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/5335-
dc.description.abstract董事會與小股東間的代理問題 (Board to minority equity holders)在文獻中少有提及,本篇論文探討CEO的經營能力,是否能影響董事會開除CEO的個人成本。本文將分別使用Demerjian (2012)中估計的CEO能力指標MA-Score及Chen, Liao, Chen (WP)中以Taylor (2010)的模型為基礎而設計出的董事會個人成本的指標Cpers來進行實證研究。結果顯示,能力較高的CEO及CEO確實會造成更嚴重的代理問題,使得公司表現不好時較難開除其CEO。同時,本篇研究也指出,CEO能力的波動性將影響董事會與小股東間的代理問題,波動性高的CEO將使代理問題嚴重程度下降。zh_TW
dc.description.abstractThis study explores the relation between the managerial ability and the agency problems between boards and minority equity holders (later denoted as B-E agency problem) by employing CEO turnover data in the past 20 years. We employ Demerjian (2012) to estimate CEO ability and Chen, Liao, Chen (2012) to estimate the cost of B-E agency problem.The empirical results of this study show that, CEO’s ability significantly affects the firm’s B-E agency problem. The higher a firm's CEO's ability, the more serious the firm's B-E agency problem. Furthermore, we find that the instability in a firm's CEOs’ ability also significantly affect the firm's B-E agency problem.en
dc.description.provenanceMade available in DSpace on 2021-05-15T17:56:13Z (GMT). No. of bitstreams: 1
ntu-103-R01723083-1.pdf: 746528 bytes, checksum: f85218080f345afef76b704b1efa6a48 (MD5)
Previous issue date: 2014
en
dc.description.tableofcontents摘要 i
ABSTRACT ii
圖表 iii
I. 簡介 6
II. 文獻回顧 8
III. 假說 11
IV. 資料及研究方法 12
A. 董事會與小股東間的代理問題:Cpers 12
B. CEO能力的代理變數:MA-Score 13
C. 控制變數簡介 14
V. 敘述統計量及實證結果 16
A. 敘述統計量 16
B. 董事會與小股東間的代理問題與CEO能力 17
C. 董事會與小股東間的代理問題與CEO能力波動性 18
VI. 結論. 19
參考資料 v
dc.language.isozh-TW
dc.subjectCEO經營能力zh_TW
dc.subject代理問題zh_TW
dc.subject小股東zh_TW
dc.subject董事會zh_TW
dc.subjectAgency problemen
dc.subjectManagerial abilityen
dc.subjectBoardsen
dc.subjectMinority equity holdersen
dc.titleCEO經營能力對董事會與小股東間代理問題影響之研究zh_TW
dc.titleDoes Managerial Ability Affect the Agency Cost between Boards and Minority Equity Holders?en
dc.typeThesis
dc.date.schoolyear102-2
dc.description.degree碩士
dc.contributor.oralexamcommittee陳聖賢,陳宗岡
dc.subject.keyword代理問題,小股東,董事會,CEO經營能力,zh_TW
dc.subject.keywordAgency problem,Minority equity holders,Boards,Managerial ability,en
dc.relation.page34
dc.rights.note同意授權(全球公開)
dc.date.accepted2014-07-03
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept財務金融學研究所zh_TW
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