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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/123456789/57507
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DC 欄位值語言
dc.contributor.advisor胡星陽(Shing-Yang Hu)
dc.contributor.authorLeticia Shen Chenen
dc.contributor.author沈巧巧zh_TW
dc.date.accessioned2021-06-16T06:49:06Z-
dc.date.available2014-07-29
dc.date.copyright2014-07-29
dc.date.issued2014
dc.date.submitted2014-07-24
dc.identifier.citationAggarwal, R., Erel, I., Ferreira, M., Matos, P., 2011. “Does governance travel around the world? Evidence from institutional investors”. Journal of Financial Economics 100, 154-181.
Bebchuk, L., Cohen, A., Ferrell, A., 2009. “What matters in corporate governance?” Review of Financial studies 22, 783-827.
Berger, A., Clarke, G., Cull, R., Klapper, L., Udell, G., 2005. “Corporate governance and bank performance: a joint analysis of the static, selection, and dynamic effects of domestic, foreign, and state ownership”. Journal of Banking and Finance 29, 2179-2221.
Borisova, G., Brockman, P., Salas, J., Zagorchev, A., 2012. “Government ownership and corporate governance: Evidence from the EU”. Journal of Banking and Finance 36, 2917-2934.
Chen, Y., Chen, Y., Hasan, I., Lin, C., 2012. “Is there a bright side to government banks? Evidence from the global financial crisis”. Unpublished working paper. National Taiwan University.
Classens, S., Djankov, S., Fan, J., Lang, L., 1999. “Corporate diversification in East Asia: the role of ultimate ownership and group affiliation”. The World Bank working paper WPS2089.
CLSA Asia-Pacific Markets. CG Watch 2012 : Asia Pacific Corporate Governance.
Erkens, D., Hung, M., Matos, P., 2012. “Corporate governance in the 2007-2008 financial crisis: evidence from financial institutions worldwide”. Journal of Corporate Finance 18, 389-411.
Hossain, M., Jain, P., Mitra, S., 2013. “State ownership and bank equity in the Asia-Pacific region”. Pacific-Basin Finance Journal 21, 914-931.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., 1999a. “Corporate ownership around the world”. Journal of Finance 54, 471-517.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., 2002. “Government ownership of banks”. Journal of Finance 57, 265-301.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., 2008. “The economic consequences of legal origins”. Journal of Economic Literature 46, 285-332.
Lemmon, M., Lins, K., 2003. “Ownership structure, corporate governance, and value: evidence from the East Asian financial crisis”. Journal of Finance 58.
The Wall Street Journal, 2014. Japan’s old-style fix for corporate governance, April 30.
dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/57507-
dc.description.abstract本研究以亞洲金融機構之股權結構為研究對象,採用里昂證劵之公司治理指數探討國有持股與法人持股在金融海嘯時期對公司治理的影響,並觀察在何種法制體系下效果更為顯著。本文更進一步探討公司治理是否有助於提升金融機構的績效。與以往研究不同之處為,本研究結果支持國有持股比例與公司治理有顯著正向影響,而在金融海嘯期間內,法人持股比例不具有穩定機制,對金融機構之公司治理有重大的影響。實證結果發現相較於大陸法體系之國家,普通法之下法人持股比例較高,因此對公司治理的影響效果更大。另外,完善的公司治理確實對金融機構之風險控管有重大影響,但在企業價值方面本文研究未取得支持之證據。zh_TW
dc.description.abstractIn our research we intend to examine the role of East Asian ownership structure in banking industry with respect to corporate governance during the period 2007 and 2012. We present the findings using governance index from Credit Lyonnais Securities Asia (CLSA) perspective and a sample of selected developing and developed member countries of Asia, a region that is relatively familiar with active government participation. The study covers China, Hong Kong, India, Indonesia, South Korea, Malaysia, Philippines, Taiwan and Thailand. We find that governance quality reform is positively associated with government ownership during period of crises. However, institutional ownership has detrimental impact to governance as opposed to previous studies. Our results suggest that governance reform in East Asia should focus on strengthening the role of dominant owners in upholding trust in their societies rather than adopting policies and practices from Western economies with completely different ownership, legal and financial systems.en
dc.description.provenanceMade available in DSpace on 2021-06-16T06:49:06Z (GMT). No. of bitstreams: 1
ntu-103-R01723070-1.pdf: 1247256 bytes, checksum: 60cc14c56f1be2c8d6835089ca256970 (MD5)
Previous issue date: 2014
en
dc.description.tableofcontents口試委員會審定書 i
摘要 ii
ABSTRACT iii
CONTENTS iv
LIST OF FIGURES v
LIST OF TABLES vi
Chapter 1 Introduction 1
Chapter 2 Theoretical background and hypotheses 3
2.1 STATE OWNERSHIP VS. INSTITUTIONAL OWNERSHIP 3
2.2 REGULATIONS AND RESTRICTIONS 4
Chapter 3 Data 7
3.1 FIRM-LEVEL GOVERNANCE 7
3.2 OWNERSHIP STRUCTURE 10
3.3 FIRM-LEVEL AND COUNTRY-LEVEL CHARACTERISTICS 12
3.4 METHODOLOGY 13
Chapter 4 Empirical Results 14
4.1 GOVERNMENT OWNERSHIP AND CORPORATE GOVERNANCE QUALITY. 14
4.2 DOES CORPORATE GOVERNANCE AFFECT FIRM OUTCOMES? 23
4.3 LEGAL REGIME, DOES IT MATTER? 26
4.4 ROBUSTNESS CHECKS 29
CONCLUSION 32
APPENDIX 34
APPENDIX A1 34
APPENDIX B1 36
APPENDIX C1 39
REFERENCES 40
dc.language.isoen
dc.title亞洲金融機構治理與股權結構、經營績效之關聯性zh_TW
dc.titleThe Corporate Governance Role of Banks: Ownership Structures and Relationship with Performances from East Asiaen
dc.typeThesis
dc.date.schoolyear102-2
dc.description.degree碩士
dc.contributor.oralexamcommittee陳業寧(Yeh-Ning Chen),王衍智(Yan-Zhi Wang)
dc.subject.keyword公司治理,國有持股,法人持股,法制體系,金融機構績效,zh_TW
dc.subject.keywordCorporate governance,State ownership,Institutional ownership,Legal origin,Firm performances,en
dc.relation.page41
dc.rights.note有償授權
dc.date.accepted2014-07-24
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

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