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Corporate governance affects the occurance of financial crisis which result from financial variables or mecroeconomic variables

.Taiwan is the island country, the exportation value occupies GDP 70%. Taiwan exports many products to the mainland , then these products exports to each place in the world, in which mostly is the European,American and other advanced countries. US is especially important nation to the product demand .Its demand degree is affecting the Taiwan economy deeply. Therefore, when these countries's demand weaken, it will affect Taiwan's exportation situation.And this means global environment and Taiwan's economical growth will be closely linked.However, while the overall environment changes, the enterprises does not just let their companies to go out of business or to rally. Under better mangerment, many enterprises still might passed the crisis safely.This paper discusses if the overall environmental factor changes , under certain governing condition, the occurance of financial crisis will be affected or not.
This paper uses Logit and the Probit model.Moreover, we know many traditional papers researched the relationship between financial variables and the financial crisis , and this paper also want to discuss if the financial factor changes , under certain governing condition, the occurance of financial crisis will be affected or not.The related result is as follows:
1. American overall variables, the financial variables and the company govern variables separately affect the occurance of finance crisis .
2.Regarding the research about ¡§If the overall environmental factor changes , under certain governing condition, the occurance of financial crisis will be affected ,¡¨the result shows interactive effects between overall variables and company govern variables do not very remarkable.And Regarding the research about ¡§If the financial factor changes , under certain governing condition, the occurance of financial crisis will be affected ,¡¨the result shows interactive effects between financial variables and company govern variables are more remarkable.
3.Under better corporate governance , besides the financial fluidity, the financial condition is also better.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0730110-151222
Date30 July 2010
CreatorsWang, Guang-ren
ContributorsAn-Lin Chen, Yi-Kai Chen, Lan-Feng Kao
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0730110-151222
Rightsnot_available, Copyright information available at source archive

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