This paper tests the relationship between corporate governance and corporate value and the relationship between corporate governance and firm performance. A ¡§Governance Index¡¨ is built based on three aspects of the company governance structure: 1. the performance of the broad of directors, 2. ownership structure 3. involvement of capital markets. This index is used as a proxy measure of the effectiveness of the governance mechanism. We propose the firms under good governance should outperform those under poor governance. This paper finds a striking relationship between Governance Index and firm performance. The results imply that the Governance Index built in this paper is successful in evaluating the effectiveness of the governance mechanism of firms in Taiwan.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0825108-162027 |
| Date | 25 August 2008 |
| Creators | Chih, Kuan |
| Contributors | Jheng Shou Lu, Anlin Chen, Lan Feng Koa |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0825108-162027 |
| Rights | withheld, Copyright information available at source archive |
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