碩士 / 國立臺北大學 / 會計學系 / 90 / China is one of the transition economies with special stock issuance and exchange system. The major drawbacks of Chinese corporate governance include inadequate ownership structure, severe insider control, and weak legal regulations.
Based on the special background, the main purpose of this study is to examine the relationship between corporate governance and operating performance, measured by both financial indicator(MV/BV) and accounting indicator(ROE) in the Shanghai stock market.
The sample consists of listed companies in the Shanghai Stock Exchange from 1999 to 2000. The empirical results are found that:
1. The proportional holdings of the legal entity are only positively correlated with corporate performance on financial indicator.
2. The legal person shares owned by foreign investors are positively correlated with corporate performance.
3. CEO duality is only negatively correlation with corporate performance on financial indicator.
4. The audit service provided by firms having cooperation with international Big 5 is only positively correlated with corporate performance on financial indicator, but it is inversely correlated with accounting indicator.
| Identifer | oai:union.ndltd.org:TW/090NTPU0385027 |
| Date | January 2002 |
| Creators | Kuo-Kuang Fang, 方國光 |
| Contributors | Fujing Shiue, Ph.D., Lien-sheng Lu, Ph.D., 薛富井, 盧聯生 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 67 |
Page generated in 0.0101 seconds