碩士 / 開南大學 / 會計資訊學系 / 97 / With the effect of economic liberalization and globalization, domestic companies are gradually advancing to international capital market to raise funds. Cross-Listing seems to be an important strategy if a company plans to spread its operation into the world and expand its capital resources. Through this flexible manner, a domestic company can promote their reputation overseas, but also lower their cost of capital. This study mainly uses listed Taiwanese companies from 1997 to 2008 to investigate our hypotheses. Using the multiple regression analysis to examine whether cross-listing firms who are subjective to more strict corporate governance rules are in better position to defensed their firm values during financial crises of 1997 Asian and 2008 Global. Empirical results show that the cross-listings on the outside legal entity ownership, the independent board supervisor, the audit committee and using the big four CPA auditing services have positive influence on firm values. For the period events, the effects of financial crisis of Asia and the global exert distinct impacts on the defensiveness of corporate governance. However, the same effect is found for the two financial crisis that when internal ownership interests are concentrated, negative effects on firm values are shown.
| Identifer | oai:union.ndltd.org:TW/097KNU00736010 |
| Date | January 2009 |
| Creators | Shiau Huei Shie, 謝曉慧 |
| Contributors | Yue Ju Lin, 林月珠 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 74 |
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