Corporate Governance and Financial Characteristics with Issuing Overseas Depositary Receipts: The Case of Listed Electronics Firms in Taiwan / 台灣上市資訊電子產業發行海外存託憑證企業之公司治理與財務特性

碩士 / 國立交通大學 / 財務金融研究所 / 99 / This study use the most commonly overseas financing instruments which are used by domestic enterprises, and we focus on the issuance of overseas depositary receipts, and use the major issuers of this tool in Taiwan listed electronics firms as the research object. This study uses M-I-T theoretical framework and AMOS statistics software to analyze whether what corporate governance represents government and corporate system, and industry technology have a positive impact on the behavior of the firms in the market, thus affecting the firms issue oversea depositary receipts to increase market value and total assets. We find that government and corporate system represents corporate governance variable which has positive influence the behavior of the firms in the market. But industry technology has positive influence the behavior of the firms in the market insignificantly. This paper confirms that issuance of overseas depositary receipt, market value, and total assets are affected by the same latent variable. Therefore, these three manifest variables have mutual relations. This result is different from previous literature.

Identiferoai:union.ndltd.org:TW/099NCTU5304032
Date January 2011
CreatorsLu, Hsiao-Ying, 盧曉瑩
ContributorsCheng, Li-Ping, 承立平
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format56

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