碩士 / 國立臺灣科技大學 / 財務金融研究所 / 100 / The main purpose of this study is to explore the influence of the Supervision function of the analyst for the market value of company. That is to explore whether the number of companies different analyst reports would encourage company managers to reduce agency costs, thereby enabling the company's market value to rise or not. Besides, this research probes the relationship between the value of the
company and analysts and whether there are differences before and after the economic crisis. In this study, the object is the TWSE and GTSM Listed Companies. Data time is from 2005/01/01 to 2011/12/31.
By using regression analysis, it is found that the supervision function of the analyst have a significant positive effect on the company's market value. That is, the amount of reports that different analysts publish could encourage company managers and reduce agency costs,
thereby enabling the company's market value to rise. What’s more, according to the findings of this study, investors can observe before and after the financial crisis of the same indicators as a reference before investing high market value companies.
| Identifer | oai:union.ndltd.org:TW/100NTUS5304040 |
| Date | January 2012 |
| Creators | Shu-yen Hsieh, 謝抒晏 |
| Contributors | Woan-Yuh, Jang, 張琬喻 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 52 |
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