碩士 / 長榮大學 / 經營管理研究所 / 106 / In the past, the study of corporate governance focused on the governance mechanisms for the company's characteristics, financial factors or the impact on the capital market to enhance the company's performance and shareholder wealth, rarely explore if the quality of corporate governance can reduce the company's risk or not. In Taiwan, Lin, et al. (2010) provides a relatively complete empirical study on the impact of corporate governance mechanisms on risk. However, there is a lack of literature on the impact of corporate governance on the market after the financial crisis has drastically changed. Therefore, this study attempts to use Taiwan stock market to research the corporate governance mechanisms effect on risk before and after the financial crisis, and expect to find the key mechanisms which can reduce corporate risk after financial crisis.
In this study, we consider the board characteristics, ownership structure, information transparency, managerial compensation, and use the Panel Data Model to find the empirical evidence of the quality of corporate governance mechanism on risk before and after the financial crisis.
This paper finds out: 1. the more outside block-holders and institution shareholders can reduce the risk before and after financial crisis. 2. The more independency of the board could reduce the risk before financial crisis, but it without any effect after financial crisis.
| Identifer | oai:union.ndltd.org:TW/106CJU00457005 |
| Date | January 2018 |
| Creators | LI,WEI-SYONG, 李威雄 |
| Contributors | CHEN,HSIEN-MING, 陳賢名 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 35 |
Page generated in 0.6561 seconds