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. Therefore, this study attempts to use Taiwan stock market to research the internal and external corporate governance mechanism effects on idiosyncratic risk before and after the financial crisis, and expect to find the key mechanisms which can reduce corporate risk.
In this study, we consider the GARCH effect to modify Xu & Malkiel (2003) direct decomposition method to estimate the company's idiosyncratic risk, then 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 idiosyncratic risk before and after the financial crisis.
The research contributions are as follows: 1. provide the important governance mechanisms of reducing the risk of the company and enhance the risk management ability by this research. 2. Exploring the corporate governance mechanisms for idiosyncratic risk before and after the financial crisis, and expect to identify key governance mechanisms that can reduce corporate risk.
| Identifer | oai:union.ndltd.org:TW/106CJU00457006 |
| Date | January 2018 |
| Creators | CHEN,MIN-SIN, 陳敏欣 |
| 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 | 48 |
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