dc.contributor.advisor | 郭弘卿 | zh_TW |
dc.contributor.author (Authors) | 陳新婷 | zh_TW |
dc.creator (作者) | 陳新婷 | zh_TW |
dc.date (日期) | 2009 | en_US |
dc.date.accessioned | 8-Dec-2010 01:53:07 (UTC+8) | - |
dc.date.available | 8-Dec-2010 01:53:07 (UTC+8) | - |
dc.date.issued (上傳時間) | 8-Dec-2010 01:53:07 (UTC+8) | - |
dc.identifier (Other Identifiers) | G0097353040 | en_US |
dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/48916 | - |
dc.description (描述) | 碩士 | zh_TW |
dc.description (描述) | 國立政治大學 | zh_TW |
dc.description (描述) | 會計研究所 | zh_TW |
dc.description (描述) | 97353040 | zh_TW |
dc.description (描述) | 98 | zh_TW |
dc.description.abstract (摘要) | 本研究以2003至 2008年間國內上市櫃公司為研究對象,探討公司治理與股票市場流動性之關聯性。公司治理機制包括董事長兼任總經理、外部董監事持股、管理當局持股、機構投資者持股、家族型態以及控制權與盈餘分配權偏離程度,並以買賣價差作為衡量市場流動性之變數。 由過去的相關文獻推論,公司治理機制之良窳的確會影響財務報表揭露的透明度,同時產生資訊不對稱的問題,並對市場流動性產生衝擊。實證結果指出,外部董監事持股比率及外資法人持股比率愈高,其買賣價差愈小,市場流動性愈佳;管理當局持股比例愈高、企業為家族企業者以及控制權與盈餘分配權偏離程度愈大者,其買賣價差愈大,市場流動性愈差。 | zh_TW |
dc.description.abstract (摘要) | This thesis attempts to examine the influence of corporate governance on stock market liquidity by observing the publicly listed and OTC companies in Taiwan in the period from 2003 to 2008. The governance mechanisms used in this thesis include CEO duality, outside director ownership, management ownership, institutional ownership, family ownership and deviation between ultimate control and ownership. And we use bid-ask spreads to measure market liquidity. The empirical findings of this study are as follows. Firms with greater outside director seats or foreign institutional ownership are negatively associated with bid-ask spreads and positively associated with market liquidity. While firms with greater management ownership, family ownership, and deviation between voting rights and cash-flow rights, are positively related with bid-ask spreads and negatively related with market liquidity. | en_US |
dc.description.tableofcontents | 第壹章 緒論 1第一節 研究動機與目的 1第二節 研究問題 3第三節 研究流程 4第貳章 文獻探討 6第一節 流動性相關文獻 6第二節 流動性衡量指標相關文獻 10第三節 公司治理與流動性之相關文獻 16第参章 研究設計 19第一節 假說建立 19第二節 變數定義及衡量 27第三節 實證模型 32第四節 研究方法 34第五節 資料來源與處理 35第肆章 實證結果與分析 37第一節 敘述性統計分析 37第二節 相關係數分析及VIF檢測 39第三節 迴歸分析 43第伍章 研究結論與建議 50第一節 研究結論 50第二節 研究限制 53第三節 研究建議 53參考文獻 54 | zh_TW |
dc.language.iso | en_US | - |
dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0097353040 | en_US |
dc.subject (關鍵詞) | 公司治理 | zh_TW |
dc.subject (關鍵詞) | 市場流動性 | zh_TW |
dc.subject (關鍵詞) | Corporate governance | en_US |
dc.subject (關鍵詞) | market liquidity | en_US |
dc.title (題名) | 公司治理與股票市場流動性之關聯性 | zh_TW |
dc.title (題名) | The relationship of corporate governance and market liquidity | en_US |
dc.type (資料類型) | thesis | en |
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