Please use this identifier to cite or link to this item: https://ah.lib.nccu.edu.tw/handle/140.119/98646
題名: 內部資訊與公司董監和經營團隊變動之 關連研究---以IPO事件為例
The study of Inside Information on Company Board and Management Team Change – A case of IPO
作者: 蔡昇諭
貢獻者: 李文傑<br>王信實
蔡昇諭
關鍵詞: 內部資訊
內部人
董監事
經營團隊
IPO
日期: 2016
上傳時間: 1-Jul-2016
摘要: 本研究透過各公司之自然人、創投、法人和國發基金董監事與經營團隊變動,探討四者之董監事與經營團隊在IPO之後是否因為內部資訊掌握差異,所造成的經營團隊結構改變。實證結果發現在IPO之後四者都有明顯的變動,故推斷依照基本特性推斷以下四個結果:(1)內部自然人的確有利用內部資訊進行IPO後拋開經營權之嫌;(2) 創投因為其本身就為獲利導向,故其是否利用內部資訊退場無法下定論,但可知道創投確實在IPO之後會在短時間內退場;(3) 企業法人因其介入目的大多為策略導向,故其雖亦會利用內部資訊,但並非以賺取不公平獲利為導向;(4) 國發基金身帶政策性目的和進出有其目標設定,故內部資訊之應用並非重點。還有,內部人之關係連結確實會增強內部資訊之流動。
參考文獻: 一、中文文獻書籍\r\n1.林家毅 (2014),《人際網路與創投目標公司選擇之研究:以教育網路為例》。\r\n2.何哲睿 (2014),《社群網路與創投基金輔助之新創公司創新績效之研究:以教育網路為例》。\r\n3.項柏維 (2015),《影響新創公司長期表現之因素-以教育網絡為例. 2015.》。\r\n4.黃敬堡 (2015),《政治連結對於新創企業公開發行的影響: 以台灣創業投資產業為例.》。 \r\n5.戴欣宜 (2008),《台灣上市公司更名與盈餘管理之研究》。\r\n6.謝劍平 (2014):《現代投資銀行》。智勝文化事業股份有限公司\r\n二、英文文獻書籍\r\n1.Barnea, A., Haugen, R. A., & Senbet, L. W. (1981). Market imperfections, agency problems, and capital structure: a review. Financial management, 7-22.\r\n2.Block, Z., & Ian, C. (1993). MacMillan. 1993. Corporate Venturing. Harvard Business School Press, Boston, Massachusetts.\r\n3.Brealey, R., Leland, H. E., & Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation. The journal of Finance, 32(2), 371-387.\r\n4.Brunello, G., Graziano, C., & Parigi, B. (2000). Ownership or performance: what determines board of directors` turnover in Italy?.\r\n5.Carter, M. L., Mansi, S. A., & Reeb, D. M. (2003). Quasi-private information and insider trading. Financial Analysts Journal, 59(3), 60-68.\r\n6.Cohen, L., Frazzini, A., & Malloy, C. (2008). The small world of investing: The use of social networks in bank decision-making. Journal of Political Economy,116(5), 951-979.\r\n7.Degeorge, F., & Zeckhauser, R. (1993). The reverse LBO decision and firm performance: Theory and evidence. The Journal of Finance, 48(4), 1323-1348.\r\n8.Falkenstein, E. G. (1996). Preferences for stock characteristics as revealed by mutual fund portfolio holdings. The Journal of Finance, 51(1), 111-135.\r\n9.Gispert, C. (1998). Board turnover and firm performance in Spanish companies.Investigaciones Económicas, 22(3), 517-536.\r\n10.Gompers, P. A. (2002). Corporations and the financing of innovation: the corporate venturing experience. Economic Review-Federal Reserve Bank of Atlanta, 87(4), 1.\r\n11.Gompers, P. A., & Lerner, J. (1999). What drives venture capital fundraising?(No. w6906). National bureau of economic research.\r\n12.Gunz, H. P., & Jalland, R. M. (1996). Managerial careers and business strategies. Academy of Management Review, 21(3), 718-756.\r\n13.Heilmeier, G. H. (1993). Room for whom at the top? Promoting technical literacy in the executive suite. Research Technology Management, 36(6), 27.\r\n14.Macmillan, I., Roberts, E., Livada, V., & Wang, A. (2008). Corporate venture capital (CVC): Seeking innovation and strategic growth. National Institute of Standards and Technology, US Department of Commerce.\r\n15.Markham, S. K., Gentry, S. T., Hume, D., Ramachandran, R., & Kingon, A. I. (2005). Strategies and tactics for external corporate venturing. Research-Technology Management, 48(2), 49-59.\r\n16.Patrick, L. I. L. E. S. (1974). Who are the entrepreneurs. MSU Business Topics, (22), 5-1\r\n17.Peng, M. W., Lu, Y., Shenkar, O., & Wang, D. Y. (2001). Treasures in the China house: A review of management and organizational research on Greater China.Journal of Business Research, 52(2), 95-110.\r\n18.Rind, K. W. (1981). The role of venture capital in corporate development.Strategic Management Journal, 2(2), 169-180.\r\n19.Rubel S. M., (1972), “Guide to Venture Capital Sources”, Capital Publishing Corportion, pp.9\r\n20.Ruhnka, J. C., & Young, J. E. (1987). A venture capital model of the development process for new ventures. Journal of Business venturing, 2(2), 167-184.\r\n21.Sagari, S. B., & Guidotti, G. (1992). Venture Capital: Lessons form the Developed World for the Developing Countries (No. 13).\r\n22.Schipper, K. (1989). Commentary on earnings management. Accounting horizons, 3(4), 91-102.\r\n23.Teoh, S. H., Welch, I., & Wong, T. J. (1998). Earnings management and the long‐run market performance of initial public offerings. The Journal of Finance,53(6), 1935-1974.
描述: 碩士
國立政治大學
經濟學系
103258031
資料來源: http://thesis.lib.nccu.edu.tw/record/#G0103258031
資料類型: thesis
Appears in Collections:學位論文

Files in This Item:
File SizeFormat
index.html115 BHTML2View/Open
Show full item record

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.