| dc.contributor.advisor | 陳隆麒<br>沈中華 | zh_TW |
| dc.contributor.advisor | Chen, Long-Chie<br>Shen, Chung-Hua | en_US |
| dc.contributor.author (作者) | 丁秀儀 | zh_TW |
| dc.contributor.author (作者) | Ting, Hsiu-I | en_US |
| dc.creator (作者) | 丁秀儀 | zh_TW |
| dc.creator (作者) | Ting, Hsiu-I | en_US |
| dc.date (日期) | 2003 | en_US |
| dc.date.accessioned | 18-九月-2009 13:22:32 (UTC+8) | - |
| dc.date.available | 18-九月-2009 13:22:32 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-九月-2009 13:22:32 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0089355510 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/34938 | - |
| dc.description (描述) | 博士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 企業管理研究所 | zh_TW |
| dc.description (描述) | 89355510 | zh_TW |
| dc.description (描述) | 92 | zh_TW |
| dc.description.abstract (摘要) | 本研究採1992年至2002年首度上市的樣本公司為研究樣本，並依據同產業規模相當且上市五年以上的原則挑選配對公司，檢驗公司治理、經營績效與機構投資人投資行為之關聯性。與先前研究不同之處在於，本研究深入探討公司治理對經營績效的影響，解釋在不同經濟條件與公司特性下，將影響公司治理機制效率的發揮，使公司治理與績效呈正相關。本研究利用樣本公司上市當時的公司治理變數，檢驗公司治理對上市後半年的會計績效影響與上市後30天、90天與180天的市場報酬，再進而驗證經營績效對上市後一年機構投資人投資行為的影響，此外，並比較有價證券上市審查準則規定前後的公司，在公司治理與經營績效上是否有差異。透過相關分析、T檢定、迴歸分析與聯立方程式，檢驗三大研究假說，實證結果獲得以下主要結論：1.樣本公司與配對公司的特性樣本公司的公司治理機制較健全，會計績效表現也較佳。2.公司治理程度不同的公司特性公司治理程度高的公司其市場績效表現較佳，且年齡較小。3.景氣與產業，對公司治理與經營績效關聯性的影響產業特性會加強公司治理程度對會計績效的影響；經濟景氣，會加強公司治理程度對市場績效的影響。4.當經濟景氣差、代理成本高與轉投資家數多時，更突顯公司治理的重要性，公司治理對績效有正向的影響5.無參與管理的公司，更突顯公司治理的效果，公司治理對績效有正向的影響6.機構投資人持股比例與週轉率呈正相關7.經營績效與機構投資人投資行為呈正相關市場績效對機構投資人持股比例有正向的影響；會計績效對機構投資人週轉率也有正向的影響，顯示績效與機構投資人投資行為呈正相關。8.法令規範後，公司治理與經營績效表現較佳9.金融業的公司治理表現較佳 | zh_TW |
| dc.description.abstract (摘要) | This paper examines the relationship between the corporate governance, firm performance, and institutional behavior of Taiwanese TSE-listed companies from 1992 to 2002. This paper approves the positive effects of corporate governance to firm performance, and firm performance to institutional behavior as well. Different from the previous studies, this paper addresses the importance of corporate governance under poorer economic conditions, higher agency costs, and a more complicated company structure. Corporate governance mechanism could work effectively when the executives of companies realize the importance of the corporate governance. | en_US |
| dc.description.tableofcontents | 第壹章 緒論 1第一節 研究動機與目的 4第二節 研究範圍與限制 15第三節 研究流程與論文架構 19第貳章 文獻探討與個案分析 24第一節 代理理論與資訊不對稱 25第二節 公司治理 31第三節 公司治理與代理問題 43第四節 公司治理與經營績效 48第五節 機構投資人投資行為 56第六節 個案分析 60第參章 研究設計 64第一節 實證架構與研究假說 65第二節 資料來源與樣本選取 74第三節 研究變數操作性定義 76第四節 實證分析方法 81第肆章 實證結果分析 87第一節 樣本資料敘述統計分析 88第二節 公司治理與經營績效分析 100第三節 經營績效與機構投資人投資行為分析 129第四節 公司治理、經營績效與機構投資人投資行為分析 138第五節 法令規範對公司治理與經營績效的影響 151第六節 金融業的公司治理 152第七節 穩健性檢驗 155第八節 實證結果與涵義 160第伍章 結論與建議 165第一節 結論 166第二節 建議 170參考文獻 173中文部分 173英文部分 176附錄 184 | zh_TW |
| dc.format.extent | 44536 bytes | - |
| dc.format.extent | 70165 bytes | - |
| dc.format.extent | 98362 bytes | - |
| dc.format.extent | 237497 bytes | - |
| dc.format.extent | 299693 bytes | - |
| dc.format.extent | 197800 bytes | - |
| dc.format.extent | 480020 bytes | - |
| dc.format.extent | 134262 bytes | - |
| dc.format.extent | 176545 bytes | - |
| dc.format.extent | 262650 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0089355510 | en_US |
| dc.subject (關鍵詞) | 代理成本 | zh_TW |
| dc.subject (關鍵詞) | 公司治理 | zh_TW |
| dc.subject (關鍵詞) | 經營績效 | zh_TW |
| dc.subject (關鍵詞) | 機構投資人投資行為 | zh_TW |
| dc.subject (關鍵詞) | 機構投資人持股週轉率 | zh_TW |
| dc.subject (關鍵詞) | Agency Cost | en_US |
| dc.subject (關鍵詞) | Corporate Governance | en_US |
| dc.subject (關鍵詞) | Firm Performance | en_US |
| dc.subject (關鍵詞) | Institutional Behavior | en_US |
| dc.subject (關鍵詞) | Institutional Turnover | en_US |
| dc.title (題名) | 上市公司公司治理,經營績效與機構投資人投資行為關聯性之研究 | zh_TW |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | 一、 中文部分 | zh_TW |
| dc.relation.reference (參考文獻) | 王玉珍，2002，股權結構、董事會組成、資本結構與企業績效關係之研究，國立中央大學企業管理研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 王偉年，1997，影響機構投資人下單策略之因素分析，國立中正大學財務金融學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 方國光，2002，公司治理與經營績效之實證研究—以上海證券交易所上市公司為例，國立台北大學會計學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 江淑雯，1996，機構投資人持股偏好因素之探討─以國內開放式股票型基金為例，輔仁大學金融研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 吳岳忠，2003，機構投資人、公司治理與公司價值之研究—以台灣電子業為例，東吳大學企業管理學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 李光輝、歐興祥與張炳耀，2000，外資對我國股市互動關係之探討，中央銀行季刊，第22卷第4期，67-79頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 李楚元，2003，金融機構公司治理之研究—個案分析，輔仁大學金融研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 杜淑玲，2002，科技公司之代理問題與公司監理之探討—以台灣個案公司為例，國立台灣大學財務金融研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 阮呂艷，1997，外國專業投資機構投資策略與會計資訊關係之研究，國立政治大學會計學研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 周行一、陳錦村與陳坤宏，1996，家族持股、聯屬持股與公司價值之研究，中國財務學刊，第4卷第1期，115-139頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 何淑瑜，2003，台灣監察人監督績效之研究，國立中正大學財務金融研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 林炎會，1995，外資對台灣證券市場股價之影響，中興大學企業管理研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 林美花，2001，董事會與公司監理之美國經驗，會計研究月刊，第187卷，130-136頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 林修葳、郭炳伸與田慧琦，1997，外資買賣短期市場衝擊與長期績效之研究，Proceedings of the 6th Annual Conference on the Theories and Practices of Security and Financial Markets. | zh_TW |
| dc.relation.reference (參考文獻) | 邱秀清，2003，公司治理與公司價值—中國大陸證券市場之實證研究，中國文化大學國際企業管理研究所未出版博士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 邱寶桂，2003，IPOs公司掛牌後股價表現影響因素之研究，淡江大學財務金融學系碩士在職專班未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 柯承恩，2000，我國公司治理體系之問題與改進建議，會計研究月刊，第173期，75-81頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 俞海琴與周本鄂，1994，台灣地區上市公司董監事、關係人持股比率與公司扥賓Q關係之研究，管理評論，第13卷第1期，79-98頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 翁英傑，1996，自營商及外資之投資行為研究，輔仁大學金融研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 高妮瑋，2000，機構投資人持股偏好與績效之研究，國立中正大學會計學研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 高蘭芬，2002，董監事股權質押之代理問題對會計資訊與公司績效之影響，國立成功大學會計學系未出版博士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 張天立，2002，以股權結構探討新上市公司競價拍賣投標者行為與上市折價發行之現象，國立政治大學財務管理學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 郭敏華與紀鈞中，2000，亞洲金融風暴前後外資投資行為暨報酬差異之探討，管理評論，第19卷第1期，81-118頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 陳從聖，2003，公司治理、高階管理者更迭與企業價值關係之研究，國立中正大學企業管理研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 陳俊明，1996，共同基金持股偏好之研究，國立中正大學財務金融學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 黃佩鈴，2001，商業銀行的股權結構、核心代理問題與盈餘傳遞效果，國立中央大學財務管理研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 黃世鈞，2003，外部公司治理對新任總經理研發支出影響之實證研究，國立中正大學會計學研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 黃忠傑，2002，初次上市櫃股票異常報酬影響因素之研究—以台灣地區電子業上市櫃公司為例，大葉大學事業經營研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 黃金蓮，2001，台灣上市(櫃)企業財務績效與外資持股比例之關聯性研究，中原大學會計學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 葉月女，2003，我國證券市場三大機構投資人與一般投資人對股市波動性影響之探，淡江大學財務金融學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 葉銀華，2002，透過實踐股東行動主義健全公司治理機制，會計研究月刊，205期，14-16頁。 | zh_TW |
| dc.relation.reference (參考文獻) | 葉銀華、李存修和柯承恩，2002，公司治理與評等系統，商智文化。 | zh_TW |
| dc.relation.reference (參考文獻) | 劉綠萍，2004，董監事股權質押的代理問題與公司價值關聯性之研究，國立台北大學企業管理學系未出版博士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 劉慧欣，1998，外國機構投資人交易策略及交易行為對我國股市衝擊之研究，國立政治大學財務管理研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 蔡寶美，2003，公司治理與自由裁量費用關係之實證，國立高雄第一科技大學金融營運所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 洪雲萍，2003，獨立董事聘任制度探討—以賽局論分析，國立台灣大學財務金融學研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 許至榮，1997，代理成本、股利政策、負債比率與管理者持股比率之關係研究，雲林科技大學企業管理學系未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | 二、 英文部分 | zh_TW |
| dc.relation.reference (參考文獻) | Agrawal, A., and C. R. Knoeber, 1996, “Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders,” Journal of Financial and Quantitative Analysis 31, 377-397. | zh_TW |
| dc.relation.reference (參考文獻) | Akerlof, G., 1970, “The Market for Lemons: Quality Uncertainty and the Market Mechanism,” Quarterly Journal of Economics, 89, 488-500. | zh_TW |
| dc.relation.reference (參考文獻) | Alkhafaji, A. F., 1990, “Effective Board of Directors: An Overview,” Industrial Management and Data System, 90, 18-26. | zh_TW |
| dc.relation.reference (參考文獻) | Allen, J. W., and G. M. Phillips, 2000, “Corporate Equity Ownership, Strategic Alliances, and Product Market Relationships,” Journal of Finance, 55, 2791-2816. | zh_TW |
| dc.relation.reference (參考文獻) | Anderson, D., J. Francis, and D. Stoke, 1993, “Auditing, Directorship and the Demand for Monitoring,” Journal of Accounting and Public Policy, 12, 353-375. | zh_TW |
| dc.relation.reference (參考文獻) | Ang, J., R. Cole, and J. Lin, 1999, “Agency Costs and Ownership Structure,” Journal of Finance, 55, 81-106. | zh_TW |
| dc.relation.reference (參考文獻) | Baber, W. R., S. N. Janakiraman, and S-H Kang, 1996, “Investment Opportunities and the Structure of Executive Compensation,” Journal of Accounting and Economics, 21, 297-318. | zh_TW |
| dc.relation.reference (參考文獻) | Baliga, B. R., R. C. Moyer, and R. S. Ramesh, 1996, “CEO Duality and Firm Performance: What`s the Fuss?” Strategic Management Journal, 17, 41-53. | zh_TW |
| dc.relation.reference (參考文獻) | Barclay, M. J., and C. W. Smith, 1995, “The Maturity Structure of Corporate Debt,” Journal of Finance, 50, 609-631. | zh_TW |
| dc.relation.reference (參考文獻) | Barnea, A., R. A. Haugen, and L. W. Senbet, 1981, “Market Imperfections, agency Problems and Capital Structure: a Review,” Financial Management, 10, 7-21. | zh_TW |
| dc.relation.reference (參考文獻) | Baysinger, B. D., and R. E. Hoskisson, 1990, “The Composition of Board of Directors and Strategic Control: Effects on Corporate Strategy,” Academy of Management Review, 15, 72-87. | zh_TW |
| dc.relation.reference (參考文獻) | Beatty, R. P., and E. J. Zajac, 1987, “CEO Change and Firm Performance in Large Corporations: Succession Effects and Manager Effects,” Strategic Management Journal, 8, 305-317. | zh_TW |
| dc.relation.reference (參考文獻) | Berle, A. and G. C. Means, 1932, The Modern Corporation and Private Property, New York: MacMillan. | zh_TW |
| dc.relation.reference (參考文獻) | Borokhovich, K. A., R. Parrino, and T. Trapani, 1996, “Outside Directors and CEO Selection,” Journal of Financial and Quantitative Analysis, 31, 337-355. | zh_TW |
| dc.relation.reference (參考文獻) | Brickley, J. A., J. L. Coles, and G. Jarrell, 1997, “Leadership Structure: Separating the CEO and Chairman of the Board,” Journal of Corporate Finance, 3, 189-220. | zh_TW |
| dc.relation.reference (參考文獻) | Brown, J., 2001, “A Corporate Governance Shortfall,” Euromoney, 385, 6. | zh_TW |
| dc.relation.reference (參考文獻) | Brunello, G., C. Graziano, and B. M. Parig, 2003, “CEO Turnover in Insider-Dominated Boards: The Italian Case,” Journal of Banking and Finance, 27, 1027-1051. | zh_TW |
| dc.relation.reference (參考文獻) | Cadbury, A., 1999, “What are the Trends in Corporate Governance? How will They Impact Your Company?” Long Range Planning, 32, 12-19. | zh_TW |
| dc.relation.reference (參考文獻) | Carleton. W. T., J. A. Nelson, and M. S. Weisbach, 1998, “The Influence of Institutions on Corporate Governance through Private Negotiations: Evidence from Tiaa-Cref,” Journal of Finance, 53, 1335-1362. | zh_TW |
| dc.relation.reference (參考文獻) | Chen, C. R., W. Guo, and V. Mande, 2003, “Managerial Ownership and Firm Valuation: Evidence from Japanese Firms,” Pacific-Basin Finance Journal, 11, 267-283. | zh_TW |
| dc.relation.reference (參考文獻) | Chidambaran, N. K., and N. R. Prabhala, 2003, “Executive Stock Option Repricing, Internal Governance Mechanisms, and Management Turnover,” Journal of Financial Economics, 69, 153-189. | zh_TW |
| dc.relation.reference (參考文獻) | Cho, M-H, 1998, “Ownership Structure, Investment, and the Corporate Value: an Empirical Analysis,” Journal of Financial Economics, 47, 103-121. | zh_TW |
| dc.relation.reference (參考文獻) | Choi, W-Y, and S. H. Cho, 2003, “Shareholder Activism in Korea: An Analysis of PSPD’s Activities,” Pacific-Basin Finance Journal, 11, 349-363. | zh_TW |
| dc.relation.reference (參考文獻) | Chung, K. H., and S. W. Pruitt, 1994, “A Simple Approximation of Tobin’s Q,” Financial Management, 23, 70-74. | zh_TW |
| dc.relation.reference (參考文獻) | Claessens, S., S. Djankov, J. Fan, and H. P. Lang, 2002, “Disentangling the Incentive and Entrenchment Effects of Large Shareholdings,” Journal of Finance, 57, 2741-2770. | zh_TW |
| dc.relation.reference (參考文獻) | Claessens, S., S. Djankov, J. Fan, and L. H. P. Lang, 1999, “Expropriation on Minority Shareholders: Evidence from East Asia,” Policy research working paper 2088, The World Bank. | zh_TW |
| dc.relation.reference (參考文獻) | Collins, D. W., and S. P. Kothari, 1989, “An Analysis of the Inter-Temporal and Cross-Sectional Determinants of Earning Response Coefficients,” Journal of Accounting and Economics, 11, 143-181. | zh_TW |
| dc.relation.reference (參考文獻) | Cooke, T. E., 1991, “An Assessment of Voluntary Disclosure in the Annual Reports of Japanese Corporations,” The International Journal of Accounting, 26, 174-189. | zh_TW |
| dc.relation.reference (參考文獻) | Coughlan, A., and R. Schmidt, 1985, “Executive Compensation, Management Turnover, and Firm Performance: An Empirical Investigation,” Journal of Accounting and Economics, 7, 43-66. | zh_TW |
| dc.relation.reference (參考文獻) | Dahlquist, M., and G. Robertsson, 2001, “Direct Foreign Ownership, Institutional Investors, and Firm Characteristics,” Journal of Financial Economics, 59, 413-440. | zh_TW |
| dc.relation.reference (參考文獻) | DeFond M. L., and C. W. Park, 1999, “The Effect of Competition on CEO Turnover,” Journal of Accounting and Economics, 27, 35-56. | zh_TW |
| dc.relation.reference (參考文獻) | Del Guercio, D., and J. Hawkins, 1999, “The Motivation and Impact of Pension Fund Activism,” Journal of Financial Economics, 52, 293-340. | zh_TW |
| dc.relation.reference (參考文獻) | Dewenter, K. L., and V. A. Warther, 1998, “Dividends, Asymmetric Information and Agency Conflicts: Evidence from a Comparison of the Dividend Policy of Japanese and US Firms,” The Journal of Finance, 53, 879-904. | zh_TW |
| dc.relation.reference (參考文獻) | Eisenberg, T., S. Sundgren, and M. Wells, 1998, “Larger Board Size and Decreasing Firm Value in Small Firms,” Journal of Financial Economics, 48, 35-54. | zh_TW |
| dc.relation.reference (參考文獻) | Eisenhardt, K. M.,1989, “Agency Theory: an Assessment and Review,” Academy of Management Review, 14, 57-74. | zh_TW |
| dc.relation.reference (參考文獻) | Elston, J. A., and L. G. Goldberg, 2003, “Executive Compensation and Agency Costs in Germany,” Journal of Banking and Finance, 27, 1391-1410. | zh_TW |
| dc.relation.reference (參考文獻) | Falkenstein, E. G., 1996, “Preference for Stock Characteristics as Revealed by Mutual Fund Portfolio Holdings,” Journal of Finance, 51, 111-135. | zh_TW |
| dc.relation.reference (參考文獻) | Fama, E.F., 1980, “Agency Problems and the Theory of the Firm,” Journal of Political Economy, 88, 288-307. | zh_TW |
| dc.relation.reference (參考文獻) | Fama, E.F., and M.C. Jensen, 1983, “Agency Problem and Residual Claims,” Journal of Law and Economics, 26, 327-350. | zh_TW |
| dc.relation.reference (參考文獻) | Faugere, C., and H. A. Shawky, 2003, “Volatility and Institutional Investor Holdings in a Declining Market: A Study of Nasdaq during the Year 2000,” Journal of Applied Finance, 13, 32-42. | zh_TW |
| dc.relation.reference (參考文獻) | Felton, R. F., 1997, “Putting a Value on Governance,” Directors and Boards, 21, 44-47. | zh_TW |
| dc.relation.reference (參考文獻) | Furtado, E. P. H., and M. S. Rozeff, 1987, “The Wealth Effects of Company Initiated Management Changes,” Journal of Financial Economics, 18, 147-160. | zh_TW |
| dc.relation.reference (參考文獻) | Gaver, J. J., and K. M. Gaver, 1993, “Additional Evidence on the Association between the Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies,” Journal of Accounting and Economics, 16, 125-160. | zh_TW |
| dc.relation.reference (參考文獻) | Gay, G. D., and J. Nam, 1998, “The Underinvestment Problem and Corporate Derivatives Use,” Financial Management, 27, 53-69. | zh_TW |
| dc.relation.reference (參考文獻) | Gibson, M. S., 2003, “Is Corporate Governance Ineffective in Emerging Markets?” Journal of Financial and Quantitative Analysis, 38, 231-250. | zh_TW |
| dc.relation.reference (參考文獻) | Gillan, S. L., and L. T. Starks, 2000, “Corporate Governance Proposals and Shareholder Activism: the Role of Institutional Investors,” Journal of Financial Economics, 57, 275-305. | zh_TW |
| dc.relation.reference (參考文獻) | Gladstein, D. J., 1984, “Group in Context: A Model of Task Group Effectiveness,” Administrative Science Quarterly, 29, 499-517. | zh_TW |
| dc.relation.reference (參考文獻) | Goergen, M., and L. Renneboog, 2000, “Insider Control by Large Investor Groups and Managerial Disciplining in Listed Belgian Companies,” Managerial Finance, 26, 22-41. | zh_TW |
| dc.relation.reference (參考文獻) | Gompers, P.A., and A. Metrick, 2001, “Institutional Investors and Equity Prices,” Quarterly Journal of Economics, 116, 229-259. | zh_TW |
| dc.relation.reference (參考文獻) | Goyal, V. K., K. Lehn, and S. Racic, 2002, “Growth Opportunities and Corporate Debt Policy: the Case of the U.S. Defense Industry,” Journal of Financial Economics, 64, 35-69. | zh_TW |
| dc.relation.reference (參考文獻) | Guesneric, R., P. Piard and P. Rey, 1988, “Adverse Selection and Moral Hazard with Risk Neutral Agents,” European Economic Review, 33, 807-823. | zh_TW |
| dc.relation.reference (參考文獻) | Gugler, K., 2003, “Corporate Governance, Dividend Payout Policy, and the Interrelation between Dividends, R&D, and Capital Investment,” Journal of Banking and Finance, 27, 1297-1321. | zh_TW |
| dc.relation.reference (參考文獻) | Hermalin, B., and M. Weisbach, 1988, “The Determinants of Board Composition,” Rand Journal of Economics, 19, 589-606. | zh_TW |
| dc.relation.reference (參考文獻) | Hessel, C. A., and M. Norman, 1992, “Financial Characteristics of Neglected and Institutionally Held Stocks,” Journal of Accounting, Auditing & Finance, 7, 313-334 | zh_TW |
| dc.relation.reference (參考文獻) | Hossain, M., M. H. B. Perera, and A. R. Rahman, 1995, “Voluntary Disclosure in the Annual Report of New Zealand Companies,” Journal of International Financial Management and Accounting, 6, 69-85. | zh_TW |
| dc.relation.reference (參考文獻) | Huson, M. R., R. Parrino, and L. T. Starks, 2001, Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective,” Journal of Finance, 61, 2265-2297. | zh_TW |
| dc.relation.reference (參考文獻) | Jensen, M., and W. Meckling, 1976, “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure,” Journal of Financial Economics, 3, 305-360. | zh_TW |
| dc.relation.reference (參考文獻) | Jensen, M., 1993, “Presidential Address: The Modern Industrial Revolution, Exit and the Failure of Internal Control Systems,” Journal of Finance, 48, 831-880. | zh_TW |
| dc.relation.reference (參考文獻) | Jewell, L. N., and H. J. Reitz, 1981, “Group Effectiveness in Organizations,” Scott-Foresman, Glenview, IL. | zh_TW |
| dc.relation.reference (參考文獻) | Joh, S. W., 2003, “Corporate Governance and Firm Profitability: Evidence from Korea before the Economic Crisis,” Journal of Financial Economics, 68, 287-322. | zh_TW |
| dc.relation.reference (參考文獻) | Johnson, S., P. Boone, A. Breach, and E. Friedman, 2000, “Corporate Governance in the Asian Financial Crisis,” Journal of Financial Economics, 58, 141-186. | zh_TW |
| dc.relation.reference (參考文獻) | Joseph, F. P. H. and T. J. Wang, 2000, “Corporate Ownership Structure and the Information of Accounting Earnings in East Asian,” Working paper, Hong Kong University of Science and Technology. | zh_TW |
| dc.relation.reference (參考文獻) | Kang, J. K., and R. M. Stulz, 1997 “Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan,” Journal of Financial Economics, 46, 3-28. | zh_TW |
| dc.relation.reference (參考文獻) | Kallapur, S., and M. A. Trombley, 1999, “The Association between Investment Opportunity Set Proxies and Realized Growth,” Journal of Business and Accounting, 26, 505-519. | zh_TW |
| dc.relation.reference (參考文獻) | Kaplan, S. N., 1994, “Corporate Governance in Germany, Japan and the U.S.: a Comparison,” Research in International Business and Finance, 12, 253-260. | zh_TW |
| dc.relation.reference (參考文獻) | Kim, B., and I. Lee, 2003, “Agency Problems and Performance of Korean Companies during the Asian Financial Crisis: Chaebol vs. Non-Chaebol Firms,” Pacific-Basin Finance Journal, 11, 327-348. | zh_TW |
| dc.relation.reference (參考文獻) | Leland, H., and D. Pyle, 1977, “Information Asymmetries, Financial Structure, and Financial Intermediation,’’ Journal of Finance, 32, 371-387. | zh_TW |
| dc.relation.reference (參考文獻) | La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. W. Vishny, 1998, “Law and Finance,” Journal of Political Economy, 106, 1113-1155. | zh_TW |
| dc.relation.reference (參考文獻) | La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. W. Vishny, 2002, “Investor Protection and Corporate Valuation,” Journal of Finance, 57, 1147-1170. | zh_TW |
| dc.relation.reference (參考文獻) | La Porta, R., F. Lopez-de-Silanes, and A. Shleifer, 1999, “Corporate Ownership around the World,” Journal of Finance, 54, 471-517. | zh_TW |
| dc.relation.reference (參考文獻) | Lang, H. P., R. M. Stulz, and R. A. Walking, 1989, “Managerial Performance, Tobin’s Q and the Gains from Successful Tender Offers,” Journal of Financial Economics, 24, 137-154. | zh_TW |
| dc.relation.reference (參考文獻) | Leland, H. and D. H. Pyle, 1977, “Information Asymmetric, Financial Structure and Financial Intermediation,” Journal of Finance, 32, 371-388. | zh_TW |
| dc.relation.reference (參考文獻) | Lemmon, M. L., and K. V. Lins, 2003, “Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis,” The Journal of Finance, 58, 1445-1468. | zh_TW |
| dc.relation.reference (參考文獻) | Lin, C. H., and C-Y Shiu, 2003, “Foreign Ownership in the Taiwan Stock Market—an Empirical Analysis,” Journal of Multinational Financial Management, 13, 19-41. | zh_TW |
| dc.relation.reference (參考文獻) | Lindenberg, E. B., and S. A. Ross, 1981, “Tobin’s Q Ratio and Industrial Organization,” Journal of Business, 54, 1-32. | zh_TW |
| dc.relation.reference (參考文獻) | Lins, K. V., 2003, “Equity Ownership and Firm Value in Emerging Markets,” Journal of Financial and Quantitative Analysis, 38, 159-184. | zh_TW |
| dc.relation.reference (參考文獻) | Lipton, M., and J. Lorsch, 1992, “A Modest Proposal for Improved Corporate Governance,” Business Lawyer, 48, 59-77. | zh_TW |
| dc.relation.reference (參考文獻) | Mangel, R., and H. Singh, 1993, “Ownership Structure, Board Relationship and CEO Compensation in Large U.S. Corporations,” Accounting and Business Research, 23, 339-350. | zh_TW |
| dc.relation.reference (參考文獻) | McConnell, J. J., and H. Servaes, 1990, “Additional Evidence on Equity Ownership and Corporate Value,” Journal of Financial Economics, 27, 595-612. | zh_TW |
| dc.relation.reference (參考文獻) | McConnell, J. J., and H. Servaes, 1995, “Equity Ownership and Two Factors of Debt,” Journal of Financial Economics, 37, 131-157. | zh_TW |
| dc.relation.reference (參考文獻) | Meek, G. K., C. B. Roberts, and S. J. Gray, 1995, “Factors Influencing Voluntary Annual Report Disclosure by U.S., U.K. and Continental European Multinational Corporations,” Journal of International Business Studies, 26, 555-572. | zh_TW |
| dc.relation.reference (參考文獻) | Mehran, H., 1995, “Executive Compensation Structure, Ownership, and Firm Performance,” Journal of Financial Economics, 38, 163-184. | zh_TW |
| dc.relation.reference (參考文獻) | Merton, R. C. A., 1987, “Simple Model of Capital Market Equilibrium with Incomplete Information,” Journal of Finance, 42, 483-510. | zh_TW |
| dc.relation.reference (參考文獻) | Millestein, I. M., and P. W. MacAvoy, 1998, “The Active Board of Directors and Performance of the Large Publicly Traded Corporation,” Columbia Law Journal, 98, 1283-1321. | zh_TW |
| dc.relation.reference (參考文獻) | Mitton, T., 2002, “A Cross-Firm Analysis of the Impact of Corporate Governance on the East Asian Financial Crisis,” Journal of Financial Economics, 64, 215-241. | zh_TW |
| dc.relation.reference (參考文獻) | Morck, R., A. Shleifer, and R. W. Vishny, 1988, “Management Ownership and Market Valuation: An Empirical Analysis,” Journal of Financial Economics, 20, 193-315. | zh_TW |
| dc.relation.reference (參考文獻) | Olson, M., 1982, “The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rgidities,” Yale University Press, New Haven, CT. | zh_TW |
| dc.relation.reference (參考文獻) | Parrino, R., 2002, “Rewrapping the Package: Managerial Incentive and Corporate Governance,” Texas Business Review, 1-5. | zh_TW |
| dc.relation.reference (參考文獻) | Parrino, R., R. W. Sias, L. T. Starks, 2003, “Voting with their feet: Institutional Ownership Changes around Forced CEO Turnover,” Journal of Financial Economics, 68, 3-46. | zh_TW |
| dc.relation.reference (參考文獻) | Patton, A., and J. C. Baker, 1987, “Why Don’t Directors Rock the Boat?” Harvard Business Review, 65, 10-18. | zh_TW |
| dc.relation.reference (參考文獻) | Pearce, J., and S. Zahra, 1992, “Board Composition from a Strategic Contingency Perspective,” Journal of Management Studies, 29, 411-438. | zh_TW |
| dc.relation.reference (參考文獻) | Pfeffer, J., 1973, “Size Composition and Functions of Hospital Boards of Directors: A Study of Organization-Environment Linkage,” Administrative Science Quarterly, 18, 394-364. | zh_TW |
| dc.relation.reference (參考文獻) | Pi, L., and S. G. Timme, 1993, “Corporate control and bank efficiency,” Journal of Banking and Finance, 17, 515-530. | zh_TW |
| dc.relation.reference (參考文獻) | Pound, J., 1988, “Proxy Contests and the Efficiency if Shareholder Oversight,” Journal of Financial Economics, 20, 237-265. | zh_TW |
| dc.relation.reference (參考文獻) | Renneboog, L., 2000, “Ownership, Managerial Control and the Governance of Companies Listed on the Brussels Stock Exchange,” Journal of Banking and Finance, 24, 1959-1999. | zh_TW |
| dc.relation.reference (參考文獻) | Rindova, V. P., 1999, “What Corporate Boards Have to Do with Strategy: a Cognitive Perspective,” Journal of Management Studies, 36, 953-975. | zh_TW |
| dc.relation.reference (參考文獻) | Rosenstein, S., and J.G. Wyatt, 1997, “Inside Directors, Board Effectiveness, and Sahreholder Weaoth,” Journal of Financial Economics, 44, 229-250. | zh_TW |
| dc.relation.reference (參考文獻) | Ross, S. A., 1977, “The Determination of Financial Structure: the Incentive Signaling Approach,” Bell Journal of Economics, 8, 209-243. | zh_TW |
| dc.relation.reference (參考文獻) | Shaw, M. E., 1981, “Group Dynamics: The Psychology of Small Group Behavior,” McGraw-Hill, New York. | zh_TW |
| dc.relation.reference (參考文獻) | Shleifer, A., and R. W. Vishny, 1986, “Large Shareholders and Corporate Control,” Journal of Political Economy, 94, 461-488. | zh_TW |
| dc.relation.reference (參考文獻) | Shome, D., and S. Singh, 1995, “Firm Value and External Blockholdings,” Financial Management, 24, 3-14. | zh_TW |
| dc.relation.reference (參考文獻) | Sias, R. W., Starks, and T. Laura, 1997, “Return Autocorrelation and Institutional Investors,” Journal of Financial Economics, 46, 103-131. | zh_TW |
| dc.relation.reference (參考文獻) | Singh, M., and W. N. Davidson Ⅲ, 2003, “Agency Costs, Ownership Structure and Corporate Governance Mechanism,” Journal of Banking and Finance, 27, 793-816. | zh_TW |
| dc.relation.reference (參考文獻) | Skinner, D. J., 1993, “The Investment Opportunity Set and Accounting Procedure Choice,” Journal of Accounting and Economics 16, 407-455. | zh_TW |
| dc.relation.reference (參考文獻) | Smith, C. W., and R. Watts, 1992, “The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policy,” Journal of Financial Economics, 32, 263-292. | zh_TW |
| dc.relation.reference (參考文獻) | Smith, M.P., 1966, “Shareholder Activism by Institutional Investors: Evidence from CalPERS,” Journal of Finance, 51, 227-252. | zh_TW |
| dc.relation.reference (參考文獻) | Spence, M., 1973, “Job Market Signaling,” Quarterly Journal of Economics, 87, 355-379. | zh_TW |
| dc.relation.reference (參考文獻) | Stulz, R., 1988, “Managerial Control of Voting Rights: Financing Policies and the Market for Corporate Control,” Journal of Financial Economics, 20, 25-54. | zh_TW |
| dc.relation.reference (參考文獻) | Su, Y., Y, Yeh, and C. Ko, 1998, “Auditor Choice in the Asia Emerging Market for the Conglomerate and Family-Controlled Companies,” in the Tenth Asian-Pacific Conference on International Accounting Issues, organized by the Sid Craig School of Business, California State University-Fresno, Maui, Hawaii, October. | zh_TW |
| dc.relation.reference (參考文獻) | Szewczyk, S. H., G. P. Tsetsekos, and Z. Zantout, 1996, “The Valuation of Corporate RandD Expenditures: Evidence from Investment Opportunities and Free Cash Flow,” Financial Management, 25, 105-110. | zh_TW |
| dc.relation.reference (參考文獻) | Titman, S., and R. Wessels, 1988, “The Determinants of Capital Structure Choice,” Journal of Finance, 43, 1-19. | zh_TW |
| dc.relation.reference (參考文獻) | Warner, J. B., R. L. Watts, and K. H. Wruck, 1988, “Stock Prices and Top Management Changes,” Journal of Financial Economics, 20, 461-492. | zh_TW |
| dc.relation.reference (參考文獻) | Weir, C., D. Laing, and P. J. McKnight, 2002, “Internal and External Governance Mechanisms: Their Impact on the Performance of Large UK Public Companies.” Journal of Business Finance and Accounting, 29, 579-611. | zh_TW |
| dc.relation.reference (參考文獻) | Weisbach, M. S., 1988, “Outside Directors and CEO Turnover,’ Journal of Financial Economics, 20, 431-460. | zh_TW |
| dc.relation.reference (參考文獻) | Williamson, O. E., 1963, “Managerial Discretion and Business Behavior,” The American Economic Review, 53, 1032-1057 | zh_TW |
| dc.relation.reference (參考文獻) | World Bank, 1999, “Corporate Governance: A Framework for Implementation- Overview,” The World Bank, Washington D. C. | zh_TW |
| dc.relation.reference (參考文獻) | Yafeh Y., and, O. Yosha, 2003, “Large Shareholders and Banks: Who Monitors and How?” The Economic Journal, 113, 128-146. | zh_TW |
| dc.relation.reference (參考文獻) | Yeh, Y. H., T. S., Lee, 2000, “Corporate Governance and Performance: the Case of Taiwan,” The Seventh Asia Pacific Finance Association Annual Conference, Shanghai (Third draft). | zh_TW |
| dc.relation.reference (參考文獻) | Yermack, D., 1996, “Higher Market Valuation of Companies with a Small Board of Directors,” Journal of Financial Economics, 40, 185-211. | zh_TW |
| dc.relation.reference (參考文獻) | Zeckhauser, R. J., and J. Pound, 1990, “Are Large Shareholders Effective Monitors? : An Investigation of Share Ownership and Corporate Performance,” Asymmetric Information. Corporate Finance, and Investment, (University of Chicago, IL) 149-180. | zh_TW |
