博碩士論文 964201011 完整後設資料紀錄

DC 欄位 語言
DC.contributor企業管理學系zh_TW
DC.creator羅耀宗zh_TW
DC.creatorYao-Tsung Loen_US
dc.date.accessioned2009-11-13T07:39:07Z
dc.date.available2009-11-13T07:39:07Z
dc.date.issued2009
dc.identifier.urihttp://ir.lib.ncu.edu.tw:88/thesis/view_etd.asp?URN=964201011
dc.contributor.department企業管理學系zh_TW
DC.description國立中央大學zh_TW
DC.descriptionNational Central Universityen_US
dc.description.abstract在控制股東和公司其他利害關係人間的資訊不對稱會引發道德風險以及逆選擇的 問題,進而增加投資人的代理風險。好的公司治理機制,能夠監督管理者並且改善資訊 品質。本篇論文把焦點著重在公司管理當局以及債權人間的代理問題。這篇研究的主要 目的是要探討公司股權結構和負債資金成本間的關係。實證結果發現,最終控制股東所 持有的現金流量權比例和負債資金成本有負向的關係,另外我們也發現,投票權的持有 比例以及投票權對現金流量權的背離程度,兩者皆和負債資金成本有正向的關係。 zh_TW
dc.description.abstractInformation asymmetry between controlling group and other stakeholders will induce moral hazard and adverse selection, which increase the agency risk bearing by investors. Good corporate governance may be a path to monitor the management as well as improve information quality. This paper focuses on the agency problem between management and bondholders. The primary objective of this study is to explore the association between ownership structure and the cost of debt financing. We find that the level of cash flow rights held by the ultimate controlling owners is negatively related to the cost of debt. We also find that the level of the divergence between voting and cash flow rights is positively related to the cost of debt financing. en_US
DC.subject股權結構zh_TW
DC.subject公司治理zh_TW
DC.subject債務成本zh_TW
DC.subject信用評等zh_TW
DC.subjectCost of debten_US
DC.subjectCredit ratingsen_US
DC.subjectCorporate governanceen_US
DC.subjectOwnership structureen_US
DC.title股權結構和負債資金成本關係之研究zh_TW
dc.language.isozh-TWzh-TW
DC.titleCorporate Ownership Structure and the Cost od Debt: Evidence from Taiwanen_US
DC.type博碩士論文zh_TW
DC.typethesisen_US
DC.publisherNational Central Universityen_US

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