博碩士論文 102428023 詳細資訊




以作者查詢圖書館館藏 以作者查詢臺灣博碩士 以作者查詢全國書目 勘誤回報 、線上人數:11 、訪客IP:3.238.190.82
姓名 徐宇聲(Yu-sheng Hsu)  查詢紙本館藏   畢業系所 財務金融學系
論文名稱 外資持股比例與公司治理之關聯性
相關論文
★ 台灣建置碳排放權交易機制之分析★ 保險業如何建立創造公司、顧客及員工三贏的RFP商業模式 —以全球人壽為例
★ 在IAS 21:「匯率變動之影響」規範下,我國企業如何應用商業模 式選擇功能性貨幣之研究-以A公司為例★ 台灣銀行業如何改變商業模式以因應ECFA下之變局-以個案銀行為例
★ 公司發行可轉債之宣告與長期績效★ 申請上市櫃過程中股票價格之變化:來自興櫃市場的實證
★ 外資買賣超對個股之影響★ 文創產業之融資模式探討
★ 私募股權基金入股後對台灣金融業的影響★ 新舊承銷制度下首次公開發行公司盈餘管理之比較研究
★ 匯率風險與管理策略研究-以個案公司為例★ 商業銀行併購融資之契機
★ 我國證券商辦理離境證券業務與海外子公司業務之比較:以個案銀行券商為例★ 借殼公司之探討以台灣市場為例
★ 家族企業接班:專業經理人與家族成員之績效比較★ 本國銀行Basel III 資本適足率與流動性覆蓋率探討
檔案 [Endnote RIS 格式]    [Bibtex 格式]    [相關文章]   [文章引用]   [完整記錄]   [館藏目錄]   [檢視]  [下載]
  1. 本電子論文使用權限為同意立即開放。
  2. 已達開放權限電子全文僅授權使用者為學術研究之目的,進行個人非營利性質之檢索、閱讀、列印。
  3. 請遵守中華民國著作權法之相關規定,切勿任意重製、散佈、改作、轉貼、播送,以免觸法。

摘要(中) 本研究欲探討良好的公司治理程度是否能夠有效的吸引外資的投入,以及外資在投資後是否會積極設法改善企業的公司治理,並以 1999 年至2013 年間所有的台灣上市櫃公司為研究對象。研究結果顯示在控制了公司
規模、帳市值比、產品出口比率後,公司治理較良好的公司的確會吸引較
多的外資投入,此結果與過去的文獻一致;另外在外資改善公司治理的驗
證方面,所有結果皆顯示無顯著影響。
摘要(英) In this paper, we explore whether companies with good level of corporate governance can effectively attract more foreign investments; on the other side, whether foreign investors will affect corporate governance of the firm is also an important issue what we want to consider about. This study investigates foreign ownership of all the listed and on-the-counter companies in the Taiwan stock market from 1999 to 2013.The empirical result reveals that foreign investors show a preference for companies with good corporate governance, after controlling variables such as size, book-to-market ratio and export ratio. However, evidence for corporate governance affected by foreign investors is not significant.
關鍵字(中) ★ 外資
★ 公司治理
關鍵字(英)
論文目次 摘要 .................................................................................................................... i
ABSTRACT ...................................................................................................... ii
表目錄 ............................................................................................................... v
第一章 緒論 .................................................................................................. 1
1-1 研究背景與目的 ............................................................................... 1
1-2 研究大綱 ........................................................................................... 3
第二章 文獻回顧與假說建立 ....................................................................... 4
2-1 文獻回顧 ........................................................................................... 4
2-2 假說建立 ........................................................................................... 6
第三章 樣本及變數 ....................................................................................... 8
3-1 資料來源與樣本選取 ....................................................................... 8
3-2 公司治理評等變數之建構 ............................................................... 9
3-2-1 基本介紹 ............................................................................. 10
3-2-2 各構面變數之影響公司績效方向分析 ............................... 12
3-2-3 評等建構方式 ...................................................................... 16
3-3 樣本統計量 ..................................................................................... 17
3-3-1 外資持股比例 ...................................................................... 17
3-3-2 公司治理評等變數 .............................................................. 17
第四章 模型設計與實驗結果 ..................................................................... 20
4-1 公司治理對外資持股比例的影響 .................................................. 20
4-1-1 橫斷面資料迴歸模型及實證 ................................................ 20
4-1-2 依公司治理變化分類 .......................................................... 23
4-1-3 小結 ....................................................................................... 24 4-2 外資持股比例對公司治理改善的影響 .......................................... 25
4-2-1 模型設計 ............................................................................. 26
4-2-2 實證結果 ............................................................................. 26
4-2-3 模型調整及實證結果 .......................................................... 27
4-2-4 小結 ..................................................................................... 29
第五章 結論與建議 ..................................................................................... 30
5-1 研究結論及貢獻 ............................................................................. 30
5-2 研究建議 ........................................................................................ 31
參考文獻 ......................................................................................................... 32
參考文獻 中文文獻
葉銀華、邱顯比及何憲章(1997),「利益輸送代理問題與股權結構之理論與實證研究」,《中國財務學刊》,第4卷第4期,47-73頁。
葉銀華、李存修及柯承恩(2002),《公司治理與評等系統》,商智文化。

英文文獻
Aggarwal, R., Erel, I., Ferreira, M., Matos, P., 2011. Does governance travel around the world? Evidence from Institutional Investors. Journal of Financial Economics 100, 154-181.
Claessens, S., Djankov, S., Lang, L. H. P., 2000. The seperation of ownership and control in east asian corporation. Journal of Financial Economics 58, 81-112.
Dahlquist, M., Pinkowitz, L., Stulz, R., Williamson, R., 2003. corporate governance and the home bias. The Journal of Financial and Quantitative Analysis 38, 87-110.
Dahlquist, M., Robertsson, G., 2001. Direct foreign ownership, institutional investors, and firm characteristics. Journal of Financial Economics 59, 413-440.
Faccio, M., Lang, L. H. P., 2002. The ultimate ownership of western european corporations. Journal of Financial Economics 65, 365-395.
Fan, J. P. H., Wong, T. J., 2002. corporate ownership and the informativeness of accounting earnings in east asia. Journal of Accounting and Economics 33, 401-425.
Gillan, S. L., Starks, L. T., 2003. Corporate governance, corporate ownership, and the role of institutional investors: a global perspective. Journal of Applied Finance 13, 4-22.
Hessel, C. A., Norman, M., 1992. Financial characteristics of neglected and institutionally held stocks. Journal of Accounting, Auditing & Finance 7, 313-334.
Kang, J., Stulz, R., 1997. Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan. Journal of Financial Economics 46, 3-28.
Karmin, C, 2000. Corporate-governance issues hamper emerging markets—stalled changes push some shareholders to abandon the field. Wall Street Journal Nov.8.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., 1999. Corporate ownership around the world. Journal of Finance 54, 471-517.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R., 2000. Investor protection and corporate governance. Journal of Financial Economics 58, 3-27.
Leuz, C., Lins, K.V., Warnock, F.E., 2009. Do foreigners invest less in poorly governed firms? The Review of Financial Studies 22, 3245-3285.
Lin, C. H., Shiu, C., 2003. Foreign ownership in the Taiwan stock market—an empirical analysis. Journal of Multinational Financial Management 13, 19-41.
Mangena, M., Tauringana, V., 2009. Disclosure, corporate governance and foreign share ownership on the Zimbabwe Stock Exchange. Journal of International Financial Management & Accounting 18, 53–85.
Prowse, S., 1992. The structure of corporate ownership in Japan. Journal of Finance 47, 1121-1140.
Yeh, Y. H., Lee, T. S., Woidtke, T., 2001. Family control and corporate governance: evidence from Taiwan. International Review of finance 2, 21-48.
指導教授 徐政義 審核日期 2015-7-9
推文 facebook   plurk   twitter   funp   google   live   udn   HD   myshare   reddit   netvibes   friend   youpush   delicious   baidu   
網路書籤 Google bookmarks   del.icio.us   hemidemi   myshare   

若有論文相關問題,請聯絡國立中央大學圖書館推廣服務組 TEL:(03)422-7151轉57407,或E-mail聯絡  - 隱私權政策聲明