公司治理評鑑與財務績效關聯性之探討－以台灣血糖監測業上市上櫃公司為例

NCUIR > School of Management at National Central University > Executive MBA > Electronic Thesis & Dissertation > Item 987654321/86163

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/86163

Title:	公司治理評鑑與財務績效關聯性之探討－以台灣血糖監測業上市上櫃公司為例
Authors:	陳元政;Chen, Yuan-Cheng
Contributors:	高階主管企管碩士班
Keywords:	董事會特徵;公司治理評鑑;財務績效;獨立董事;Board characteristics;corporate governance evaluation;financial performance;independent directors
Date:	2021-03-24
Issue Date:	2021-12-07 12:12:02 (UTC+8)
Publisher:	國立中央大學
Abstract:	本研究是以血糖監測產業中的5家個案公司探討董事會特徵、公司治理評鑑結果與財務績效之間的關聯性。研究結果發現，董事會特徵與公司治理評鑑結果呈正相關，獨立董事佔比超過50%，對公司強化董事會結構與公司治理有很大的幫助，而機構投資者是一項內部治理機制，扮演著監督管理當局的功能。董事會特徵與財務績效的結果有正相關，董事的薪酬明顯偏高，使得董事會及經營團隊沒有績效的壓力，造成財務績效及營運績效比較不理想。獨立董事專業與醫學相關，獨立董事是否連任多屆，其專業性與獨立性也會影響公司財務績效表現。公司董事長及其關係人持股高，為家族企業，股東利益與董監事個人利益方向是一致的，財務績效表現也會比較好。;This study examines the association among board characteristics, corporate governance evaluation and financial performance based a sample of five companies in the blood glucose monitoring industry in Taiwan. The results show that board characteristics are positively correlated with the performance of corporate governance evaluation. Independent directors accounting for more than 50% of the board seats can enhance corporate governance mechanism and institutional investors play a monitoring function in internal corporate governance mechanism. In addition, board characteristics are positively related to financial performance; corporate governance may not work well when directors’ compensation is not sensitive to corporate performance. Independent directors with the expertise in medicine, whether are re-elected for multiple terms or not, positively affect companies’ financial performance. The firms with chairpersons and their related parties holding higher shares of stocks, belonging to a family, and the interests of the shareholders aligning with that of directors and supervisors all have better financial performance compared with their counterparts.
Appears in Collections:	[Executive MBA] Electronic Thesis & Dissertation

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