• 沒有找到結果。

獨立董監之設置決策與績效

N/A
N/A
Protected

Academic year: 2021

Share "獨立董監之設置決策與績效"

Copied!
29
0
0

加載中.... (立即查看全文)

全文

Loading

數據

表 1  變數定義  變數名稱  預期 方向  變數定義及衡量方法  被解釋變數:  IND_BRD  是否設置獨立董監:企業設置獨立董監為 1,否則為 0;  IND_BRD_R  獨立董監席次比率:獨立董監人數除以董監總人數;  解釋變數:  股權結構變數  %BLOCK  ?  外部大股東持股:持股比率超過 5%之外部大股東(即非董事、 監察人或經理人)持股比率;  %INST  ?  機構投資人持股:機構投資人持股(本國金融機構持股+本國信 託基金持股+僑外金融機構持股+僑外信託基金持股)占流通在
表 2  基本敘述統計量    變數  平均數  中位數  Q1  Q3  標準差  平均數檢定  差異 a 檢定 b 被解釋變數  IND_BRD  0.168    0.000    0.000    0.000    0.384    IND_BRD_R  0.038    0.000    0.000    0.000    0.132    IND_BRD_R_1  0.226    0.222    0.143    0.300    0.233    解釋變數  股權結構變數  %BLOCK
表 3  相關係數矩陣
表 4  是否設置獨立董監  (IND_BRD)  的 probit 迴歸結果    變數  符號  (1)  (2)  (3)  截距項  -0.573 *** -1.618 *** -1.512 *** (-5.46)  (-11.57)  (-6.49)  股權結構變數  %BLOCK t-1  ?  1.146 ** 1.578 *** (2.24)  (2.85)  %INST  t-1 ?  1.478 *** 0.725  (3.36)  (1.40)  %INSIDE  t-1 ?  -0.
+5

參考文獻

相關文件

Define instead the imaginary.. potential, magnetic field, lattice…) Dirac-BdG Hamiltonian:. with small, and matrix

Stone and Anne Zissu, Using Life Extension-Duration and Life Extension-Convexity to Value Senior Life Settlement Contracts, The Journal of Alternative Investments , Vol.11,

H., Liu, S.J., and Chang, P.L., “Knowledge Value Adding Model for Quantitative Performance Evaluation of the Community of Practice in a Consulting Firm,” Proceedings of

The study explore the relation between ownership structure, board characteristics and financial distress by Logistic regression analysis.. Overall, this paper

Mendenhall ,(1992), “The relation between the Value Line enigma and post-earnings-announcement drift”, Journal of Financial Economics, Vol. Smaby, (1996),“Market response to analyst

– Change of ownership principle in recording trade in goods sent abroad for processing – The term Gross National Product (GNP) is... Capitalisation of research and development

(2000), Valuation: measuring and managing the value of companies, Third Edition, John Wiley and Sons, New York. (2000), “The Dark Side Valuation: Firm with no Earning, no History,

Therefore, we could say that the capital ratio of the financial structure is not the remarkable factor in finance crisis when the enterprises are under the low risk; the