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題名:公司治理、資本結構與公司價值關係之研究
書刊名:文大商管學報
作者:鄭伶如 引用關係
作者(外文):Cheng, Lin-ju
出版日期:2008
卷期:13:1
頁次:頁65-91
主題關鍵詞:公司治理資本結構公司價值Corporate governanceCapital structureFirm value
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(14) 博士論文(1) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:14
  • 共同引用共同引用:326
  • 點閱點閱:62
本研究探討公司治理對公司價值、資本結構對公司價值的關係,運用複迴歸分析,以台灣上市資訊電子業為研究樣本,研究期間為2000 年至2004年共5年進行研究。實證結果發現,公司治理對公司價值及資本結構對公司價值皆呈現顯著影響。若探究公司治理的個別變數對公司價值的關係,經理人持股比例對公司價值呈現負向顯著影響;董事會規模則呈現顯著正相關。若探究資本結構的個別研究變數對公司價值的影響,負債比率與公司價值呈現正向顯著關係;短期負債占總負債比率對公司價值有顯著負向關係。
This study discusses the relationship between corporate governance and firm value, capital and firm value. This study uses multiple regression analysis. The empirical samples are collected from Taiwanese electronic manufacturers between 2000-2004. The empirical results show the corporate governance have significance effects on the firm value, the capital structure have significance effects on the firm value. The study discusses the relationship between corporate governance variables and firm value, manager shareholding ratio has significant negative effects on firm value, board size has significant positive relationship. The non-performed loans variables have significant effects on the capital adequacy ratio. The empirical results show the significant positive relationship between debt ratio for firm value, the ratio of short-term debt of total debt have significance effects on the firm value.
期刊論文
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5.Brickley, J.、Coles, J.、Terry, R.(1994)。Outside directors and adoption of poison pills。Journal of Financial Economics,35(3),71-90。  new window
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14.Lins, Karl V.(2003)。Equity Ownership and Firm Value in Emerging Markets。Journal of Financial and Quantitative Analysis,38(1),159-184。  new window
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16.俞海琴、周本鄂(19940100)。臺灣地區上市公司董監事、關係人持股比率和公司托賓Q關係之研究。管理評論,13(1),79-98。new window  延伸查詢new window
17.Morck, Randall、Shleifer, Andrei、Vishny, Robert W.(1988)。Management Ownership and Market Valuation: An Empirical Analysis。Journal of Financial Economics,20(1/2),293-315。  new window
18.Alchian, Armen A.、Demsetz, Harold(1972)。Production Information Costs, and Economic Organization。American Economic Review,62(5),777-795。  new window
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21.葉銀華、邱顯比(19960800)。資本結構、股權結構與公司價值關聯性之實證研究:代理成本理論。臺大管理論叢,7(2),57-89。new window  延伸查詢new window
22.Jensen, Michael C.、Ruback, Richard S.(1983)。The market for corporate control: The scientific evidence。Journal of Financial Economics,11(1-4),5-50。  new window
23.柯承恩(19990100)。公司監理與資訊透明的重要性--亞洲金融危機的啟示。會計研究月刊,158,12-13。  延伸查詢new window
24.Lindenberg, Eric B.、Ross, Stephen A.(1981)。Tobin's q ratio and industrial organization。The Journal of Business,54(1),1-32。  new window
25.Pearce, John A. II、Zahra, Shaker A.(1992)。Board composition from a strategic contingency perspective。Journal of Management Studies,29(4),411-438。  new window
26.Miller, Merton H.(1977)。Debt and Taxes。The Journal of Finance,32(2),261-275。  new window
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會議論文
1.黃旭輝、葉春岑(2002)。資訊不對稱與可支配現金流量對股利政策影響之研究。台灣財務金融學會財務金融學術研討會。台中:中興大學。  延伸查詢new window
研究報告
1.Allen, Franklin、Carletti, Elena、Marquez, Robert(2007)。Stakeholder capitalism, corporate governance and firm value。University of Pennsylvania。  new window
2.Klapper, L. F.(2002)。Corporate governance, investor protection and performance in emerging markets。  new window
3.Black, B. S.、Jang, H.、Kim, W.、Mark, J.(2003)。Does corporate governance affect firm value? Evidence from Korea。Stanford Law School。  new window
4.Cadbury, A.(1992)。Report of the committee on the financial aspects of corporate governance。London:Gee Publishing。  new window
學位論文
1.李崑彰(1998)。我國企業規模,財務政策與績效相關性之研究--以電子業為例(碩士論文)。大葉大學。  延伸查詢new window
2.林朱培(2005)。資訊揭露與公司治理之探討(碩士論文)。國立高雄第一科技大學。  延伸查詢new window
3.施其佑(2006)。股權結構、資本結構與公司價值關聯性之研究(碩士論文)。大同大學。  延伸查詢new window
4.莊宗憲(2005)。公司治理機制與公司經營績效之實證研究(碩士論文)。銘傳大學。  延伸查詢new window
5.陳世昌(1995)。負債比率與資金成本、獲利能力之間關係的實證研究(碩士論文)。國立中興大學。  延伸查詢new window
6.曾素花(2005)。我國現階段公司治理之問題研討(碩士論文)。中原大學。  延伸查詢new window
7.曾齡嫺(2004)。公司價值、資本結構與代理問題關係之研究(碩士論文)。國立中山大學。  延伸查詢new window
8.黃世嘉(2002)。景氣循環與電子上市公司資本結構之關連分析(碩士論文)。銘傳大學。  延伸查詢new window
9.黃卿絢(1994)。企業國際化對財務政策與財務績效的影響(碩士論文)。淡江大學。  延伸查詢new window
10.楊慧蘭(2003)。研究發展投資與財務政策關聯性之實證研究(碩士論文)。逢甲大學。  延伸查詢new window
11.董珮珊(2005)。公司治理、公司績效與高階主管薪酬關係之研究(碩士論文)。真理大學。  延伸查詢new window
12.王吟華(2006)。公司治理與經理人異動對股東財富的影響(碩士論文)。國立高雄大學。  延伸查詢new window
13.王惠昕(2001)。代理問題對公司股權結構與財務決策之影響(碩士論文)。國立中正大學。  延伸查詢new window
14.吳建頤(1999)。董事會規模對公司價值的影響(碩士論文)。國立中正大學。  延伸查詢new window
15.侯貫智(2004)。傳統產業上市公司成長、槓桿與Tobin's Q之關係研究--Panel Threshold方法與應用(碩士論文)。逢甲大學。  延伸查詢new window
16.姜義軒(2001)。台灣電子產業與非電子產業Tobin's q之差異及其成因之研究(碩士論文)。國立交通大學。  延伸查詢new window
17.陳玉華(2004)。台灣資訊電子產業融資決策之研究(碩士論文)。銘傳大學。  延伸查詢new window
18.黃啟倫(2006)。股權結構、關係人交易與公司績效(碩士論文)。銘傳大學。  延伸查詢new window
19.劉正義(2002)。企業研發投資對財務政策與成長機會影響之研究--以電子資訊產業為例 (碩士論文)。東吳大學。  延伸查詢new window
20.邱琦倫(2001)。公司融資方式選擇與成長機會之關係--多項式自我選擇模型實證研究(碩士論文)。國立臺灣大學。  延伸查詢new window
21.盧愛治(2005)。公司治理的內外部機制與財務績效關聯性之研究(碩士論文)。淡江大學。  延伸查詢new window
22.陳淑萍(1999)。從代理理論的觀點探討所有權結構與資本結構的關係(碩士論文)。國立中央大學。  延伸查詢new window
23.蔡佩真(2001)。公司成長、資本結構與公司績效之研究--以臺灣上市公司為例(碩士論文)。國立清華大學。  延伸查詢new window
圖書
1.林財源(2006)。財務財報分析。台北:華泰。  延伸查詢new window
2.賴汝鑑(1993)。財務管理。台北:華泰書局。  延伸查詢new window
3.葉銀華、李存修、柯承恩(2013)。公司治理與評等系統。台北:智商文化。new window  延伸查詢new window
4.Bacon, Jeremy(1973)。Corporate Directorship Practices: Membership and Committees of The Board。The Conference Board。  new window
 
 
 
 
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