Ultimate Control Rights as Moderators of the Relationship between Market Power and Efficiency: The Case of the Taiwanese Life Insurance Industry

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/111846

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/111846

题名:	Ultimate Control Rights as Moderators of the Relationship between Market Power and Efficiency: The Case of the Taiwanese Life Insurance Industry
作者:	Chuang Chung-Chu;Yu-Chieh Tang
关键词:	Corporate governance;Market power;Efficiency;Ultimate control rights
日期:	2017-08
上传时间:	2017-10-25 02:11:34 (UTC+8)
出版者:	ICIC International
摘要:	The corporate governance mechanism can help balance the expansion of market power and the maximization of efficiency. This study utilizes the stochastic frontier approach to measure efficiency, and the doubly censored Tobit regression to investigate the relationships among market power, ultimate control rights, and efficiency in the Taiwanese life insurance industry. The empirical results show that the market power negatively affects efficiency. As the component of ultimate control rights is a moderating variable, the control right weakens the negative effect of market power on efficiency but cash flow right enhances the negative effect of market power on efficiency. Thus, the findings of this study can serve as a reference for determining resource allocation, formulating marketing strategy and corporate governance policies.
關聯:	ICIC Express Letters 11(8), p.1285-1291
DOI:	10.24507/icicel.11.08.1285
显示于类别:	[管理科學學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	168	检视/开启
Ultimate Control Rights as Moderators of the Relationship between Market Power and Efficiency The Case of the Taiwanese Life Insurance Industry.pdf		97Kb	Adobe PDF	0	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章