淡江大學機構典藏:Item 987654321/116961
English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 62822/95882 (66%)
造訪人次 : 4020145      線上人數 : 955
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋


    請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/116961


    題名: A Note on Board Characteristics, Ownership Structure, and Default Risk in Taiwan
    作者: Chiang, S.M.;Chung, H.M.;Huang, Chien-Ming
    關鍵詞: Corporate governance;Default risk;Ownership structure;Board characteristics;Kealhofer, McQuown and Vasicek model
    日期: 2015-03
    上傳時間: 2019-09-11 12:10:39 (UTC+8)
    摘要: This study applies dynamic generalized method of moments estimation to examine the influences of ownership structure and board characteristics on default risk for a full samples and two subsamples (high‐tech and conventional) of publicly listed firms in Taiwan. Our findings reveal that certain characteristics of corporate governance have explanatory power for default probability, but the impact is not straightforward. In particular, the impact of internal and external governance structures on default risk is industry dependent. Accordingly, governance proposals that encourage higher ownership among directors and large block shareholdings in high‐tech firms or reduce managerial ownership in conventional companies can have a counterproductive effect on corporate governance and result in higher bankruptcy possibility.
    關聯: Accounting and Finance 55(1), p.57-74
    DOI: 10.1111/acfi.12045
    顯示於類別:[財務金融學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    A note on board characteristics, ownership structure and default risk in Taiwan.pdf137KbAdobe PDF0檢視/開啟
    index.html0KbHTML136檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋