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系統識別號 U0026-0812200911042268
論文名稱(中文) 台灣上市公司公司治理與公司經營績效之關連性研究
論文名稱(英文) none
校院名稱 成功大學
系所名稱(中) 企業管理學系碩博士班
系所名稱(英) Department of Business Administration
學年度 92
學期 1
出版年 93
研究生(中文) 林義凱
研究生(英文) I-Kai Lin
學號 r4690130
學位類別 碩士
語文別 中文
論文頁數 72頁
口試委員 指導教授-陳忠仁
指導教授-吳學良
口試委員-張紹基
中文關鍵字 經營績效  公司特性  股權結構特性  董事會特性  公司治理 
英文關鍵字 Board Directors  Ownership Structure  Firm Characteristics  Performance  Corporate Governance 
學科別分類
中文摘要 摘 要
隨著時間、環境的演變,企業在規模上朝向於全球化、大者恆大的趨勢發展,因而公司治理的制度跟著複雜化;另一方面也是因為持續不斷發生的重大弊案,使得產官學界不得不愈加重視這個議題。對於董事會特性、股權結構特性及公司特性對公司經營績效的影響卻是相關文獻較少探討的議題。本研究以此為研究動機,經由相關文獻探討,提出以下四項主要之研究目的:
1. 探討台灣上市公司之董事會特性對公司經營績效之關連性,藉以瞭解董事會特性對公司經營績效的影響。
2. 探討台灣上市公司之股權結構特性對公司經營績效之關連性,藉以瞭解股權結構特性對公司經營績效的影響。
3. 探討台灣上市公司之公司特性對公司經營績效之關連性,藉以瞭解公司特性對公司經營績效的影響
4. 探討公司特性和董事會特性及股權結構特性的交互作用下,是否對公司經營績效有所影響。藉以瞭解在不同公司特性下,公司治理之內、外部因素對公司經營績效的影響。

本研究的母體是以台灣經濟新報資料庫所提供之台灣上市公司為研究對象,原始資料共598筆,涵蓋了一般製造業、資訊電子業及服務業。並運用多元迴歸模型、變異數分析及Duncan多重檢定法進行統計分析。
研究結果發現(1)董事會特性中的董事持股比例、董事持股質押比例、董事會規模及是否有獨立監事皆對公司經營績效產生影響,(2) 股權結構特性中的法人機構持股比例、國外機構持股比例、其他法人持股比例及信託基金持股比例皆對公司經營績效產生影響,(3)公司特性中的產業別及資產總額皆對公司經營績效產生影響,(4) 公司特性和部分董事會特性的交互作用對公司經營績效有所影響,(5) 公司特性和股權結構特性的交互作用對公司經營績效並無顯著影響。

關鍵字:公司治理、董事會特性、股權結構特性、公司特性、經營績效


英文摘要 Abstract
With the environment changes and the trend of globalization, the system of corporate governance is getting more and more complicate. On the other hand, the on going happening major corporate scandals everywhere in the world also force both the practice and the academic to place more efforts on corporate governance. Although the increasing importance of corporate governance, little has been done in the literature in examining the relationships among the board of directors, ownership structure, firm characteristics and the performance of the firms. Therefore, this research attempts to fill the gap in the literature by providing an integrative research framework through extensive literature review to identify the key determinants and to examine the relationships among these determinants, and the performance of the firms. Hypotheses were proposed and then examined through an empirical study.
The population in the study originated from the database of the Taiwan Economy Journal. The time period of the profiles of 598 firms is from 1989 to 2002. Multiple regression analyses, analysis of variance, and Duncan multiple T-comparison were used to analyze the data.
The major finding of this study include:First, according to results of the regression analyses, the results show support for the direct effects of board of directors, ownership structure, and the firm characteristics on the performances. Secondly, the results of ANOVA analyses indicate that the board of directors has interaction effects with the firm characteristics on the performances. On the other hand, the results of ANOVA analyses indicate that the ownership structure has no interaction effects with the firm characteristics on the performances.

Key Words: Corporate Governance, Board Directors, Ownership Structure, Firm Characteristics, Performance


論文目次 第一章 緒論...........................1
1.1.研究動機..........................1
1.2.研究目的..........................4
1.3.研究流程..........................5
1.4.研究架構..........................6

第二章 文獻回顧與探討......................1
2.1.公司治理的定義與範疇....................1
2.2.公司治理相關文獻回顧與整理.................3
2.3.研究假設推論........................13

第三章 研究設計與研究方法....................1
3.1.研究架構..........................1
3.2.變數的衡量與操作型定義...................2
3.3.資料收集與分析.......................6
3.4.樣本結構..........................12

第四章 實證結果與分析......................1

第五章 結論與建議........................1
5.1.研究結論..........................1
5.2.研究貢獻..........................3
5.3.研究建議..........................4

國外文獻.............................R-1
國內文獻.............................R-4
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