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系統識別號 U0026-2407201421131500
論文名稱(中文) 宗教信仰對公司治理的影響
論文名稱(英文) The Impact of Religiosity on Corporate Governance
校院名稱 成功大學
系所名稱(中) 國際企業研究所
系所名稱(英) Institute of International Business
學年度 102
學期 2
出版年 103
研究生(中文) 張瑞琪
研究生(英文) Juei-Chi Chang
電子信箱 christine196877@gmail.com
學號 R68941045
學位類別 博士
語文別 英文
論文頁數 56頁
口試委員 指導教授-張紹基
召集委員-許永明
口試委員-賴蓉禾
口試委員-康信鴻
口試委員-莊雙喜
中文關鍵字 宗教敬虔度  公司治理  總經理雙元性  內部董事  雙層股權;反購併條款 
英文關鍵字 Religiosity  Corporate Governance  CEO duality  Insiders directors  dual class  antitakeover provisions 
學科別分類
中文摘要 過去研究認為宗教對個人及組織在經濟上及地理上的行為有影響效果。本研究利用過去那些認為宗教會影響組織的管理行為及決策所發現的論點,進而延伸宗教在公司治理之影響的架構。本研究採用宗教數據檔案館協會所提供的美國各郡教堂數目來進行研究。本研究實證結果顯示,那些座落在宗教敬虔度較高的公司享有較低的違約風險。本研究亦發現,那些座落在宗教敬虔度較高的公司比較不會採行總經理雙元性、雙層股權及反購併條款等機制。此外,那些座落在宗教敬虔度較高的公司,其董事會擁有較多的內部董事,反映出這些公司認為內部董事們比較不會涉入剝削股東的行為。再者,那些公司比較願意在企業社會責任的活動上貢獻其資源。
英文摘要 Prior research states that religion has influenced effects on the economic and demographic behavior of individuals and organizations. In this study, we use those findings suggesting religion affects managerial behavior and decision on organizations and extend our research to the corporate governance architecture of firms. We use a measure of religiosity on a county level that is collected from ARDA. We find that firms located in high religiosity have lower default risk. We also find firms located in high religiosity are less like to engage in CEO duality, dual-class and antitakeover. Interesting, we find firms located in high religiosity have more insiders on the board, indicating firms trust these insiders board to contribute their informative service in the firms. Further, firms located in high religiosity more likely to involve in CSR activities.
論文目次 1. Introduction 1
2. Literature and hypothesis statements 6
2.1 The background of religion in U.S. 6
2.2 Religiosity and financial risk 8
2.3 Religiosity and CEO duality 9
2.4 Religiosity and board insiders 12
2.5 Religiosity and dual class structures 13
2.6 Religiosity and antitakeover provisions 15
2.7 Religiosity and corporate social responsibility 17
3. Research design 20
3.1 Variable measurements 20
3.1.1 Measure of religiosity 20
3.1.2 Measures of financial risk 20
3.1.3 Measure of CEO duality 21
3.1.4 Measure of board insiders 21
3.1.5 Measure of dual class ownership structure 22
3.1.6 Measure of antitakeover provisions 22
3.1.7 Measures of corporate social responsibility 23
3.1.8 Control variables 23
3.2 Methodology 25
4. Empirical analysis 29
4.1 Sample selection and descriptive statistics 29
4.2 Empirical results and discussion 35
5. Conclusion 44
References 46
Appendix: IRRC Definitions of the E index provisions 56
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