公司治理、金融發展程度與2007-2009次級房貸風暴

Corporate Governance, Financial Development,and 2007-2009 Subprime Crisis

章紜齊(Yun-Chi Chang)

指導教授 ： 鍾惠民 ； 李漢星

國立交通大學/管理學院/財務金融研究所/碩士(2010年)

https://doi.org/10.6842/NCTU.2010.00364

摘要

2007-09年的次級房貸風暴造成了自1929 年以來最大規模的全球性衰退，本文發現次貸期間，金融發展程度高，特別是私人信用較高的國家，股市表現顯著較差；公司治理指標的效果則分歧。同時，次貸風暴對於經濟合作暨發展組織成員國(OECD)、東歐與社會主義法系的影響較深，並深入探究這段期間內，接受國際貨幣基金(IMF)援助計畫的國家，來佐證本文的研究發現。

關鍵字

次級房貸 ； 公司治理 ； 金融發展程度 ； 國際貨幣基金

並列摘要

The Subprime Crisis during 2007-09 caused an unprecedented recession since 1929 Great Depression. This paper shows that higher degree of indicator of financial development, private credit, brought out a weaker performance in stock market. However, corporate governance presents a divergent result. Meanwhile, OECD and Eastern European and Socialistic countries suffered seriously during this financial shock. Besides, this paper re-confirms this result by digging into IMF bailout countries.

並列關鍵字

Subprime Crisis ； corporate governance ； financial development ； IMF

參考文獻

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