摘要
本文嘗試利用新加坡證券市場的數據對利益合一假說與利益蠶食假說進行實證測驗，以求找出董事會成員持有股權百分比與市場風險及公司市值的關係。採用的研究方法是定量線性迴歸模型，結果顯示公司的市值及市場風險與董事會持有股權比例有直接關係。董事會持有適當比例的股權，公司的市值將比較高。
關鍵字
無資料並列摘要
This paper is an attempt to test the convergence-of-interest hypothesis and the entrenchment hypothesis using data from the Stock Exchange of Singapore. The test is performed by the piecewise linear regression model. The results show that the firm's market value will be higher at an appropriate range of board ownership.
並列關鍵字
無資料被引用紀錄
陳美杏（2009）。公司治理對經營績效之影響－以董事長與總經理是否為同一人之研究〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2009.00468
張耀中（2008）。我國公營事業民營化後其公司治理與風險之關聯性及對績效之影響〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2008.00743
張志名（2014）。台灣肉牛蓄養成本效益分析-以芸彰畜牧場為例〔碩士論文，國立臺灣大學〕。華藝線上圖書館。https://doi.org/10.6342/NTU.2014.00948
延伸閱讀
- 鄭愉靜（2016）。Board Characteristics, Remuneration, Stock Price Crash Risk.〔碩士論文，長榮大學〕。華藝線上圖書館。https://www.airitilibrary.com/Article/Detail?DocID=U0015-2601201608582300
- 吳愛鳳（2010）。Ownership Structure, Board Composition and the Market Reaction to the Repurchase Announcement〔碩士論文，國立臺灣大學〕。華藝線上圖書館。https://doi.org/10.6342/NTU.2010.01379
- Mindzak, J. (2022). INTERLOCKED BOARDS OF DIRECTORS, CORPORATE GOVERNANCE, AND EARNINGS QUALITY. Advances in Quantitative Analysis of Finance and Accounting, (19), 287-327. https://doi.org/10.6293/AQAFA.202212_(19).0008
- 吳艾琳（2012）。Board Intellectual Capital, Board Independence, and Corporate Performance〔碩士論文，國立中央大學〕。華藝線上圖書館。https://www.airitilibrary.com/Article/Detail?DocID=U0031-1903201314445443
- Yu, T., & Chen, C. (2013). Corporate Governance, Accounting Measures and Market Value. Asian Journal of Business Management, 5(4), 362-370. https://www.airitilibrary.com/Article/Detail?DocID=20418752-201309-201509210015-201509210015-362-370