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  • 學位論文

執行長持股比例與公司價值關係之探討─以台灣市場為例

指導教授 : 蔡佩蓉 何加政
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摘要


本文以執行長持股比例對公司上市櫃公司進行分類,檢驗執行長持股比例高低對公司股價月報酬是否會有影響,而此分類方式是否與已知的公司特徵溢酬重複,並檢視執行長持股比例高與執行長持股比例低的公司在營運表現上有何差異。

關鍵字

執行長

參考文獻


Amihud, Y., 2002, Illiquidity and stock returns: Cross-section and time-series effects, Journal of Financial Markets 5, 31–56.
Berle, A. A., and G. C. Means, 1932, The Modern Corporation and Private Property (Macmillan, New York).
Brennan, M. J., T. Chordia, and A. Subrahmanyam, 1998, Alternative factor specifications, security characteristics, and the cross section of expected stock returns, Journal of Financial Economics 49, 345–375.
Cremers, M., and A. Ferrell, 2009, Thirty years of corporate governance: Firm valuations and stock returns, Working paper, Yale University and Harvard University.
Gompers, P., J. Ishii, and A. Metrick, 2003, Corporate governance and equity prices,Quarterly Journal of Economics 118, 107–155.

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