本文旨在分析受到國際金融環境變化下,探討台灣壽險公司的公司治理與經營績效方面,公司治理與風險承擔方面,兩方面關係研究。本研究期間是以2003年至2008年的台灣壽險公司為樣本,而應用Tobit迴歸模型以檢定公司治理變數對風險承擔及經營績效是否有顯著的差異。本研究結果中發現:第一,在公司治理與經營績效方面,發現經理人持股、法人持股與公司經營績效呈現正相關。第二,在公司治理與風險承擔方面,發現經理人持股和監察人內部化與公司風險承擔呈現負相關;法人持股與公司風險承擔呈現正相關。
The paper analyzed life insurance industry of Taiwan under the impact of change in international finance. The study examined the relation between corporate governance and performance and the also relation between corporate governance and risk-taking in life insurance industry of Taiwan. The sample period is from 2003 to 2008. We used the Tobit regression model to measure performance. The study result show: first, regarding the relation between corporate governance and performance, we found the evidence that the proportion of management shareholding and internal shareholding is positively related to performance. Second, as to the relation between corporate governance and risk-taking, we found the evidence that the proportion of management shareholding and internalization of the supervisors is negatively related to risk taking. But the internal shareholdings are positive related to risk taking.