| Summary: | 碩士 === 國立高雄第一科技大學 === 金融營運所 === 91 === The General Manager has the supreme authority in related to disposal of company’s assets and representative of operation. The company’s performance and stockholders’ equity will be affected by the decision of General Manager. This is also the judgment of qualification and payroll to General Manager. There are several studies showed that the resignation of General Manager could be a variation to the company’s performance and shareholder equity.
This study is assumed from Goyal and Park (2002) and 307 samples of General Manager to serve as Chairman were excavated from Taiwan Listed Company in the year of 1999-2001. It’s estimated that the consumption of study is applied to Taiwan’s samples.
From the point of agency position, 4 hypothetic checkpoints derived from logit model and t-test. This is to probe into the influence of resignation of General Manager in related to the background of General Manager, percentage of shareholding, operation results and member of Board Director. The conclusion as follows:
It’s negative - General Manager would not resign if serve as Chairman or Director.
Besides, positive - General Manager’s resignation relating to the Industry’s market, negative — percentage of investment of financing house
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