An Empirical Study on Relationship between ownership structure and operating performance under Corporate Governance －－

• Main Author: 劉嘉惠
• Other Authors: 陳俊郎
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/66338126720646131104

碩士 === 長榮大學 === 經營管理研究所 === 92 === Abstract Selects facing the globalization economic competition weakly remains strongly more hastens the superheating, in addition recent years because the American world famous company, for example Enron company and the world communication company and so on started a succession of shortcoming document, lead the investor believes to the valley, so the scholar expert invested the self-criticism ranks in abundance, finally will obtain the conclusion is "corporate governance" will be saves the enterprise key of to the future century competition ranks, but the central argument was promoting of the independent board directors system, also was main axle of the this research. This research penetrates introduces the American and Japan and so on the advanced countries to govern policy of and the execution achievements the system regarding the corporate governance, the affiliation this corporate governance system field of vision of and the category, and takes advantage of this the comparison at present the domestic execution condition. Moreover, introduces the South Korean system, because always by the family background was calling the enterprise and Taiwan are similar, after the financial storm brings the thorough rebirth opportunity, extremely deeply gave Taiwan to awake thinks with the reference. This research selects method of statistics of real diagnosis research the regression analysis, and designated the earnings per share manages performance weight target as the company, so as to the understanding company manages performance and the corporate governance promotes in the process the connection, and evidence five because the corporate governance carries out hypothesis of the situation argument. The real diagnosis research object is all goes on the public company parent substance of as the sampling in 2002, after removes the material not entire and excessively sample of the extreme, altogether chooses 17 industrials 588 companies to conduct the research. This research discovered: (1) Independent board directors and supervisors for all board directors and supervisors ratio and the company manages performance not to reveal is positive relation. (2)Institutional ownership ratio and the company manages performance for to reveal is positive relation. (3)Board directors and supervisors hold ratio and the company manages performance for to reveal is positive relation. (4)Foreign institutional ownership ratio and the company manages performance not to reveal is positive relation. (5)Government hold ratio and the company manages performance for to reveal is negative relation.