A Study on the Association of Corporate Governance and Corporate Equity Value

• Main Authors: Hou-Yan Chung, 鄭皓元
• Other Authors: Li-Lun Liu
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/564wv4

碩士 === 中原大學 === 會計研究所 === 92 === After many companies have the financial crunch in a lot of country, the chamber constituted corporation law in order to emphasize the corporation governance and the independent of directorate and monitorship. The first step of the research is to apprize the sample’s corporation governance performance ,and later will use the Olson model to design the estimate model. The research according to the 439 companies’ directorate and monitorship composition, stock share contexture, administration style and pledge form 2000 to 2002 uses to apprize the sample’s corporation governance performance to estimate the Olson model. The conclusions are follows: 1. The corporation governance has a positive relationship with corporation value. Because many companies start to concentrate on the corporation governance in 2001, the relationship is obviously in 2002. 2. The model’s explanation of Electornics is obvious higher than tradition industry, so we analogize the performance of corporation governance is better than tradition industry. 3.We use the dummy variable of independent directorate and monitorship to investigate the influence of the corporation value and find that if we use the dummy variable，the corporation value still have positive relationship with corporation governance performance ,but doesn’t have the relationship with the dummy variable.