An Analysis of the Change in Corporate Governance and their Relation to the Performance of Financial Institutions after Financial Holding Company Law

• Main Authors: Chiung-Wei Hung, 洪瓊瑋
• Other Authors: Edward H. Chow
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/47188710007246267348

碩士 === 國防管理學院 === 國防財務資源研究所 === 92 === Abstract This study focus on the influence after Financial Holding company law on the financial institution. Firstly, will the corporation governance mechanism be improved because of the change of legislation and competitive environment ? The second, Is it relative to the improvement of corporate performance. The conclusions are shown as follows : less concentrate of ownership structure, decrease of insider share, increase of outsider share , decrease of cash flow right and voting right. These changes will benefit the corporate performance. We will analysis of the change in corporate governance and their relation to the firm’s performance furter. The higher the insider share ratio, the larger the divergence of cash flow right and voting right. These reveal the negative influence on the corporate performance. On the contrary, higher outsider share ratio could result in positive influence on the corporate performance. On the board of directors and supervisors, the independent directors and supervisors play an important role in supervising and affecting the motive of the large shareholder. Another consequence is that the corporate performance is significantly higher for financial holding company than non-financial holding company. Keywords: