Institutional Investors and Corporate Governance

碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 94 === Corporate governance already becomes the subject that all parties pay attention to most in recent years. The internal controlling of a company can functioning well, administrative authority observe decree norm inside or outside really, and express the manageme...

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Bibliographic Details
Main Authors: Che-Ming Yang, 楊哲明
Other Authors: Chun-An Lee
Format: Others
Language:zh-TW
Published: 2006
Online Access:http://ndltd.ncl.edu.tw/handle/55876978145566925560
Description
Summary:碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 94 === Corporate governance already becomes the subject that all parties pay attention to most in recent years. The internal controlling of a company can functioning well, administrative authority observe decree norm inside or outside really, and express the management performance of the company trully, is cared about really by investor. As for investors, can be divided into two kinds of private investors and institutional investors in accordance with its identity. Israel Taiwan''s security market on but speech, the private investor is still a majority, the institutional investors because possesses professional investment knowledge and analyses tools, target that its investment decision more often consults for private investors. This research regards listing electronics corporation of the security market of Taiwan as the research object, probe into the company and manage the relation while holding share with institutional investors in real example. The real example result is found: ( 1) In the company in the ones that corporate governance index and company to manage the performance are related, the effect that its company of company finding the financial rate good manages is better; ( 2) institutional investors will be managed the influence of the index and financial information to hold share by the company, but divide it into the three kinds institutional investors while observing separately, it is the influence not managed the index by the company that the foreign institutional investors hold share; ( 3) The stock that organization''s investors held share, its rate of returns is relatively good; But when the rate is the same period that the rate of returns of the stock price and organization''s investor hold share, not established . The result of this research means that the holding share of institutional investors will be managed quality and influence of company''s corporate governance performance by the company, but the information paid attention to have a difference to exist in fact among the three kinds corporate governance.