| Summary: | 碩士 === 國立雲林科技大學 === 會計系研究所 === 95 === The increasing scandals of listed company in Taiwan these years mainly originated from the flaws of company management mechanism. According to the report of Business Weekly( July 04,2005),there are 21 companys with lower performance but with higer salary for the president of the company. Among them,there are 9 companies whose president also serve as general manager with the ration of 42.86%. Securities and Futures Bureau expressed the opinion of not encouraging these companied of such situation to avoid the problem of "player and referee the same one".But in 2005,one out of 4 company didn’t meet the expectation form Securities and Futures Bureau including leading companies like FOXCONN co.Ltd and ASUS co. Ltd. Securities and Futures Bureau assumed it is necessary to inquiry more into this situation.
This study starts out from the notion of company management to study the influence of the president also served as general manager. With the factors of ownership structure, operating performance and company size ,this study uses Logistic Regression model to justify Securities and Futures Bureau’s opions.
The study shows that the "stock holding ratio of president" and" the president also serves as GM" has a positive correlation ,while the stock-holding ratio of stock ownership directors,company size and the "president also served as GM" has a negative correlation.The company performance is not a main consideration for "president also served as GM". The study hopes to provide alternative reference for the government and the business.
|
|---|
