The Relationship between Corporate Governance and Financial Instrument Performance Evaluation-An Example of Electronic Industry

• Main Authors: Yu-Ming Wang, 王昱明
• Other Authors: Jin-Yang Uang
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/84827182137398091854

碩士 === 中國文化大學 === 會計研究所 === 96 === Taiwan’s Statement of Financial Accounting Standards No. 34. Accounting for the Financial Instruments: Recognition and Measurement, has been effective since the financial year of 2006. According to new standards, the financial instruments, in-cluding financial derivatives, must be measured at fair value and be recognized in the financial statement, except for few cases. This change could cause great impact on major industries. To realize the performance of financial investment and the role of corporate governance along with it’s performance after the implementation, this study investigated the data of electronic companies of 2006 and conducted an em-pirical analysis. The findings are as follows: (1) Significant positive correlation be-tween performance of financial instruments and stock holding proportions of man-agers. (2) Significant positive correlation between performance of financial instru-ments and stock holding proportions of corporations.