The stock structure and Pledged Shares of Inside ownership effect on corporation value.
碩士 === 國立中央大學 === 企業管理學系碩士在職專班 === 97 === In 2001, a financial scandal in Enron shock all the world business environment, and WorldCom involved false financial report in capital expense and leads to bankrupt in 2002. In 2004, a Taiwan based chemical science Procomp manage financial by making false r...
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| Format: | Others |
| Language: | zh-TW |
| Online Access: | http://ndltd.ncl.edu.tw/handle/78583320934894073610 |
| Summary: | 碩士 === 國立中央大學 === 企業管理學系碩士在職專班 === 97 === In 2001, a financial scandal in Enron shock all the world business environment, and WorldCom involved false financial report in capital expense and leads to bankrupt in 2002. In 2004, a Taiwan based chemical science Procomp manage financial by making false revenue and hurt thousands investors in Taiwan. In 2006, a long-standing company in Taiwan, Rebar management and main stockholder transferred most company funds into the accounts of family members and pledged most stocks to capital market. And exploit intensive reciprocal shareholding to benefit specific stock holder. All these financial scandals show that the management did much illegal activity to the corporation and hurt investor without Signal detected.
This study expects to find out the signals that can detect the sign in advance to the financial scandal and attempts to analyze how the ownership structure and pledged stock of inner ownership affect the whole corporate value. The samples are Taiwan-base listed company.
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