The relationship of ownership structure, executive turnover, compensation and performance of banks.

碩士 === 輔仁大學 === 管理學研究所 === 98 === Corporate Governance for the enterprise an integral part of operations which covers the very broad level, and smooth operation can not only improve the efficiency of business operations, but also prevent internal fraud incidents and balance the interests of all stak...

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Bibliographic Details
Main Authors: Wei-Ming, Chang, 張維洺
Other Authors: Sue-Jane, Chiang
Format: Others
Language:zh-TW
Published: 2010
Online Access:http://ndltd.ncl.edu.tw/handle/27221412401800538781
Description
Summary:碩士 === 輔仁大學 === 管理學研究所 === 98 === Corporate Governance for the enterprise an integral part of operations which covers the very broad level, and smooth operation can not only improve the efficiency of business operations, but also prevent internal fraud incidents and balance the interests of all stakeholders, all of which allows the company to be sustained. In this study, the linear regression method is employed particularly in the local banking in Taiwan to explore the aspect of corporate governance. Most scholars have found on traditional industry and electronics industry, but not on banking and insurance industry. Considering the nature of banking industry, its capital source is different from other fields, and concerns the populace as well. Once the finance has crisis caused, it would affect national economic development heavily. Therefore, corporate governance has become the most important part of the industry of banking in management respect. This study uses linear regression method for the research on 23 banks which released from 1995 to 2008 in Taiwan, divided into four groups: financial holding bank, independent bank, chairman-government-appointed bank, and chairman-non-government-appointed bank, and adopts ten corporate governance indexes and five performance indicators to perform the experiment, by which the structure of banking company ownership structure, the transfer of high level managers and their pay truely cause significant impact on the performance of indivisual firm. The empirical results show as follows: a. The number of management level’s shares and that of government are in direct proportion to the achievements of operation respectively, while that of directors is inversely proportional to its achievements. b. The frequency of shifting in chairman of the board positions is in positive proportion to the achievements of operation, while that of general manager is inversely proportional to its achievements. c. The rewards the directors get is in direct proportion to the achievements of all samples, independent banks, dependent banks, and the chairman-non-government-appointed banks in which however they are inversely to the rewards the management levels get. d. Overall, compared to independent bank, the performance of financial holding banks is significantly pre-eminent, but it becomes slightly worse if the chairman is pointed by government. On the contrary, the government-pointed chairman has positive influence on the independent bank.