The Relationship between Risks and Organizational Types in Business Groups

• Main Authors: Hsin-Yi Chang, 張欣怡
• Other Authors: 作者未提供
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/63254205502097450864

碩士 === 銘傳大學 === 會計學系碩士班 === 99 === The main purposes of our study are to explore the influence on corporate risks that are measured by systematic risk and operating risk between the diversified business groups and vertical integrated business groups, and difference between the diversified business groups and the vertical integrated business groups in systematic risk and operating risk. We use samples comprised of listed and OTC business groups in Taiwan during 2000 to 2008. The empirical results show business groups with diversification and business groups with vertical integration have higher systematic risk and lower operating risk. Moreover, systematic risk and operating risk are significant difference between the diversified business groups and the vertical integrated business groups.