| Summary: | 碩士 === 中國文化大學 === 會計學系 === 100 === This study aims to examine the impact of corporate governance mechanisms on company failure. To address this issue, a matched-pair sample approach and control variables are used to control for other potential effects. Failed companies in this paper are identified with the TEJ database, which are matched with non-failed companies having the closest firm size in the same stock industry, stock exchange market and fiscal year. Based on eight governance factors extracted from 20 corporate governance indicators using the principal component analysis, this study demonstrates that monitoring incentives, consistency of ownership and management, and external monitoring degree are significantly related to company failure.
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