An Investigation of Corporate Governance and Corporate Financial Performance before and after Financial Tsunami-Evidence from Taiwan Banking Industry

• Main Authors: Miao-ju Li, 李妙茹
• Other Authors: S.W. Lin
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/02451105833230753206

碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 100 === Given that the U.S. subprime mortgage crisis broke out in the second half of 2007, triggering a global financial crisis, and then the corporate governance issues of concern of this study in Taiwan's banking industry as the research object, the first to explore the operating performance of the Taiwan banking industry, which before and after the financial crisis is with a significant decline or not. On the other hand, before and after the financial tsunami, we will discuss the correlation between corporate governance and corporate financial performance. In this study, through multiple regression analysis, the results are as follows: First, the composition of the Board: board of directors before and during the financial tsunami period shows no significant correlation with Corporate Financial Performance, independent directors seats and Corporate Financial Performance during the financial tsunami was a negative relationship. The relationship between Directors' collateralized shares and Corporate Financial Performance shows a negative correlation. There is a positive relationship between CEO duality and Corporate Financial Performance during the financial tsunami. Second, shareholding structure: The ratio of insider holding shows negative relationship between Corporate Financial Performance. Stockholding ratio of Large Equity Holders shows negative relationship between Corporate Financial Performance during the financial tsunami. Stockholding ratio of Large Equity Holders shows negative relationship with Corporate Financial Performance. There was no significant correlation between cash flow rights and Corporate Financial Performance during financial tsunami. A negative relationship was shown between Debt to Equity Ratio and Corporate Financial Performance during the financial tsunami.