| Summary: | 碩士 === 國立臺灣大學 === 經濟學研究所 === 101 === In 1997, the Asian financial turmoil and the subsequent knock-on effect, derived almost become a global financial crisis. Many domestic listed companies in 1998, a spate of financial crisis, triggered a series of local financial turmoil; Rebar Group financial crisis occurred in 2006, which is recently the most serious financial turmoil; business crisis began in 1988 detonated. However, financial crises and corporate performance and corporate supervision system has a close relationship.
Furthermore, a key factor in the 1997 Asian financial crisis caused by one of the company''s operating performance and corporate governance; the end of 2001, the United States, the biggest ever accounting scandal Enron to continue in 2002 trading scandals of WorldCom, Xerox and Merck in accounting, resulting in the U.S. stock market and foreign exchange markets hit, the business doubts about the credibility of the accounting financial statements, investors have also been doubts about the business, causing all walks of life on corporate governance attention.
The main function of corporate governance in the Hennessy and eliminating defects, corporate governance mechanism and implemented, should ensure the implementation of corporate strategy, performance achieved, and through its oversight function to ensure the interests of the interested party should pay and security.
Looking at the financial crisis companies, is not difficult to find these cases involve the operators fraud, incomplete planning, these issues are the Department are company directors and supervisors dysfunctional - the level of corporate governance. However, in order to prevent these problems from happening again, we must first understand the causes and characteristics caused by the financial crisis companies can address the problem and effectively curb.
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