An Empirical Study on Characteristics on Board Directors and Credit Ratings

碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 102 === Object of study is a listed company in Taiwan in 2003 to the year 2013, using descriptive statistical analysis, correlation analysis, sort of normal probability (Ordered Probit) regression to conduct empirical analysis。 Empirical results show that the...

Full description

Bibliographic Details
Main Authors: CHEN,TUNG-CHIH, 陳東志
Other Authors: WANG,CHING-PING
Format: Others
Language:zh-TW
Published: 2014
Online Access:http://ndltd.ncl.edu.tw/handle/p5369q
Description
Summary:碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 102 === Object of study is a listed company in Taiwan in 2003 to the year 2013, using descriptive statistical analysis, correlation analysis, sort of normal probability (Ordered Probit) regression to conduct empirical analysis。 Empirical results show that the size of the size of the board of directors, independent directors ratio, director of external listed companies seats ratio and chairman of the dual positions and credit ratings were highly significant negative relationship, which means that when the size of the board closer to seven people, or board number more than 700 people and more an increasing number, or the board of independent directors or outside the listed company board seats more than legislation, or when part-time general manager, the board of directors of the overall supervision of invalidity would increase the chairman, showing a sound corporate governance mechanism can indeed effectively reduce credit risk production, between investors and companies reduce information asymmetry problems, a sound capital market development.