| Summary: | 碩士 === 龍華科技大學 === 企業管理系碩士班 === 102 === The main objective of this study is to discuss the relstionships among ownership structure, financial index and corporate value. To this purpose, ownership structure includes the proportion of managerial ownerships, owership of board of directors, the proportion of institutional ownerships, largest shareholding ratio, and the director also served as a manager. Financial index is includes debt ratio, current ratio, growth rate of revenue, and growth rate of total assers. In corporate value, I use Earnings Per Share( EPS ) and Return on Equity( ROE ). This study use multiple regression analysis to investigate the relationships among ownership structure, financial index and corporate value. The corporations, which entered the Taiwan stock market, are the study objects of this research. The reference material was collected from Taiwan Economic Journal( TEJ ), Market Observation Postsystem, and the Taiwan Stock Exchange from 2009 to 2012,excluding financial and insurance industry. The empirical results show that: (1) a significant positive relationship between the proportion of institutional ownerships and corporate value; the proportion of managerial ownerships and corporate value have positive correlation; owership of board of directors, largest shareholding ratio, the director also served as a manager, and corporate value have negative correlation. (2) a significant negative relationship between debt and corporate value; a significant positive relationship between growth rate of total assers and corporate value; current ratio and corporate value have negative correlation.
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