| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === This study investigates whether the mechanism of corporate governance and reputation would affect the corporate operating performance from 2006 to 2013. The sample includes stock firms listed in Taiwan Stock Exchange and OTC. The Panel Data regression is used to examine their relationship.
The empirical results indicate that both reputation and corporate governance mechanism affect corporate performance. Reputation has positive impact on corporate performance. The higher the firm’s reputation, the higher the firm’s operating performance. This paper also finds that the higher the institutional ownership, insiders’ ownership, and the ratio of voting rights to cash flow rights, the higher the firms’ operation performance. However, the ratio of share pledging by board members has negatively impacts on corporate performance, implying that higher ratio of shares pledging by board members will harm firm’s performance. Except for firms’ reputation, firms’ ownership structures also have impacts on firms’ performance.
|
|---|
