| Summary: | 碩士 === 國立東華大學 === 國際企業學系 === 103 === The debate between shareholder primacy and director primacy has been a major issue in modern corporate governance. Thanks to the development of Internet and information technology, the mechanism of e-voting has been devised and adopted in few developed countries, including Taiwan, as a manifestation of shareholder primacy. This thesis aims to study the effect of the adoption of e-voting on firm transparency and firm value. Based on agency theory, this thesis proposes that the adoption of e-voting positively influences firms’ transparency and firm value. Using the data of 768 firms listed in Taiwan Stock Exchange in 2013, this thesis found that the adoption of e-voting is positively correlated with firm transparency which, in turn, increases firm value. This thesis also found that the adoption of e-voting has no direct effect on firm value, suggesting that firm transparency fully mediates the relationship between the adoption of e-voting and firm value. The results bear important implications to the theory with regard to shareholder/director primacy and the voting practice of shareholder meeting for investors, firms, and policymakers. Keywords: E-voting, transparency, shareholder meeting, corporate governance
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