| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 104 === Along with the advanced information and technology, as well as many domestic and foreign companies and corporation scandals in recent year, people are getting to pay attention to the management of corporation seriously.The government also has begun to promote a number of related bills. There are many studies of affection of corporate performance, such as marketing strategy, research and development of technology, etc., but few have ever been on the impact from the related party transaction and the directors’ and officers’liability insurance.
This paper investigates whether the related parties’ transaction has impacts on corporate performance, with the focus on the moderating effects of directors’ and officers’ liability insurance. The empirical results indicate that the related party transaction purchase and sales have positive impacts on corporate earnings per share. But the ratio of the related parties’ endorsement has negative impact on corporate earnings per share. The moderating effects from the directors’ and officers’ liability insurance are negative, implying that the liability insurance weakens the relationship between the related parties’ transaction and corporate performance.
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