The Impacts of Handbook for the Annual Meeting of Shareholders on Foreign Ownership

• Main Authors: CHEN,HUNG-SU, 陳虹夙
• Other Authors: HUANG,SHAIO- YAN
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/6h7qp8

碩士 === 國立中正大學 === 會計資訊與法律數位學習碩士在職專班 === 105 === This paper study the company which has been implemented the Handbook for the Annual Meeting of Shareholders as the object. The implementation of the Handbook for the Annual Meeting of Shareholders has been carried out since the beginning of 2013. Therefore, this study takes the information from 2012 to 2016 as the sample, discussing whether the foreign ownership of a company increases after implementing the Handbook or not. The empirical results show that the holdings of the foreign investment doesn’t influenced by the situation that the companies implementing Handbook for the Annual Meeting of Shareholders, and thus increasing its holdings. The result showed a negative correlation and was not significant. Although the results show negative correlation and not significantly affected, in the case of information asymmetry and considering the timeliness and correctness of information, foreign capital will increase in the company size (Size) which showed a significant positive relationship; total return on assets (ROA) which showed a significant positive relationship; board size (BS) which showed a significant positive relationship; whether the company set up a Audit Committee (Audit) showed a significant positive relationship; whether the company's products export (Exr) showed a significant positive relationship; the BM Effect (M / B) which showed a significant positive relationship with the company.