The Association between Corporate Governance and Operating Performance

• Main Authors: LEE, YAN-YEE, 李恩儀
• Other Authors: LIN, YU-CHIH
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/m88j47

碩士 === 國立雲林科技大學 === 會計系 === 105 === This study explores the association between corporate governance and operating performance. The sample period was 2014, and I used Taiwan public companies as my samples. This study examines companies’ operating performance from two perspectives: accounting performance and market performance. I uses Return on Assest (ROA) and Return on Equity (ROE) as dependent variables in measuring the accounting performance, as well as the Tobin’s Q and Stock Return as dependent variable in measuring the market performance. Independent variables were company size, debt ratio, dividend payout ratio, increasing rate of assests, increasing rate of fixed assests, industry characteristics and firm’s age. The results show that corporate governance are positively associated with Return on Assests, Retrun on Equity and Tobin’s Q. In other words, corporate governance and operating performance have significant positive relationship.