Summary: | 碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 106 === This study employs the the Taiwan listed companies with the occurance of financial crisis during 2005 and 2017 as the experiment sample to investigate whether the facial lanmarks of CEOs and CFOs play the important role in determining the occurrence of financial crisis. The measures of facial lanmarks include “The ratio of the size of eyes and face”, “The ratio of the size of nose and face”, “The ratio of the size of mouth and face”, “The ratio of the size of eyes and mouth” and “The ratio of the size of left eye and right eye”, which are all estimated by “OpenCV”. Empirical results of this study show that the likelihood of the occurrence of financial crisis may become higher when managers (CEOs, CFOs) have higher “Eyes to Face” ratio, lower “Nose to Face” ratio, or higher deviation of “Left Eye to Right Eye”.
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