The Association between Industry Profession of Board of Directors and Administrative Sanction – Evidence from the Financial Industry

• Main Authors: Chih-Hsuan Hsu, 徐芷萱
• Other Authors: Chia-Chi Lu
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/6jqpev

碩士 === 國立中央大學 === 會計研究所 === 107 === The outbreak of the XPEC Entertainment case has caused a discussion on the issue of the independent director. Investors are particularly concerned about whether the professional ability of independent directors can effectively supervise the company. In recent years, numerous research has discovered that the textual disclosures are informative. The public information disclosure in the annual report is also an information with information content. In addition, the regulations stipulate the information that the company should disclose. Thus, this study is to explore whether the professional of board of directors is consistent with the professional requirements of the industry. The information disclose about the professional background of directors in the annual report can be used for analysis. In the research methods and processes of this study use text mining techniques to provide a new method for establishing variables. This study uses the new method to analyzes the professional background which disclose in the annual report of Taiwan’s public companies in financial industry. The result show that the influence of the management profession of independent directors in the financial industry is higher than the board of directors. If the proportion of management of independent directors is high, it can reduce the incidence of administrative sanction.