Ultimate Control Rights as Moderators of the Relationship between Market Power and Efficiency: The Case of the Taiwanese Life Insurance Industry
學年 106
學期 1
出版（發表）日期 2017-08-01
作品名稱 Ultimate Control Rights as Moderators of the Relationship between Market Power and Efficiency: The Case of the Taiwanese Life Insurance Industry
作品名稱（其他語言）
著者 Chuang Chung-Chu; Yu-Chieh Tang
單位
出版者
著錄名稱、卷期、頁數 ICIC Express Letters 11(8), p.1285-1291
摘要 The corporate governance mechanism can help balance the expansion of market power and the maximization of efficiency. This study utilizes the stochastic frontier approach to measure efficiency, and the doubly censored Tobit regression to investigate the relationships among market power, ultimate control rights, and efficiency in the Taiwanese life insurance industry. The empirical results show that the market power negatively affects efficiency. As the component of ultimate control rights is a moderating variable, the control right weakens the negative effect of market power on efficiency but cash flow right enhances the negative effect of market power on efficiency. Thus, the findings of this study can serve as a reference for determining resource allocation, formulating marketing strategy and corporate governance policies.
關鍵字 Corporate governance;Market power;Efficiency;Ultimate control rights
語言 en
ISSN 1881-803X
期刊性質 國外
收錄於 EI
產學合作
通訊作者 Chuang, Chung-Chu
審稿制度 是
國別 JPN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/111846 )

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