教師資料查詢 | 類別: 期刊論文 | 教師: 莊忠柱 Chung-chu Chuang (瀏覽個人網頁)

標題: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
語言英文
ISSN1881-803X
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
國別日本
公開徵稿
出版型式,電子版
相關連結
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