教師資料查詢 | 類別: 期刊論文 | 教師: 葉劍木 Chien Mu Yeh (瀏覽個人網頁)

標題:The influence of foreign institutional investors, institutional directors, and the share pledge ratio of directors on financial performance of tourism firms
學年107
學期2
出版(發表)日期2019/03/11
作品名稱The influence of foreign institutional investors, institutional directors, and the share pledge ratio of directors on financial performance of tourism firms
作品名稱(其他語言)
著者Chien Mu Yeh
單位
出版者
著錄名稱、卷期、頁數Tourism Economics 26(1), p.179-201
摘要Corporate governance is a critical component relevant to firm performance. In the tourism sector, corporate governance is an underexamined issue. The purpose of the current study is to bridge this gap by examining the influence of foreign institutional investors, institutional directors, and shares pledged by directors on tourism firms’ financial performance. Data are derived from listed tourism firms in Taiwan. Ordinary least square regressions and two-stage least square regressions are used to examine the hypotheses. Results show that the presence of foreign institutional investors and a low share pledge ratio of directors have significant effects on return on assets and Tobin’s Q. The presence of institutional directors has a positive effect on Tobin’s Q. Implications for owners, policy makers, and investors are discussed.
關鍵字foreign institutional investors;institutional directors;share pledge ratio;tourism governance
語言英文
ISSN2044-0375
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版
相關連結
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