關鍵字查詢 | 類別:期刊論文 | | 關鍵字:and Default Risk in Taiwan

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序號 學年期 教師動態
1 103/2 財金系 黃健銘 助理教授 期刊論文 發佈 A Note on Board Characteristics, Ownership Structure, and Default Risk in Taiwan , [103-2] :A Note on Board Characteristics, Ownership Structure, and Default Risk in Taiwan期刊論文A Note on Board Characteristics, Ownership Structure, and Default Risk in TaiwanChiang, S.M.; Chung, H.M.; Huang, Chien-MingCorporate governance;Default risk;Ownership structure;Board characteristics;Kealhofer, McQuown and Vasicek modelAccounting and Finance 55(1), p.57-74This study applies dynamic generalized method of moments estimation to examine the influences of ownership structure and board characteristics on default risk for a full samples and two subsamples (high‐tech and conventional) of publicly listed firms in Taiwan. Our findings reveal that certain characteristics of corporate governance have explanatory power for default probability, but the impact is not straightforward. In particular, the impact of internal and external governance structures on default risk is industry dependent. Accordingly, governance proposals that encourage higher ownership among directors and large block shareholdin
2 96/2 財金系 黃健銘 助理教授 期刊論文 發佈 臺灣金融機構公司治理特性與違約風險之探討 , [96-2] :臺灣金融機構公司治理特性與違約風險之探討期刊論文臺灣金融機構公司治理特性與違約風險之探討The Relationship between Corporate Governance and Default Risk in Taiwan's Financial Institution黃健銘; 簡郁蓉; 鄭婉秀公司治理特性;違約風險;混合迴歸;監督機制;Corporate governance;Default risk;Pooled regression;Monitoring mechanism會計與公司治理 5(1), p.33-53本研究目的在於探討國內金融機構公司治理特性對違約風險的影響。對於公司治理特性將著重於經營績效與股權結構的分析,相關產業涵蓋銀行業、壽險業、證券業和產險業,違約風險的衡量採用KMV模型進行推估,樣本資料採用具橫斷面及時間序列資料特性的縱橫資料(panel data)進行混合迴歸(pooled regression)估計。另外考量國內銀行業近年弊案不斷,故針對銀行業進行子樣本實證分析,於模型中分別引入內外部監督變數予以探討。在全樣本實證結果方面,獲利指標、流動性和大股東持股比率皆與違約風險呈現負向顯著關係。而銀行業方面,獲利指標對銀行違約風險呈現不顯著結果,流動性與資本適足率則呈現負向的顯著關係。在股權結構方面,經理人持股和機構法人持股對違約風險呈現負向影響,監察人持股則為正向關係。zh_TW1810-5149國內是TWN
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