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| Title: | 公司治理與財務危機：以經營不善之上市櫃公司為例 |
| Authors: | 吳立勤 |
| Contributors: | 張清福
吳立勤 |
| Keywords: | 財務危機
經營不善型財務危機
掏空型財務危機
離散時間涉險分析
financial distress
operating-failure financial distress
fraud financial distress
discrete-time survival model |
| Date: | 2006 |
| Issue Date: | 2009-09-18 09:07:04 (UTC+8) |
| Abstract: | 本研究將財務危機分為『經營不善型財務危機』以及『掏空型財務危機』兩種類型，運用離散時間涉險方法，分析公司在不同財務狀況以及公司治理機制下，發生『經營不善型財務危機』的可能性。另外，本研究也探討『經營不善型財務危機』對公司獲利能力的敏感性，是否也受到公司治理的影響。
以民國85-94年上市櫃公司為研究對象，實證結果顯示當公司治理機制強，而財務狀況弱時，最有可能發生『經營不善而非掏空型』財務危機。再者，公司治理機制，會增強財務危機對財務狀況的敏感程度。
This study classifies financial distress into two types: operating-failure financial distress and fraud financial distress. Based on business performance and corporate governance while employing discrete-time survival model, it analyzes the probability of the operating-failure financial distress. Furthermore, this study also examines if the sensitivity of operating-failure financial distress to profitability is moderated by corporate governance.
Firms listed in Taiwan Stock Exchange during 1996-2005 are selected as sample. The empirical results indicate that firms with good corporate governance and bad business performance are most likely to encounter operating-failure financial distress. Furthermore, the corporate governance moderates the sensitivity of the operating-failure financial distress to profitability. |
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| Description: | 碩士
國立政治大學
會計研究所
94353040
95 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0094353040 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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