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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/56501
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    題名: 公司治理機制對個別類型投資人交易行為之影響性
    The Effect of Corporate Governance on the Trading of Different Trader Types
    作者: 賴可容
    貢獻者: 周冠男
    Robin K. Chou
    賴可容
    關鍵詞: 公司治理
    投資人
    持股比例
    交易量
    Corporate governance
    Investors
    Stockholdings
    Trading volumes
    日期: 2012
    上傳時間: 2013-01-02 13:21:41 (UTC+8)
    摘要: This paper discuss the issue of how corporate governance variables affect the cognitions of groups of investors to lead they separate their investment strategies in 1997-2011 sample period, the results indicate that firms with higher management stockholdings, lower blockholders’ shareholdings, smaller board size, more outside independent supervisors, CEO duality, and one of ultimate controllers served as chairman would be appealing to individual investors; the robust test from 2007 to 2011 only positively affects the investment strategies for foreign institutional investors.
    Moreover, we explore that lower blockholders’ stockings and smaller board size are favorable characteristics for investors to increase firms’ trading volumes but also the trading volatilities.
    Finally, we compute the corporate governance score for every sample company called CG-Index, and discover a perfect corporate governance mechanism would inspire investing motivations of domestic individuals and foreign institutions, after considering the information disclosure ranking in 5 years sample period, the stockholding of whole individual investors is indicated positive related to the corporate governance degree.
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    描述: 碩士
    國立政治大學
    財務管理研究所
    99357037
    101
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0099357037
    資料類型: thesis
    顯示於類別:[財務管理學系] 學位論文

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