政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/119874
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 112704/143671 (78%)
造访人次 : 49722359      在线人数 : 619
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/119874


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/119874


    题名: CEO之生肖與星座對公司風險承擔的影響
    The impact of CEO’s constellation and Chinese zodiac on firm risk-taking
    作者: 張于真
    Chang, Yu-Chen
    贡献者: 詹凌菁
    張于真
    Chang, Yu-Chen
    关键词: CEO特徵
    公司風險承擔
    生肖
    星座
    CEO traits
    Firm risk-taking
    Chinese zodiac
    Constellation
    日期: 2018
    上传时间: 2018-09-03 15:47:04 (UTC+8)
    摘要: 相較於先前的研究將焦點大多放在CEO的人口學特徵對公司風險承擔的影響,本研究主要利用CEO的生肖特徵及星座特徵,探討CEO的心理學特徵對公司風險承擔的影響,並同時考慮CEO的人口學特徵。本研究以2000年至2014年之BoardEx中的CEO樣本進行分析。實證結果發現,保守生肖的CEO傾向對風險採取保守態度,且喜歡較保守的公司策略:至於星座方面,保守星座的CEO喜歡保守的公司策略。額外測試更指出實證結果在高科技產業中愈發明顯。總括而言,此結果顯示CEO的個人特徵與公司風險承擔的具相關性。
    Compared with prior studies mostly focus on the influences of CEO demographic characteristics on firm risk-taking, this study uses Chinese zodiac traits and constellation traits as the proxy variables for CEO psychological traits and takes into consideration demographic characteristic variables to analyze the relationship between CEO traits and firm risk-taking. My sample consists of CEOs who are covered by the BoardEx database over the period 2000-2014. The results show that CEOs with more conservative Chinese zodiacs are less risky and prefer more conservative firm policies, and CEOs with more conservative constellation signs prefer more conservative firm policies. Further analyses reveal that these findings are more pronounced among firms in the high-tech sector. Overall, my finding suggests that a CEO’s personal trait is associated with the riskiness of the firm and firm policies.
    參考文獻: Adams, R., Almeida, H., & Ferreira, D. (2005). Powerful CEOs and Their Impact on Corporate Performance. The Review of Financial Studies, 18(4), 1403-1432.
    Allgood, S., & Farrell, K. (2003). The Match between CEO and Firm. The Journal of Business, 76(2), 317-341.
    Barker, V., & Mueller, G. (2002). CEO Characteristics and Firm R&D Spending. Management Science, 48(6), 782-801.
    Beaver, W., Kettler, P., & Scholes, M. (1970). The Association between Market Determined and Accounting Determined Risk Measures. The Accounting Review, 45(4), 654-682.
    Bennedsen, M., Pérez-González, F., & Wolfenzon, D. (2008). Do CEOs Matter? Working paper, Columbia University.
    Bertrand, M., & Schoar, A. (2003). (2003). Managing with style: The Effect of Managers on Firm Policies. Quarterly Journal of Economics, 118(4), 1169-1208.
    Boehm S. A., Dwertmann, David J. G., Bruch, H., & Shamir, B. (2015). The missing link? Investigating organizational identity strength and transformational leadership climate as mechanisms that connect CEO charisma with firm performance. The Leadership Quaterly, 26(2), 156-171.
    Bolton, P., Brunnermeier, M., & Veldkamp, L. (2013).. Leadership, Coordination, and Corporate Culture. The Review of Economic Studies, 80(2 (283)), 512-537.
    Brookman, J., & Thistle, P. D. (2009). CEO tenure, the risk of termination and firm value. Journal of Corporate Finance, 15(3), 331-344
    Byrnes, J. P., Miller, D. C., & Schafer, W. D. (1999). Gender Differences in Risk taking: A Meta-analysis. Psychological Bulletin, 125(3), 367-383.
    Calori, R., Johnson, G., & Sarnin, P. (1994). CEOs` Cognitive Maps and the Scope of the Organization. Strategic Management Journal, 15(6), 437-457.
    Claessens, S., Djankov, S., & Lang, Larry H. P. (2000). The Separation of Ownership and Control in East Asian Corporation. Jounal of Financial Economics, 58(1-2), 81-112.
    Colbert, A. E., Barrick, M. R., & Bradley, B. H. (2014). Personality and Leadership Composition in Top Management Teams: Implications for Organizational Effectiveness. Personnel Psychology, 67(2), 351-387.
    Dechow, P. M., & Sloan R. G. (1991). Executive incentives and the horizon problem: An empirical investigation. Journal of Accounting and Economics, 14(1), 51-89.
    Goel, A., & Thakor, A. (2008). Overconfidence, CEO Selection, and Corporate Governance. Jounal of Finance, 63(6), 2737-2784.
    Graham, J. R., Harvey, C. R., & Puri, M. (2013). Managerial attitudes and corporate actions. Journal of Financial Economics, 109(1), 103-121.
    Hambrick, D. C., & Mason, P. A. (1984). Upper Echelons: The Organization as a Reflection of Its Top Managers. The Academy of Management Reciew, 9(2), 193-206.
    Hambrick, D. C., & Gregory D. S. Fukutomi. (1991). The Seasons of a CEO`s Tenure. The Academy of Management Review, 16(4), 719-742.
    Hambrick, D. C., Black S., & J. W. Fredrickson, J. W. (1992). Executive leadership of the high-technology firm: What`s so special about it? in L. R. Gomez-Mejia, M. W. Lawless, eds. Top Management and Effective Leadership in High Technology,, JAI Press
    Hambrick, D. C., Geletkanycz, M. A., & Fredirckson, J. W. (1993). Top Executive Commitment to the Status Quo: Some Tests of Its Determinants. Strategic Management Journal, 14(6), 401-418.
    Heaton, J. (2002). Managerial Optimism and Corporate Finance, Financial Management, 31(2), 33-45
    Heaton, S., & Odean, T. (2011). Overconfidence, Compensation Contracts, and Capital Budgeting. Jounal of Finance, 66(5), 1735-1777.
    Hirshleifer, D. (1993). Managerial Reputation and Corporate Investment Decisions. Financial Management, 22(2), 145-160.
    Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.
    Kaplan, S. N., Klebanov M., & Sorensen, M. (2012). Which CEO Characteristics and Abilities Matter? Jounal of Finance, 67(3), 973-1007.
    Kile C. O., & Phillips M. E. (2009) Using industry classification codes to sample high-technology firms: analysis and recommendations. Journal of Accounting, Auditing & Finance, 24(1), 35-58.
    Li, K., Griffin, D. W., Yue, H., & Zhao, L. (2013). How does culture influence corporate risk-taking? Jounal of Corporate Finance, 23, 1-22.
    Matta, E., & Beamish, P. (2008). The Accentuated CEO Career Horizon Problem: Evidence from International Acquisitions. Strategic Management Journal, 29(7), 683-700.
    Miller, D. (1991). Stale in the Saddle: CEO Tenure and the Match between Organization and Environment. Management Science, 37(1), 34-52.
    Mohamed, E. B., Jarboui, S., Bacaar, A., & Bouri, A. (2015). On the Effect of CEO’s Personal Characteristics in Transport Firm Value? A Stochastic Frontier Model. Case Studies on Transport Policy, 3(2), 176-181.
    Pegels, C., & Yang, B.(2000). Top Management Team Impact on Strategic Assets Accumulation Capabilities. Management Decision, 38(10), 694-710.
    Rajagopalan, N., & Datta, D. (1996). CEO Characteristics: Does Industry Matter? The Academy of Management Journal, 39(1), 197-215.
    Rogers, M., & Glendon, A. I. (2003). Blood type and personality. Personality and Individual Differences, 34(7), 1099–1112.
    Ryan, H., & Wiggins, R. (2002). The Interactions between R&D Investment Decisions and Compensation Policy. Financial Management, 31(1). 5-29
    Serfling, M. (2014). CEO Age and the Riskiness of Corporate Policies. Jounal of Corporate Finance, 25, 251-273.
    Thomas, A. S., Litschert, R. J., & Ramaswamy, K. (1991). The Performance Impact of Strategy-Manager Co-Alignment: An Empirical Examination. Strategic Management Journal, 12(7), 509-522.
    Wu, S. (2013). Chinese Astrology: Exploring the Eastern Zodiac. Wayne, NJ: New Page Books.
    描述: 碩士
    國立政治大學
    會計學系
    105353011
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0105353011
    数据类型: thesis
    DOI: 10.6814/THE.NCCU.ACCT.047.2018.F07
    显示于类别:[會計學系] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    301101.pdf652KbAdobe PDF2246检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈