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博碩士論文 etd-0712107-181812 詳細資訊
Title page for etd-0712107-181812
論文名稱
Title
董事會議事錄及公司績效之分析
The Analysis of Board Agenda and Firm Performance
系所名稱
Department
畢業學年期
Year, semester
語文別
Language
學位類別
Degree
頁數
Number of pages
75
研究生
Author
指導教授
Advisor
召集委員
Convenor
口試委員
Advisory Committee
口試日期
Date of Exam
2007-07-07
繳交日期
Date of Submission
2007-07-12
關鍵字
Keywords
董事會結構、股權結構、董事會議事錄、公司治理
Shareholder structure, Board agenda, Board structure, Corporate governance
統計
Statistics
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中文摘要
本文利用台灣各大上市公司於2003年到2005年所公佈的董事會議事錄內容去進行研究與分析,探討影響董事會議事錄內容的原因,以及董事會議事錄內容對於公司績效的影響。根據實證結果發現,公司股權結構的組成對於董事會討論的議案會有影響,且還呈現非線性的U型關係。至於公司董事會結構方面,當公司存在獨立董事時,會使董事會開會議案呈現多元性,且有獨立董事存在的董事會其討論議案數量會增加。對董事會議案內容產生影響的主要因素是在於公司特性。關於董事會議事錄內容對於公司績效的影響,研究發現當公司決策議案的討論數量多於監督議案時,則公司績效會提升,而策略性決策議案、股利決策議案與積極性議案也會使公司績效提高;至於監督種類的議案與公司治理之監督議案討論增加時,反而會造成公司績效下降。董事會議事錄內容對於公司績效的影響主要是表現在公司ROA上面,反倒是對於公司股價的異常報酬率並不會產生影響。且本文實證結果也發現董事會議事錄內容與公司績效間並不存在同期的因果關係。
Abstract
none
目次 Table of Contents
第一章 緒論...................................... 1
第一節 研究動機與目的........................................1
第二節 研究貢獻與限制........................................3
第三節 研究架構..............................................4
第四節 研究流程圖............................................5
第二章 文獻回顧.................................. 6
第一節 公司股權結構與公司績效................................6
第二節 董事會組成結構與公司經營績效..........................7
第三章 研究設計與方法........................... 10
第一節 樣本選取標準與樣本期間...............................10
第二節 研究假說.............................................10
第三節 變數之衡量...........................................13
第五節 研究方法.............................................17
第四章 實證結果與分析........................... 24
第一節 敘述統計分析.........................................24
第二節 探討影響議事錄內容之原因.............................26
第三節 董事會議事錄內容對於公司績效之影響...................39
第四節 董事會議事錄內容與公司績效當期關係分析...............48
第五章 結論與建議............................... 62
參考文獻........................................ 64
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