Does Corporate Governance Really Predict Future Stock Returns？Empirical Tests on Merger and Acquisition Activities
碩士 === 國立臺灣大學 === 財務金融學研究所 === 93 === This article examines the hypothesis proposed by Gompers, Ishii and Metrick (GIM) in 2003, arguing that governance provisions cause higher agency costs which were underestimated by investors. My empirical results show that the effect of governance provisions (Go...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2005
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| Online Access: | http://ndltd.ncl.edu.tw/handle/57353019962820332775 |