An analysis of corporate governance of Taiwan cross-listed firms
碩士 === 中原大學 === 會計研究所 === 94 === This study investigates the change of corporate governance after cross-listing for Taiwanese firms with international business activities. More companies prefer overseas financing in recent years. It can attribute to increasing multination business activities. Two ma...
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ndltd-TW-094CYCU53850142016-06-01T04:21:55Z http://ndltd.ncl.edu.tw/handle/47162210694973500081 An analysis of corporate governance of Taiwan cross-listed firms 台灣海外籌資企業公司治理之分析 Mao-Hung Tu 杜茂弘 碩士 中原大學 會計研究所 94 This study investigates the change of corporate governance after cross-listing for Taiwanese firms with international business activities. More companies prefer overseas financing in recent years. It can attribute to increasing multination business activities. Two major financing instruments used by Taiwanese firms are deposit receipts (ADR or GDR) and Euro convertible bond (ECB). Empirical results show that board number, board independent and outside ownership structure after cross-listings. In addition, the outsider ownership structure, board independent and blockholder before one year is significantly different. The proportion of financial institution and foreign ownership of cross-listing firms is higher and with lower board ownership, implying that better ownership structure is associated with cross-listing.In time series, cross-listing company have higher proportion of financial institution and foreign ownership and with lower forecast error. As examining the flotation spot and approach , there is no significant difference. Board of directors independent character improve significant .As examining the flotation scale, issuing ECB that audit quality and Institutional Investors holdings are higher . However, the association between flotation scale and corporate governance, there is no consistence conclusion. none 廖益興 2006 學位論文 ; thesis 74 zh-TW |
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碩士 === 中原大學 === 會計研究所 === 94 === This study investigates the change of corporate governance after cross-listing for
Taiwanese firms with international business activities. More companies prefer
overseas financing in recent years. It can attribute to increasing multination business
activities. Two major financing instruments used by Taiwanese firms are deposit
receipts (ADR or GDR) and Euro convertible bond (ECB).
Empirical results show that board number, board independent and outside
ownership structure after cross-listings. In addition, the outsider ownership structure,
board independent and blockholder before one year is significantly different. The
proportion of financial institution and foreign ownership of cross-listing firms is
higher and with lower board ownership, implying that better ownership structure is
associated with cross-listing.In time series, cross-listing company have higher
proportion of financial institution and foreign ownership and with lower forecast
error.
As examining the flotation spot and approach , there is no significant difference.
Board of directors independent character improve significant .As examining the
flotation scale, issuing ECB that audit quality and Institutional Investors holdings
are higher . However, the association between flotation scale and corporate
governance, there is no consistence conclusion.
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author2 |
none |
author_facet |
none Mao-Hung Tu 杜茂弘 |
author |
Mao-Hung Tu 杜茂弘 |
spellingShingle |
Mao-Hung Tu 杜茂弘 An analysis of corporate governance of Taiwan cross-listed firms |
author_sort |
Mao-Hung Tu |
title |
An analysis of corporate governance of Taiwan cross-listed firms |
title_short |
An analysis of corporate governance of Taiwan cross-listed firms |
title_full |
An analysis of corporate governance of Taiwan cross-listed firms |
title_fullStr |
An analysis of corporate governance of Taiwan cross-listed firms |
title_full_unstemmed |
An analysis of corporate governance of Taiwan cross-listed firms |
title_sort |
analysis of corporate governance of taiwan cross-listed firms |
publishDate |
2006 |
url |
http://ndltd.ncl.edu.tw/handle/47162210694973500081 |
work_keys_str_mv |
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