The Relationship between Proxy Fight and Corporate Governance
碩士 === 國立成功大學 === 企業管理學系碩博士班 === 95 === This paper analyzes a sample of firms experiencing proxy fights from 1988 to 2005. We compare the differences of financial and non-financial variables between the announcement day and the day after. AR on the announcement day and the day after are significant....
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| Format: | Others |
| Language: | en_US |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/51419895622714108502 |
| Summary: | 碩士 === 國立成功大學 === 企業管理學系碩博士班 === 95 === This paper analyzes a sample of firms experiencing proxy fights from 1988 to 2005. We compare the differences of financial and non-financial variables between the announcement day and the day after. AR on the announcement day and the day after are significant. EPS is the most important explanatory variable to announcement of AR. Finally, we find the performance of operating variables is also better than that before announcing. In our conclusion, proxy fight is really a good tool to monitor the incumbent management and it will change the seats of board to make the firm work effectively.
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