The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model
碩士 === 國立臺灣大學 === 財務金融學研究所 === 95 === Corporate governance is still an important issue nowadays. This study aims at exploring the relationship between the variables of corporate governance and operating performance of a firm using LISREL model. This study chooses six factors affecting the quality of...
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ndltd-TW-095NTU053040622015-12-07T04:04:13Z http://ndltd.ncl.edu.tw/handle/98493139207130681795 The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model 公司治理與公司績效關聯性之研究-應用LISREL模型 Min-I Chung 鍾旻宜 碩士 國立臺灣大學 財務金融學研究所 95 Corporate governance is still an important issue nowadays. This study aims at exploring the relationship between the variables of corporate governance and operating performance of a firm using LISREL model. This study chooses six factors affecting the quality of corporate governance, including board size, board leadership, board composition, ownership structure, entrenchment effect, and the transparency of information disclosure, as the exogenous variables of latent variables in LISREL. Through this structural equation model, we intend to observe the effect of six factors on operating performance, which is the endogenous variable of latent variables, of all listed companies of the Taiwan Stock Exchange Corporation (TSEC) and the Over-the-Counter market (OTC). Empirical results indicate that there is a negative relation between board size and operating performance. Furthermore, there is also an inverse association between board leadership and operating performance. Board composition, ownership structure, and the transparency of information disclosure affect operating performance positively. However, based on our data, we couldn’t find significant evidence to support that entrenchment effect impacts operating performance negatively. 楊朝成 2007 學位論文 ; thesis 54 en_US |
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碩士 === 國立臺灣大學 === 財務金融學研究所 === 95 === Corporate governance is still an important issue nowadays. This study aims at exploring the relationship between the variables of corporate governance and operating performance of a firm using LISREL model. This study chooses six factors affecting the quality of corporate governance, including board size, board leadership, board composition, ownership structure, entrenchment effect, and the transparency of information disclosure, as the exogenous variables of latent variables in LISREL. Through this structural equation model, we intend to observe the effect of six factors on operating performance, which is the endogenous variable of latent variables, of all listed companies of the Taiwan Stock Exchange Corporation (TSEC) and the Over-the-Counter market (OTC).
Empirical results indicate that there is a negative relation between board size and operating performance. Furthermore, there is also an inverse association between board leadership and operating performance. Board composition, ownership structure, and the transparency of information disclosure affect operating performance positively. However, based on our data, we couldn’t find significant evidence to support that entrenchment effect impacts operating performance negatively.
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楊朝成 |
author_facet |
楊朝成 Min-I Chung 鍾旻宜 |
author |
Min-I Chung 鍾旻宜 |
spellingShingle |
Min-I Chung 鍾旻宜 The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
author_sort |
Min-I Chung |
title |
The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
title_short |
The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
title_full |
The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
title_fullStr |
The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
title_full_unstemmed |
The Correlation between Corporate Governance and Operating Performance-Apply LISREL Model |
title_sort |
correlation between corporate governance and operating performance-apply lisrel model |
publishDate |
2007 |
url |
http://ndltd.ncl.edu.tw/handle/98493139207130681795 |
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