An Application of Corporate Governance Mechanisms in the Financial Distress Alerting Model-A Case Study in Taiwan
碩士 === 靜宜大學 === 會計學系研究所 === 95 === We use a sample of 327 listed companies in Taiwan from 1999 to 2006 to examine the relationship between non-financial variables, including corporate governance characteristics and the status of corporate’ investment in China, and financial distress. The results sho...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/39643545235285255092 |
| Summary: | 碩士 === 靜宜大學 === 會計學系研究所 === 95 === We use a sample of 327 listed companies in Taiwan from 1999 to 2006 to examine the relationship between non-financial variables, including corporate governance characteristics and the status of corporate’ investment in China, and financial distress. The results show that the predicting power of the financial distress alerting model is increased after considering non-financial variables. Within those non-financial variables, the percentage of the shareholding pledged for bank loans by board members, and employee turnover rate are significant positively related to the financial distress. The corporate’ investment in China is significant negatively related to the financial distress.
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