| Summary: | 碩士 === 銘傳大學 === 管理學院高階經理碩士學程 === 96 === In recent years, a number of serious commercial fraud cases have occurred successively in Taiwan, such as Procomp, Infodisc, etc. Such cases can involve a great damage and loss to enterprises, including the corporate image and the prestige and public reliance of accounting firms and competent authorities, affecting the stock prices of companies management performance, and discouraging investors from holding shares of such firm. Nevertheless, what is the relationship between corporate governance and institutional investors’ share holding? In addition, it needs further study for what is the relatiobship between institutional investors’ holding shares and management performance of a financial holding company. Therefore, the study applies a total of 333 pieces of quarterly test data among 14 financial holding companies from year 2001 to 2007 for empirical analysis and research on the relationship among the cooperate governance, management performance and institutional investors shareholding ratio. It is expected that the research results of the study are able to provide the government and enterprises with significant reference when major strategic decisions and policies are made. The results of study are as follows:
1.There are negative correlation among the shareholding ratio of directors and supervisors of organization, shareholding ratio of foreign and securities investment. There are positive correlation among the shareholding ratio of directors and supervisors of organization, the medium-and-long-term market performance and shareholding ratio of dealers.
2.There are negative correlation between majority of shareholder''s shareholding ratio and the medium-and-shortterm market performance. There
are positive correlation between majority of shareholder''s shareholding ratio and shareholding ratio of dealers.
3.There are positive correlation among the shareholding ratio of administrant, long term market performance, and shareholding ratio of foreign. When shareholding ratio of administrant are up to some degree, long term market performance and shareholding ratio of foreign will become less and less.
4.There are negative correlation among the scale of board, shareholding ratio of securities investment and dealers. When scale of board are up to some degree, shareholding ratio of securities investment and dealers will become less and less.
5.There are positive correlation among the number of supervisors, medium term market performance, and shareholding ratio of dealers.
6.There are negative correlation among the independent board director establishment, shareholding ratio of foreign, and short term market performanc. There are positive correlation among the independent board director establishment, medium-and-long-term market performance, and shareholding ratio of dealers.
7.There are negative correlation among shareholders controlling their board sizes of corporations, medium-and-long-term market performance, and ROA. There are positive correlation between shareholders controlling their board sizes of corporations and shareholding ratio of securities investment.
8.There are positive correlation among attestation of four professional accounting firms, short-and-long-term market performance, shareholding ratio of dealers and foreign. There are negative correlation between attestation of four professional accounting firms and medium term market performance.
9.There are positive correlation between shareholding ratio of foreign and midium-and-short-term market performance.
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