The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder
碩士 === 淡江大學 === 會計學系碩士班 === 96 === This paper investigates the relationship between governance attributes and credit ratings, firm systematic risk, firm-specific risk, and ROE risk. We find that firms with a greater proportion of their shares held by activist institutions and officers have lower ris...
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ndltd-TW-096TKU053850382015-10-13T13:47:54Z http://ndltd.ncl.edu.tw/handle/50802977334817937791 The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder 企業風險與公司治理關聯性之研究-以利害關係人觀點分析 I-Hua Pan 潘怡樺 碩士 淡江大學 會計學系碩士班 96 This paper investigates the relationship between governance attributes and credit ratings, firm systematic risk, firm-specific risk, and ROE risk. We find that firms with a greater proportion of their shares held by activist institutions and officers have lower risk of credit ratings, and lower firm systematic risk, firm-specific risk and ROE risk. And firms with a greater proportion of their shares held by blockholders have higher risk of credit ratings, lower firm systematic risk and higher firm-specific risk. Higher place of independent directors and inspectors result in lower risk of credit ratings and lower ROE risk, and greater proportion of their shares held by directors and inspectors have higher risk of credit ratings. We also find that firms reporting with higher quality have lower risk of credit ratings and lower firm systematic risk, firm-specific risk, and ROE risk, and firms reporting with higher timeliness have lower risk of credit ratings, lower firm-specific risk and ROE risk. Our results show that a firm with better governance could decrease the risk of bondholders, stockholders, enterprise and other stakeholders. 黃振豊 2008 學位論文 ; thesis 71 zh-TW |
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碩士 === 淡江大學 === 會計學系碩士班 === 96 === This paper investigates the relationship between governance attributes and credit ratings, firm systematic risk, firm-specific risk, and ROE risk. We find that firms with a greater proportion of their shares held by activist institutions and officers have lower risk of credit ratings, and lower firm systematic risk, firm-specific risk and ROE risk. And firms with a greater proportion of their shares held by blockholders have higher risk of credit ratings, lower firm systematic risk and higher firm-specific risk. Higher place of independent directors and inspectors result in lower risk of credit ratings and lower ROE risk, and greater proportion of their shares held by directors and inspectors have higher risk of credit ratings. We also find that firms reporting with higher quality have lower risk of credit ratings and lower firm systematic risk, firm-specific risk, and ROE risk, and firms reporting with higher timeliness have lower risk of credit ratings, lower firm-specific risk and ROE risk. Our results show that a firm with better governance could decrease the risk of bondholders, stockholders, enterprise and other stakeholders.
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author2 |
黃振豊 |
author_facet |
黃振豊 I-Hua Pan 潘怡樺 |
author |
I-Hua Pan 潘怡樺 |
spellingShingle |
I-Hua Pan 潘怡樺 The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
author_sort |
I-Hua Pan |
title |
The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
title_short |
The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
title_full |
The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
title_fullStr |
The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
title_full_unstemmed |
The Relationship between Enterprise Risk and Corporate Governance- analysis from the perspective of stakeholder |
title_sort |
relationship between enterprise risk and corporate governance- analysis from the perspective of stakeholder |
publishDate |
2008 |
url |
http://ndltd.ncl.edu.tw/handle/50802977334817937791 |
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