| Summary: | 碩士 === 世新大學 === 企業管理研究所(含碩專班) === 97 === Because of the different environment of regulation between Taiwan and the Western countries, especially the individual investors (small stockholders) have less protection in law and regulation, so the largest stockholders often expropriate them and result in agency problem. In addition, Taiwan in recently years continuously implements the goal of improving corporate governance. Individual investors (small stockholders) can only exercise their rights in stockholder meeting, and it is also the mainly occasion that enterprises communicate with the individual investors (small stockholders). Therefore, if the stockholder meeting is held in much convenient location, the motivation of the enterprises to disclose information is strongly, and their information transparency is highly, too. Our sample includes firms listed on Taiwan’s stock market during the period of 2001 to 2007, to examine the relationship of corporate governance structure and the location of stockholder’s meeting.
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