The Relationship between Corporate Governance and Liquidity Creation an International Analysis

碩士 === 南台科技大學 === 財務金融系 === 98 === The researchers selected 776 banks operated in G20 countries and Taiwan at the period from 2002 to 2008 as samples. We also obtained information from the BANKSCOPE database and adapted ordinary least square (OLS) to execute the study. Several findings can be confir...

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Bibliographic Details
Main Authors: Mei-Yu Wu, 吳美毓
Other Authors: Hsiao-Jung Chen
Language:zh-TW
Published: 2010
Online Access:http://ndltd.ncl.edu.tw/handle/15404762984471740191
Description
Summary:碩士 === 南台科技大學 === 財務金融系 === 98 === The researchers selected 776 banks operated in G20 countries and Taiwan at the period from 2002 to 2008 as samples. We also obtained information from the BANKSCOPE database and adapted ordinary least square (OLS) to execute the study. Several findings can be confirmed. First of all, it presented an inverted U-type relationship between corporate governance and liquidity creation. This also stated the extent of corporate governance below a certain critical value and the internal directors acted as the key indicators or banks will create more liquidity creation. In addition, this study scrutinizes the scale of the bank under the circumstances and extent in the development of the relationship between the two. The result revealed that the small banks and large banks of Corporate Governance for the liquidity creation were influential, but both were a linear relationship. This study also discusses the relationship between liquidity creation and capital. The results indicated that the small inter-bank liquidity creation and capital was negatively correlated, corresponding to “financial fragility-crowding out”. It was also found that it achieved significant correlation between large inter-bank capital and liquidity creation, with the identification in “risk absorption.”