The Study on the Relationship between Corporate Governance and Economic Value Added in Taiwan Stock Market

碩士 === 僑光科技大學 === 管理研究所 === 99 === The purpose of this study discusses the relationship between the corporate governance (including: Board Structure and Ownership Structure) and EVA (Economic Value Add) with Taiwan ETF50 in 2011. There are 6 hypotheses were made in this study. The findings in this s...

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Bibliographic Details
Main Authors: Chang Chun-Chieh, 張竣傑
Other Authors: Fu Hsiu-Jen
Format: Others
Language:zh-TW
Published: 2011
Online Access:http://ndltd.ncl.edu.tw/handle/88250343153988915500
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Summary:碩士 === 僑光科技大學 === 管理研究所 === 99 === The purpose of this study discusses the relationship between the corporate governance (including: Board Structure and Ownership Structure) and EVA (Economic Value Add) with Taiwan ETF50 in 2011. There are 6 hypotheses were made in this study. The findings in this study are: 1, There was the positive correlation between the size of board and the ratio of institutional investors’ shareholding; the negative correlation between the size of board and the ratio of overseas foreign institutional investors’ shareholding. 2, There was the positive correlation between CEO (Chief Executive Officer) duality and the ratio of managers’ shareholding. 3, There were no significant association between the size of board and the ratio of large shareholders’ shareholding. 4, The size of board has negative impact on EVA; the ratio of large shareholders’ shareholding and the ratio of overseas foreign institutional investors’ shareholding has positive impact on EVA; The CEO duality, the ratio of board ownership, the ratio of managers’ shareholding, and the shares of institutional investors holding were no significant correlation with EVA.