Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan.
碩士 === 國立政治大學 === 會計研究所 === 101 === This study is based on the hypothesis of the agency costs of overvalued equity that Jensen (2005) proposed and examines the relation between overvalued equity and three characteristics of independent director. Three characteristics of independent director are fina...
Main Author: | |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Online Access: | http://ndltd.ncl.edu.tw/handle/35625662781862395829 |
id |
ndltd-TW-101NCCU5385065 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-101NCCU53850652016-03-18T04:42:08Z http://ndltd.ncl.edu.tw/handle/35625662781862395829 Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. 獨立董事特性與權益市值高估-以台灣電子業上市公司為例 吳柏勳 碩士 國立政治大學 會計研究所 101 This study is based on the hypothesis of the agency costs of overvalued equity that Jensen (2005) proposed and examines the relation between overvalued equity and three characteristics of independent director. Three characteristics of independent director are financial or accounting expertise, average tenure and busy independent director. The sample of this study collected from listed electronic companies in Taiwan from 2010 to 2011.The empirical results are summarized as follows: 1.The higher percentage of independent director with financial or accounting expertise , more likely to restrain the extent of overvalued equity. 2.Average tenure of independent director and the percentage of busy independent director have no significant relation with the extent of overvalued equity. 郭弘卿 學位論文 ; thesis 45 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立政治大學 === 會計研究所 === 101 === This study is based on the hypothesis of the agency costs of overvalued equity that Jensen (2005) proposed and examines the relation between overvalued equity and three characteristics of independent director. Three characteristics of independent director are financial or accounting expertise, average tenure and busy independent director. The sample of this study collected from listed electronic companies in Taiwan from 2010 to 2011.The empirical results are summarized as follows:
1.The higher percentage of independent director with financial or accounting expertise , more likely to restrain the extent of overvalued equity.
2.Average tenure of independent director and the percentage of busy independent director have no significant relation with the extent of overvalued equity.
|
author2 |
郭弘卿 |
author_facet |
郭弘卿 吳柏勳 |
author |
吳柏勳 |
spellingShingle |
吳柏勳 Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
author_sort |
吳柏勳 |
title |
Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
title_short |
Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
title_full |
Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
title_fullStr |
Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
title_full_unstemmed |
Characteristics of independent director and overvalued equity:Evidence from listed electronic industry in Taiwan. |
title_sort |
characteristics of independent director and overvalued equity:evidence from listed electronic industry in taiwan. |
url |
http://ndltd.ncl.edu.tw/handle/35625662781862395829 |
work_keys_str_mv |
AT wúbǎixūn characteristicsofindependentdirectorandovervaluedequityevidencefromlistedelectronicindustryintaiwan AT wúbǎixūn dúlìdǒngshìtèxìngyǔquányìshìzhígāogūyǐtáiwāndiànziyèshàngshìgōngsīwèilì |
_version_ |
1718207925373108224 |