Corporate Governance and Capability to Secure External Shocks: An Event of Rubber Industry in Taiwan

碩士 === 淡江大學 === 國際商學碩士在職專班 === 101 === This thesis first applies the event study analysis method to examine the impacts and the restorations of the operating incomes of the eight firms of the robber industry in Taiwan after the impact of the 2008 U.S. subprime financial crisis. Then the firms are ca...

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Bibliographic Details
Main Authors: Chia-Jen Yu, 余家禎
Other Authors: 賈昭南
Format: Others
Language:zh-TW
Published: 2013
Online Access:http://ndltd.ncl.edu.tw/handle/26834680930368758707
Description
Summary:碩士 === 淡江大學 === 國際商學碩士在職專班 === 101 === This thesis first applies the event study analysis method to examine the impacts and the restorations of the operating incomes of the eight firms of the robber industry in Taiwan after the impact of the 2008 U.S. subprime financial crisis. Then the firms are categorized into two groups based on four different shareholder structures to compare the capabilities of coping with the adverse external impact. The empirical event studies have shown that firms characterized with the followings were performing better during the period of crisis: (1) those with the product line listed in the upper stream of the supply chain, (2) those with higher proportions of business in foreign market, and (3) those operated also in China. Group studies have shown that firms with higher proportions of share held by the board members, by the ten largest shareholders, by domestic institute investors and by foreign institute investors performed better. However, the firms with lower proportions of shares held by the same four categories are more stable in terms of their operating incomes.