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

• Main Authors: Shu-Hung Su, 蘇書弘
• Other Authors: Chao-Nan Chia
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/65547731561850353250

碩士 === 淡江大學 === 國際企業學系碩士在職專班 === 101 === This thesis first applies the event study analysis method to examine the impacts and the restorations of the after tax profits of the 14 firms of the construction industries in Taiwan after 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 in coping with the adverse external impact. The empirical event studies have shown that firms that have invested in extended area other than constructions performed better and that groups with higher proportions of shareholdings by the board members and by the top ten largest shareholders performed better than those with lower shareholdings proportions. On the contrary, firms with lower proportions of shareholdings by the domestic institute investor and the foreign institute investors performed better.