| Summary: | 碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 102 === Corporate Governance is the mechanism in which corporate management and supervision are developed. It aims to strengthen company policy while pursuing the greatest profits for the company. Overseas, corporate governance had been discussed and researched for years, but domestic research did not start until post Asian Financial Crisis in 1997. Many governments began adopting methods to fortify corporate governance after numerous shocks from scandals attempting to boost profits.
This research will investigate the influence of stock ownership structure and board characteristics on corporate performance. Corporate performance will be measured by ROA, ROE, and stock returns. By focusing on 2950 companies that went public between 2009 and 2012, the regression analysis shows the following.
1. The relationship between institutional investor shareholding ratio and ROA is significant.
2. The relationship between institutional investor shareholding ratio and ROE is significant.
3. The relationship between pledged shares ratio and ROE is significant.
4. The relationship between external directors and supervisors seats ratio and ROA is significant.
5. The relationship between external directors and supervisors seats ratio and ROE is significant.
6. It shows that the above variables in this research have non-significant relationship with stock returns.
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