The relationship of financial holdings liabilities, systematic riskand shareholding structure

• Main Authors: Jun-Jie Huang, 黃俊傑
• Other Authors: Chi-Chen Lin
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/32884373810158436102

碩士 === 銘傳大學 === 會計學系碩士班 === 102 === This paper investigates the subsidiaries'' financial statements for listed companies whether it is relevant to information. Exploring the impact of the financial holding company''s equity value and systematic risk with sectors Information from the point of liabilities, financial leverage and corporate governance. The investigation objects are the listed financial holding companies in Taiwan, from 2008 until 2012. The empirical results show (1) the liabilities of subsidiary companies were a negative correlation with the value of equity of financial holding companies. (2) between the subsidiary companies and financial holding companies, the financial leverage and systemic risk was positively correlation. (3) the percentage of Insider shareholding was positively correlated with the equity value.(4) The degree of deviation from ownership structure were a negative correlation with the proportion of institutional ownership corporation. Overall, the financial statements and the information has relevance from subsidiary to the financial holding company, to enhance the transparency of information.