The Effects of Corporate Governance and Credit Rating on the Performance for the Taiwan's Life Insurers

• Main Authors: Chien-Tai Ke, 柯建臺
• Other Authors: Cheng-Po Lai
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/43452529555441403315

碩士 === 南華大學 === 財務金融學系財務管理碩士班 === 102 === 　　Insurance is an important mechanism of risk management, and therefore insurers must be sensitive to the risks faced by their own. Increasing the company's performance Through credit rating as well as corporate governance has become an important issue of insurance industry. Using 2004 to 2012 annual data, this study applies ordinary least squares (OLS) to investigate the effects of credit rating and corporate governance on performance, that is, ROA of the life insurers in Taiwan. Empirical results show that a credit rating, the proportion of managers' stock, major stockholder, controlling shareholders’ seats have significantly positive effects on ROA of life insurance companies. In contrast, boards of directors’ size has negative on ROA. Furthermore, the results show that non-linear relationship between credit rating, managers ' stock, major shareholder's stock, and board of directors seats on the ROA.