The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment
碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === The purpose of this paper is to examine the effect of ownership structure and board characteristics on efficiency of business investment decisions from the perspective of core agency problem. In addition, we also investigate the monitoring effect of institution...
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ndltd-TW-103DYU011213122016-07-16T04:11:42Z http://ndltd.ncl.edu.tw/handle/33779257855327692396 The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment 股權結構與董事會特性對資本支出效率性之影響 Yu,Chi-Yu 余岐育 碩士 大葉大學 管理學院碩士在職專班 103 The purpose of this paper is to examine the effect of ownership structure and board characteristics on efficiency of business investment decisions from the perspective of core agency problem. In addition, we also investigate the monitoring effect of institutional ownership. The main feature of this study is that we use BCG model and divide the sample into several groups to measure the potential impact of ownership structure and board characteristics under different business types. We divide the agency problem into core agency problem and equity agency problem, and we explore the relation between corporate governance and inefficient investment under different business types. Finally, we explore efficient investment decisions whether firms increase investment opportunities and value. Overall, this paper can explain corporate governance can reduce inefficient investment and the efficient corporate governance can increase investment opportunities. Shih,Lun-Min Chang,Chun-Po 施倫閔 張椿柏 2015 學位論文 ; thesis 43 zh-TW |
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碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === The purpose of this paper is to examine the effect of ownership structure and board characteristics on efficiency of business investment decisions from the perspective of core agency problem. In addition, we also investigate the monitoring effect of institutional ownership. The main feature of this study is that we use BCG model and divide the sample into several groups to measure the potential impact of ownership structure and board characteristics under different business types. We divide the agency problem into core agency problem and equity agency problem, and we explore the relation between corporate governance and inefficient investment under different business types. Finally, we explore efficient investment decisions whether firms increase investment opportunities and value. Overall, this paper can explain corporate governance can reduce inefficient investment and the efficient corporate governance can increase investment opportunities.
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Shih,Lun-Min |
author_facet |
Shih,Lun-Min Yu,Chi-Yu 余岐育 |
author |
Yu,Chi-Yu 余岐育 |
spellingShingle |
Yu,Chi-Yu 余岐育 The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
author_sort |
Yu,Chi-Yu |
title |
The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
title_short |
The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
title_full |
The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
title_fullStr |
The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
title_full_unstemmed |
The Impacts of Ownership Structure and Board Characteristics on Efficiency of Business Capital Investment |
title_sort |
impacts of ownership structure and board characteristics on efficiency of business capital investment |
publishDate |
2015 |
url |
http://ndltd.ncl.edu.tw/handle/33779257855327692396 |
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