The Association among Corporate Governance, Earnings Persistence and Dividend Policy

• Main Authors: HSIEH,TSUNG-YIN, 謝宗穎
• Other Authors: LIU,CHUN-JU
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/81283698444667220118

碩士 === 東海大學 === 會計學系 === 104 === The purpose of the paper was to discuss the relationship between earning persistence, corporate governance and dividend payout during the period from 2010 to 2014 for Taiwan’s listed electronics industry companies. This study used principal component analysis (PCA) to measures corporate governance and used Structural Equation Modeling (SEM) and boots trapping to find out the result. The result of the dissertation are: (1) Corporate governance was significantly positively related to earning persistence；(2) Earning persistence was significantly negatively related to dividend payout；(3) Corporate governance was not significantly related to dividend payout；(4) Earning persistence was a mediator variable between corporate governance and dividend payout. The result can tell us the corporate governance can develops its function of supervisory and management and protect investors’ right, investors accept companies to keep funds for investments in future.