Corporate Governance and Capital Budgeting
碩士 === 國立中正大學 === 財務金融系研究所 === 105 === Using the listed companies in Taiwan from 2009 to 2016 this study examines the relationship between corporate governance and the quality of capital budgeting. We use Durnev, Morck, and Yeung (2004) method to measure the quality of capital budgeting. The empiric...
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ndltd-TW-105CCU003040262019-05-15T23:17:36Z http://ndltd.ncl.edu.tw/handle/69c6ft Corporate Governance and Capital Budgeting 公司治理與資本預算品質關聯性之研究 HSIEH, HSING-JU 謝幸儒 碩士 國立中正大學 財務金融系研究所 105 Using the listed companies in Taiwan from 2009 to 2016 this study examines the relationship between corporate governance and the quality of capital budgeting. We use Durnev, Morck, and Yeung (2004) method to measure the quality of capital budgeting. The empirical findings reveal that both size of BOD and CEO as director have a negative effect on the quality of capital budgeting but independent director has a positive effect on the quality of capital budgeting. In addition, the empirical findings indicate that the relations between family control and institutional investors’ holding and the quality of capital budgeting is significantly positive. CHENG, LEE-YOUNG 鄭揚耀 2017 學位論文 ; thesis 59 zh-TW |
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碩士 === 國立中正大學 === 財務金融系研究所 === 105 === Using the listed companies in Taiwan from 2009 to 2016 this study examines the relationship between corporate governance and the quality of capital budgeting. We use Durnev, Morck, and Yeung (2004) method to measure the quality of capital budgeting. The empirical findings reveal that both size of BOD and CEO as director have a negative effect on the quality of capital budgeting but independent director has a positive effect on the quality of capital budgeting. In addition, the empirical findings indicate that the relations between family control and institutional investors’ holding and the quality of capital budgeting is significantly positive.
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CHENG, LEE-YOUNG |
author_facet |
CHENG, LEE-YOUNG HSIEH, HSING-JU 謝幸儒 |
author |
HSIEH, HSING-JU 謝幸儒 |
spellingShingle |
HSIEH, HSING-JU 謝幸儒 Corporate Governance and Capital Budgeting |
author_sort |
HSIEH, HSING-JU |
title |
Corporate Governance and Capital Budgeting |
title_short |
Corporate Governance and Capital Budgeting |
title_full |
Corporate Governance and Capital Budgeting |
title_fullStr |
Corporate Governance and Capital Budgeting |
title_full_unstemmed |
Corporate Governance and Capital Budgeting |
title_sort |
corporate governance and capital budgeting |
publishDate |
2017 |
url |
http://ndltd.ncl.edu.tw/handle/69c6ft |
work_keys_str_mv |
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