The Association between Self-interested Board of Directors and Institutional Ownership
碩士 === 國立彰化師範大學 === 會計學系 === 107 === After the financial crisis occurred in 2008, the issue of top manager was overpaid being reconsidered. Since 2008, the Taiwan Stock Exchange (TWSE) disclose a list of companies in which the directors have received excessive compensations while their companies ha...
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ndltd-TW-107NCUE53850022019-05-16T01:40:45Z http://ndltd.ncl.edu.tw/handle/uqh7ve The Association between Self-interested Board of Directors and Institutional Ownership 董監事自肥與機構投資人持股之關係 Liao,Chen-Kai 廖振凱 碩士 國立彰化師範大學 會計學系 107 After the financial crisis occurred in 2008, the issue of top manager was overpaid being reconsidered. Since 2008, the Taiwan Stock Exchange (TWSE) disclose a list of companies in which the directors have received excessive compensations while their companies have incurred losses in that accounting year(hereafter self-interested board of directors) on the Market Observation Posting System (MOPS). This study examines the relationship between the self-interested board of directors and institutional ownership. The results show that institutional investors hold fewer shares for firm with self-interested board of directors. In addition, the empirical results also find that domestic institutional investors hold fewer shares for firm with self-interested board of directors, but foreign institutional investors hold more shares for firm with self-interested board of directors, it indicates that domestic institutional investors and foreign institutional investors are difference in the interpretations of information and strategies of investment. 林美鳳 2019 學位論文 ; thesis 55 zh-TW |
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碩士 === 國立彰化師範大學 === 會計學系 === 107 === After the financial crisis occurred in 2008, the issue of top manager was overpaid being reconsidered. Since 2008, the Taiwan Stock Exchange (TWSE) disclose a list of companies in which the directors have received excessive compensations while their companies have incurred losses in that accounting year(hereafter self-interested board of directors) on the Market Observation Posting System (MOPS). This study examines the relationship between the self-interested board of directors and institutional ownership. The results show that institutional investors hold fewer shares for firm with self-interested board of directors. In addition, the empirical results also find that domestic institutional investors hold fewer shares for firm with self-interested board of directors, but foreign institutional investors hold more shares for firm with self-interested board of directors, it indicates that domestic institutional investors and foreign institutional investors are difference in the interpretations of information and strategies of investment.
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author2 |
林美鳳 |
author_facet |
林美鳳 Liao,Chen-Kai 廖振凱 |
author |
Liao,Chen-Kai 廖振凱 |
spellingShingle |
Liao,Chen-Kai 廖振凱 The Association between Self-interested Board of Directors and Institutional Ownership |
author_sort |
Liao,Chen-Kai |
title |
The Association between Self-interested Board of Directors and Institutional Ownership |
title_short |
The Association between Self-interested Board of Directors and Institutional Ownership |
title_full |
The Association between Self-interested Board of Directors and Institutional Ownership |
title_fullStr |
The Association between Self-interested Board of Directors and Institutional Ownership |
title_full_unstemmed |
The Association between Self-interested Board of Directors and Institutional Ownership |
title_sort |
association between self-interested board of directors and institutional ownership |
publishDate |
2019 |
url |
http://ndltd.ncl.edu.tw/handle/uqh7ve |
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