Board Characteristics, Ownership Structure and Corporate Governance Evaluation

• Main Authors: HUANG,YU-LING, 黃郁玲
• Other Authors: CHEN,HSIANG-LAN
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/rx8t3q

碩士 === 國立高雄科技大學 === 財務管理系 === 107 === What determines the level of corporate governance evaluation? In this study we examine this question from two dimensions one is the characteristics of the board and another is the ownership structure. We hope that we can find some useful proposal for the authorities and some reference for the investors from this empirical evidence. This study investigates listed companies in Taiwan from 2015 to 2017. Empirical results indicate that(1) Board Characteristics: the board size and the ratio of independent directors have a positive relationship with the level of Corporate Governance Evaluation ; CEO duality and directors remuneration have a negative relationship with the level of Corporate Governance Evaluation ; The pledged shares ratio of directors have a positive relationship with the level of Corporate Governance Evaluation but not significant.(2) Ownership Structure: the ratio of large shareholders and the shareholding ratio of corporations and the shareholding ratio of government agencies have a positive relationship with the level of corporate governance evaluation.