兩岸公司治理與經營績效之關聯性研究
| Autor: | 高渝涵 |
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| Druh dokumentu: | Text |
| Popis: | 本研究欲探討兩岸資訊科技產業之公司治理與經營績效之關聯性，運用資料包絡分析法評估西元2002至2006年兩岸公司之技術效率，並使用Tobit迴歸分析兩岸公司治理機制對其經營績效之影響。 實證結果顯示：兩岸資訊科技產業分屬不同效率前緣，且台灣之技術效率優於大陸之技術效率。公司治理機制中，經理人持股率、國內機構法人持股率與獨立董事比例與台灣公司之經營績效呈正向顯著關係，國外機構法人持股率、淨董監事持股率與台灣公司之經營績效無顯著關係；國外機構法人持股率與大陸公司之經營績效呈正向顯著關係，國有股比例與大陸公司之經營績效呈負向以及倒U型之關係，經理人持股率、國內機構法人持股率與獨立董事比例與大陸公司之經營績效無關。董事長是否兼任總經理與兩岸公司之經營績效皆無顯著關係。 關鍵字：公司治理、經營績效、資料包絡分析法 The purpose of this paper is to examine and compare the relationship between corporate governance and efficiency performance of Information Technology industry in Taiwan and Mainland China. We use DEA to measure the technical efficiency of company in Taiwan and Mainland China, and adopt tobit regression analysis to examine the variables which affect the efficiency performance The empirical results are summarized as follow. First, we find that the efficiency frontier of Taiwan and Mainland China are different, and the technical efficiency in Taiwan is better than Mainland China. Second, the management, domestic institutional investor’s shareholdings and the percentage of independent directors are significantly correlated with the performance of companies in Taiwan. The state-owned and foreign institutional investor’s shareholdings are significantly correlated with the performance of companies in Mainland China. Finally, the dual position of board chairman and presidency is not significantly correlated with the performance of companies in both Taiwan and Mainland China. Key words：corporate governance, performance, DEA. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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