The Effect of Corporate Governance on Corporate Performance and Quality of Financial Statements
| Autor: | Ching-Ting Wang, 王靜婷 |
|---|---|
| Rok vydání: | 2010 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 98 This study examines the effect of corporate governance on corporate performance and quality of financial statement. We divide corporate governance into five structures, and use content analysis to measure the information disclosure level of an overall company, and then we combine the five corporate governance structures into a single corporate governance index. The samples of this study are electronic companies listed on the Taiwan Stock Exchange, and the sample period starts from 2007 to 2008. The empirical results of this study are as follows: Under the five structures of corporate governance, the empirical result shows that the ownership structure, board structure and information transparency have a significant positive impact on corporate performance, but the related-party transaction has a significant negative impact on corporate performance. The corporate governance index of this study has a significant positive impact on corporate performance. We use the absolute value of abnormal accruals as a proxy variable for the quality of financial statement in this study. The empirical result shows that the ownership structure, board structure and information transparency have a significant negative impact on the quality of financial statement, which means the better the ownership structure, board structure and information transparency are, the less earnings manipulation would be, and the quality of financial statement could be improved. The related-party transaction has a significant positive impact on the quality of financial statement. Moreover, the relationship between operational risk and the quality of financial statement is less than the significant level. But in the corporate governance index of this study, it has a significant negative impact on the quality of financial statement, which means the better the corporate governance is, the less earnings management would be, and the quality of financial statement could be improved. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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