Impact of Corporate Governance and Corporate Social Responsibility on Firm Risks
| Autor: | CHEN, HUNG-RU, 陳泓儒 |
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| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 This study explores how corporate governance and corporate social responsibility (CSR) impact on firm risks of Taiwan’s listed companies, using 24420 observations for 555 firms in the period 2006 - 2016. The empirical results show that CEO duality, more independent directors, higher managers’ holding ratio and dividend payout ratio would reduce firm risks, whereas higher foreigner investment holding ratio, directors pledge ratio, top managers' remuneration, total remuneration and R&D expense ratio would seemly increase firm risks. Firms insured with D&O liability insurance are more vulnerable to firm risks. Further, we still find a negative association between CSR and firm risks. In addition, the electronics industry has various effects on firm risks in comparison with the non–electronics industry by corporate governance and CSR. Finally, firm risks increase in 2008 of global financial crisis. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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