臺灣博碩士論文加值系統

我國因與歐美的法令背景相異，在法令規範方面對小股東保護較弱，易產生大股東剝削小股東之代理問題，而改善公司治理更是我國一直不斷推動改進的目標。小股東通常只能藉由參與股東會來表彰自己的權益，而股東會正是企業最主要傳遞資訊給予投資人及小股東的主要場合，因此股東會地點之便利性越佳，代表公司公佈揭露訊息的動機越強，公司資訊透明度越高。本研究以2001年至2007年上市上櫃發行公司為樣本，來探討公司治理結構變數與公司股東會開會地點便利性之關連性研究。
本文將與股東會召開相關之治理機制，分為董事會結構、董事會成員特性，及股東結構三大類進行分析探討，研究結果發現︰
一、董事會結構中，外部董事比例越高之公司，其開會地點越便利。
二、董事會成員特性中，董事長未兼任總經理者之公司，其開會地點越便利。
三、股東結構中，控制權偏離現金流量之倍數越小之公司，其開會地點越便利。
四、股東結構中，機構法人持股比例越高之公司，其開會地點越會選擇於便利之地點召開。

Because of the different environment of regulation between Taiwan and the Western countries, especially the individual investors (small stockholders) have less protection in law and regulation, so the largest stockholders often expropriate them and result in agency problem. In addition, Taiwan in recently years continuously implements the goal of improving corporate governance. Individual investors (small stockholders) can only exercise their rights in stockholder meeting, and it is also the mainly occasion that enterprises communicate with the individual investors (small stockholders). Therefore, if the stockholder meeting is held in much convenient location, the motivation of the enterprises to disclose information is strongly, and their information transparency is highly, too. Our sample includes firms listed on Taiwan’s stock market during the period of 2001 to 2007, to examine the relationship of corporate governance structure and the location of stockholder’s meeting.

謝誌 I
摘要 II
Abstract III
目錄 IV
圖表目錄 V
參考文獻 VI

第一章 緒論
第一節 研究動機 1
第二節 研究目的 4
第三節 論文架構 5

第二章 文獻探討
第一節 公司治理之意義與對少數股東保護之重要性 7
第二節 我國公司治理之現況與其連帶關係造成之影響 9
第三節 公開揭露政策與有效股東會實行之重要性 11

第三章 研究設計
第一節 研究假說之建立 14
第二節 研究模型與變數衡量 23
第三節 樣本選取與資料來源 29

第四章 實證結果與分析
第一節 敘述性統計與相關性分析 30
第二節 實證結果資料分析 33

第五章 結論與建議
第一節 研究結論 43
第二節 研究建議 44
第三節 研究限制與後續研究方向 45

圖1-1 研究流程 6
表4-1 基本敘述統計量 31
表4-2 Pearson相關係數表 32
表4-3(A) 董事會治理結構與股東會召開地點之logit迴歸分析結 36
表4-3(B) 董事會治理結構與股東會召開地點之probit迴歸分析結果 37
表4-4(A) 董事會成員特性與股東會召開地點之logit迴歸分析結果 38
表4-4(B) 董事會成員特性與股東會召開地點之probit迴歸分析結果 39
表4-5(A) 股東結構與股東會召開地點之logit迴歸分析結果 40
表4-5(B) 股東結構與股東會召開地點之probit迴歸分析結果 41
表4-6 公司治理結構與股東會開會地點之迴歸分析結果 42


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英文部份 48

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