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研究生(外文):John S. Liu
論文名稱(外文):Multiple Interlocks of Corporate directors
指導教授(外文):Chyan Yang
外文關鍵詞:Corporate governanceInterlocking directoratesMultiple interlocksAffiliation networks
  • 被引用被引用:1
  • 點閱點閱:269
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董事會與董事行為是公司治理研究的重要議題,本研究探討董事行為的一個普遍但是未曾被仔細探討的現象–董事成群結隊。董事成群結隊是指兩位董事同時擔任相同兩家或更多公司的董事或者是多位董事同時擔任相同兩家或更多公司的董事。傳統的董事會連結文獻稱此種現象稱為多重連結。多重連結普遍存在,例如在國內 (2004年12月資料),徐旭東與席家宜兩位先生同時擔任亞泥、遠紡、宏遠、東聯、遠東商銀等五家公司董事,是雙重連結到五家公司。許勝雄、柯長崎與郭賢明三位先生同時擔任金寶、統寶、建榮等三家公司董事,是三重連結到三家公司。嚴凱泰、陳莉蓮、蘇慶陽、吳舜文、徐善可、戚維功、陳國榮、黃日燦、黃文成等九位先生女士同時擔任裕隆與中華兩家公司董事,是九重連結到兩家公司。
摘 要 i
誌 謝 iv
1. Introduction 1
1.1 The importance of corporate governance 1
1.2 Multiple interlocks and interlocking directorates 1
1.3 The network view on multiple interlocks 3
1.4 Research objectives 5
1.5 Research flow 6
1.6 Position of this research in the literature 7
1.7 Organization of the document 7
2. Literature Review 8
2.1 General corporate governance 8
2.2 Interlocking directorates and multiple interlocks 9
2.3 Affiliation network models 11
3. Herding Measures 14
3.1 Bipartite clustering coefficient 14
3.2 Social inertia 16
3.3 Redundancy 16
3.4 Herding balance 16
4. Board of directors network in Taiwan 18
4.1 Sample 18
4.2 Constructing the networks 18
4.3 General statistics of the affiliation network 20
4.4 Statistics regarding multiple interlocks 20
5. Simulating the herding phenomenon 25
5.1 Simulation procedure 25
5.2 Simulation results 26
5.3 Summaries 30
5.4 Discussions 31
6. Statistical analysis 32
6.1 Hypotheses 32
6.2 Data and regression method 36
6.3 Empirical results 42
6.4 Summaries 43
6.5 Discussions 44
7. Conclusions 47
7.1 Conclusions 47
7.2 Suggestions future research 48
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