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研究生:陳明傑
研究生(外文):Ming-Chien Chen
論文名稱:董事會結構組成因素之研究-以台灣上市櫃公司為例
論文名稱(外文):The determinants of board structure of Taiwan listed companies
指導教授:陳重光陳重光引用關係
指導教授(外文):Chung-Kuang Chen
學位類別:碩士
校院名稱:國立雲林科技大學
系所名稱:會計系研究所
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2009
畢業學年度:97
語文別:中文
論文頁數:48
中文關鍵詞:董事會決策能力董事會獨立性董事會規模董事會結構
外文關鍵詞:board structuresboard decisionboard independenceboard size
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本文主要在探討影響董事會結構組成之因素,借由過去的實證理論,本研究發現公司之規模及股權結構與董事會之規模有正向相關;董事之監督管顧成本及經理人之特質與董事會之獨立性之間為負向相關;而公司之規模與董事會之決策能力有正相關。聯立迴歸結果顯示,公司在挑選董事會成員時,會考量監督及管顧成本之影響。
The paper examines the corporate board structures and determinants. Guided by theoretical work, we find that board size increases in firm size and ownership incentives, board independence decreases in costs of monitoring and advising and CEO characteristics, and board decision power increases in firm size. Simultaneous regression results show that firms choose board structures based on the costs and benefits of monitoring and advising.
目錄
摘要....................................................................... Ι
ABSTRACT .................................................................. II
誌謝....................................................................... III
表目錄..................................................................... V
圖目錄..................................................................... VI
一、緒論................................................................... 1
1.1 研究動機與目的......................................................... 1
1.2 研究問題............................................................... 1
1.3 觀念性架構............................................................. 2
二、文獻回顧與研究假說..................................................... 4
2.1 文獻回顧............................................................... 4
2.2 研究假說............................................................... 12
三、研究方法............................................................... 16
3.1 回歸模型............................................................... 16
3.2 變數衡量............................................................... 19
3.4 樣本篩選過程及資料來源................................................. 24
四、實證結果與分析......................................................... 26
4.1 敘述性統計............................................................. 26
4.2 影響董事會結構組成因素之實證結果....................................... 32
4.3 敏感性測試............................................................. 37
五、結論................................................................... 41
5.1 影響董事會規模之因素................................................... 41
5.2 影響董事會獨立性之因素................................................. 41
5.3 影響董事會決策能力之因素............................................... 42
5.4 研究意涵............................................................... 42
參考文獻................................................................... 44
參考文獻
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