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研究生:吳振宇
研究生(外文):Chen-Yu Wu
論文名稱:董監事責任險、股權結構廣度與公司價值之研究
論文名稱(外文):Directors’ and Officers’ Liability Insurance, Breadth of Ownership and Firm Performance
指導教授:陳家偉陳家偉引用關係王凱立王凱立引用關係
指導教授(外文):Chia-Wei ChenKai-Li Wang
口試委員:楊踐為林霖
口試委員(外文):Chien-Wei YangLin Lin
學位類別:碩士
校院名稱:東海大學
系所名稱:財務金融學系
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2010
畢業學年度:98
語文別:中文
論文頁數:33
中文關鍵詞:董監事責任險公司價值股權結構廣度
外文關鍵詞:D&O insuranceFirm performanceBreadth of ownership
相關次數:
  • 被引用被引用:11
  • 點閱點閱:988
  • 評分評分:
  • 下載下載:115
  • 收藏至我的研究室書目清單書目收藏:0
近年來我國董監事訴訟案件不斷發生,為了保障投資人的權益,臺灣證券交易所於2008年底要求上市櫃公司揭露並申報董監事責任險投保情形。由於之前受限於資料來源的取得,相關研究僅能依據少數樣本或問卷的方式來探討;本文利用2008年及2009年上市櫃公司之董監事責任險投保資料,以固定效果模型分析董監事責任險與公司價值的關係,另外也針對董監事責任險研究股權結構廣度的情形。本文發現有投保董監事責任險的公司,其公司價值較高,股權結構廣度也較大。此外,為了驗證實證結果的嚴謹性,本文亦將樣本區分為低投保比例與高投保比例產業,發現高投保比例產業中,有投保董監事責任險的公司,似乎明顯增加了機構投資人的投資意願;意味高投保比例的電子業,於風險相對較大的前提下,專業的機構投資人在選擇投資標的時,潛在性地將更加注意公司董監事責任險這項資訊。
Following the increasing number of corporate lawsuits in recent years, Taiwan Stock Exchange requested listed firms to report the information of their directors’ and officers’ liability insurance (D&O insurance thereafter) coverage since 2008. With the available data of D&O insurance in 2008 and 2009, this paper reexamines the relationship between D&O insurance and firm performance. Furthermore, I investigate the linkage between D&O insurance and the firm’s breadth of ownership (measured by the number of shareholders). In short, my empirical results support a positive and significant relationship between D&O insurance and firm performance as well as the firm’s breadth of ownership. In addition, my findings indicate the linkage between D&O insurance and the breadth of ownership is sensitive to the types of shareholders and industries.
目 錄
第壹章 緒論………………………………………………………………………………1
第貳章 文獻探討與回顧…………………………………………………………………6
第一節、董監事責任險相關文獻…………………………………………………………6
第二節、股權結構廣度相關文獻…………………………………………………………8
第參章 研究方法…………………………………………………………………………10
第一節、資料來源與變數定義……………………………………………………………10
第二節、實證模型…………………………………………………………………………14
第肆章 實證結果與分析…………………………………………………………………17
第一節、敘述統計分析……………………………………………………………………17
第二節、實證結果與分析…………………………………………………………………18
第伍章 結論..……………………………………………………………………………22
參考文獻 …………………………………………………………………………………23
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