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研究生:林千惠
研究生(外文):Lin, Chien-Hui
論文名稱:經營團隊的能力、權力與同質性對債務資金成本的影響
論文名稱(外文):The Effect of Top Management Team’s Ability, Power and Homogeneity on Cost of Debt
指導教授:戚務君戚務君引用關係
指導教授(外文):Chi, Wu-Chun
口試委員:陳美惠張祐慈
口試委員(外文):Chen, Mei-HuiChang, Yu-Tzu
口試日期:2020-06-18
學位類別:碩士
校院名稱:國立政治大學
系所名稱:會計學系
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:2020
畢業學年度:108
語文別:中文
論文頁數:49
中文關鍵詞:債務資金成本經營團隊能力權力同質性
外文關鍵詞:Cost of debtTop management team (TMT)AbilityPowerHomogeneity
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本文延伸 Zhang (2019) 的研究,從債權人角度探討經營團隊能力、權力與同質性對債務資金成本的影響。本文以 2006 年至 2018 年的台灣上市櫃公司為研究樣本,發現經營團隊能力(或權力)愈高,可以降低債務資金成本;經營團隊同質性則對債務資金成本有不利的影響。除此之外,本文實證結果顯示同質性與能力(或權力)的交乘項與債務資金成本為顯著負相關,表示經營團隊能力(或權力)愈高,可以減緩同質性對債務資金成本的負面影響。本文為少數討論經營團隊同質性的實證研究,並且同時考量能力、權力與同質性的交互影響,對於經營團隊同質性的研究提供不一樣的觀點。
According to Zhang (2019), This study examines the impact of top management team’s (TMT’s) ability, power, and homogeneity on the cost of debt from the perspective of creditors. Using the data from Taiwan during the period from 2006 to 2018, I find the higher TMT’s ability (or power), the lower cost of debt, but the higher TMT’s homogeneity leads to the higher cost of debt. Furthermore, I also find that the interaction coefficient of TMT’s homogeneity and ability (or power) has a significantly negative impact on the cost of debt. Our results suggest that the TMT’s ability (or power) could mitigate the negative impact of TMT’s homogeneity on the cost of debt. To the best of my knowledge, this paper is one of the few empirical research that discuss the TMT’s homogeneity, as well as consider the interactive effects of TMT’s ability and power. It provides different perspectives on the research of TMT’s homogeneity.
目錄 i
圖目錄 ii
表目錄 iii
第壹章、緒論 1
第一節、研究背景 1
第二節、研究目的 2
第三節、研究流程 5
第貳章、文獻探討與假說發展 6
第一節、經營團隊能力與權力 6
第二節、經營團隊能力、權力與債務資金成本 10
第三節、經營團隊同質性與債務資金成本 12
第參章、 研究方法 15
第一節、變數定義與衡量 15
第二節、實證模型 22
第肆章、實證結果與分析 26
第一節、資料來源與樣本選取 26
第二節、敘述性統計分析 27
第三節、相關係數檢定 29
第四節、實證結果與分析 31
第五節、增額測試:經營團隊能力及權力有效性驗證 38
第伍章、結論與建議 40
第一節、結論與建議 40
第二節、研究限制 42
附錄一、經營團隊同質性之學歷領域背景分類 43
附錄二、經營團隊同質性計算之舉例 46
參考文獻 47
中文部分
王姿分,2018,信用評等、企業社會責任與債務資金成本的關聯性,國立成功大學財務金融研究所碩士論文。
林玲吟,2018,盈餘管理、企業社會責任和債務資金成本的關聯性,國立成功大學財務金融研究所碩士論文。
黃如嵐,2012,高階經理人性別與資金成本的關聯性,國立彰化師範大學商業教育學系碩士論文。
劉其光,2016,董事會成員多樣性對企業負債資金成本之研究-以中國大陸企業為例,國立彰化師範大學財務金融技術學系碩士論文。
趙麟鳳,2019,財務報表資訊揭露品質與權益資金成本之關聯性:來自亞洲的證據,國立政治大學會計系碩士學位論文。
熊楚熊、劉傳興,2005,公司理財學原理,北京:清華大學出版社有限公司。
賴詩芸,2015,經理人能力與盈餘品質-應用資料包絡分析法,國立台灣大學管理學院會計學系碩士論文。
魏文洋,2019,公司治理評鑑與債務資金成本之關聯性,國立台北商業大學財經學院會計資訊系會計財稅碩士班碩士學位論文。

英文部分
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