National Taiwan Ocean University Institutional Repository:Item 987654321/42458
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 28595/40626
造访人次 : 4206411      在线人数 : 59
RC Version 4.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 进阶搜寻


题名: Analysis of Board Structure,Corporate Value and Financial Policy
作者: Yu-chen Tu;Wei-Hung Lai;Heng-Chih Chou
贡献者: 國立臺灣海洋大學:航運管理學系
关键词: board structure;corporate value;financial policy;three-stage least squares (3SLS)
日期: 2007
上传时间: 2017-05-15T01:33:27Z
出版者: Journal of Marine Science and Technology
摘要: The purpose of this paper is to examine how board structure relates to corporate value and financial policy of firms in Taiwan. Using quarterly data from ten stock-listed department stores in Taiwan during the period 2000-2005, this study builds a structural model with three equation sets, and then applies three-stage least squares (3SLS) to estimate all equations in the model simultaneously. It should be emphasized that all empirical deviations of normal asymptotic properties caused by OLS or 2SLS in the previous studies can be improved by 3SLS, even though the model of this study contains lagged endogenous variables. The empirical results finally show that most factors of board structure affect significantly corporate value and financial policy in the current period, except for the factor of Internal Board Shareholding Ratio with the significant effects in a time lag of one quarter.
關聯: 15(4) pp.295-306
显示于类别:[航運管理學系] 期刊論文


档案 描述 大小格式浏览次数
SSRN-id1136005.pdf49KbAdobe PDF66检视/开启



著作權政策宣告: 本網站之內容為國立臺灣海洋大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,請合理使用本網站之內容,以尊重著作權人之權益。
網站維護: 海大圖資處 圖書系統組
DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈