國立高雄大學圖資館 |

語系: 繁體中文

說明(常見問題)

圖資館首頁

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 = The R...

國立高雄大學經濟管理研究所

董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 = The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model

紀錄類型:	書目-語言資料,印刷品 : 單行本
並列題名:	The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model
作者:	鄧宇宏,
其他團體作者:	國立高雄大學
出版地:	[高雄市]
出版者:	撰者;
出版年:	2009[民98]
面頁冊數:	76面圖、表 : 30公分;
標題:	公司治理
標題:	Panel Smooth Transition Regression Model (PSTR)
電子資源:	http://ethesys.nuk.edu.tw/ETD-db/ETD-search-c/view_etd?URN=etd-0706109-012632
附註:	參考書目：面
附註:	指導教授：張倉耀、陳怡凱
摘要註:	在台灣，董監事質押最近是相當熱門的一項公司治理的議題且是極為特殊的。這篇有別於過去探討董監事質押跟公司績效的關聯性文章的模型來解釋其關聯。過去的文獻所得到董監事質押與公司績效的關聯性是不定見的亦及兩者間關係有可能是正向、負向或無關，且多著墨於線性之關係。於是我們利用由González, Terasvirta and Dijk (2004)所提出的縱横平滑移轉模型(Panel Smooth Transition Regression model;PSTR)檢測董監事質押比率以及公司績效間的非線性關係。研究期間取於1997至2007之平衡縱橫(balanced panel data)年資料，文中分別將廠商規模以及董監事質押比率視為門檻變數進行探討。而研究結果指出兩者具有非線性的關係，且在董監事質押比率低於17.507%時，董監事質押比率以及公司績效具有負向相關；反之高於17.507%時並無顯著線性關係。實證結果發現17.507%為一門檻值將其分為兩段區間討論，可用來解釋過去文獻對於兩者關係並無定見之結論是因為董監事質押比率與公司績效具有非線性的關係。 Shares collateralization is one of popular issues in terms of corporate governance in Taiwan. The relationship between Taiwan corporate performance and directors’ collateralized shares by using an alternative approach is the objective of this study. Existing literatures regard the relationship as linearity and the results are controversial. Panel Smooth Transition Regression model (PSTR) purposed by González, Terasvirta and Dijk (2004) is employed to test the nonlinearity relationship between firm performance and directors’ pledge ratio. Firm’s size and directors’ pledge ratio are regarded as the threshold variables respectively in the tests by using the corporate data from 1997 to 2007. The results indicate that non-linearity relationship between firm performance and directors’ pledge ratio does exist. The more shares the directors collateralized, the worst the firm perform when the pledge ratio is lower than 17.507%. When the pledge ratio exceeds the threshold value, it has no significant effect on firm performance. The results explain the reason that the empirical studies have no concrete conclusion on the relationship because of the nonlinearity relationship.

董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 = The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model
鄧, 宇宏

董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 = The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model / 鄧宇宏撰 - [高雄市] : 撰者, 2009[民98]. - 76面 ; 圖、表 ; 30公分.
參考書目：面指導教授：張倉耀、陳怡凱.
公司治理Panel Smooth Transition Regression Model (PSTR)

董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 = The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model
LDR:03755nam a2200277 a 4500 001 220388
005 20110310144504.0
009 etd-0706109-012632
010 0 $b 平裝
010 0 $b 精裝
100 $a 20091020d m00y0chiy5050
101 1 $a chi $d chi $d eng
102 $a tw
105 $a ak am 000yy
200 1 $a 董監事質押與公司績效關係探討-以縰橫平滑移轉迴歸模型為例 $d The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model $f 鄧宇宏撰 $z eng
210 $a [高雄市] $d 2009[民98] $c 撰者
215 0 $a 76面 $c 圖、表 $d 30公分
300 $a 參考書目：面
300 $a 指導教授：張倉耀、陳怡凱
328 $a 碩士論文--國立高雄大學經濟管理研究所
330 $a 在台灣，董監事質押最近是相當熱門的一項公司治理的議題且是極為特殊的。這篇有別於過去探討董監事質押跟公司績效的關聯性文章的模型來解釋其關聯。過去的文獻所得到董監事質押與公司績效的關聯性是不定見的亦及兩者間關係有可能是正向、負向或無關，且多著墨於線性之關係。於是我們利用由González, Terasvirta and Dijk (2004)所提出的縱横平滑移轉模型(Panel Smooth Transition Regression model;PSTR)檢測董監事質押比率以及公司績效間的非線性關係。研究期間取於1997至2007之平衡縱橫(balanced panel data)年資料，文中分別將廠商規模以及董監事質押比率視為門檻變數進行探討。而研究結果指出兩者具有非線性的關係，且在董監事質押比率低於17.507%時，董監事質押比率以及公司績效具有負向相關；反之高於17.507%時並無顯著線性關係。實證結果發現17.507%為一門檻值將其分為兩段區間討論，可用來解釋過去文獻對於兩者關係並無定見之結論是因為董監事質押比率與公司績效具有非線性的關係。 Shares collateralization is one of popular issues in terms of corporate governance in Taiwan. The relationship between Taiwan corporate performance and directors’ collateralized shares by using an alternative approach is the objective of this study. Existing literatures regard the relationship as linearity and the results are controversial. Panel Smooth Transition Regression model (PSTR) purposed by González, Terasvirta and Dijk (2004) is employed to test the nonlinearity relationship between firm performance and directors’ pledge ratio. Firm’s size and directors’ pledge ratio are regarded as the threshold variables respectively in the tests by using the corporate data from 1997 to 2007. The results indicate that non-linearity relationship between firm performance and directors’ pledge ratio does exist. The more shares the directors collateralized, the worst the firm perform when the pledge ratio is lower than 17.507%. When the pledge ratio exceeds the threshold value, it has no significant effect on firm performance. The results explain the reason that the empirical studies have no concrete conclusion on the relationship because of the nonlinearity relationship.
510 1 $a The Relationship between Directors’ Collateralized Shares and Firm’s Performance - The Panel Smooth Transition Regression Model $z eng
610 # 0 $a 公司治理 $a 縱橫平滑移轉模型(PSTR) $a 董監事質押 $a 質押比率
610 # 1 $a Panel Smooth Transition Regression Model (PSTR) $a corporate governance $a directors’ collateralized shares $a pledge ratio
681 $a 008M/0019 $b 301208 1733 $v 2007年版
700 1 $a 鄧 $b 宇宏 $4 撰 $3 354053
712 0 2 $a 國立高雄大學 $b 經濟管理研究所 $3 166103
801 0 $a tw $b 國立高雄大學 $c 20091020 $g CCR
856 7 # $2 http $u http://ethesys.nuk.edu.tw/ETD-db/ETD-search-c/view_etd?URN=etd-0706109-012632 $z PDF全文