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論文中文名稱:台灣金融業股權集中度、公司治理與股利政策的關係 [以論文名稱查詢館藏系統]
論文英文名稱:The Relationship among Ownership Concentration, Corporate Governance and Dividend Policy in Taiwan Financial Industry [以論文名稱查詢館藏系統]
院校名稱:臺北科技大學
學院名稱:管理學院
系所名稱:經營管理系碩士班
畢業學年度:102
出版年度:103
中文姓名:陳乃毅
英文姓名:Nai-Yi Chen
研究生學號:101578036
學位類別:碩士
語文別:中文
口試日期:2014-05-23
論文頁數:88
指導教授中文名:林鳳儀
指導教授英文名:feng-yi lin
口試委員中文名:葉金成;黃瑞傑
口試委員英文名:jin-cheng yeh;ruei-jie huang
中文關鍵詞:股利政策股權集中度公司治理
英文關鍵詞:Dividend PolicyOwnership ConcentrationCorporate Governance
論文中文摘要:本研究主旨在探討台灣金融業在第一次金融改革下,股權集中度、公司治理與股利政策間的關係,並探討在股利訊號理論之下,台灣金融業現金股利與股票股利之間的關係。由於金融產業的特殊性,過去學者皆致力於研究非金融業股權集中度、公司治理與股利政策的關係,本研究將研究重點放在台灣金融業。實證結果顯示,第一、公司股權集中度高會使得公司偏向高股利政策,第二、若公司治理佳的金融業,公司會偏向高股利政策,第三、股票股利與現金股利之間會呈現替代關係,最後、第一次金融改革後,銀行股權集中度越高公司會偏向高股利政策。
論文英文摘要:This study aims to investigate the relationship among ownership concentration, corporate governance and dividend policy in Taiwan's financial industry under the first financial reform. Based on information content of dividend hypothesis, what is the relationship between cash dividends and stock dividends in Taiwan financial industry? Due to the special nature of the financial industry, most of scholars are working on the relationship among ownership concentration, corporate governance and dividend policy in non-financial industry, this study will focus on the financial industry in Taiwan. The results show that Taiwan financial industry with high degree of ownership concentration will tend to make the company a high dividend policy. This will ensure that Taiwan financial industry has a high presence of good corporate governance which in turn will consist of high dividend policy. And the result show that there is substitution relation between cash dividend and stock dividend in Taiwan financial industry. Finally, the results show that after the first financial reforms, there will be a positive relationship between ownership concentration and dividend policy in Taiwan financial industry.
論文目次:摘要 I
目錄 III
圖目錄 V
表目錄 VI
第一章 緒論 1
1.1研究背景與動機 1
1.2研究目的 9
1.3研究流程 10
第二章 文獻回顧與探討 11
2.1 股權集中度與股利政策 11
2.2股利訊號內涵假說 18
2.3 金融業公司治理與股利政策 22
第三章 研究假說與方法 31
3.1 研究假說 31
3.1.1 股權集中度對台灣金融業股利政策之影響 31
3.1.2公司治理對台灣金融業股利政策之影響 33
3.1.3 現金股利與股票股利之關係 34
3.1.4 以金融改革年度作為調節變項探討股權集中度與股利政策 35
3.2研究方法 37
3.2.1 Tobit迴歸模型介紹 37
3.2.2樣本與資料來源 45
3.2.3 變數定義 47
第四章 實證結果分析 53
4.1敘述性統計分析 53
4.1.2樣本資料 55
4.1.3第一次金融改革調節效果 58
4.2迴歸結果分析 60
第五章 結論與建議 76
5.1研究結論 76
5.2研究建議 79
中文參考文獻 80
英文參考文獻 81
論文參考文獻:中文參考文獻
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3. 蔡湛成 (2003)。「從公司控制者角度探討現金增資前的股利政策」。國立政治大學 財務管理所 碩士論文。
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5. 洪振 (2004)。「股權集中度與股價報酬率之相關研究─以電子產業與傳統產業為例」。國立成功大學 企業管理研究所 碩士論文。
6. 陳建宇 (2004)。「現金股利與股票股利關係之研究:股利結構理論之探索」。淡江大學 會計學系 碩士論文。
7. 陳瑞斌、許崇源,2007,公司治理結構與資訊揭露之關聯性研究,交大管理學報,第27卷,第2期。55-119
8. 吳孟臻 (2010),「投資人情緒、動能、與公司治理對股價的影響」。國立政治大學 財務管理研究所 碩士論文。
9. 李函叡 (2012),「台灣銀行業公司治理與股利政策關係之研究」。亞洲大學 財務金融學系 碩士論文。
10. 楊惟任(2013),「全球金融危機對國際政治的啟示」。全球政治評論 第42期 頁39-62。
11. 溫婉瓴(2013),「公司治理與內含訊息之關聯性探討」。 台北科技大學 經營管理所 碩士論文。

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