监管效应如何影响该公司在台湾股票市场的表现?
Tsung-Yu Hsieh1, Tsai-Yin Lin2, Fangjhy Li3
1Department of Economics, Economics and Management College, Zhaoqing University, Zhaoqing, Guangdong, P. R. of China.
PloS one
|September 5, 2024
概括
作为独立董事的首席执行官显著提高了公司的业绩,促进了股东的股权和公司的增长. 这种双重角色可以改善财务结果,无论关系如何.
科学领域:
- 公司治理 公司治理
- 金融经济学 金融经济学
- 组织行为 组织行为
背景情况:
- 首席执行官和独立董事的双重角色是一个关键的治理机制.
- 了解这种角色对公司业绩的影响对于利益相关者来说至关重要.
- 董事薪酬和监管效率需要详细审查.
研究的目的:
- 调查首席执行官作为独立董事的监督作用对公司业绩的影响.
- 通过董事和监事薪酬来评估监管效应.
- 确定对金融指标的影响,如股权回报率 (ROE) 和托宾的Q.
主要方法:
- 对公司绩效指标 (ROE,Tobin's Q) 的实证分析.
- 通过董事和监事薪酬数据评估监管效率.
- 统计检查CEO独立董事角色与公司业绩之间的相关性.
主要成果:
- 发现首席执行官担任独立董事对公司业绩产生了显著的积极影响.
- 从股东股权和公司增长的角度来看,公司的业绩有所改善.
- 首席执行官和独立董事同时担任的角色,无论他们的关系如何,都会对公司的业绩产生积极的影响.
结论:
- 首席执行官作为独立董事的双重角色是提高公司业绩的关键驱动力.
- 薪酬结构有效地反映了董事的监管影响.
- 这种治理结构有利于股东,促进公司的增长.
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