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dc.contributor.author李建佑en_US
dc.contributor.authorJian-You Leeen_US
dc.contributor.author鍾惠民en_US
dc.contributor.author王淑芬en_US
dc.contributor.authorHui-Min Chungen_US
dc.contributor.authorSue-Fung Wangen_US
dc.date.accessioned2014-12-12T01:18:28Z-
dc.date.available2014-12-12T01:18:28Z-
dc.date.issued2007en_US
dc.identifier.urihttp://140.113.39.130/cdrfb3/record/nctu/#GT009539516en_US
dc.identifier.urihttp://hdl.handle.net/11536/39362-
dc.description.abstract公司治理一直是財務研究中的重要議題之ㄧ。公司治理較差的公司,其管理階層擁有相對較大的權力且不受制於董事會的控管,導致管理階層容易做出圖利自己傷害公司及股東的決策,進而影響到公司的營運績效,影響投資人的投資意願。本篇研究利用1990到2005年的美國資料,意圖探究公司治理和投資人情緒的價格敏感度的關係。也就是說當公司治理改變時,是否會使得投資人的情緒受到影響。我們發現具有以下特性的公司隨著公司治理變差較容易受到投資人情緒影響而改變報酬的公司:年輕的公司、市值較低的公司、低獲利能力的公司、不發股利的公司、具有成長機會及財務危機的公司。另外,我們也發現公司治理的差異會導致投資人情緒影響程度的不同。zh_TW
dc.description.abstractThe purpose of this paper tries to investigate the relationship between corporate governance and the sensitivity of the price of sentiment factor, i.e. sentiment beta. It is defined as a sensitivity of stock returns to sentiment change. We provide evidence that small stocks, young stocks, unprofitable stocks, non-dividend-paying stocks, extreme growth stocks and distressed stocks are easily affected by investor sentiment and the change of governance has effect on investor sentiment. In addition, we also find that the difference of corporate governance results in the difference of sentiment beta of the firms.en_US
dc.language.isoen_USen_US
dc.subject公司治理zh_TW
dc.subject併購條款zh_TW
dc.subject情緒zh_TW
dc.subject公司特徵zh_TW
dc.subjectcorporate governanceen_US
dc.subjecttakeover provisionsen_US
dc.subjectsentimenten_US
dc.subjectfirm characteristicsen_US
dc.title公司治理與情緒性因子的價格敏感度zh_TW
dc.titleCorporate Governance and Price Sensitity of Sentiment Factoren_US
dc.typeThesisen_US
dc.contributor.department財務金融研究所zh_TW
Appears in Collections:Thesis


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