臺灣博碩士論文加值系統

本研究旨在探討公司治理評鑑機制對公司績效的影響，並進一步考慮董事會政治連結的調節效果。研究使用台灣上市公司的資料進行實證分析，採用迴歸模型進行統計分析。研究結果顯示，公司治理評鑑機制與公司績效之間存在正向關係，即採用較好的公司治理評鑑機制的公司績效較好。此外，董事會政治連結會影響公司治理評鑑機制和公司績效之間的關係，當董事會政治連結程度較高時，公司治理評鑑機制與公司績效之間的正向關係會較弱。綜合上述結果，本研究建議公司應儘可能採用更好的治理評鑑機制，以提高公司績效，並需注意董事會政治連結對公司治理評鑑機制和公司績效之間關係的影響。

This study aims to investigate the impact of corporate governance evaluation mechanisms on firm performance, and further consider the moderating effect of board political connections. The study uses data from listed companies in Taiwan for empirical analysis, and employs regression models for statistical analysis. The results show that there is a positive relationship between corporate governance evaluation mechanisms and firm performance, indicating that companies with better corporate governance evaluation mechanisms have better performance. In addition, board political connections affect the relationship between corporate governance evaluation mechanisms and firm performance, and when the degree of board political connections is high, the positive relationship between corporate governance evaluation mechanisms and firm performance is weaker. Based on these results, this study suggests that companies should adopt better governance evaluation mechanisms as much as possible to improve firm performance, and pay attention to the influence of board political connections on the relationship between corporate governance evaluation mechanisms and firm performance.

目 錄
中文摘要 I
英文摘要 II
誌謝 III
目錄 IV
表目錄 V
圖目錄 VI
第一章 緒論 1
第一節 研究動機與目的 1
第二節 研究流程 4
第二章 文獻回顧與研究假說發展 5
第一節 公司治理評鑑指標 5
第二節 公司治理評鑑機制對公司績效之影響：董事會政治連結的調節效果 7
第三章 研究設計 10
第一節 樣本期間與資料來源 10
第二節 實證模型及變數定義 12
第四章 實證分析 14
第一節 敘述性統計 14
第二節 皮爾森相關係數 16
第三節 迴歸分析 18
第四節 穩健性分析 21
第五章 結論 22
參考文獻 23

表目錄
表 2-1 公司治理評鑑系統，各構面指標數及權重說明 6
表 3-1樣本數與產業分佈狀況 11
表 3-2 樣本數的公司治理評鑑結果之分佈狀況 11
表 4-3市場績效之實證結果 19
表 4-4 資產報酬率之實證結果 20
表 4-5 股東權益報酬率之實證結果 21

圖目錄
圖 1-1研究架構內容圖 4

一、中文部分
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林俊傑、劉梧柏與黃華瑋，2018，公司治理評鑑與財務績效及公司價值之關聯性探討：以台灣上市櫃企業公司治理評鑑為例，商略學報，第 10 期：23-46。
胥愛琦、李春安與賴秀燕，2015，好消息、壞消息與報酬動能效應－以台灣股市為例，應用經濟論叢，第 98 期：113-148。
高蘭芬、盧正壽、黃冠智與陳安琳，2012，公司治理、公司績效與投資策略，中山管理評論，第20卷第3期：851-880。
陳美華與洪世炳，2005，公司治理、股權結構與公司績效關係之實證研究，企業管理學報，第65期：129-153。
葉銀華、李存修與柯承恩，2002，公司治理與評等系統，初版，商智文化，臺北。

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