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    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/140578


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    題名: 董事會成員年齡與現金持有的關聯
    The Association Between Board Age and Cash Holdings
    作者: 黃欣翎
    Huang, Hsin-Ling
    貢獻者: 潘健民
    Pan, Chien-Min
    黃欣翎
    Huang, Hsin-Ling
    關鍵詞: 現金持有
    超額現金
    董事會成員年齡
    Cash
    Excess cash
    Board age
    日期: 2022
    上傳時間: 2022-07-01 16:05:09 (UTC+8)
    摘要: 本研究探討董事會成員年齡與企業現金持有之關聯。本研究以日本東京證券上市交易所企業為對象，日本企業之董事會為實質上參與企業營運和制定企業決策之高階管理人員。過去文獻指出日本企業之現金持有比其他國家高，是因為其獨特之主要往來銀行制度。但在1990年代後，主要往來銀行影響力式微，日本企業之現金持有卻還是比其他國家的企業還高。本研究以董事會成員年齡探討日本企業現金持有之原因。實證結果顯示，董事會成員平均年齡越高，企業超額現金持有越少，同時，董事長年齡越高，企業超額現金持有越少。以上結果代表日本企業的現金持有雖然高，但都是營運上所需之現金，並無持有多餘之現金。
    This study examines the association between cash holdings and board age using data from firms listed on the Tokyo Stock Exchange. In Japan, the board of directors is responsible for decision making. Prior research suggest that Japanese firms hold higher cash compared to their counterparts in other major industrial countries. Prior researches argue that main bank system cause the high cash holding. However, Japanese firms now hold more cash, when the main banks are not as powerful as they were in the past. The empirical results find a negative association between board age and cash holding. The results also find a negative association between CEO age and cash holding.
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    描述: 碩士
    國立政治大學
    會計學系
    109353036
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0109353036
    資料類型: thesis
    DOI: 10.6814/NCCU202200587
    顯示於類別:[會計學系] 學位論文

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