English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51573368      Online Users : 939
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/33959


    Title: Financial Holding Company and Corporate Governance from the Perspective of Ownership and Control: Case Study of SinoPac Holdings Co., LTD.
    Authors: Yeh,Jessie
    Contributors: 沈中華
    Shen,Chung-Hua
    Yeh,Jessie
    Keywords: 金控公司
    代理理論
    現金流量請求權
    控制權
    公司治理
    Financial Holding Company
    Principal-Agent Model
    Ownership
    Control
    Cash flow rights
    Voting power
    Misalignment
    Corporate Governance
    Date: 2003
    Issue Date: 2009-09-17 18:55:03 (UTC+8)
    Abstract: In response to the changing financial environment both internally and externally, the government endeavored to pass the Financial Holding Company Act, which is intended to provide an environment conducive to financial integrations. According to the Principal-Agent theory, agency problems tend to take place when misalignment occurs between an ultimate owner’s cash flow rights and voting power. It is of interest whether the financial holding company structure actually increases or decreases such misalignment. The shareholdings of the Hong family of SinoPac Holdings is the subject of this research, and the essence of the research is to examine the Hong family’s shareholding and their actual control based on the one-share-one-vote principle before and after the holding company structure. The findings conclude that the misalignment between the Hong family’s ownership and control in fact increases under the holding company structure, which is generally viewed as a negative sign of corporate governance. Notwithstanding, the Hong family has adopted some measures to strengthen corporate governance despite the widening misalignment.
    Reference: Becht, Marco and B□hmer, Ekkehart, ‘Ownership and Voting Power in Germany’, The Control of Corporate Europe, Oxford University Press, 2001, pp.128-53.
    Becht, M. and Mayer, C., ‘Introduction’, The Control of Corporate Europe, Oxford University Press, 2001, pp.1-45.
    Berle, Adolf A. and Means, Gardiner C., The Evolution of Control’, ‘The divergence of Interest Between Ownership and Control’ and ‘The New Concept of the Corporation’, The Modern Corporation and Private Property, Book 1, Chapters V and VI, Book 4, Chapter IV and appendices O and P, New York: Harcourt, Brace & World, Inc., 1968, pp. 66-111, 112-16, 309-13, 341-2.
    Bianchi, M., Bianco, M., Enriques, L. ‘Pyramidal Groups and the Separation Between Ownership and Control in Italy’, The Control of Corporate Europe, Oxford University Press, 2001, pp.154-87.
    Bloch, L and Kremp, E, ‘France: Corporate Governance and Economic Performance’, Corporate Governance and Economic Performance, Oxford University, 2001, pp. 121-9.
    Boehmer, Ekkehart, ‘Germany: Corporate Governance and Economic Performance’, Corporate Governance and Economic Performance, Oxford University, 2001, pp. 96-120.
    Canals, Jordi, Universal Banking, Clarendon Press, Oxford, 1997, pp. 1-160.
    Claessens, Stijn, Djankov, Simeon and Lang, Larry H.P., ‘The separation of ownership and control in East Asian Corporation’, The Journal of Financial Economics, 58, 2000, pp. 81-112.
    Cubbin, John and Leech, Dennis, ‘The Effect of Shareholding Dispersion on the Degree of Control in British Companies: Theory and Measurement’, Economic Journal, 93, June 1983, pp.351-69.
    Greuning, Hennie Van and Brajovic-Bratanovic, Sonja, ‘Key Players in the Corporate Governance and Risk Management Process’, Analyzing and managing banking risk: a framework for assessing corporate governance and financial risk management, The International Bank for Reconstruction and Development/THE WORLD BANK, Washington, D.C., 2nd edition, 2003.
    Jensen Michael C. and Meckling William H., ‘Theory of the Firm: Managerial behavior, Agency Costs and Ownership Structure’, Journal of Financial Economics, 3, 1976, pp.305-60.
    Keasey, Kevin, Thompson, Steve and Wright, Mike, ‘Introduction: The Corporate Governance Problem – Competing Diagnoses and Solutions’, Corporate Governance, Oxford University Press, 1997, pp.1-17.
    La Porta, Rafael, Lopez-de-Silanes, Florencio and Shleifer, Andrei, ‘Corporate Ownership Around the World’, The Journal of Finance 57, 1999, pp. 1147-70.
    Pertersen, H. Craig and Lewis, W. Cris, ‘Game Theory and Strategic Behavior’, Managerial Economics, Prentice-Hall, Inc., 4th edition, 1999, pp.370-398.
    Plotkin, Mark E. and Volland, Debra R., “Banking in the United States in the New Millennium”, Journal of International Banking Law, 2000, Issue 2, pp.424-6.
    Vives, Xavier, ‘Corporate Governance: Does It Matter’, Corporate Governance: Theoretical and Empirical Perspectives, Cambridge University Press, 2000, pp.1-22.
    Chinese:
    王文宇,「建構我國金融控股公司法制相關問題之研究」,台灣金融財務季刊,第二輯第二期,90年6月,pp.33-54.
    沈中華、吳孟紋,「銀行治理、銀行失敗與銀行績效:以台灣為例」,亞太論文管理叢刊,2003。
    沈中華、吳孟紋、陳錦村,「更早期預警模型:台灣銀行道德指標的建立及影響」,管理學報二審。
    李紀珠, ‘台灣開放民營銀行設立之經驗與展望’, 「台灣民營銀行發展經驗教訓及對大陸的啟示」國際學術研討會,91年12月13日.
    李桐豪,「由美國金融服務業現代化法看我國的金融控股公司法」,台灣金融財務季刊,第二輯第二期,90年6月,pp.1-18.
    陳駿逸、劉佩修、張慧雯、彭禎伶、邵朝賢,台灣金控大火併,商訊文化,2003.
    彭金龍,「論我國金融控股公司之投資與被投資事業管理」,台灣金融財務季刊,第四輯第一期,92年3月,pp.163-183.
    許崇源、李怡宗、林宛瑩、鄭桂蕙,「控制權與盈餘分配權偏離之衡量」,貨幣觀測與信用評等,42,43,2003.
    曾淑瑜,公司法實例研習,三民書局,2003.
    2002台灣地區企業集團研究,中華徵信所,2002年一月出版.
    2003台灣地區企業集團研究,中華徵信所,2003年一月出版.
    立法院公報,90卷43期3177號,pp.174-429.
    Website:
    SinoPac Holdings website: www.sinopac.com.tw
    Market Observation Post System: mops.tse.com.tw
    Taiwan Economics Journal database
    The Legislative Yuan website:www.ly.gov.tw
    Description: 碩士
    國立政治大學
    國際經營管理碩士班(IMBA)
    90933011
    92
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0909330111
    Data Type: thesis
    Appears in Collections:[國際經營管理英語碩士學程IMBA] 學位論文

    Files in This Item:

    File Description SizeFormat
    33011101.pdf99KbAdobe PDF21926View/Open
    33011102.pdf22KbAdobe PDF21358View/Open
    33011103.pdf19KbAdobe PDF21429View/Open
    33011104.pdf46KbAdobe PDF21429View/Open
    33011105.pdf139KbAdobe PDF222608View/Open
    33011106.pdf31KbAdobe PDF22260View/Open
    33011107.pdf68KbAdobe PDF23198View/Open
    33011108.pdf265KbAdobe PDF22063View/Open
    33011109.pdf300KbAdobe PDF21640View/Open
    33011110.pdf31KbAdobe PDF21752View/Open
    33011111.pdf50KbAdobe PDF21836View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback