政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/76163
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113318/144297 (79%)
造访人次 : 51096692      在线人数 : 937
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻
    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/76163


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/76163


    题名: 女性董事如何影響公司價值？
    How Do Female Directors Affect Firm Value?
    作者: 陳彥伶
    Chen, Yen Ling
    贡献者: 湛可南
    Chan, Konan
    陳彥伶
    Chen, Yen Ling
    关键词: 女性董事
    公司價值
    監督
    風險管理
    沙賓法案
    金融危機
    Female directors
    Firm value
    Monitoring
    Risk management
    SOX
    Crisis
    日期: 2014
    上传时间: 2015-07-01 14:44:01 (UTC+8)
    摘要: We employ S&P 1500 firms from 2000 to 2013 to investigate how female directors affect firm value. We explore two possible channels, the monitoring effect and the risk management effect, through which female directors can have material effect on firms. While the prior research shows a negative relation between female directors and firm value, we find that such a relation diminishes in the post-SOX period (2004 to 2007). More importantly, female directors enhance firm value in the crisis period (2008 to 2013). Our findings suggest that the way female directors affect firm value changes depending on the external environment. Female directors benefit firms mainly by monitoring in the post-SOX period but by risk management in the crisis period.
    參考文獻: Adams, R. B., Ferreira, D. (2009). Women in the board room and their impact on governance and performance. Journal of Financial Economics, 94(2), 291-309.
    Ahern, K. R., Dittmar, A. K. (2012). The changing of the boards: The impact on firm valuation of mandated female board. The Quarterly Journal of Economics, 127(1), 137-197.
    Barber, B. M., Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The Quarterly Journal of Economics, 116(1), 261-292.
    Carter, D. A., Simkins, B. J., Simpson, W. G. (2003). Corporate governance, board diversity, and firm value. The Financial Review, 38, 33-53.
    Catalyst. (2013). 2013 Catalyst Census: Fortune 500 Women Board Directors. Catalyst.
    Chen, Q., Goldstein, I., Jiang, W. (2007). Price informativeness and investment sensitivity to stock price. The Review of Financial Studies, 20(3), 619-650.
    Erhardt, N. L., Werbel, J. D., Shrader, C. B. (2003). Board of director diversity and firm financial performance. Corporate Governance: An International Review, 11(2), 102–111.
    Fama, E. F., Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325.
    Farrell, K. A., Hersch, P. L. (2005). Additions to corporate boards: The effect of gender. Journal of Corporate Finance, 11(1-2), 85–106.
    Fazzari, S. M., Hubbard, R. G., Petersen, B. C. (1988). Financing constraints and corporate investment. Brookings Papers on Economic Activity, 1988(1), 141-206.
    Francis, B. B., Hasan, I., Wu, Q. (2012). Do corporate boards affect firm performance? New evidence from the financial crisis. SSRN Working Paper.
    García-Meca, E., García-Sánchez, I.-M., Martínez-Ferrero, J. (2015). Board diversity and its effects on bank performance: An international analysis. Journal of Banking & Finance, 53, 202–214.
    Gompers, P., Ishii, J., Metrick, A. (2003). Corporate governance and equity prices. The Quarterly Journal of Economics, 118(1), 107-156.
    Gul, F. A., Srinidhi, B., Ng, A. C. (2011). Does board gender diversity improve the informativeness of stock prices? Journal of Accounting and Economics, 51(3), 314-338.
    Gul, F. A., Srinidhi, B., Tsui, J. S. L. (2008). Board diversity and the demand for higher audit effort. SSRN Working Paper.
    Huang, J., Kisgen, D. J. (2013). Gender and corporate finance: Are male executives overconfident relative to female executives? Journal of Financial Economics, 108(3), 822–839.
    Levi, M., Li, K., Zhang, F. (2014). Director gender and mergers and acquisitions. Journal of Corporate Finance, 28, 185–200.
    Liu, Y., Wei, Z., Xie, F. (2014). Do women directors improve firm performance in China? Journal of Corporate Finance, 28, 169–184.
    Pathan, S., Faff, R. (2013). Does board structure in banks really affect their performance? Journal of Banking & Finance, 37(5), 1573–1589.
    Smith, N. (2014). Gender quotas on boards of directors. IZA World of Labor.
    描述: 碩士
    國立政治大學
    財務管理研究所
    102357021
    103
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0102357021
    数据类型: thesis
    显示于类别:[財務管理學系] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    index.html0KbHTML2245检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    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 ©   - 回馈