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    题名: 控制權、現金流量權及其偏離對外國企業來臺第一上市櫃承銷價及績效表現之影響
    The Effects of Control Rights, Cash-Flow Rights and Their Divergence on the Offering Prices and Operating Performance for the Foreign Firms Primary Listing in Taiwan
    作者: 江逸民
    Chiang, Yi Ming
    贡献者: 張清福
    Chang, Ching Fu
    江逸民
    Chiang, Yi Ming
    关键词: 控制權與現金流量權偏離
    外國企業來臺第一上市（櫃）
    承銷價
    經營績效
    the divergence between control rights and cash-flow rights
    foreign issuers primary listing in Taiwan security market
    offering price
    operating performance
    日期: 2016
    上传时间: 2016-08-09 10:08:17 (UTC+8)
    摘要: 「外國企業來臺第一上市（櫃）」是行政院自2008年以來，推行的重要政策。但因F股公司主要營運地點在海外，資訊較為不透明，其公司治理所釋放出的訊息就更為重要。
    本論文以2010年到2015年，來台第一上市（櫃）的79家F股公司為樣本，研究控制權、現金流量權及其偏離，對於F股公司掛牌的承銷價、短期股價報酬及長期經營績效的影響，獲得的主要結論如下：（1）最終控制者的控制權對F股公司上市（櫃）承銷價及承銷價倍數有負面影響。（2）控制權與現金流量權的偏離對F股公司短期的股價報酬率有負面的影響。（3）控制權與現金流量權的偏離對F股公司的長期經營績效有負面的影響。
    從以上結論投資人可經由這些指標，來進一步評價新上市（櫃）F股公司公司治理的好壞，也可進一步評估其短期股價的報酬和長期經營的績效。
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    描述: 碩士
    國立政治大學
    會計學系
    99353006
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0099353006
    数据类型: thesis
    显示于类别:[會計學系] 學位論文

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