Analysis of Corporate Governance, Performance and Risk-taking Behavior in Taiwan Life Insurance
Date Issued
2004
Date
2004
Author(s)
Ho, Pei-Chi
DOI
en-US
Abstract
This thesis seeks to add to understanding of corporate governance framework by analyzing the relationship between ownership structure, corporate transparency and disclosure, firm performance and risk-taking behavior in Taiwan life insurance companies. There are four important findings: 1) the performance of life insurance companies are positive related to controlling shareholdings and management ownership while the risk-taking behavior (leverage level) are negative related to them, supporting the convergence-of-interest effects. 2) the results show Taiwan life insurance companies are still not very transparent, but it offers evidence that good corporate transparency and disclosure can reduce reserving cost effectively. 3) there is no explicit correlation between transparency & disclosure and ownership structure. 4) the firm-specific characters such as new or old, subsidiary of financial holding companies or not, would strongly affect the firm performance and risk-taking behavior.
Subjects
股權結構
壽險業
公司治理
Life Insurance
Corporate Governance
Ownership Stru
Type
thesis
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ntu-93-R91723075-1.pdf
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