期刊論文
| 學年 | 108 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2020-02-01 |
| 作品名稱 | The influence of foreign institutional investors, institutional directors and the share pledge ratio of directors on financial performance of tourism firms |
| 作品名稱（其他語言） | |
| 著者 | Chien Mu Yeh |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Tourism Economics 26(1), p.179-201 |
| 摘要 | Corporate governance is a critical component relevant to firm performance. In the tourism sector, corporate governance is an underexamined issue. The purpose of the current study is to bridge this gap by examining the influence of foreign institutional investors, institutional directors, and shares pledged by directors on tourism firms’ financial performance. Data are derived from listed tourism firms in Taiwan. Ordinary least square regressions and two-stage least square regressions are used to examine the hypotheses. Results show that the presence of foreign institutional investors and a low share pledge ratio of directors have significant effects on return on assets and Tobin’s Q. The presence of institutional directors has a positive effect on Tobin’s Q. Implications for owners, policy makers, and investors are discussed. |
| 關鍵字 | foreign institutional investors;institutional directors;share pledge ratio;tourism governance |
| 語言 | en |
| ISSN | 2044-0375 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119019 ) |