13,391 research outputs found
Corporate Governance and Financial Distress: evidence from Taiwan
No full textPrior empirical evidence supports the wealth expropriation hypothesis that weak corporate governance induced by certain types of ownership structures and board composition tends to result in minority interest expropriation. This in turn reduces corporate value. However, it is still unclear whether corporate financial distress is related to these corporate governance characteristics. To answer this question, we adopt three variables to proxy for corporate governance risk, namely, the percentage of directors occupied by the controlling shareholder, the percentage the controlling shareholders shareholding pledged for bank loans (pledge ratio), and the deviation in control away from the cash flow rights. Binary logistic regressions are then fitted to generate dichotomous prediction models. Taiwanese listed firms, characterised by a high degree of ownership concentration, similar to that in most countries, are used as our empirical samples. The evidence suggests that the three variables mentioned above are positively related to the risk for financial distress in the following year. Generally speaking, firms with weak corporate governance are vulnerable to economic downturns and the probability of falling into financial distress increases. Copyright Blackwell Publishing Ltd. 2004.
Rethinking Import-substituting Industrialization: Development Strategies and Institutions in Taiwan and China
Full text linkimport-substituting industrialization, export-oriented industrialization, development strategies, institutions
Corporate Governance and Financial Distress: Evidence from Taiwan
No full textPrior empirical evidence supports the wealth expropriation hypothesis that the
controlling shareholder(s) tend to expropriate minority interests, which in turn reduces
corporate value. However, it is still unclear whether corporate financial distress is related to
this type of expropriative behavior. To answer this question, we adopt three variables to proxy
for the risk of expropriation by the controlling shareholder, namely, the percentage of
directors occupied by the controlling shareholder, the percentage the controlling shareholders
shareholding pledged for bank loans （pledge ratio ）, and the deviation of control away from
cash follow rights. Binary logistic regressions are then fitted to generate dichotomous
prediction models. Taiwanese listed firms, characterized by a high degree of ownership
concentration similar to that in most countries, are used as our empirical samples. The
evidence suggests that the three variables mentioned above are positively related to the risk of
financial distress, even after controlling for the possible influence of financial performance. It
is also found that corporate governance deteriorates a year before the financial distress occurs.
Generally speaking, firms with weak corporate governance are vulnerable to economic
downturns and the probability of falling into financial distress increases when corporate
governance deteriorates. An immediate implication follows that any early warning system
cannot be complete without incorporating corporate governance variables
Tong ji hua he wu bo mo tai yang neng dian chi: xin tou ming dao dian dian ji yu que xian wu li
No full textYin, Ling = 銅基化合物薄膜太陽能電池 : 新透明導電電極與缺陷物理 / 尹苓.Thesis Ph.D. Chinese University of Hong Kong 2015.Includes bibliographical references.Abstracts also in Chinese.Title from PDF title page (viewed on 26, October, 2016).Yin, Ling = Tong ji hua he wu bo mo tai yang neng dian chi : xin tou ming dao dian dian ji yu que xian wu li / Yin Ling
Book review : 'Academics’ international teaching journeys: personal narratives of transition in higher education', Anesa Hosein, Namrata Rao, Chloe Shu‐Hua Yeh, Ian M. Kinchin (Editors), Bloomsbury, 2018
Full text linkReview of 'Academics’ international teaching journeys: personal narratives of transition in higher education' ,Anesa Hosein, Namrata Rao, Chloe Shu‐Hua Yeh, Ian M. Kinchin (Editors), Bloomsbury, 201
Book review : 'Academics’ international teaching journeys: personal narratives of transition in higher education', Anesa Hosein, Namrata Rao, Chloe Shu‐Hua Yeh, Ian M. Kinchin (Editors), Bloomsbury, 2018
Full text linkReview of 'Academics’ international teaching journeys: personal narratives of transition in higher education' ,Anesa Hosein, Namrata Rao, Chloe Shu‐Hua Yeh, Ian M. Kinchin (Editors), Bloomsbury, 201
In situ Target Strength versus Fork Length Relations of Trachurus Japonicus Extracted from a Set of Acoustic and Corresponding Length Surveys Dat
No full textStudy of a Chinese Painter Who Came to Japan in the Early Meiji Period: Wang Yin
Full text linkWANG Yin, whose sobriquet was Yeh-mei, came from Chiang-ning Prefecture in Kiangsu Province. He particularly excelled at drawing rocks and painting portraits although he is known as an artist of landscape, figure and flower painting. Short biographical accounts about the artist can be found in such books as Hai-shang Mo-lin and Li-tai Hua-shih Huich'uan Pu-pien, but the most detailed information is obtained from the 1892 Yeh-mei Wang Hsienshêng Hsiao-ch'uan which is quoted in Jūjirō KOGA's Nagasaki Gashi I-den, a hand written manuscript which was never printed. Since the current location of the original manuscript is unknown, the author cites the entire quotation in the latter.
WANG Yeh-mei first arrived in Japan in 1877. After staying there for about a year, he became ill and began a return journey to China, sailing from Nagasaki on April twenty-sixth in 1878. In July of the same year, he came to Japan again, residing in Kyoto for a little over half a year. In the spring of 1879, he went to Nagasaki, and then left the port for China in May of the same year. About two months later, he visited Japan again for the third time. He spent several years in Kyoto and Osaka, making paintings for a living.
The aims of this article are to describe the artist's experiences in Japan based on avairable textual materials; to list the seals and signatures on his works; and to introduce his portrait painting “Portrait of Atsuyoshi Ōga Seated in His Garden”, which has not been published before ; and to summarize the contents of Japanese sources on the artist's works such as Rekidai Meiko Shinseki Shukuhon, Yabai Seki-fu, and Yabai Ranchiku-fu. The author also lists the titles of his paintings recorded in these publications.journal articl
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