ASIA unversity:Item 310904400/25298
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 90120/105277 (86%)
造访人次 : 8144242      在线人数 : 2033
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
    ASIA unversity > 管理學院 > 財務金融學系 > 期刊論文 >  Item 310904400/25298


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: http://asiair.asia.edu.tw/ir/handle/310904400/25298


    题名: 金融機構作業與信譽風險的影響及公司治理的角色
    作者: 劉永欽;Liu, Yong-Chin;王姿若;廖美華;Liao, Meihua
    贡献者: 財務金融學系
    日期: 2013
    上传时间: 2013-07-11 14:04:03 (UTC+8)
    摘要: This study examines the effects of various operational risk events for banks from
    1990 to 2011 on stock price reaction, profitability,risk and reputational loss, as well as
    whether corporate governance can reduce the impact of operational risk. For internal-factor and external-factor events, we separately estimate both the stock abnormal returns
    (ARs) and industry-adjusted excess earnings, along with reputational losses within the ARs
    and excess earnings,for occurring, finding and announcing days, respectively. Our findings
    indicate that the internal fraud events face significantly negative ARs,excess earnings
    and reputational losses during the announcement period; the stock risks do not increase,
    and prices moderately reflect decreasing profitability.The serious disasters and events resulting from external factors face no negative excess earnings, but have negative ARs and
    reputational losses during both the occurring and announcement periods. Moreover, the
    post-event stock nonsystematic risks increase and stock prices have overreactions.Based on
    regression analyses, among corporate governance mechanisms, information disclosure and
    insider ownership can reduce nonsystematic risks and alleviate the impact of operational
    and reputational losses on market values; meanwhile, no significant effect for the other
    mechanisms is observed.
    關聯: 經濟論文/Academia Economic Papers; 41(3):421–471.
    显示于类别:[財務金融學系] 期刊論文

    文件中的档案:

    档案 大小格式浏览次数
    index.html0KbHTML218检视/开启


    在ASIAIR中所有的数据项都受到原著作权保护.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈