Using data from Taiwan, this paper investigates the market discipline effects associated with the forced financial …

Using a data set of 220 Taiwanese public firms with 2,200 observations over a ten-year period representing Taiwan … largest shareholder’s control during a key period of economic transition and growth for Taiwan. The results show that … substantial changes in board composition, though still not especially common in Taiwan, do occur, even in closely held companies …

process and thus enhance long-run stock returns. Using a sample of IPOs in Taiwan, the study shows that there is a negative …

for listed electronic companies in Taiwan. We further examine whether the causal relationships would vary with different …