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Does Corporate Governance Affect Institutional Ownership and Share Repurchase Decisions

Year: 2010

Type: article

Abstract: This study investigates the relevance among corporate governance mechanism, institutional ownership and share repurchase decisions. Examining 220 exchange-listed companies in Taiwan during 2004 to 2006, the main findings are as follows. First, corporate governance mechanisms affect share repurchase decisions as well as institutional investor ownership. Next, the ownership of institutional investor depends on the interaction between corporate governance mechanisms and share repurchase decisions. Additionally, the share repurchase decision is influenced by interaction between corporate governance mechanisms and ownership of institutional investors. Finally, when the company size is incorporated as a control variable, the adjusted R-square for the multiple regression is improved.

Source: RePEc: Research Papers in Economics

Authors: Hung‐Hsi Huang, Ching-Ping Wang, Kun-Hui Lin, Wan-Ru Jhao

Institutions: National Taiwan University, National Pingtung University of Science and Technology

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2287478926

FWCI: 0.971

Cites: 8

Cited by: 2

Related to: 10