Corporate governance internal mechanisms and corporate financial performance,the mediating role of corporate governance disclosure índex; evidence from Cape Verdean financial institutions.

摘要

本研究的主题是公司治理内部机制与企业财务绩效、公司治理披露指标的中介作用;佛得角角金融机构的证据和主要目的是调查、理解、分析、讨论和提供经验证据，说明公司内部治理机制与财务绩效之间的关系。佛得角的金融公司，以及研究公司治理披露指数在上述血型关系中的中介作用。
　　佛得角金融部门拥有健全和健康的银行部门。在佛得角，拥有80以上金融系统资产的银行体系在分配资源以资助开普敦佛得角经济(BCV2015)方面发挥着重要作用，因此研究企业之间的关系是很重要的。佛得角金融公司的治理机制和财务绩效，考察公司治理披露指数在这一关系中的中介作用。
　　利用二次数据建立了佛得角金融公司公司治理与财务绩效的关系，探讨了公司治理披露指数在这一关系中的中介作用，认为期间2006年到2016。这些数据基本上是从这些机构发表的年度报告中获得的。还使用了书籍、文章、期刊和其他相关材料。还使用了佛得角中央银行和佛得角证券交易所年度报告。我们使用了佛得角统计研究所的数据。多元回归分析和推断统计学包括方差分析、t检验、f检验以及人的相关性，用来衡量考虑变量之间的关联度。用于公司治理的代理机构有:董事会规模、董事会组成、董事会会议次数、董事权益持股、董事会委员会。公司治理披露指数水平作为中介人使用。所用金融机构业绩的代理人是资产回报率（居留权）和股本回报率（净资产）。
　　我们的调查结果显示，董事会会议的次数和财务表现是积极的，并没有显著的相关性。董事会规模与佛得角金融机构的业绩存在着消极而不重要的关系。我们发现董事的持股与佛得角的金融机构的业绩没有关系。佛得角的董事会组成、董事会委员会和金融机构的业绩之间存在着积极和重要的关系。我们发现，公司治理披露指数在佛得角的公司治理内部机制和金融机构绩效之间的关系中起着中介作用。

目录

ACKNOWLEDGEMENT

ABSTRACT

摘要

Table of Contents

List of tables

List of figures

1．CHAPTER ONE-INTRODUCTION

1．1 Background of the study

1．2 Statement of research Problem

1．3 Study objectives

1．4 Research questions

1．5 Research hypothesis

1．6 Justification，significance of the study，and contribution to knowledge

1．7 Limitation and delimitation of the study

1．8 Summary of research methodology

1．9 Sources of data

2 CHAPTER TWO-LITERATURE REVIEW AND THEORETICAL FRAMEWORK

2．1 Introduction

2．2 Definition of corporate governance

2．3 Principles and benefits of corporate governance

2．4 Corporate governance，an historical overview

2．5 Literature review of corporate governance and firm performance

2．5．1 Firm financial performance

2．5．2 Corporate governance and firm financial performance，linkage between them

2．5．3 Corporate governance mechanisms and their role in organizational performance

2．6 Governance standards and principles around the world

2．6．1 United states

2．6．2 OECD

2．7 Conceptual perspective for corporate governance

2．7．1 Theoretical perspective for corporate governance

2．7．2 Theoretical framework of the research

2．7．3 Development of a conceptual framework

3 CHAPTERTHREE-ECONOMIC DEVELOPMENT，CORPORATE GOVERNANCE AND DEVELOPMENT OF FINANCIAL SYSTEM IM CAPE VERDE

3．1 Overview of political and economic environment in Cape Verde

3．2 Overview of financial system in Cape Verde

3．2．1 Characteristics of the top five banks in Cape Verde

3．2．2 Regulation environment for financial institutions in Cape Verde

3．2．3 Financial institutions and corporate governance，elements of corporate governance in Cape Verdean financial sector and state of corporate governance in financial companies in Cape Verde

3．2．4 The imperative of good corporate governance in Cape Verdean financial sector

3．3 Conclusion

4．CHAPTER FOUR-HYPOTHESIS，HYPOTHESIS DEVELOPMENT AND MODEL SPECIFICATION

4．1 Hypothesis．hypotheses development and model specification

4．2 Model specification

5．CHAPTER FIVE-ESEARCH METHODS

5．1 Introduction

5．2 Research design

5．3 Study population

5．4 Sample and sampling population

5．5 Data gathering method

5．6 Model specification and variables

5．5．1 Design of variables：Measurement of variables

5．6 Data analysis method

6．CHAPTER SIX-DATA ANALYSIS AND RESULT PRESENTATION

6．1 Introduction

6．2 Descriptive statistical analysis of the sampled companies by variables

6．3 Inferential statistics，hypotheses testing．

6．3．1 Inferential statisticsfor the relationshit,between internal corporate governance mechanisms and ROA

6．3．2 Inferential statistics for the relationship between internal corporate governance mechanisms and ROE

6．5 Summary of findings

7．CHAPTER SEVEN-DISCUSSION， CONCLUSION AND RECOMMENDATIONS

7．1 Introduction

7．2 Discussion

7．3 Conclusion

7．4 Recommendations and Contribution to knowledge

7．5 Suggestion for further studies

References

Appendices

声明