Does violation of regulations hurt firm value enhanced: Evidence from Taiwan banking industry?
Yensen Ni,
Yangchu Fan,
Yulu Liao
et al.
Abstract:This study investigates the impact of penalties, including sanctions, corrections, and fine payments, on firm value within the context of the banking industry on the Taiwan Stock Exchange (TWSE) from 2017 to 2021. Utilizing data from the Financial Supervisory Commission, we employ rigorous statistical methods, such as multiple regression and Petersen regression models, to discern whether these punitive measures affect firm performance. Intriguingly, our findings indicate that firms subject to financial sanctio… Show more
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