教師資料查詢 | 類別: 期刊論文 | 教師: 林美智 MEI-CHIH LIN (瀏覽個人網頁)

標題:The Managerial Control Types of Conglomerates and Firm Performance
學年99
學期2
出版(發表)日期2011/07/01
作品名稱The Managerial Control Types of Conglomerates and Firm Performance
作品名稱(其他語言)
著者Hsiang-Tsai Chiang; Mei-Chih Lin
單位
出版者
著錄名稱、卷期、頁數International Journal of Financial Research 2(2), pp.2-15
摘要This paper investigated the relationship among board leadership structure, shareholder rights, the divergence of responsibilities, and firm performance under a variety of conglomerate-controlling behaviors. Results revealed a negative correlation among chief executive officer (CEO) duality and deviations from stock-control rights, earnings-distribution rights, seat-control rights, and stock-control rights on a single family-controlled company's performance. The ratio of shares held by directors and independent directors significantly correlated with the level of company performance. This may explain the relationship of current board composition in Taiwanese-listed companies' structure and the phenomenon of business performance. The manager-controlled type is common in Taiwan's electronics industry. We determined that, apart from the significant positive correlation between the numbers of independent directors and company performance, the remaining outcomes of the primary variables were not significant. This illustrates that the controller of the company is the professional manager. The correlation between the structure of the board of directors and company performance was found to be minimally significant. However, independent directors were still found to act as important oversight mechanisms.
關鍵字Conglomerate;Control type;Board leadership structure;Independent directors;Firm performance
語言英文
ISSN1923-4023
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別加拿大
公開徵稿
出版型式,電子版,紙本
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