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:EXAMINING BOARD COMPOSITION AND FIRM PERFORMANCE
學年99
學期1
出版(發表)日期2011/01/01
作品名稱EXAMINING BOARD COMPOSITION 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 Business and Finance Research 5(3), pp.15-27
摘要This paper investigates the relationship between key factors of board composition and firm performance.
We find that listed companies in Taiwan are suffered from the divergence between stock-control rights
and earnings-distribution rights, and the divergence of rights is negatively associated with firm
performance, as predicted. Besides, consistent with the viewpoint of Agency Theory that the controlling
interests of CEO may induce them to enhance company performance, we find that, CEO internalization is
significantly positively associated with firm performance. In addition, the results of the influence of board
structure document that, the more outside independent directors of a company, the better performance the
company has. Our findings provide strong support for the notion that corporate ownership structure and
board compositions are key factors in determining the corporate governance efficiency and play
important roles in enhancing firm performance.
關鍵字Board leadership structure;CEO duality;Independent directors;firm performance
語言英文(美國)
ISSN1931-0269;2157-0698
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版,紙本
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