期刊論文
| 學年 | 101 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2013-01-01 |
| 作品名稱 | The affection of profit incentive of ICT industry on the relationship between ownership and corporate performance |
| 作品名稱（其他語言） | |
| 著者 | Liao, Wen-Chih; Chien, Szu-Min |
| 單位 | 淡江大學企業管理學系 |
| 出版者 | Lagos: Academic Journals |
| 著錄名稱、卷期、頁數 | African Journal of Business Management |
| 摘要 | Profit Incentive is the variable and this study provided to explain the relationship between ownership structure and corporate performance. According the literature review, our study concludes the most influential sources of profit incentive. Because of the different sources of profit incentive for directors and managers between ICT and non-ICT firms, we analyzed all samples, ICT firms and non-ICT firms. Taking endogeneity endogenous of ownership structure into consideration, we set up simultaneous models for ownership structure and corporate performance. The samples in the study were on the basis of listed manufacturing firms including 199 ICT firms and 280 non-ICT firms from 1994 to 2004. The empirical implications of this study showed that in non-ICT firms, by applying stock allotment or other ways to increase directorial and managerial ownership would improve corporate performance, the results were consistent with the convergence-of-interest hypothesis. On the other hand, profit incentive of stock bonus for managers in ICT firms would offer extra profit because managers would sell out some stocks when corporate performance is superior. However, based on comparative advantage rule, managers might take entrenchment actions after comparing the profit between to misusage of authority and reward of their salary or stocks. |
| 關鍵字 | |
| 語言 | en_US |
| ISSN | 1993-8233 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | NGA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92797 ) |