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 en_US
ISSN 1931-0269 2157-0698
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106983 )