Ownership structure and firm performance of listed tourism firms
學年 108
學期 1
出版（發表）日期 2019-10-31
作品名稱 Ownership structure and firm performance of listed tourism firms
作品名稱（其他語言）
著者 Chien Mu Yeh
單位
出版者
著錄名稱、卷期、頁數 International Journal of Tourism Research 21(2), p.165–179
摘要 Ownership structure has been identified as a critical governance component due to its effect on firm performance. Within ownership structure, issues of institutional shareholders, cash flow rights of controlling owners, and ownership discrepancy have not been examined in the tourism sector. The current study uses listed tourism firms in Taiwan to empirically examine how these three variables influence firm performance. Results show a positive effect on return on assets and Tobin's Q from the presence of institutional shareholders and cash flow rights of controlling owners. Ownership discrepancy has a negative effect on Tobin's Q. The present results can make contributions to agency theory and principles for good governance.
關鍵字 cash flow rights;institutional shareholders;listed tourism firms;ownership discrepancy
語言 en
ISSN 1522-1970
期刊性質 國外
收錄於 SSCI
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
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/115212 )

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