EXAMINING BOARD COMPOSITION AND FIRM PERFORMANCE

淡江大學機構典藏 > 商管學院 > 經濟學系暨研究所 > 期刊論文 > Item 987654321/106983

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題名:	EXAMINING BOARD COMPOSITION AND FIRM PERFORMANCE
作者:	Chiang, Hsiang-Tsai;Lin, Mei-Chih
關鍵詞:	Board leadership structure;CEO duality;Independent directors;firm performance
日期:	2011-01-01
上傳時間:	2016-08-15
出版者:	The Institute for Business and Finance Research
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.
關聯:	International Journal of Business and Finance Research 5(3), pp.15-27
顯示於類別:	[經濟學系暨研究所] 期刊論文

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