淡江大學機構典藏:Item 987654321/92805
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 62805/95882 (66%)
造访人次 : 3993013      在线人数 : 304
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/92805


    题名: A Corporate Life Cycle Analysis on the Relationship Between Ownership Structure and Performance: Evidence from the Taiwan Stock Exchange
    作者: Liao, Wen-Chih;Shyu, Jonchi;Chien, Szu-Min
    贡献者: 淡江大學企業管理學系
    关键词: Corporate governance;performance;ownership structure;corporate life cycle
    日期: 2013-02-01
    上传时间: 2013-10-23 09:59:17 (UTC+8)
    出版者: 臺南市：成功大學管理學院
    摘要: This study analyzes the relationship between a firm's ownership structure and its performance. Directorial and managerial ownership are two types of ownership. The corporate life cycle stages analyzed in this paper are the growth stage, maturity stage, and the life cycle as a whole. The data was taken from a 1994-2004 panel of 488 manufacturing firms listed on the Taiwan stock exchange. In order to correct endogeneity issues, a simultaneous model is used to analyze the relationship. As a result, in both the growth and maturity stages, directorial ownership is influenced by corporate performance; however, corporate performance does not influence managerial ownership. On the one hand, the paper deciphers an inverted U-shaped relationship between directorial ownership and performance, which suggests optimal ownership shares for directors; on the other hand, a U-shaped relationship between managerial ownership and performance is found. These relationships refer to the alignment and entrenchment effect respectively.
    關聯: Asia Pacific Management Review 18(2), pp.53-64
    DOI: 10.6126/APMR.2014.19.2.04
    显示于类别:[企業管理學系暨研究所] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    A Corporate Life Cycle Analysis on the Relationship Between Ownership Structure and Performance Evidence from the Taiwan Stock Exchange.pdf389KbAdobe PDF0检视/开启
    index.html0KbHTML395检视/开启
    index.html0KbHTML163检视/开启

    在機構典藏中所有的数据项都受到原著作权保护.

    TAIR相关文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回馈