政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/114784
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113485/144472 (79%)
造访人次 : 51389898      在线人数 : 345
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU 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
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/114784


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/114784


    题名: 公司治理如何影響家族企業之績效？長期縱貫分析
    How Does Corporate Governance Affect the Performance of Family Businesses? A Long-term Longitudinal Analysis
    作者: 郭翠菱
    王志洋
    Kuo, Tsui-Lin
    Wang, Chih-Yang
    关键词: 家族企業;經營績效;決定因素;縱貫分析
    Family businesses;Performance;Determinants;Longitudinal analysis
    日期: 2017-01
    上传时间: 2017-11-15 16:02:02 (UTC+8)
    摘要: 本文探討家族企業之經營績效是否優於非家族企業，並進一步分析影響家族企業經營績效之決定因素。本文以1996 年至2010 年上市櫃公司為樣本，實證結果發現家族企業會計績效優於非家族企業;額外分析發現家族企業之經營績效大多優於專業經理人治理型態企業，專業經理人對高科技業績效之影響程度大於傳統產業。有關影響家族企業經營績效之決定因素之研究發現如下：提高家族成員之控制持股對於會計績效有正面影響，該影響主要源自家族成員之直接持股，且家族控制持股與財務績效呈現非線性關係;家族成員提高控制董事席次與經營績效之間雖無顯著關聯性，董監薪酬結構在家族控制董事與家族經營績效關係中則具有調節效果;家族成員擔任重要管理職位對會計績效有正面影響，當家族創業者或繼任者仍擔任總經理或董事長，更有助於提升企業績效;提高機構法人持股對會計績效有正面影響，且國內機構法人對於會計績效影響程度較國外機構法人強;股權偏離程度愈大對於家族企業經營績效愈有不利影響。
    This study compares the impact of family versus nonfamily businesses on their performance. Furthermore, this study examines the factors determining the relationship between family businesses and firm performance. Using Taiwanese listed firms from 1996 to 2010, we find that family businesses perform better than nonfamily businesses, and that family businesses perform better than do professionally managed firms. Professional managers affect performance more in high-tech industries compared with traditional industries. Family-controlled shareholding has a positive impact on accounting-based performance. Additional analyses suggest that the family effect mainly originates from direct shareholding and that the relationship between family-controlled shareholding and performance is nonlinear. The number of family members on the BOD has no impact on firm performance. However, compensation has a moderating effect on the relation of a family-based BOD and performance. There is a positive relationship exists between family members who serve as top executives and accounting-based performance, especially when the founder or descendants serve as CEOs or chairpersons increasing performance. Institutional shareholding is associated with higher accounting-based performance, and this positive effect is stronger for domestic institutions than for foreign institutions. Finally, the higher the deviation between voting and cash flow rights of family businesses is, the more negative the effect on firm performance is.
    關聯: 會計評論, 64, 61-111
    数据类型: article
    DOI 連結: http://dx.doi.org/10.6552/JOAR.2017.64.3
    DOI: 10.6552/JOAR.2017.64.3
    显示于类别:[會計評論] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    64-3.pdf1006KbAdobe PDF2655检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈