English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113311/144292 (79%)
Visitors : 50914866      Online Users : 702
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/97164


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/97164


    Title: 在不同生命週期下董事會組成特性對公司經營績效之影響
    Other Titles: The Relationship between Characteristics of Board Directors and a Firm’s Performance: A Test of the Life Cycle Hypothesis
    Authors: 劉若蘭;許永聲;劉力維
    Liu, Jo-Lan;Hsu, Yun-Sheng;Liu, Li-Wei
    Keywords: 生命週期;董事會組成特性;企業經營績效
    Life cycle;Characteristics of board directors;Firm operating performance
    Date: 2014-01
    Issue Date: 2016-06-01 14:24:02 (UTC+8)
    Abstract: 本研究探討在不同的生命週期下，董事會組成特性對公司經營績效是否有不同程度的影響，以1996年到2007年間台灣上市櫃公司資料進行實證分析。本文參考Anthony and Ramesh (1992)的方法，將銷貨成長率、資本支出率、公司成立年度以及綜合指標做為生命週期判斷因子。實證結果發現企業處於成長階段，董事長兼總經理對公司績效有正向影響，但在成熟與衰退階段，則有負向影響。外部董事比率對於處在成長期之公司績效的影響並不顯著，而對處於成熟期與衰退期的公司績效則有正向的影響。董事規模在各生命週期階段對公司績效皆為負向的影響，尤其在成長期更為明顯。董事持股比率與公司績效有正向關聯，在成熟期與衰退期階段，提升公司績效之效果較為顯著。股份控制權偏離盈餘分配權的程度與公司績效有負向關連，尤其在成熟期與衰退期階段更為顯著。
    The present study investigates the relationship between board characteristics and firm performance at different life cycle stages. We collect data for firms listed on the Taiwan Stock Exchange during 1996-2007. Following Anthony and Ramesh (1992), we assign firms into various life cycle portfolios using sales growth, capital spending rate, firm age, and a composite score. Our results suggest that the duality of the CEO and chairman has a positive impact on firm performance during the firm’s growth stage. Having the CEO and chairman being the same person has a negative effect while the proportion of outside directors has a positive effect on firm performance in mature and decline stages. We also find that the influence of board size on firm performance is negative throughout all life cycle stages, and this phenomenon is more pronounced in the firm’s growth stage. Moreover, directors’ shareholding is positively while the separation of voting rights from cash flow rights is negatively associated with firm performance and such evidence is more pronounced in mature and decline stages.
    Relation: 會計評論, 58,133-165頁
    International Journal of Accounting Studies
    Data Type: article
    Appears in Collections:[會計評論] 期刊論文

    Files in This Item:

    File SizeFormat
    58-4.pdf802KbAdobe PDF2525View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    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 ©   - Feedback