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| Title: | 藉由併購達成兼顧企業道德和繼承接班的家族企業平滑所有權轉移
Smooth Ownership Transition of Family Business by Merger and Acquisition for Business Ethics and Succession Planning |
| Authors: | 阮煒傑
Ruan, Wei-Jie |
| Contributors: | 王信實
李文傑
阮煒傑
Ruan, Wei-Jie |
| Keywords: | 家族企業
併購機率
所有權轉移
永續發展
企業道德
繼承
Family Business
M&A Possibility
Ownership Transition
Longevity
Business Ethics
Succession |
| Date: | 2020 |
| Issue Date: | 2022-03-01 17:50:31 (UTC+8) |
| Abstract: | 目前在於家族企業的研究方向主要分為兩個領域，分別為繼承和企業道德。一方面當提到家族時，就一定會討論到與繼承相關的議題，所以從以前到現在依然是熱門的議題;另外一方面，根據過往的文獻可以發現企業道德對於家族企業的永續發展也是一個不可或缺的因素，道德的氛圍不只是在家族之間更是擴展到公司甚至是整個社會。這兩大研究領域從以前至今蓬勃地發展，然而他們的概念卻缺乏適當的整合，因為家族企業是一定要同時來處理這兩方面的議題。這篇文章的賽局理論模型和實證迴歸模型正是整合了這兩大主題所要探討的問題，來為家族企業的文獻提供了一個嶄新的看法。本文的結果顯示創辦人會透過併購一間公司來滿足繼承人的野心，來讓管理團隊支持繼承者的接班以利可以進行順利的所有權轉移。此外理論模型的均衡和實證迴歸的結果皆顯示勞心勞力的創辦人會期望透過併購來讓管理團隊支持所有權轉移，因此，我們可以總結併購可以為管理團隊提供誘因來管理一間公司。
The current research of family business is mainly categorized into two disciplines, Succession and Business Ethics individually. On one hand, when it comes to family, inheritance is an inevitable task to confront so that Succession is a popular issue to date; on the other hand, according to past literature, Business Ethics is a critical element for longevity of family businesses, and in the interim it is instilled not only in the family and the firm but also the society, developing a moral atmosphere to enhance social welfare. These two topics vigorously flourish respectively up to present, yet it is insufficient that their concepts are not truly combined with each other because a family business should simultaneously rather than separately deal with them. Theoretic and empirical model in this paper exactly complement explanation for linkage between Succession and Business Ethics to offer a brand-new view on subjects of family business. Our result indicates the founder is ready to merge a company for the successor’s ambition to fulfill smooth ownership transition by granting a company to the managerial team so as to support the successor’s succession. In addition, the equilibrium of the extensive form game and the outcome of the probit regression both reveal that the founder with heavy managerial burdens will require the founding managerial team to approve of an ownership transition to the aggressive successor via M&A. Hence, we shed some light on family business succession by concluding that an M&A will supply the non-family managerial team with future incentives of managing a company to boost possibility of M&A. |
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| Description: | 碩士
國立政治大學
經濟學系
107258008 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0107258008 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU202200278 |
| Appears in Collections: | [經濟學系] 學位論文
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