The Empirical Study of the Association among Corporate Governance, Innovation Strategy, Strategy Performance Measurement Systems and Firms Performance

• Main Authors: Cheng, Yipei, 鄭宜佩
• Other Authors: Lee, Chia-ling
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/96678518986824880809

碩士 === 國立中正大學 === 會計與資訊科技研究所 === 99 === This study examines how the boards of directors, CEO and family firms influence the use of innovation strategy and SPMS, and whether innovation strategy and SPMS have mediate effect between corporate governance and firm’s performance in a sample of publicly first 1000 manufacturing industries in Taiwan by using PLS. The result is that boards of directors’ independence and CEO ownership found the positively significant relation with the Causal-nexus oriented SPMS, but only CEO ownership have positively significant influence on Risk-control oriented SPMS. SPMS is also positive related to the performance. That is, CEO ownership can improve the firm’s performance by using SPMS. Besides, innovative firms prefer using the Risk-control oriented SPMS to the Causal-nexus oriented SPMS. Therefore, Risk-control oriented SPMS has mediate effect between innovation strategy and firm’s performance. This study also examine family firms and CEO control firms all have negatively significant influence on innovation strategy, showing that they are risk averter, not preferring innovation strategy activity.