The effect of corporate governance of Family and non-family businesses holding type on the operating performance

• Main Authors: Shih-Hua Zeng, 曾世樺
• Other Authors: He-Lung Li
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/64238446371442645423

碩士 === 國立高雄應用科技大學 === 會計系 === 99 === Abstract This study investigated the morphology of Corporate Governance on holding any impact on operating performance, samples of listed companies will be divided into family and non-family business, and established six principles of corporate governance: ensuring effective corporate governance structure, shareholder rights and The main function of ownership, fair treatment of shareholders, stakeholders roles, information disclosure and transparency with the board's responsibility. The empirical results show that, first of all, family businesses and non-family business for the company performance is no influence, so the results do not support the hypothesis that one. Second, the family business and non-family business for the six principles of corporate governance in the four principles (such as: ensuring the efficient corporate structure, equity ownership and the main function of the role of stakeholders and information disclosure and transparency) is presented Impact, so the results support the hypothesis II. Finally, the corporate governance variables in the four variables (such as: ownership concentration, institutional investor ownership, board size and firm size) for the family business and operational performance is not affected, but the corporate governance variables, only two variables (Such as: ownership concentration and institutional ownership rate) for non-family business operational performance is not affected, on the other hand, also represents the performance of family businesses there are three corporate governance variables (such as: the proportion of independent directors seats, Stock return and R & D intensity), of non-performance of family businesses there are five corporate governance variables (such as: board size, proportion of independent directors seats , Firm size, stock returns and the R & D intensity). Therefore, this study suggests that corporate governance for the family and the family of non-performance has an impact, respectively, only non-family businesses are affected more than the degree of family businesses, non-family business is relatively strong, so the results support the hypothesis III.