Corporate Governance and Supply Chain Linking Effectiveness－The Case of Green Energy Industry

• Main Authors: Yu-Chen Cheng, 鄭宇眞
• Other Authors: 江向才
• Format: Others
• Language: en_US
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/10018210393189359743

博士 === 逢甲大學 === 商學博士學位學程 === 101 === This research focuses primarily on the shareholding structure and board structure in the internal mechanism; it also explores the auditor’s monitoring role and information transparency regulation mechanism in the external mechanism based on the corporate governance structure of the World Bank (1999). In order to solve the agency problems of green energy companies, this paper examines the influence of the corporate governance monitoring effect on the linking effectiveness of green energy companies with suppliers and customers when corporate credit risks differ. According to the empirical results, this research found that different internal and external governance mechanisms have different monitoring effects that will reduce agency problems and affect the operating effectiveness of green energy companies in the supply chain. Credit risks interfere with the corporate governance effect. In lower credit risk companies, if the corporate governance is better, the raw material turnover, accounts receivable turnover, and market share rates are higher. In addition, when the credit risk of a green energy company is low (TCRI<4), if the corporate governance is better, the supplier is willing to provide favorable payment conditions so that the company has more effective capital utilization. This research suggests that green energy companies not only strengthen the corporate governance mechanism, but also attempt to reduce corporate credit risks. The interactive effects of both facilitate the improvement of linking effectiveness with upstream and downstream companies in the supply chain.