The Effect of Relative Seniority of Board Members and CEO on Firm Performance
碩士 === 國立臺灣大學 === 財務金融學研究所 === 105 === This paper mainly examines if the relative junior board members compared to CEO will have negative effect on firm performance measured by ROA、ROE and Tobin’s Q. The sample consisted of firms that had listed in Taiwanese Securities Exchange either in 2010 or 201...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/30484739426872278894 |
| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 105 === This paper mainly examines if the relative junior board members compared to CEO will have negative effect on firm performance measured by ROA、ROE and Tobin’s Q. The sample consisted of firms that had listed in Taiwanese Securities Exchange either in 2010 or 2015. The empirical results suggest that there is no direct effect of relative seniority of board members and CEO on firm performance measured by ROA and ROE. However, in firms’ with lower director ownership or higher excess cash, relative junior board members compared to CEO tend to have negative effect on Tobin’s Q.
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