| Summary: | 碩士 === 國立東華大學 === 企業管理學系 === 106 === The board of directors has a decisive position for a firm, Taiwan has been committed to establishing of regulations for directors and supervisors in recent years. This study aims to explore on firm performance with the external dependencies on board of directors and external resources on directorate interlock through Resource Dependence Theory, considering the impact of outside directors and directorate interlock when controlling the directors’ seats in same industry. The three constructs are used to examine the firm's influence and position in the industry, increasing the control of the environment and monopolistic market power, while reducing the competitiveness and uncertainty within the industry.
In this study, 2006-2016 found recorded in the TEJ, a total of 1,106 Taiwanese listed companies were used as research samples. The return on assets and return on equity of each company were the proxy variables of firm performance, and the empirical research is carried out by regression model.
The results show that when the proportion of outside directors is higher, it has a positive impact on firm’s performance; the number of directorate interlock outside seats has a negative impact on firm’s performance; the degree of controlling directors’ seats in the same industry has a positive impact on firm’s performance, and it has a positive moderating effect on firm’s performance with the outside directors and directorate interlock. Overall, an external resource dependency of directors has an impact on performance after controlling the board of directors in the industry.
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