The Influence of Board Characteristics on the Company's Operating Performance from the Perspective of Innovation and Financing Strategies

• Main Authors: WANG,YU-TING, 王鈺婷
• Other Authors: YEH,LI-JEN
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/zmjr47

碩士 === 實踐大學 === 財務金融學系碩士班 === 106 === The members of the board of directors possess the specific knowledge and resources needed by the organization and become a long-term decision making and corporate control systems, The specific roles play important properties in corporate governance. This research focuses on how to use characteristics of the board of directors to plan the appropriate of research and development intensity and financing strategies to improve corporate financial performances. The research used a total of 13,750 data from companies listed in China from 2010 to 2016 as analyzing samples to work empirical research between business performance and various board characteristics. Besides, we studied the Panel Data model to observe board characteristics in different industries, then used the impacts of R&D intensity and financial strategies on corporate performance in different situations. According to research as below: research and development intensity and debt rate will affect the company's operating performance, and the characteristics of the board directors will also affect the research and development intensity and debt rate, both are important causes of connection for company management.