The Relationship between Director and Supervisor's Self-interest Behavior and Legal Entity Directors and Supervisors of Business Groups

• Main Authors: WU, YA-LING, 吳雅玲
• Other Authors: WEI, YU-SHAN
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/592hd9

碩士 === 國立雲林科技大學 === 會計系 === 106 === This study examines the relationship between directors’/supervisors’ self-interested behavior and legal entity directors/supervisors of business groups by using the listed companies on the Taiwan Stock Exchange from 2007 to 2012 as the research sample. The results show that legal entity directors/supervisors of business group affect the efficiency and operations of the board of directors and, consequently, weaken the internal corporate control mechanism. The higher ratio of legal entity directors/supervisors of business group increases, the easier for them to influence the decision-making and to maximize self-benefits through controlling over the board seats. Thus, a higher ratio of legal entity directors/supervisors of business group is more likely to have higher probability and degree of self-interested behavior of directors/supervisors. This study may provide individual investors as a reference. Our government and policy makers also can take this study as the Value-Relevance Information on the issue of revision system for legal entity directors/supervisors.