The Effect of Corporate Governance and Family Firm on Performance of Firms Listed on Korean Stock Market (KOSPI)
碩士 === 國立政治大學 === 會計學系 === 107 === This thesis examines the effects of corporate governance and the ownership structure of firms (family vs. non-family firms) on the performance (measured in terms of return on assets and return on equity) of companies listed in KOSPI from 2013 to 2017. In specific,...
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| Format: | Others |
| Language: | en_US |
| Published: |
2019
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| Online Access: | http://ndltd.ncl.edu.tw/handle/8ky5kn |
| Summary: | 碩士 === 國立政治大學 === 會計學系 === 107 === This thesis examines the effects of corporate governance and the ownership structure of firms (family vs. non-family firms) on the performance (measured in terms of return on assets and return on equity) of companies listed in KOSPI from 2013 to 2017. In specific, this thesis first investigates whether firms with better corporate governance have higher firm performance. Furthermore, the thesis analyzes whether family firms outperform non-family firms after controlling for the ranking of corporate governance and other variables. The empirical results indicate that companies with better corporate governance have higher operating performance and that family businesses have better operating performance than non-family firms. In addition, research findings also show that the participation of family members in the business and ownership structure have significant and positive impacts on company's operating performance.
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