總經理管理任期對企業不當作為之影響：以台灣半導體企業為例

In the wake of corporate social responsibility, the academia and practitioners are increasingly concerned with the causes and consequences of corporate misconduct. Among theoretical and empirical probes into the issue, a CEO's career horizon is thought to be a key factor of the quality of executive decision making. In a sample of 1,124 firmyear observations in semiconductor industry in Taiwan, the study argues that CEO career horizon has an inverted-U effect on the incidence of corporate misconduct. Further considering the monitoring roles of board size and board functional diversity, we found that a board with members from diverse functional backgrounds is better able to mitigate the detrimental effect of CEO career horizon on corporate misconduct rather than a largesized board. This study contributes to the literature by highlighting the critical roles of CEOs and boards in corporate irresponsible behavior. © 2018, College of Management Press. All right reserved.