The Impacts of Outside Directors and Family Ownership n Firm Performance - The Case of Electronic Industry in Taiwan
Date Issued
2008
Date
2008
Author(s)
Lin, Tzu-Yao
Abstract
This study examines the effects of outside directors, family ownership and absorptive capacity on corporate performance. From the research results, this study suggests an inverse U-shaped relationship between the proportion of outside directors and corporate performance. When adding two types of absorptive capacity- R&D intensity and marketing intensity- as moderators, the relationship between outside director percentage and corporate performance becomes strengthened or attenuated respectively. In addition, this study proposes that the proportion of family directors is negatively associated with the corporate performance; while the proportion of the family equity ownership is positively associated with the corporate performance. Comprehensive secondary data on all the electronic companies listed in the Taiwan Stock Exchange supports the prediction. This article also discusses the managerial implications and highlights future research directions in the end.
Subjects
Corporate Governance
Outside Director
Family Director
Family Ownership
SDGs
Type
thesis
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