董事會屬性、平衡計分卡與企業營運績效之關聯性
Date Issued
2005
Date
2005
Author(s)
許嫚戎
DOI
zh-TW
Abstract
Extant research on the relationship between board of directors and corporate performance yields mixed findings. The inconsistent findings may be due to the lack of consideration of interactive effects among corporate control mechanisms. Board of directors is largely responsible for the formulation of corporate objectives, missions, and strategies. An effective corporate control system, however, also requires enforceable implementation of the strategies. The balanced scorecard (BSC) has been suggested as an enforceable control mechanism for strategy implementation. Thus, the purpose of this thesis is to explore the interactive effect of board of directors and balanced scorecard implementation on corporate performance.
Chief financial officers (CFOs) of listed companies in Taiwan are solicited to respond to the questionnaire on the degree of BSC implementation in their companies. The data for the other variables are collected from Taiwan Economic Journal database. The results based on 78 useful responses are as follows:
1. The interaction between board size and BSC
implementation has a significant and positive
effect on corporate performance.
2.There is no significant interactive effect between
independent directors (in terms of absolute number
of independent directors and relative proportion of
independent directors) and BSC implementation on
corporate performance.
3.There is a significant and positive interactive
effect between accounting expertise of independent
directors and BSC implementation on corporate
performance.
4.There is no significant interactive effect between
general management expertise of independent
directors and BSC implementation on corporate
performance.
In summary, the findings indicate that the interactions between board size and accounting expertise of independent directors, on the one hand, and BSC implementation, on the other hand, have significant and positive effects on corporate performance. Implications and limitations are offered.
Subjects
企業管理控制機制
公司治理
平衡計分卡
企業營運績效
Corporate control
Corporate governance
Board of directors
Balanced scorecard
Performance
Type
other
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