https://scholars.lib.ntu.edu.tw/handle/123456789/425619
標題: | Professionalization of Family Business and Performance Effect | 作者: | YUNG-CHIH LIEN Li, SM |
關鍵字: | family controlled; professionalization; post-IPO performance; corporate governance | 公開日期: | 2014 | 出版社: | SAGE PUBLICATIONS INC | 卷: | 27 | 期: | 4 | 起(迄)頁: | 346 | 來源出版物: | Family Business Review FAMILY BUSINESS REVIEW |
摘要: | ? The Author(s) 2013. This study seeks to understand the governance of post�Vinitial public offering (IPO) family firms and its impact on performance. Using an analysis of a balanced panel data set of 205 publicly listed firms in Taiwan spanning 10 years (2,050 firm-years), we found that extensive family control has a negative impact on the post-IPO performance and that nonfamily block shareholders may divest their stockholdings in these firms to protect their investments. To sustain equity support from their block shareholders, post-IPO family firms should combine the use of family control with professional management in their corporate governance structure. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/425619 | ISSN: | 0894-4865 | DOI: | 10.1177/0894486513482971 |
顯示於: | 國際企業學系 |
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