CEO雙元性之董事會結構對公司績效之影響-以傳統產業為例

The Effects of Ownership Structure of Board with the CEO Duality-Performance Relationship on Firm Performance -Evidence from Traditional Industries.

林憶萱

董事會結構 ； 經營績效 ； CEO雙元性 ； Board Structure ； Operating Performance ； CEO Duality

長榮大學經營管理研究所學位論文

2017年

碩士

陳振宇

繁體中文

本研究針對台灣傳統業之上市(櫃)公司探討董事會結構對於公司經營績效之影響。研究期間係以金融海嘯後之時間點為主。實證結果發現，董事持股與經理人持股愈高時， 對公司之經營績效而言，係呈現顯著的正相關。其意味著針對傳統產業而言，具有利益收斂之現象。另外，在獨立董事比率對公司績效之影響方面，可以瞭解當其比率愈高時，可透過其專業知識提升公司經營績效。 另外，本研究進一步依CEO雙元性之特徵將傳統產業進行分群，探討其對公司經營績效之影響。本研究發現當CEO具雙元性之特徵時，對於傳統產業而言，當董事會規模愈大時，將不利於公司經營績效。而當CEO不具雙元性之特徵時，法人持股愈高時，對公司經營績效係較差的。

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