The Relationship between Corporate Governance and Intellectual Capital: Empirical Study of Taiwanese Electronics Manufactures

公司治理與智慧資本關係之研究─以資訊電子業為例

10.29724/TMR.201108.0008

曾俊堯(Chun-Yao Tseng)；林俊儀(Chun-Yi Lin)

公司治理 ； 智慧資本 ； 董事會 ； Corporate Governance ； Intellectual Capital ； Board of Directors

東海管理評論

13卷1期（2011 / 08 / 01）

255 - 283

英文

近年來，亞洲金融風暴與美國知名企業爆發財務醜聞，暴露出企業管理的諸多問題，同時有鑑於公司治理係為企業重要策略與生存發展之核心關鍵，使得公司治理漸漸興起與受到重視。同時，在知識經濟的基礎下，智慧資本成為公司重要資源。然而，對於公司治理與智慧資本之間的 “黑箱”地帶，卻無太多的瞭解，因此本研究透過對代理理論、資源依賴理論和其他理論，探討公司治理與智慧資本之間的關係。本研究主要探討董事會組成結構與董事會成員特質之公司治理議題，而智慧資本則分為人力資本、組織資本、關係資本與創新資本四項，同時以2001年至2005年的臺灣255家資訊電子產業上市公司作為研究對象，並建立兼具時間數列與橫段面之追蹤資料（Panel Data），並利用固定模式程式來進行實證。在實證過程中，本研究為能深入瞭解公司治理對不同類型的智慧資本的影響，將智慧資本分成四項─人力資本、關係資本、組織資本與創新資本來探討。研究結果發現，發現公司治理與智慧資本之間確實存在有關聯。

近年來，亞洲金融風暴與美國知名企業爆發財務醜聞，暴露出企業管理的諸多問題，同時有鑑於公司治理係為企業重要策略與生存發展之核心關鍵，使得公司治理漸漸興起與受到重視。同時，在知識經濟的基礎下，智慧資本成為公司重要資源。然而，對於公司治理與智慧資本之間的“黑箱”地帶，卻無太多的瞭解，因此本研究透過對代理理論、資源依賴理論和其他理論，探討公司治理與智慧資本之間的關係。本研究主要探討董事會組成結構與董事會成員特質之公司治理議題，而智慧資本則分為人力資本、組織資本、關係資本與創新資本四項，同時以2001年至2005年的臺灣255家資訊電子產業上市公司作為研究對象，並建立兼具時間數列與橫段面之追蹤資料（Panel Data），並利用固定模式程式來進行實證。在實證過程中，本研究為能深入瞭解公司治理對不同類型的智慧資本的影響，將智慧資本分成四項－人力資本、關係資本、組織資本與創新資本來探討。研究結果發現，發現公司治理與智慧資本之間確實存在有關聯。

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