The relationship between corporate governance and firm productivity: Evidence from Taiwan's manufacturing firms

Min Hsien Chiang, Jia Hui Lin

研究成果: Article同行評審

43 引文 斯高帕斯(Scopus)

摘要

This study analyses the relationship between ownership structure and board of director composition and their influences on the total factor productivity (TFP) of Taiwan's firms. The empirical results show that the curvilinear specification is better to capture the relationship between inside ownership and firm productivity. Meanwhile, the ownership structure in a firm indeed affects differences in TFP between conglomerate firms and non-conglomerate firms, high-tech firms and non-high-tech firms, and family-owned firms and non-family-owned firms. Additionally, a smaller board may be less encumbered by bureaucratic problems and more functional and CEO duality may be able to improve productivity. Furthermore, productivity deteriorates with increasing proportion of collateralised shares. More institutional holdings, however, are an effective way to alleviate the negative impact of collateralised shares on TFP.

原文English
頁(從 - 到)768-779
頁數12
期刊Corporate Governance: An International Review
15
發行號5
DOIs
出版狀態Published - 2007 10月

All Science Journal Classification (ASJC) codes

  • 商業、管理和會計 (全部)
  • 策略與管理
  • 技術與創新管理

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