Corporate governance in family-controlled firms in Taiwan |
| |
Authors: | Jenifer Piesse Igor Filatotchev Yung-Chih Lien |
| |
Institution: | 1.King’s College London,London,UK;2.University of Stellenbosch,Stellenbosch,South Africa;3.National Taiwan Ocean University,Keelung,Taiwan |
| |
Abstract: | This paper examines the effects of ownership structure and board characteristics on performance in publicly traded Taiwanese
firms that are controlled by founding families. Results show that when shares are owned by institutional investors, particularly
foreign financial institutions, firms perform better. However, where families are the major shareholders, this is not the
case. In addition, boards that are independent of the financial interests of the founding family have a positive impact on
performance, whether measured by accounting ratios, operating performance or the stock market. (JEL: P52, G32) |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|