本研究探討法人董監事特性與我國上市櫃企業的公司治理品質關聯性。具體而言,本研究以上市櫃公司治理評鑑等級作為衡量公司治理品質的代理變數,以法人董監持股比率及法人董監席次衡量法人董監特性,實證分析法人董監特性是否影響公司治理品質。本研究之實證結果顯示,法人董監席次比例與公司治理品質呈顯著負向關係,法人董監席次較高之公司其公司治理品質較差。納入集團控制觀點,本研究之分析顯示,集團企業法人董監席次比例亦與公司治理品質呈顯著負向關聯性。亦即,集團企業法人董監比例較高之公司其公司治理品質較差。此外,本研究亦發現,集團企業法人董監持股比例與公司治理品質呈顯著正向關聯性,顯示集團法人董監持股比例越高之公司,其公司治理品質較佳。
Using companies listed in Taiwan Stock Exchange, this study empirically explores the association between characteristics of board representatives of juristic persons and the quality of corporate governance. The empirical results indicate that the proportion of seats occupied by juristic director and supervisor on the board is significantly and negatively associated with corporate governance quality. The result also shows that the proportion of internal juristic directors and supervisors has a significantly and negatively related to the quality of corporate governance. These findings imply that the system for board representatives of juristic persons may have a negative impact on corporate governance quality. However, this study also finds that the shareholding ratio held by the juristic directors and supervisors is significantly and positively associated with the quality of corporate governance. This result indicates that firms with higher proportion of shareholding held by the juristic directors and supervisors have better corporate governance quality.