中國大陸家族企業治理機制與公司績效之研究—以『深圳中小企業板』上市公司為例

The Impacts of Chinese Family Firm’s Corporate Governance on Performance-A Case Study of the Shenzhen Listed Companies

吳珮雯(Pei-Wen Wu)

指導教授 ： 曹海濤

亞洲大學/管理學院/國際企業學系碩士班/碩士(2010年)

摘要

本研究主要探討中國大陸家族企業治理機制，即董事會規模、外部董事比例等結構特性與公司績效之間的關係。我們以深圳中小企業板上市公司2009年公開資料，實證檢驗公司治理之相關問題，並設計三個假說來檢驗家族企業的治理機制與績效間的關係。H1：家族企業董事會規模與公司經營績效呈正相關。H2：家族企業獨立董事比率與公司經營績效呈正相關。H3：家族企業董事長兼任總經理與公司經營績效呈正相關。實證研究結果支持H2，另H1、H3未得到支持。

關鍵字

家族企業 ； 公司治理 ； 董事會結構

並列摘要

The main purpose of this study is to analysis the corporate governance about Chinese family firms. With respect of the Shenzhen SME board firm-level data in 2009, we discuss the effect of the board size, the proportion of outside directors and the CEO duality on company’s performance. We propose three hypotheses to describe the linkage between corporate governance and family firms’ performance. The three hypotheses are that the board size is positively correlated of firm performance, the ratio of independent directors in the number of board correlates company performance positively, and the CEO duality has positive effects on firm performance. The empirical results support second hypothesis,but not support the first and the third hypothesis.

並列關鍵字

Chinese Family firm ； Corporate Governance ； Board Structure ； firm performance

參考文獻

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