The purposes of this study are to investigate: (1) the relationship between appointmentsof executive management team with the public sector experience and firm characteristics;(2)the relationshipbetweenfirm performances and appointmentsof executive management team with the public sector experience. The samples are the listed, OTC, and emerging stock companies in Taiwan.The empirical results show that the higher the percentage of shares held by government, the higher the percentage ofappointmentsof executive management team with the public sector experience. Furthermore, the higher the percentage ofappointmentsof executive management team with the public sector experience, the better the firm performances.
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