The Impacts of Family Enterprise and Corporation Governance on Corporation Performance and Risk
| Autor: | Hsing-Jung Lai, 賴幸蓉 |
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| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 The objective of this study is to explore whether the corporate governance is different between family firms and non-family firms and further examine the endogenous relations among firm performance, risk and liabilities during the period 2002 to 2011. The empirical findings show that family firms had worse corporate governance than non-family firms, and it results in they had higher risk and worse performance. There were endogenous relations between performance and risk of firms, and when the firm performance is higher than average industry performance, the firm risk has a positive effect on the performance. However, firm performance would negatively influence on their risk. Finally, the endogenous relations hip of performance and liabilities of firms shows that they negatively influenced each other. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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