Does CEO Duality Really Affect Corporate Performance? Evidence from Taiwanese Semiconductor Industry
| Autor: | Chi-Chun Liao, 廖琦君 |
|---|---|
| Rok vydání: | 2016 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 104 Most research investigating the impact of board leadership structure as a corporate governance mechanism, this paper sheds light on the extent to which corporate leadership structure affects corporate performance by providing empirical evidence from a sample of Taiwanese Semiconductor Industry. We employ non-parametric data envelopment analysis (DEA) and super-SBM on various input/output combinations, focusing on sales and pre-tax income as output measures in the construction of the frontier technologies. A performance evaluation was completed for 348 semiconductor companies in Taiwan, including 270 in design, 14 in fabrication, 28 in packaging and 36 in testing. Our initial econometric results indicate that CEO duality has impact on corporate performance. However, when an interaction term between industry type and CEO duality is included in the model, the impact of CEO duality on corporate performance is found to vary across firms in Taiwanese Semiconductor Industry. The results of this study also showed that when higher efficient scores of the company, CEO duality of financial performance is significantly negatively correlated, but the operating performance is not affected; and in the middle of the performance of the company, two metrics are all significantly positive correlation relationship; if the overall performance is relatively poor in terms of the company, the CEO duality of financial performance is no influence in the operating performance is showing significant negative relationship. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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