The Impact of CEO Turnover and Ownership Structure on Innovation Performance for Family and Non-family Firms:Evidence from Taiwan's Electronics Industry
| Autor: | LIU,CHIA-YU, 劉家瑜 |
|---|---|
| Rok vydání: | 2017 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 105 This paper examines the relationships among CEO turnover, ownership structure and innovation performance for Taiwan’s listed electronics industry during 2004-2012. The sample is divided into family and non-family firms, and family firms are further divided into whether the CEO after turnover was family members or not. This paper also uses the shareholding of institutional investor and the deviation rates between voting rights and cash flow rights as the proxies for ownership structure. The main findings are as follows. First, if the percentage of institutional investors’ shareholding is higher, family firms have better innovation productivity and innovation influence when a professional manager being the CEO after turnover. Second, if the deviation rates between voting rights and cash flow rights is higher, family firms with CEO turnover have worse innovation productivity when firms change CEO. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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