Is Long-Term Asset Allocation of Family Business Conservative?
| Autor: | CHEN, YA-HUI, 陳雅惠 |
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| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 In this research, family owned enterprises and non-family owned enterprises were selected for comparison. Regression analysis was conducted to provide an empirical study. It is found that the key to long-term success of family owned enterprises lies in its professional management abilities and effective control of the board. Data collected shows that long-term asset allocation for family owned enterprises tend to be positively correlated as the business operation increases and when directors are more involved in managerial activities. However, long-term asset allocation tends to be more conservative when there are more domestic financial institutions involving. In addition, the larger the scale of family owned enterprises in the steel, shipping, tourism, cultural and innovative industries, the greater the ratio of fixed assets to shareholders' equity. This has also been observed in electronic retail, information services, construction and financial services industries, where the larger the scale of family owned enterprises the higher the ratio of fixed assets to shareholders' equity. This has also been observed in electronic retail, information services, construction and financial services industries, where the larger the scale of family owned enterprises the higher the ratio of fixed assets to shareholders' equity. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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