臺灣人文及社會科學引文索引資料庫系統

:::

詳目顯示

回上一頁
第 1 筆 / 總合 1 筆   第一頁 上一頁 下一頁 最後一頁
/1頁
題名：董事會的有效性：外部董事與內部董事
作者：王陽照
作者(外文)：Yang-Chao Wang
校院名稱：國立臺灣大學
系所名稱：國際企業學研究所
指導教授：林修葳
學位類別：博士
出版日期：2013
主題關鍵詞：公司績效表現；董事會組成；多角化；研究與發展；沙賓法案；Firm performance；Board composition；Diversification；R&D；Sarbanes–Oxley Act
原始連結：連回原系統網址new window
相關次數：
  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:0
  • 點閱點閱:1
This paper examines the dual roles of boards within corporate governance as both monitor and advisor. The results not only provide empirical evidence, which is in contrast with the common notions that board composition is uncorrelated with firm performance but also explain the internal relations within the board, namely, its dual roles—a matter that is not settled in literature. Moreover, we offer an explanation for mixed results in prior studies for the optimal performance-enhancing board composition. We hypothesize and find that outside and inside directors serve different monitoring and advisory roles, which are amplified within diversified leveraged firms and R&D-intensive firms respectively, to affect firm performance. Finally, we explore the effect of the requirement for majority independent directors imposed by Sarbanes–Oxley Act of 2002 and related rules.
Adams, R. and Ferreira, D. (2007) A theory of friendly boards, Journal of Finance, 62, 217–50.
Agrawal, A. and Knoeber, C. (1996) Firm performance and mechanisms to control agency problems between managers and shareholders, Journal of Financial and Quantitative Analysis, 31, 377–97.
Agrawal, A. and Knoeber, C. (2001) Do some outside directors play a political role?, Journal of Law and Economics, 14, 179–98.
Andrés, P. and Vallelado, E. (2008) Corporate governance in banking: the role of the board of directors, Journal of Banking and Finance, 32, 2570–80.
Balkin, D., Markman, G. and Gomez-Mejia, L. (2000) Is CEO pay in high-technology firms related to innovation?, Academy of Management Journal, 43, 1118–1129.
Baysinger, B. and Hoskisson, R. (1990) The composition of boards of directors and strategic control: effects on corporate strategy, Academy of Management Review, 15, 72–87.
Belkhir, M. (2009) Board structure, ownership structure and firm performance: evidence from banking, Applied Financial Economics, 19, 1581–93.
Bhagat, S. and Black, B. (2001) The non-correlation between board independence and long term firm performance, Journal of Corporation Law, 27, 231–74.
Boone, A., Field, L., Karpoff, J. and Raheja, C. (2007) The determinants of corporate board size and composition: an empirical analysis, Journal of Financial Economics, 85, 66–101.
Booth, J., Cornett, M. and Tehranian, H. (2002) Boards of directors, ownership, and regulation, Journal of Banking and Finance, 26, 1973–96.
Booth, J. and Deli, D. (1999) On executives of financial institutions as outside directors, Journal of Corporate Finance, 5, 227–50.
Brick, I. and Chidambaran, N. (2010) Board meetings, committee structure, and firm value, Journal of Corporate Finance, 16, 533–53.
Carpenter, M. and Westphal, J. (2001) The strategic context of external network ties: examining the impact of director appointments on board involvement in strategic decision making, Academy of Management Journal, 4, 639–60.
Cheng, S. (2008) Board size and the variability of corporate performance, Journal of Financial Economics, 87, 157–76.
Coles, J., Daniel, N. and Naveen, L. (2008) Boards: does one size fit all?, Journal of Financial Economics, 87, 329–56.
Cotter, J., Shivdasani, A. and Zenner, M. (1997) Do independent directors enhance target shareholder wealth during tender offers?, Journal of Financial Economics, 43, 195–218.
Dahya, J., Dimitrov O. and McConnell J. (2008) Dominant shareholders, corporate boards, and corporate value: a cross-country analysis, Journal of Financial Economics, 87, 73–100.
Demsetz, H. and Villalonga, B. (2001) Ownership structure and corporate performance, Journal of Corporate Finance, 7, 209–33.
Duchin, R., Matsusaka, J. and Ozbas, O. (2010) When are outside directors effective?, Journal of Financial Economics, 96, 195–214.
Fama, E. (1980) Agency problems and the theory of the firm, Journal of Political Economy, 88, 134–45.
Fama, E. and Jensen, M. (1983) Separation of ownership and control, Journal of Law and Economics, 26, 301–25.
Fama, E. and MacBeth, J. (1973) Risk, return and equilibrium: empirical tests, Journal of Political Economy, 81, 607–36.
Farrell, K. and Hersch, P. (2005) Additions to corporate boards: the effect of gender?, Journal of Corporate Finance, 11, 85–106.
Güner, A., Malmendier, U. and Tate, G. (2008) Financial expertise of directors, Journal of Financial Economics, 88, 323–54.
Hermalin, B. and Weisbach, M. (1991) The effects of board composition and direct incentives on firm performance, Financial Management, 20, 101–12.
Hillman, A. and Dalziel, T. (2003) Boards of directors and firm performance: integrating agency and resource dependence perspectives, Academy of Management Review, 28, 383–96.
John, K. and Senbet, L. (1998) Corporate governance and board effectiveness, Journal of Banking and Finance, 22, 371–403.
Kim, H. and Lim, C. (2010) Diversity, outside directors and firm valuation: Korean evidence, Journal of Business Research, 63, 284–91.
Klein, A. (1998) Firm performance and board committee structure, Journal of Law and Economics, 41, 137–65.
Linck, J., Nettera, J. and Yang, T. (2008) The determinants of board structure, Journal of Financial Economics, 87, 308–28.
Linck, J., Netter, J. and Yang, T. (2009) The effects and unintended consequences of the Sarbanes–Oxley Act on the supply and demand for directors, Review of Financial Studies, 22, 3287–328.
Maug, E. (1997) Boards of directors and capital structure: alternative forms of corporate restructuring, Journal of Corporate Finance, 3, 113–39.
Mizruchi, M. (1996) What do interlocks do? an analysis, critique, and assessment of research on interlocking directorates, Annual Review of Sociology, 22, 271–98.
Pathan, S. and Skully, M. (2010) Endogenously structured boards of directors in banks, Journal of Banking and Finance, 34, 1590–606.
Peng, M. (2004) Outside directors and firm performance during institutional transitions, Strategic Management Journal, 25, 453–71.
Petersen, M. (2009) Estimating standard errors in finance panel data sets: comparing approaches, Review of Financial Studies, 22, 435–80.
Raheja, C. (2005) Determinants of board size and composition: a theory of corporate boards, Journal of Financial and Quantitative Analysis, 40, 283–306.
Rosenstein, S. and Wyatt, J. (1997) Inside directors, board effectiveness and shareholder wealth, Journal of Financial Economics, 44, 229–50.
Weisbach, M. (1988) Outside directors and CEO turnover, Journal of Financial Economics, 20, 431–60.
Westphal, J. (1999) Collaboration in the boardroom: behavioral and performance consequences of CEO-board social ties, Academy of Management Journal, 42, 7–24.
White, H. (1984) A heteroskedasticity-consistent covariance matrix estimator and a direct test of heteroskedasticity, Econometrica, 48, 817–38.new window
Wintoki, M. (2007) Corporate boards and regulation: the effect of the Sarbanes–Oxley Act and the exchange listing requirements on firm value, Journal of Corporate Finance, 13, 229–50.
Yermack, D. (1996) Higher market valuation of companies with a small board of directors, Journal of Financial Economics, 40, 185–212.


 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
QR Code
QRCODE

臺灣人文及社會科學引文索引資料庫

目前上線人數：238（臺灣：238，外國：0） ／ 本年度總使用人次：2687178 ／ 訪客人次（自102年09月）：68483568
國家圖書館著作權聲明 Copyright © 2013 All rights reserved.
本館地址: 100201臺北市中山南路20號． 本館地圖及交通資訊．
總機：(02)23619132．最佳瀏覽解析度為1024x768以上