Firm Performance, Corporate Governance, Compensation, and CEO Turnover in Taiwan_

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題名：	Firm Performance, Corporate Governance, Compensation, and CEO Turnover in Taiwan
書刊名：	Asia Pacific Management Review
作者：	Lin, Ying-fen／Liu, Victor Wei-chi
出版日期：	2004
卷期：	9:4
頁次：	頁603-619
主題關鍵詞：	Turnover；Corporate governance；Compensation
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(3) 博士論文(0) 專書(0) 專書論文(0) 排除自我引用:3 共同引用:3 點閱:39

This paper looks at 309 samples from the listed manufacturing companies in Taiwan, and determines the relationship between the performance of companies, internal control mechanisms, compensation, and CEO turnover by employing a logistic model. The analytical results are as follows: A. CEO turnover when a company's performance is low is an effective internal control mechanism for reducing the agency problem in Taiwanese companies. B. The control of outside blockholders over a CEO in a company internal governance mechanism plays an important role when CEO replacement occurs.

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期刊論文
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19.	Coughlan, A. T.、Schmidt, Ronald M.(1985)。Executive compensation, management turnover, and firm performance: An empirical investigation。Journal of Accounting and Economics，7(1-3)，43-66。
20.	Fama, Eugene F.(1980)。Agency Problems and the Theory of the Firm。Journal of Political Economy，88(2)，288-307。
21.	Jensen, Michael C.、Ruback, Richard S.(1983)。The market for corporate control: The scientific evidence。Journal of Financial Economics，11(1-4)，5-50。
22.	Denis, David J.、Denis, Diane K.、Sarin, Atulya(1997)。Ownership Structure and Top Executive Turnover。Journal of Financial Economics，45(2)，193-221。
23.	Demsetz, Harold、Lehn, Kenneth(1985)。The Structure of Corporate Ownership: Causes and Consequences。Journal of Political Economy，93(6)，1155-1177。
24.	Jensen, Michael C.(1993)。The modern industrial revolution, exit, and the failure of internal control systems。The Journal of Finance，48(3)，831-880。
25.	Weisbach, Michael S.(1988)。Outside directors and CEO turnover。Journal of Financial Economics，20(1/2)，431-460。
26.	Kang, Jun-Koo、Shivdasani, Anil(1995)。Firm Performance, Corporate Governance, and Top Executive Turnover in Japan。Journal of Financial Economics，38(1)，29-58。
27.	McConnell, J. J.、Martin, K. J.(1991)。Corporate Performance, Corporate Takeovers, and Management Turnover。The Journal of Finance，46，671-687。
28.	James, D. R.、Soref, M.(1981)。Profit Constraints on Managerial Autonomy: Managerial Theory and the Unmaking of the Corporation President。American Sociological Review，46，1-18。
29.	Hadlock, C. J.、Lumer, G. B.(1997)。Compensation, Turnover, and Top Management Incentives: Historical Evidence。The Journal of Business，70(2)，153-187。
30.	Davis, G. F.(1991)。Agents without Principles? The Spread of the Poison Pill through the Intercorporate Network。Administrative Science Quarterly，36，583-613。
31.	方至民、曾志弘、鍾憲瑞(1999)。規劃過程對在臺跨國合資企業不穩定性之影響。亞太管理評論，4(1)，13-22。延伸查詢
32.	Jauch, L.、Martin, T.、Osborn, R.(1980)。Top Management under Fire。The Journal of Business Strategy，1，33-41。
33.	Katz, L. F.(1986)。Efficiency Wage Theories: A Partial Evaluation。NBER Macroeconomics Annual，1，235-275。
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35.	Osborn, R. N.、Jauch, L. R.、Martin, T. N.、Glueck, W. F.(1981)。The Event of CEO Succession, Performance, and Environmental Conditions。Journal of Financial Economics，24，183-191。

圖書
1.	Hart, O.(1995)。Firms, Contracts, and Financial Structure。Firms, Contracts, and Financial Structure。New York, NY：Oxford University Press。
2.	Monks, Robert A. G.、Minow, Nell(1995)。Corporate Governance。Cambridge, Massachusetts：Blackwell Publishing Ltd.。
3.	Vancil, Richard F.(1987)。Passing the Baton: Managing the Process of CEO Succession。Harvard Business School Press。
4.	Milgrom, Paul R.、Roberts, John(1992)。Economics, Organization and Management。Prentice-Hall International, Inc.。
5.	Berle, Adolf Augustus Jr.、Means, Gardiner C.(1932)。The Modern Corporation and Private Property。Macmillan Publishing Company。
6.	Williamson, Oliver E.(1985)。The Economic Institutions of Capitalism: Firms Markets, Relational Contracting。Macmillan, Ltd：Free Press。
7.	Dewing, A. S.(1953)。Foundation of Finance。Foundation of Finance。New York, NY。
8.	Vance, S. C.(1983)。Corporate Leadership: Boards of Directors and Strategy。Corporate Leadership: Boards of Directors and Strategy。New York, NY。

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