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題名:董事會特性與股權結構對臺灣壽險業經營效率之影響
書刊名:臺灣企業績效學刊
作者:湯惠雯 引用關係郭翊槿
作者(外文):Tang, Hui-wenKuo, Yi-chin
出版日期:2011
卷期:5:1
頁次:頁19-39
主題關鍵詞:股權結構家族控制經營績效董事會特性資料包絡分析法Board characteristicsData envelopment analysisFamily controlOperational efficiencyOwnership structure
原始連結:連回原系統網址new window
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  • 共同引用共同引用:316
  • 點閱點閱:151
本研究以台灣公開發行的壽險公司為樣本,檢視董事會特性與股權結構對經營效率的影響,並利用資料包絡分析法(data envelopment analysis,DEA)衡量壽險業的經營效率。有鑑於投資收益對壽險業經營績效的重要性,本研究評估效率值時,在投入項除考慮勞力及資本外,特別加入資金運用金額,同時在產出項則納入保費收入及投資淨收益。研究結果發現,董監持股比率與效率值存在顯著的正向關係,符合「利益收斂假說」;CEO雙重性與公司經營效率亦呈顯著的正向關係;董事會規模與效率值則呈顯著負相關。此外,家族控制與非家族控制的樣本,在效率值、董事會特性及股權結構等變數,均呈現顯著差異。
This study examines the effect of board characteristics and ownership structure on the operational efficiency of public life insurers in Taiwan. Data envelopment analysis (DEA) is employed to evaluate operational efficiency of sample firms. Since the merit of investment plays an important role of insurers' performance, we adopt total amount of capital investment, labor, and equity as input variables. In the same token, we also consider net investment income and premium income as output variables. Our empirical results show that there is a positive relation between board/supervisor ownership and efficiency measures, which is in accordance with the convergence-of-interest hypothesis. CEO duality is positively related to efficiency measures. Besides, we find that larger board size may reduce the efficiency of decision-making. Notably, there are significant differences between family-controlled and non family-controlled firms in efficiency measures, board characteristics, and ownership structure.
期刊論文
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圖書
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2.高強、黃旭男、末吉俊幸(2003)。管理績效評估:資料包絡分析法。臺北:華泰文化。new window  延伸查詢new window
 
 
 
 
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