博碩士論文 954201015 詳細資訊




以作者查詢圖書館館藏 以作者查詢臺灣博碩士 以作者查詢全國書目 勘誤回報 、線上人數:24 、訪客IP:3.135.183.187
姓名 黃茵妤(Yin-yu Huang)  查詢紙本館藏   畢業系所 企業管理學系
論文名稱 從家族企業探討創新活動行為
(Founding family ownership and innovation:An empirical analysis from Taiwan)
相關論文
★ 我國中小企業貸款門檻操縱行為分析 -以某銀行授信戶為例★ 董事會結構與自願性財務預測之關聯性
★ 國際化、創新活動與公司績效:台灣上市公司董事會結構論析★ 國際化對公司經營績效的影響:資訊透明度的中介效果
★ 內部人持股與會計師選擇關聯性之研究-以馬來西亞上市公司為例★ 利用吸引力因子進行嚴重服務失誤補救之成效
★ 提升企業價值之永續發展策略 -以H公司資源回收為例★ 組織變革對業務人員銷售力的影響-以電子零組件通路商為例
★ 會計保守性與法說會的關聯性★ 探索產品品牌、品牌個性與人格特質的對應關係
★ 復徵證券交易所得稅對台灣股市之影響★ 法人說明會對國際化績效與創新的影響
★ 投資人情緒與資訊透明度關聯性之研究★ 公司股權結構與內部人交易關聯性之研究
★ 分析師是否高估應計項目的價值-兼論其對現金增資偏低訂價之影響★ 分析師預測與新上市公司新股折價關聯性之研究
檔案 [Endnote RIS 格式]    [Bibtex 格式]    [相關文章]   [文章引用]   [完整記錄]   [館藏目錄]   至系統瀏覽論文 ( 永不開放)
摘要(中) 本文探討家族企業與創新活動的關聯性。實證結果發現,相較於非家族企業,家族企業較會進行創新活動。此一實證結果顯示,家族企業可以有效降低創新活動所帶來的代理問題。
摘要(英) This study investigates the relation between founding-family ownership and inventive activity. We find that family firms are more innovative than nonfamily firms. Our empirical results are consistent with the conjecture that family ownership is effective at alleviating the high agency costs associated innovation.
關鍵字(中) ★ 創新活動
★ 家族企業
關鍵字(英) ★ innovation
★ family firms
論文目次 中文摘要..................................................i
英文摘要.................................................ii
目錄....................................................iii
表目錄...................................................iv
一、 緒論.............................................1
二、 文獻探討.........................................4
2.1. 家族企業議題.....................................4
2.2. 股權結構與創新活動...............................5
三、 假說發展.........................................7
3.1. 家族企業與代理問題...............................7
3.1.1. 型I代理問題......................................7
3.1.2. 型II代理問題.....................................8
3.2. 家族企業與創新活動...............................8
四、 研究方法........................................11
4.1. 選樣準則與資料來源..............................11
4.2. 實證模式與變數定義..............................13
4.2.1. 創新活動之衡量..................................13
4.2.2 家族企業之定義與分類............................14
4.2.3. 模式............................................14
五、 實證結果與分析..................................17
5.1. 樣本敘述統計....................................17
5.2. 基本實證結果....................................20
5.3. 家族企業-家族成員擔任CEO之影響.................21
5.4. 家族企業-採取擴增控制權機制之影響..............23
5.5. 家族企業-公司年齡之影響........................24
5.6. 創新活動與家族所有權之非線性關係................26
六、 結論............................................28
參考文獻 ................................................30
參考文獻 〔1〕李永全和馬黛,「台灣家族公司負債融資成本之研究」,管理評論,民國九十五年,第二十五卷第三期,69-91。
〔2〕金成隆、陳俞如,「公司治理與專利權:台灣新興市場」,管理學報,民國九十六年,第二十三卷第一期,99-124。
〔3〕葉銀華、蘇裕惠、柯承恩、李德冠,「公司治理機制對於關係人交易的影響」,證券市場發展季刊,民國九十二年,第15 卷,69-106。
〔4〕Ali, A., Chen, T. and Radhakrishnan, S.(2007),“Corporate disclosures by family firms”, Journal of Accounting and Economics 44, 238-286.
〔5〕Anderson, R. and Reeb, D. M.(2003),“Founding family ownership and firm performance: Evidence from the S&P 500”, Journal of Finance 58, 1301–1329.
〔6〕Balkin, D. B., Markman, G. D. and Gomez-Mejia, L.R.(2000),“Is CEO pay in high-technology firms related to innovation?”, Academy of Management Journal 43, 1118-1129.
〔7〕Baysinger, B.D., Kosnik, R.D. and Turk, T.A.(1991),“Effects of board and ownership structure on corporate R&D strategy”, Academy of Management Journal 34, 205-214.
〔8〕Boone, A.L., Field, L.C., Karpoff, J.M. and Raheja, C.G.(2007),“The determinants of corporate board size and composition: An empirical analysis”, Journal of Financial Economics 85, 66-101.
〔9〕Brush, T.H., Bromiley, R. and Hendrickx, M.(2000),“The free cash flow hypothesis for sales growth and firm performance”, Strategic Management Journal 21, 455-472.
〔10〕Chen, S., Chen, X. and Cheng, Q.(2008),“Do Family Firms Provide More or Less Voluntary Disclosure?”, Journal of Accounting Research 46, 499-536.
〔11〕Chen, T.(2005),“Executive compensation contracts of family firms”, Working paper, University of Texas at Dallas.
〔12〕Chen, X., Cheng, Q. and DAI, Z.(2007),“Are US Family Firms Subject to Agency Problems? Evidence from CEO Turnover and Firm Valuation”, Working paper, University of British Columbia and UT Dallas.
〔13〕Chung, K., Wright, P. and Kedia, B.(2003),“Corporate governance and market valuation of capital and R&D investments”, Review of Financial Economics 12, 161-172.
〔14〕Claessens, S., Djankov, S. and Lang, L.H.P.(2000),“The separation of ownership and control in East Asian corporation”, Journal of Financial Economics 58, 81-112.
〔15〕Claessens, S., Djankov, S. and Lang, L.H.P.(2002),“Disentangling the incentive and entrenchment effects of large shareholding”, Journal of Finance 56(6), 2741-2771.
〔16〕Demsetz, H. and Lehn, K.(1985),“The structure of corporate ownership: Causes and consequences”, Journal of Political Economy 93, 1155-1177.
〔17〕Demski, J.(1994),“Managerial uses of accounting information”, Kluwer Academic Publishers, MA.
〔18〕Dobrzynski, J.(1993),“Relationship investing”, Business Week 3309, 68-75.
〔19〕Edvinsson, L. and Malone, M.S.(1997),“Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Roots”, New York: Harper Business.
〔20〕Francis, J. and Smith A.(1995),“Agency costs and innovation some empirical evidence”, Journal of Accounting and Economics 19, 383-409.
〔21〕Francis, J., Schipper, K. and Vincent. L.(2005),“Earnings and dividend
informativeness when cash flow rights are separated from voting rights”, Journal of Accounting and Economics 39, 329-360.
〔22〕Gaver, J. and Gaver, K.(1993),“Additional evidence on the association between the investment opportunity set and corporate financing, dividend and compensation policies”, Journal of Accounting and Economics 16, 125-160.
〔23〕Griliches, Z.(1981),“Market value, R&D, and patents”, Economic Letters 7, 183-187.
〔24〕Gu, F. and Lev, B.(2001), “Intangible assets – measurement, drivers, usefulness” , working paper, Boston University/New York University.
〔25〕Healy, P.M. and Palepu, K.G.(2001),“Information asymmetry, corporate disclosure, and the capital market: A review of the empirical disclosure literature”, Journal of Accounting and Economics 31, 405-440.
〔26〕Henderson, R. and Cockburn, I.(1994), “Measuring Competence? Exploring Firm Effects in Pharmaceutical research”, Strategic Management Journal 15, 63-84.
〔27〕Hill, C.W.L and Snell, S.A.(1988),“External Control, Corporate Strategy, and Firm Performance in Research- Intensive Industries”, Strategic Management Journal 9, 577-590.
〔28〕Holderness, C. G. and Sheehan, D. P.(1988),“The role of majority shareholders in publicly held corporations”, Journal of Financial Economics 20, 317–346.
〔29〕Holmstrom, B.(1989),“Agency costs and innovation”, Journal of Economic Behavior and Organization 12, 305-327.
〔30〕Hunt, H.(1985),“Potential determinants of corporate inventory decisions”, Journal of Accounting Research 23, 448-467.
〔31〕Jacob, W.F. and Kwak, Y.H.(2003),“In search of innovative techniques to evaluate pharmaceutical R&D projects”, Technovation 23, 291.
〔32〕James, H.S.(1999),“Owner as Manager, Extended Horizons and the Family Firm”, International Journal of the Economics of Business 6, 41-55.
〔33〕Jensen, M.C. and Meckling W.H.(1976),“Theory of the firm: Managerial behavior, agency cost and ownership structure”, Journal of Financial Economics 3, 305-360.
〔34〕Jensen, M.C. and Smith, C.W.(2000),“Stockholder, manager, and creditor interests:Application of agency theory”, Harvard Norm research Paper.
〔35〕Lamont O., Polk, C. and saa-Requejo J.(2001),“Financial Constraints and Stock Returns”, Review of Financial studies 14, 529-554.
〔36〕La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny R.W.(1998),“Law and finance”, Journal of Political Economy 106, 1113-1155.
〔37〕La Porta, R., Lopez-de-Silanes, F. and Shleifer, A.(1999),“Corporate ownership around the world”, Journal of Finance 54, 471-517.
〔38〕La Porta, R., Lopez-De-Silanes., F., Shleifer, A. and Vishny, R.W.(2000),“Investor protection and corporate governance”, Journal of Financial Economics 58, 3-27.
〔39〕Lederman, D. and Saenz, L.(2005), “Innovation and Development Around the World, 1960-2000”, World Bank Policy Research, Working Paper 3774, Washington, DC: World Bank.
〔40〕Maurer, B.(1999),“Innovation and investment under financial constraints and product market competition”, International Journal of Industrial Organization 17,455-476.
〔41〕McConnell, J. and Servaes, H.(1990),“Additional evidence on equity ownership structure, and firm performance”, Journal of Financial Economics 27, 595-612.
〔42〕Monks, R. and Minow, N.(1995),“Corporate governance”, Combridge, MA, Blackwell.
〔43〕Morck, R., Shleifer, A. and Vishny, R.(1988),“Management ownership and market valuation: An empirical analysis”, Journal of Financial Economics 20, 293-315.
〔44〕Shleifer, A. and Vishny, R.W.(1986),“Large shareholders and corporate control”, Journal of Political Economy 94, 461-488.
〔45〕Shleifer, A. and Vishny, R.(1997),“A Survey of Corporate Governance”, Journal of Finance 52, 737-783.
〔46〕Stein, J.(1989),“Efficient capital markets, inefficient firms: A model of myopic corporate behavior”, Quarterly Journal of Economics 10, 655-669.
〔47〕Tirole, J.(1988),“The theory of industrial organization”, The MIT Press.
〔48〕Tsai, K. and Wang, J.(2005),“Does R&D performance decline with firm size?
re-examination in terms of elasticity”, Research Policy 34, 966-976.
〔49〕Villalonga, B. and Amit, R.(2006),“How do family ownership, control and management affect firm value?”, Journal of Financial Economics 80, 385-417.
〔50〕Wang, D.(2006),“Founding Family Ownership and Earnings Quality”, Journal of Accounting Research 44 , 619-656.
〔51〕Wright, P., Kroll, M. and Elenkov, D.(2002),“Acquisition returns, increase in firm size, and chief executive officer compensation: The moderating role of monitoring”, Academy of Management Journal 45, 599-608.
〔52〕Yeh, Y. H., Lee, T. S. and Woidtke, T.(2001),“Family control and corporate governance: Evidence from Taiwan”, International Review of Finance 2, 21-48.
指導教授 曹壽民(Shou-min Tsao) 審核日期 2008-7-2
推文 facebook   plurk   twitter   funp   google   live   udn   HD   myshare   reddit   netvibes   friend   youpush   delicious   baidu   
網路書籤 Google bookmarks   del.icio.us   hemidemi   myshare   

若有論文相關問題,請聯絡國立中央大學圖書館推廣服務組 TEL:(03)422-7151轉57407,或E-mail聯絡  - 隱私權政策聲明