| dc.description.abstract | ln this study, from 2005 to 2014 in Taiwan electronics group listed & over-the counter family business as objects to study, discussion on the family business leaders (ie chairman) when the change movement, The successor model, which is taken over by either a family member or professional manager, determines the correlation amongst all related stimulus.
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The empirical results show: (1) When the family business leaders movement in the probability of selecting professional managers with their former leaders of overseas qualifications, group controls on shareholding proportion, three-year average return on equity (ROE), turnover accounts for enterprise group proportion, enterprises to invest the number of overseas subsidiaries and controlling share proportion on foreign corporate were negatively correlated; (2) When the family business leader movement in the probability of selecting professional managers with enterprise director seats the control proportion and enterprise turnover were positively correlated. In this study important management implications: (1)Discussing the various stimulus and correlation amongst individuals, groups (families), organizations, and environment before deciding the successor, that it can be a reference for the family business to choose either a professional manager or family member to be the new leader/successor.(2) The family business in Taiwan to introduce professional managers run only phase of the task of succession, the end is still hoping to have the family members to manage; (3) Determine the succession of the family business leaders factors controlling stake in the group, group director seats to control the proportion of business turnover, three-year average return on equity (ROE) and the proportion of foreign corporate control is a very important observation index.
No matter what kind of successor modes chosen by family business, which can ensure sustainable management, allowing companies to have sound corporate governance and management structure, and secure the interest of the community, is the optimal decision-making mode of leadership succession for family business. | en_US |