| dc.description.abstract |
The purpose of this study is to examine the factors of employment stability and its influence on performance, using 728 companies listed on Taiwan Stock Exchange from 2009 to 2013 as selected data to do the regressions and observations. From the literature, the factors of employment stability are regarded as the total assets, company age, board size, debt assets ratio, board control rights, cash flow deviation rate, hold both the chairman and general manager positions, family corporation. Then, examine the influence of employment stability on performance. Employment stability is a characterization of employment adjustment strategy, which implies the results of its employment hiring strategy implementation. The attributes and conditions of its own company will be considered while making the decision of employment adjustment strategy. This process is endogenous and self-selected, depending on three dimensions of ＂Organizational structural inertia＂, ＂Company financial result＂, and ＂Stewardship governance model＂. The empirical results show that the organizational structure inertia and employment stability are positive correlation. The company financial result and employment stability are positive correlation. The stewardship governance model and employment stability are positive correlation. The expected employment stability and its influence on performance are positive correlation.
Keywords: employment stability, structural inertia, stewardship, organizational performance | en_US |