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系統識別號 U0026-0812200911064967
論文名稱(中文) 董事會特性、績效與多角化程度關連性之權變觀點—以台灣電子產業為例
論文名稱(英文) Contingency view on the diversification effects of board characteristics: empirical evidence of Taiwan's electronic industries
校院名稱 成功大學
系所名稱(中) 企業管理學系碩博士班
系所名稱(英) Department of Business Administration
學年度 92
學期 2
出版年 93
研究生(中文) 吳令儀
研究生(英文) Wu-Lieng Yi
學號 r4691109
學位類別 碩士
語文別 中文
論文頁數 77頁
口試委員 指導教授-吳學良
口試委員-陳忠仁
口試委員-張淑昭
指導教授-陳淑惠
中文關鍵字 環境  競爭策略  多角化程度  資本結構  公司治理 
英文關鍵字 competitive strategy  environment  strategic fit  diversification  capital structure  corporate governance 
學科別分類
中文摘要   本研究之目的在於探討公司治理對績效與多角化程度間之關連。以往關於公司治理議題的研究多著重於探討公司治理與企業績效間的關係,且主要為測試公司治理對績效之直接效果。本研究擬以權變觀點分別探討公司治理與資本結構、競爭策略及環境的組合是如何影響企業績效及多角化程度。
  本研究以資訊電子產業為研究樣本,蒐集2000年至2002年之次級資料進行研究。研究結果除證實公司治理對績效及多角化程度具有顯著影響外,在交互作用之測試上,公司治理與競爭策略及環境的搭配,也對績效與多角化程度具有顯著之交互作用效果,可知在不同情境下,公司治理對績效及多角化程度的影響亦有所不同。本研究依實證結果發展之管理意涵有四:董事會規模小有助於解決代理問題。當公司具有高成長機會時,董事會規模的設計應採取小規模,以提升績效。在公司治理制度的設計上,應致力於提高全體董監事持股比率。公司治理變數必須在加入調和項後,才對績效或多角化程度具有顯著關係,支持本研究之權變觀點,且此一權變觀點,提供在日漸重要之公司治理議題上,更完善之公司制度設計及企業多角化策略之省思。

英文摘要   This study aims to analyze the impact of board characteristics on firm performance and the degree of diversification. Though previous studies have confirmed the direct effects of corporate governance on firm performance, the indirect role of board characteristics is worth further exploration by the contingency approach. Our study added capital structure, competitive strategy and environment munificence as moderators for the linkage between corporate governance and firm performance and the degree of diversification.
  Based on the data of 368 electronic firms in Taiwan during 2000~02, this study uses three-step moderated hierarchical regression to test separately the hypothesized relationships with firm performance and diversification. The results not only support the direct effects of corporate board on performance and diversification, but also find the moderating roles played by strategy choices and environment. The empirical evidences suggest that the effects of corporate governance on performance or some other strategic behavior should be examined with a contingency view.

論文目次 第一章 緒論..............................................1
第一節 研究背景與動機..................................1
第二節 研究目的........................................3
第三節 研究流程與章節安排..............................4
第二章 文獻回顧與假說發展................................5
第一節 代理問題與公司治理..............................5
第二節 資本結構與公司治理..............................10
第三節 公司治理與企業績效之關連........................12
第四節 公司治理與多角化程度之關連......................19
第五節 小結............................................29
第三章 研究架構與研究方法................................30
第一節 觀念性研究架構..................................30
第二節 研究假說........................................31
第三節 研究變數衡量....................................33
第四節 研究樣本........................................37
第五節 研究方法........................................40
第四章 實證結果與分析....................................45
第一節 公司治理、策略、環境與績效之實證研究結果........45
第二節 公司治理、策略、環境與多角化程度之實證研究結果..54
第三節 小結............................................69
第五章 結論與建議........................................73
第一節 研究貢獻........................................73
第二節 結論............................................74
第三節 研究限制........................................76
第四節 對未來研究之建議................................77
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