完整後設資料紀錄
DC 欄位語言
dc.contributor.authorSheu, HJen_US
dc.contributor.authorYang, CYen_US
dc.date.accessioned2014-12-08T15:20:17Z-
dc.date.available2014-12-08T15:20:17Z-
dc.date.issued2005-03-01en_US
dc.identifier.issn0964-8410en_US
dc.identifier.urihttp://dx.doi.org/10.1111/j.1467-8683.2005.00426.xen_US
dc.identifier.urihttp://hdl.handle.net/11536/14412-
dc.description.abstractIn the context of agency theory (Jensen and Meckling, 1976. Journal of Financial Economics, 3, 305-360), how insider stock ownership relates to firm performance is explored in this paper. The relevant performance measure used is total factor productivity. Insiders are classified into executives, board members and blockholders so as to facilitate a detailed study. Five-year (1996-2000) panel data of 333 Taiwanese listed electronics firms are examined. It is observed that total insider ownership remains steady while the executive-to-insider holding ratio increases significantly. In terms of the effect on total factor productivity, neither the total insider ownership nor the board-to-insider holding ratio shows any influence on productivity. However, productivity first decreases then increases with the executive-to-insider holding ratio, forming a U-shaped relationship. The results indicate that stock ownership of top officers in high-tech firms should be encouraged to enhance productivity.en_US
dc.language.isoen_USen_US
dc.subjectagency theoryen_US
dc.subjectinsider ownershipen_US
dc.subjectfirm performanceen_US
dc.subjecttotal factor productivityen_US
dc.titleInsider ownership structure and firm performance: A productivity perspective study in Taiwan's electronics industryen_US
dc.typeArticleen_US
dc.identifier.doi10.1111/j.1467-8683.2005.00426.xen_US
dc.identifier.journalCORPORATE GOVERNANCE-AN INTERNATIONAL REVIEWen_US
dc.citation.volume13en_US
dc.citation.issue2en_US
dc.citation.spage326en_US
dc.citation.epage337en_US
dc.contributor.department管理科學系zh_TW
dc.contributor.department資訊管理與財務金融系 註:原資管所+財金所zh_TW
dc.contributor.departmentDepartment of Management Scienceen_US
dc.contributor.departmentDepartment of Information Management and Financeen_US
dc.identifier.wosnumberWOS:000227590600020-
dc.citation.woscount13-
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