Corporate Properties, Top Management Team''s Characteristics and Corporate Illegal Behavior－The Case of Taiwan Listed Company

• Main Authors: Pei-Chen Wu, 吳佩真
• Other Authors: Chun-An Lee
• Format: Others
• Language: zh-TW
• Published: 2000
• Online Access: http://ndltd.ncl.edu.tw/handle/36717717051966735285

碩士 === 國立雲林科技大學 === 企業管理技術研究所 === 88 === Recently much public concern has been directed toward the corporate illegal act, because corporate illegal acts may have resulted in enormous economic losses to public. This study attempted to examine the relationship between corporate properties and corporate illegal behavior, and to identity the causes of corporate illegal behavior in Taiwan from the perspective of the top management team''s characteristics. The sample is consisted of 115 Taiwan listing firms, which committed at least an illegal act during the period 1994-99, but excludes the firms in banking and insurers industry. This study used the Logit Regression Model to analyze the data, and has the empirical evidences as follows: 1. The evidence indicates that there is a negative relationship between corporate illegal behavior and firm size. 2. The possibility of illegal act will be increased when the firm has moderate slack. 3. Where deviance is the norm or the organizational culture, the possibility of illegal act will be increased when the top management team''s age is increased. 4. The possibility of illegal act will be reduced when the top management team''s shareholding ratio or tenure is increased.