Family Ownership, Board Characteristics and International Investment
碩士 === 國立高雄第一科技大學 === 財務管理所 === 97 === Family firms play an important role in the global economy. This study aims to analysis the relationship between family ownership and the international investment. Furthermore, the board of directors is the core of corporate governance. This article also analysi...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/42570277168702529805 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 財務管理所 === 97 === Family firms play an important role in the global economy. This study aims to analysis the relationship between family ownership and the international investment. Furthermore, the board of directors is the core of corporate governance. This article also analysis the moderating effects of different board characteristics on the international investment of family ownership. The empirical results reveal the idea that family ownership is negatively related to international investment. Among board characteristics, duality could strengthen the relationship. However, to some extent, both outside directors and board size could overcome the weaknesses of family ownership and positively effects the relationship.
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