| Summary: | 碩士 === 東海大學 === 企業管理學系碩士班 === 102 === Innovation is not only the key to corporate success, but also a strategy for companies’ long-term benefits which could be affected by the corporate governance variables. Corporate governance could impact the corporate performance and also influence types of innovation, such as radical innovation and incremental innovation.
The aim of this thesis is to explore the relationship among corporate governance, radical innovation type and corporate performance. To conclude, this study explained the relationship between corporate governance and innovation types, as well as a better understanding radical innovation type will affect the relationship between corporate governance and operational performance . In order to gain more insight, we divide corporate governance variables into board size, board independence, duality and shareholding proportion, etc.
The 120 listed and OTC companies in Taiwan semiconductor industry are the research samples. Based on time-series and cross sectional financial data and patent during 2006 to 2009, the empirical results showed that different corporate governance variables will significantly affect the radical innovation type. Besides, this study demonstrated that radical innovation type is a moderator between corporate governance and operation performance. Radical innovation has a negative moderator effect with board size on the firm’s operational performance.；on the other hand, radical innovation has a positive moderator effect with equity structure and board independence on the firm’s operational performance.
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