The Impact of Ownership Structure on Value Added Intellectual Coefficient: The Moderating Effect on Family Firms

• Main Authors: Ting-Yung Tang, 湯婷詠
• Other Authors: Shin-Ping Lee
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/90544767201152067772

碩士 === 銘傳大學 === 會計學系碩士班 === 103 === This purpose of this paper is to examine the effect of ownership structure on the value added intellectual capital coefficient. By using the listed companies in Taiwan as a sample, we find following research results. First, firms with high manager ownership tend to have low value added intellectual capital coefficient. Further, block holder ownership and institutional ownership are both positively related to value added intellectual capital coefficient because block holders and institutional shareholders will monitor the decision of managers and further improving the value-added intellectual capital. Finally, we also find that the effect of block holder ownership on the value added structure capital efficiency coefficient, and the effect of institutional ownership on the human capital efficiency coefficient will be changed if the company is a family business.