FAMILY BUSINESS, DIRECTOR COMPENSATION AND BOARD EFFICACY: THE CASE OF TAIWAN

@inproceedings{Hsieh2013FAMILYBD,
  title={FAMILY BUSINESS, DIRECTOR COMPENSATION AND BOARD EFFICACY: THE CASE OF TAIWAN},
  author={Tsun Jui Hsieh and Yu-Ju Chen},
  year={2013}
}
This paper investigates the impact of outside directors on firm performance during legal transitions and examines how the roles of family business and director compensation influence board efficacy. By using Taiwanese listed companies as our sample, the empirical results show that outside directors who are appointed by legal mandate have less positive impacts on firm performance than outside directors appointed voluntarily. Family business weakens the positive impact of outside director on firm… CONTINUE READING

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