本研究之主要目的是探討企業之股權結構與長壽企業之間的關聯性，以2006年至2016年為止之上市櫃公司為樣本，年資料總共7,584筆，本研究採用差異性 t 檢定、無母數 Mann-Whitney U 檢定與 Logit 迴歸模型檢視股權結構與長壽企業之關聯。
研究結果顯示，長壽企業與非長壽企業兩類樣本間股權結構存有顯著差異，金融機構對長壽企業中的持股比非長壽企業多，而此情況在本國公司法人的持股情形一樣。另外，本國信託基金、本國個人以及內部人持股中董監以及經理人等投資人所持有的非長壽企業股票遠高於長壽企業股票。另外又發現，法人、其他法人、外資及金融機構偏好對長壽企業持股，而信託基金股權、內部人士的董監股權、經理人股權則與長壽企業為顯著負向關聯性。
The main purpose of this study is to explore the relationship between shareholding structure and the longevity enterprises. Our sample, totaling 7,584 observations from 2006 and 2016. We used the Mann-Whitney U test, t test and Logit regression model to verify the relationship between shareholding structure of the companies and the longevity enterprises.
According to the research, the longevity enterprises and non-longevity enterprises are significantly different in ownership structure. Financial institutions hold more shares of longevity enterprises than non-longevity enterprises. This situation is the same as in the case of shares held by domestic corporations. In addition, non-longevity enterprise ownerships held by domestic trust funds, domestic individuals, directors and supervisors are higher than longevity enterprise ownerships. In addition, it was found that the ownerships of domestic corporations, other corporations, foreign investors and financial institutions are positive associated with corporate longevity. And the ownerships of trust fund, directors and supervisors, are negatively correlated to corporate longevity.
