Ownership Structure and Corporate Social Performance

ASIA unversity > 人文社會學院 > 外國語文學系 > 期刊論文 > Item 310904400/15954

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題名:	Ownership Structure and Corporate Social Performance
作者:	黃瓊瑤;Huang, Chiung-Yao;黃偉齡;HUANG, Weiling Stephanie
貢獻者:	外國語文學系
關鍵詞:	Ownership Structure, Central Agency Problem, Corporate Social Performance
日期:	2009-10
上傳時間:	2012-11-23 07:04:39 (UTC+0)
摘要:	Recent global financial scandals have brought to light the importance of corporate governance and related issues. The rights of investors and other stakeholders have thus became vital. As we seek to improve the internal governance mechanism and enhance actions of corporate social responsibility, the shortage of updated literature on non-financial social performance greatly hinders the transparency to the problems stated above, making tasks relatively challenging. In this research we focus on a common characteristic shared by many publicly listed Taiwanese companies whose control shareholders hold key management positions. In other words, a central agency problem between major and minor shareholders arises. The purpose of this study is to investigate whether ownership structure is a significant factor in corporate social performance. The empirical results indicate that when companies have more deviation between control rights and cash flow rights of control shareholders, they are more likely to have negative corporate social performance. In addition, companies that have more cash flow rights from control stockholders are less likely to encounter negative corporate social performance.
關聯:	The Journal of Global Business Management, 5(2),135-142.
顯示於類別:	[外國語文學系] 期刊論文

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