메뉴 건너뛰기




Volumn 19, Issue 1, 2006, Pages 11-28

CEO tenure in Taiwanese family and nonfamily firms: An agency theory perspective

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33644829022     PISSN: 08944865     EISSN: 17416248     Source Type: Journal    
DOI: 10.1111/j.1741-6248.2006.00057.x     Document Type: Article
Times cited : (113)

References (55)
  • 2
    • 0142219280 scopus 로고    scopus 로고
    • Founding family ownership and firm performance: Evidence from the S&P 500
    • Anderson, R.C., & Reeb, D.M. (2003). Founding family ownership and firm performance: Evidence from the S&P 500. Journal of Finance, 58 (3), 1301-1329.
    • (2003) Journal of Finance , vol.58 , Issue.3 , pp. 1301-1329
    • Anderson, R.C.1    Reeb, D.M.2
  • 3
    • 0035610498 scopus 로고    scopus 로고
    • The socio-cultural environment for entrepreneurship: A comparison between East Asian and Anglo-Saxon countries
    • Begley, T.M., & Tan, W. (2001). The socio-cultural environment for entrepreneurship: A comparison between East Asian and Anglo-Saxon countries. Journal of International Business Studies, 3, 537-553.
    • (2001) Journal of International Business Studies , vol.3 , pp. 537-553
    • Begley, T.M.1    Tan, W.2
  • 5
    • 0013096831 scopus 로고    scopus 로고
    • What's different about family business?
    • Working paper series, file no. 98061505. Social Science Research Network
    • Chami, R. (1999). What's different about family business? Working paper series, file no. 98061505, Social Science Research Network.
    • (1999)
    • Chami, R.1
  • 6
    • 0000200532 scopus 로고    scopus 로고
    • Disentangling the incentive and entrenchment effects of large shareholdings
    • Claessens, S., Djankov, S., Fan, J.P.H., & Lang, L.H.P. (2002). Disentangling the incentive and entrenchment effects of large shareholdings. Journal of Finance, 57, 2741-2771.
    • (2002) Journal of Finance , vol.57 , pp. 2741-2771
    • Claessens, S.1    Djankov, S.2    Fan, J.P.H.3    Lang, L.H.P.4
  • 7
    • 0042829594 scopus 로고    scopus 로고
    • The separation of ownership and control in East Asian corporations
    • Claessens, S., Djankov, S., & Lang, L. (2000). The separation of ownership and control in East Asian corporations. Journal of Financial Economics, 58, 81-112.
    • (2000) Journal of Financial Economics , vol.58 , pp. 81-112
    • Claessens, S.1    Djankov, S.2    Lang, L.3
  • 8
    • 46549097378 scopus 로고
    • Executive compensation, management turnover, and firm performance: An empirical investigation
    • Coughlan, A.T., & Schmidt, R.M. (1985). Executive compensation, management turnover, and firm performance: An empirical investigation. Journal of Accounting and Economics, 7, 43-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 43-66
    • Coughlan, A.T.1    Schmidt, R.M.2
  • 10
    • 84965934833 scopus 로고
    • An empirical examination of ownership structure in family and professionally managed firms
    • Daily, C.M., & Dollinger, M.J. (1992). An empirical examination of ownership structure in family and professionally managed firms. Family Business Review, 5 (2), 117-136.
    • (1992) Family Business Review , vol.5 , Issue.2 , pp. 117-136
    • Daily, C.M.1    Dollinger, M.J.2
  • 13
    • 84964127697 scopus 로고
    • Stewardship theory or agency theory: CEO governance and shareholder returns
    • Donaldson, L., & Davis, J.H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16 (1), 49-64.
    • (1991) Australian Journal of Management , vol.16 , Issue.1 , pp. 49-64
    • Donaldson, L.1    Davis, J.H.2
  • 14
    • 0001336426 scopus 로고
    • Agency theory: An assessment and review
    • Eisenhardt, K.M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14 (1), 57-74.
    • (1989) Academy of Management Review , vol.14 , Issue.1 , pp. 57-74
    • Eisenhardt, K.M.1
  • 15
    • 0001683216 scopus 로고
    • Organizational forms and investment decisions
    • Fama, E.F., & Jensen, M.C. (1985). Organizational forms and investment decisions. Journal of Financial Economics, 14, 101-119.
    • (1985) Journal of Financial Economics , vol.14 , pp. 101-119
    • Fama, E.F.1    Jensen, M.C.2
  • 17
    • 84996222940 scopus 로고    scopus 로고
    • A critical examination of and reflection on the Chinese family business unit and the Chinese business clan
    • Gatfield, T., & Youseff, M. (2001). A critical examination of and reflection on the Chinese family business unit and the Chinese business clan. Family Business Review, 14 (2), 153-158.
    • (2001) Family Business Review , vol.14 , Issue.2 , pp. 153-158
    • Gatfield, T.1    Youseff, M.2
  • 18
    • 84934350404 scopus 로고
    • The effect of ownership on the organization structure in small firms
    • Geeraerts, G. (1984). The effect of ownership on the organization structure in small firms. Administrative Science Quarterly, 29, 232-237.
    • (1984) Administrative Science Quarterly , vol.29 , pp. 232-237
    • Geeraerts, G.1
  • 19
    • 0030526890 scopus 로고    scopus 로고
    • Bad for practice: A critique of the transaction cost theory
    • Ghoshal, S., & Moran, P. (1996). Bad for practice: A critique of the transaction cost theory. Academy of Management Review, 21 (1), 13-47.
    • (1996) Academy of Management Review , vol.21 , Issue.1 , pp. 13-47
    • Ghoshal, S.1    Moran, P.2
  • 20
    • 0037349744 scopus 로고    scopus 로고
    • Is corporate governance ineffective in emerging markets?
    • Gibson, M.S. (2003). Is corporate governance ineffective in emerging markets? Journal of Financial and Quantitative Analysis, 38, 231-250.
    • (2003) Journal of Financial and Quantitative Analysis , vol.38 , pp. 231-250
    • Gibson, M.S.1
  • 21
    • 0038471245 scopus 로고    scopus 로고
    • The determinants of executive compensation in family-controlled publicly traded corporations
    • Gomez-Mejia, L.R., Larraza-Kintana, M., & Makri, M. (2003). The determinants of executive compensation in family-controlled publicly traded corporations. Academy of Management Journal, 44 (2), 226-237.
    • (2003) Academy of Management Journal , vol.44 , Issue.2 , pp. 226-237
    • Gomez-Mejia, L.R.1    Larraza-Kintana, M.2    Makri, M.3
  • 22
    • 84996235088 scopus 로고    scopus 로고
    • Governance and flexibility in family-owned SMEs
    • Gubitta, P., & Gianecchini, M. (2002). Governance and flexibility in family-owned SMEs. Family Business Review, 15 (4), 277-297.
    • (2002) Family Business Review , vol.15 , Issue.4 , pp. 277-297
    • Gubitta, P.1    Gianecchini, M.2
  • 23
    • 33644831838 scopus 로고
    • Entrepreneurship and economic growth in Taiwan
    • Hugh, M. (1986). Entrepreneurship and economic growth in Taiwan. Business Forum, 11 (4), 35-39.
    • (1986) Business Forum , vol.11 , Issue.4 , pp. 35-39
    • Hugh, M.1
  • 25
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen, M.C., & Meckling, W.H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3, 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 26
    • 84936016411 scopus 로고
    • Performance pay and top-management incentives
    • Jensen, M.C., & Murphy, K.J. (1990). Performance pay and top-management incentives. Journal of Political economy, 98, 225-264.
    • (1990) Journal of Political Economy , vol.98 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 28
    • 58149363437 scopus 로고
    • Firm performance, corporate governance, and top executive turnover in Japan
    • Kang, J., & Shivdasani, A. (1995). Firm performance, corporate governance, and top executive turnover in Japan. Journal of Financial Economics, 38, 29-58.
    • (1995) Journal of Financial Economics , vol.38 , pp. 29-58
    • Kang, J.1    Shivdasani, A.2
  • 30
    • 84986099493 scopus 로고    scopus 로고
    • Chinese entrepreneurship: A study in Singapore
    • Lee, J., & Chan, J. (1998). Chinese entrepreneurship: A study in Singapore. Journal of Management Development, 17 (2), 131-141.
    • (1998) Journal of Management Development , vol.17 , Issue.2 , pp. 131-141
    • Lee, J.1    Chan, J.2
  • 31
    • 0003195790 scopus 로고    scopus 로고
    • Ownership structure, corporate governance, and firm value: Evidence from the East Asian financial crisis
    • Lemmon, M.L., & Lins, K.V. (2003). Ownership structure, corporate governance, and firm value: Evidence from the East Asian financial crisis. Journal of Finance, 58, 1445-1468.
    • (2003) Journal of Finance , vol.58 , pp. 1445-1468
    • Lemmon, M.L.1    Lins, K.V.2
  • 32
    • 33644816449 scopus 로고    scopus 로고
    • CEO turnover and firm performance: EVA approach
    • Presented at the Conference on Contemporary Issues on Finance. Taiwan
    • Lin, Y.F., Chu, T.S., & Hung, C.H. (2003). CEO turnover and firm performance: EVA approach. Presented at the Conference on Contemporary Issues on Finance. Taiwan.
    • (2003)
    • Lin, Y.F.1    Chu, T.S.2    Hung, C.H.3
  • 33
    • 0012589303 scopus 로고    scopus 로고
    • Chinese characteristics compared: A legal and policy perspective of corporate finance and governance in Taiwan and China
    • Working paper series, file no. 273174, Social Science Research Network
    • Liu, L.S. (2001). Chinese characteristics compared: A legal and policy perspective of corporate finance and governance in Taiwan and China. Working paper series, file no. 273174, Social Science Research Network.
    • (2001)
    • Liu, L.S.1
  • 34
    • 0038035206 scopus 로고    scopus 로고
    • Board composition from adolescence to maturity: A multitheoretic view
    • Lynall, M.D., Golden, B.R., & Hillman, A.J. (2003). Board composition from adolescence to maturity: A multitheoretic view. Academy of Management Review, 28 (3), 416-431.
    • (2003) Academy of Management Review , vol.28 , Issue.3 , pp. 416-431
    • Lynall, M.D.1    Golden, B.R.2    Hillman, A.J.3
  • 35
    • 84996223572 scopus 로고    scopus 로고
    • Family CEOs vs. nonfamily CEOs in the family-controlled firm: An examination of the level and sensitivity of pay to performance
    • McConaughy, D.L. (2000). Family CEOs vs. nonfamily CEOs in the family-controlled firm: An examination of the level and sensitivity of pay to performance. Family Business Review, 13 (2), 121-131.
    • (2000) Family Business Review , vol.13 , Issue.2 , pp. 121-131
    • McConaughy, D.L.1
  • 37
    • 33645896609 scopus 로고
    • Management ownership and market valuation: An empirical analysis
    • Morck, R., Shleifer, A., & Vishny, R. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293-316.
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-316
    • Morck, R.1    Shleifer, A.2    Vishny, R.3
  • 38
    • 84996264061 scopus 로고    scopus 로고
    • Relational and contractual governance in family firms: Effects on strategic decision making
    • Mustakallio, M., Autio, E., & Zahra, S.A. (2002). Relational and contractual governance in family firms: Effects on strategic decision making. Family Business Review, 15 (3), 205-221.
    • (2002) Family Business Review , vol.15 , Issue.3 , pp. 205-221
    • Mustakallio, M.1    Autio, E.2    Zahra, S.A.3
  • 39
    • 84888629505 scopus 로고
    • Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-990
    • Ocasio, W. (1994). Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-1990. Administrative Science Quarterly, 39, 285-312.
    • (1994) Administrative Science Quarterly , vol.39 , pp. 285-312
    • Ocasio, W.1
  • 40
    • 84996189664 scopus 로고    scopus 로고
    • Entrepreneurship in China: Characteristics, attributes, and family forces shaping the emerging private sector
    • Pistrui, D., Huang, W., Oksoy, D., Jing, Z., & Welsch, H. (2001). Entrepreneurship in China: Characteristics, attributes, and family forces shaping the emerging private sector. Family Business Review, 14 (2), 141-152.
    • (2001) Family Business Review , vol.14 , Issue.2 , pp. 141-152
    • Pistrui, D.1    Huang, W.2    Oksoy, D.3    Jing, Z.4    Welsch, H.5
  • 41
    • 0001757334 scopus 로고
    • A transaction cost approach to families and households
    • Pollak, R.A. (1985). A transaction cost approach to families and households. Journal of Economic Literature, 23, 581-608.
    • (1985) Journal of Economic Literature , vol.23 , pp. 581-608
    • Pollak, R.A.1
  • 43
    • 84996251194 scopus 로고    scopus 로고
    • An overview of the field of family business studies: Current status and directions for the future
    • Sharma, P. (2004). An overview of the field of family business studies: Current status and directions for the future. Family Business Review, 17 (1), 1-36.
    • (2004) Family Business Review , vol.17 , Issue.1 , pp. 1-36
    • Sharma, P.1
  • 44
    • 0038035199 scopus 로고    scopus 로고
    • The dynamics of the CEO-board relationship: An evolutionary perspective
    • Shen, W. (2003). The dynamics of the CEO-board relationship: An evolutionary perspective. Academy of Management Review, 28 (3), 466-476.
    • (2003) Academy of Management Review , vol.28 , Issue.3 , pp. 466-476
    • Shen, W.1
  • 45
    • 0036669887 scopus 로고    scopus 로고
    • Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure
    • Shen, W., & Cannella Jr, A.A. (2002a). Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. Academy of Management Journal, 45 (4), 717-733.
    • (2002) Academy of Management Journal , vol.45 , Issue.4 , pp. 717-733
    • Shen, W.1    Cannella Jr., A.A.2
  • 46
    • 0036961442 scopus 로고    scopus 로고
    • Power dynamic within top management and their impacts on CEO dismissal followed by inside succession
    • Shen, W., & Cannella Jr, A.A. (2002b). Power dynamic within top management and their impacts on CEO dismissal followed by inside succession. Academy of Management Journal, 45 (6), 1195-1206.
    • (2002) Academy of Management Journal , vol.45 , Issue.6 , pp. 1195-1206
    • Shen, W.1    Cannella Jr., A.A.2
  • 47
    • 84925973868 scopus 로고
    • The family in cross-cultural perspective
    • New York: Holt, Rinehart & Winston
    • Stephens, W.N. (1963). The family in cross-cultural perspective. New York: Holt, Rinehart & Winston.
    • (1963)
    • Stephens, W.N.1
  • 48
    • 84996235826 scopus 로고    scopus 로고
    • Coping with growth transitions: The case of Chinese family businesses in Singapore
    • Tan, W., & Fock, S. T. (2001). Coping with growth transitions: The case of Chinese family businesses in Singapore. Family Business Review, 14 (2), 123-140.
    • (2001) Family Business Review , vol.14 , Issue.2 , pp. 123-140
    • Tan, W.1    Fock, S.T.2
  • 49
    • 31144463193 scopus 로고    scopus 로고
    • How do family ownership, management, and control affect firm value?
    • Working paper
    • Villalonga, B., & Amit, R. (2004). How do family ownership, management, and control affect firm value? Working paper.
    • (2004)
    • Villalonga, B.1    Amit, R.2
  • 51
    • 33644817002 scopus 로고    scopus 로고
    • A network analysis of ownership succession in family owned business
    • Yeh, K. S., & Tsao, L. (1996). A network analysis of ownership succession in family owned business. Journal of Management, 13 (2), 197-225.
    • (1996) Journal of Management , vol.13 , Issue.2 , pp. 197-225
    • Yeh, K.S.1    Tsao, L.2
  • 52
    • 3042720880 scopus 로고    scopus 로고
    • Family control and corporate governance: Evidence from Taiwan
    • Yeh, Y.H., Lee, T.S., & Woidtke, T. (2001). Family control and corporate governance: Evidence from Taiwan. International Review of Finance, 2, 21-48.
    • (2001) International Review of Finance , vol.2 , pp. 21-48
    • Yeh, Y.H.1    Lee, T.S.2    Woidtke, T.3
  • 53
    • 33644829337 scopus 로고
    • A study on the problems of organizational growth of family business in Taiwan: Socio-cultural aspect and the phenomena of autonomous obstruction to size
    • Yen, G.F. (1994). A study on the problems of organizational growth of family business in Taiwan: Socio-cultural aspect and the phenomena of autonomous obstruction to size. Sun Yat-sen Management Review, 2 (4), 55-68.
    • (1994) Sun Yat-sen Management Review , vol.2 , Issue.4 , pp. 55-68
    • Yen, G.F.1
  • 54
    • 33644828964 scopus 로고    scopus 로고
    • A research on cultural-structural relationship of Taiwan family enterprises: The dual-system model and some related managerial problems
    • Yen, G. F. (1996). A research on cultural-structural relationship of Taiwan family enterprises: The dual-system model and some related managerial problems. Chung Yuan Journal, 24 (4), 1-9.
    • (1996) Chung Yuan Journal , vol.24 , Issue.4 , pp. 1-9
    • Yen, G.F.1
  • 55
    • 0035402464 scopus 로고    scopus 로고
    • Chinese entrepreneurship in a cultural and economic perspective
    • Zapalska, A. M., & Edwards, W. (2001). Chinese entrepreneurship in a cultural and economic perspective. Journal of Small Business Management, 39 (3), 286-292.
    • (2001) Journal of Small Business Management , vol.39 , Issue.3 , pp. 286-292
    • Zapalska, A.M.1    Edwards, W.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.