메뉴 건너뛰기




Volumn 16, Issue 2, 2010, Pages 219-234

Board, ownership and performance of banks with a dual board system: Evidence from Taiwan

Author keywords

Corporate governance; Dual boards; Financial performance; Ownership; Supervisory board; Taiwan.

Indexed keywords


EID: 79953004627     PISSN: 18333672     EISSN: None     Source Type: Journal    
DOI: 10.5172/jmo.16.2.219     Document Type: Article
Times cited : (46)

References (63)
  • 1
    • 0742311570 scopus 로고    scopus 로고
    • Is corporate governance different for bank holding companies?
    • Adams R and Mehran H. (2003) Is corporate governance different for bank holding companies? Economic Policy Review 9: 123-42.
    • (2003) Economic Policy Review , vol.9 , pp. 123-142
    • Adams, R.1    Mehran, H.2
  • 2
    • 79953011480 scopus 로고    scopus 로고
    • Asia-Pacific Economic Cooperation, accessed at on 14-15 November 1998
    • Asia-Pacific Economic Cooperation. (1998) Tenth APEC Ministerial Meeting Joint Statement, accessed at http://www.apec.org/apec/ministerial_statements/annual_ministerial/1998_10th_apec_ministerial.html on 14-15 November 1998.
    • (1998) Tenth APEC Ministerial Meeting Joint Statement
  • 3
    • 0001990250 scopus 로고
    • The composition of boards of directors and strategic control: Effects on corporate strategy
    • Baysinger B and Hoskisson RE. (1990) The composition of boards of directors and strategic control: Effects on corporate strategy, Academy of Management Review 15: 72-87.
    • (1990) Academy of Management Review , vol.15 , pp. 72-87
    • Baysinger, B.1    Hoskisson, R.E.2
  • 8
    • 33947214464 scopus 로고    scopus 로고
    • Building a corporate governance index from the perspectives of ownership and leadership for firms in Taiwan
    • Chen A, Kao L, Tsao M and Wu C. (2007) Building a corporate governance index from the perspectives of ownership and leadership for firms in Taiwan, Corporate Governance: An International Review 15(2): 251-61.
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.2 , pp. 251-261
    • Chen, A.1    Kao, L.2    Tsao, M.3    Wu, C.4
  • 9
    • 34748825672 scopus 로고    scopus 로고
    • The relationship between corporate governance and firm productivity: evidence from Taiwan's manufacturing firms
    • Chiang MH and Lin JH. (2007) The relationship between corporate governance and firm productivity: evidence from Taiwan's manufacturing firms, Corporate Governance: An International Review 15(5): 768-79.
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.5 , pp. 768-779
    • Chiang, M.H.1    Lin, J.H.2
  • 11
    • 33947251251 scopus 로고    scopus 로고
    • Outside Directors, Ownership Structure and Firm Profitability in Korea
    • Cho DS and Kim J. (2007) Outside Directors, Ownership Structure and Firm Profitability in Korea, Corporate Governance: An International Review 15(2): 239-50.
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.2 , pp. 239-250
    • Cho, D.S.1    Kim, J.2
  • 12
    • 84993063566 scopus 로고    scopus 로고
    • Efficiency and resilience of French multinational banks: evidence from the Pre-Euro era
    • Chotigeat T, Kramer S and Pyun CS. (2004) Efficiency and resilience of French multinational banks: evidence from the Pre-Euro era, The Multinational Business Review 12(1): 3-17.
    • (2004) The Multinational Business Review , vol.12 , Issue.1 , pp. 3-17
    • Chotigeat, T.1    Kramer, S.2    Pyun, C.S.3
  • 13
    • 0030319671 scopus 로고    scopus 로고
    • Firm size and the nature of innovation within industries: the case of process and product R&D
    • Cohen WM. (1996) Firm size and the nature of innovation within industries: the case of process and product R&D, Review of Economics & Statistics 78(2): 232-43.
    • (1996) Review of Economics & Statistics , vol.78 , Issue.2 , pp. 232-243
    • Cohen, W.M.1
  • 16
    • 0033414634 scopus 로고    scopus 로고
    • On the measurements of board composition: poor consistency and a serious mismatch of theory and operationalizations
    • Daily CM, Johnson JL and Dalton DR. (1999) On the measurements of board composition: poor consistency and a serious mismatch of theory and operationalizations, Decision Sciences 30(1): 83-106.
    • (1999) Decision Sciences , vol.30 , Issue.1 , pp. 83-106
    • Daily, C.M.1    Johnson, J.L.2    Dalton, D.R.3
  • 17
    • 0346762522 scopus 로고    scopus 로고
    • Meta-analytic reviews of board composition, leadership structure, and financial performance
    • Dalton DR, Ellstrand AE, Daily CM and Johnson JL. (1998) Meta-analytic reviews of board composition, leadership structure, and financial performance, Strategic Management Journal 19: 269-90.
    • (1998) Strategic Management Journal , vol.19 , pp. 269-290
    • Dalton, D.R.1    Ellstrand, A.E.2    Daily, C.M.3    Johnson, J.L.4
  • 19
    • 85132267563 scopus 로고
    • Composition and CEO duality in boards of directors: an international perspective
    • Dalton DR and Kesner IF. (1987) Composition and CEO duality in boards of directors: an international perspective, Journal of International Business Studies 18(3): 33-42.
    • (1987) Journal of International Business Studies , vol.18 , Issue.3 , pp. 33-42
    • Dalton, D.R.1    Kesner, I.F.2
  • 20
    • 77955926469 scopus 로고    scopus 로고
    • Intertemporal endogeneity in board composition and financial performance
    • Davidson III WN and Rowe W. (2004) Intertemporal endogeneity in board composition and financial performance, Corporate Ownership & Control 1(4): 49-60.
    • (2004) Corporate Ownership & Control , vol.1 , Issue.4 , pp. 49-60
    • Davidson III, W.N.1    Rowe, W.2
  • 21
    • 15544391124 scopus 로고    scopus 로고
    • Ownership concentration and corporate performance on the Budapest Stock Exchange: Do Too Many Cooks Spoil the Goulash?
    • Earle JS, Kucsera C and Telegdy A. (2005) Ownership concentration and corporate performance on the Budapest Stock Exchange: Do Too Many Cooks Spoil the Goulash? Corporate Governance: An International Review 13(2): 254-264.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.2 , pp. 254-264
    • Earle, J.S.1    Kucsera, C.2    Telegdy, A.3
  • 23
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama E. (1980) Agency problems and the theory of the firm, Journal of Political Economy 88: 288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.1
  • 25
    • 34748867889 scopus 로고    scopus 로고
    • Corporate boards and company performance: review of research in light of recent reforms
    • Finegold D, Benson GS and Hecht D. (2007) Corporate boards and company performance: review of research in light of recent reforms, Corporate Governance: An International Review 15(5): 865-78.
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.5 , pp. 865-878
    • Finegold, D.1    Benson, G.S.2    Hecht, D.3
  • 26
    • 0033247581 scopus 로고    scopus 로고
    • Cognition and corporate governance: understanding boards of directors as strategic decision-making groups
    • Forbes DP and Milliken FJ. (1999) Cognition and corporate governance: understanding boards of directors as strategic decision-making groups, Academy of Management Review 24: 489-505.
    • (1999) Academy of Management Review , vol.24 , pp. 489-505
    • Forbes, D.P.1    Milliken, F.J.2
  • 27
    • 84989059993 scopus 로고
    • The effects of board size and diversity on strategic change
    • Goodstein J, Gautam K and Boeker W. (1994) The effects of board size and diversity on strategic change, Strategic Management Journal 15: 241-50.
    • (1994) Strategic Management Journal , vol.15 , pp. 241-250
    • Goodstein, J.1    Gautam, K.2    Boeker, W.3
  • 29
    • 30444438939 scopus 로고    scopus 로고
    • Family control, two-tier boards and firm performance lessons from the Taiwanese experience
    • Her MM and Mahajan A. (2005) Family control, two-tier boards and firm performance lessons from the Taiwanese experience, Journal of Asia-Pacific Business 6(2): 69-89.
    • (2005) Journal of Asia-Pacific Business , vol.6 , Issue.2 , pp. 69-89
    • Her, M.M.1    Mahajan, A.2
  • 30
    • 44649197264 scopus 로고
    • Theory of the firm: managerial behavior, agency cost, and ownership structure
    • Jensen MC & Meckling WH. (1976) Theory of the firm: managerial behavior, agency cost, and ownership structure, Journal of Financial Economics 3: 305-60.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 31
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen M. (1993) The modern industrial revolution, exit, and the failure of internal control systems, The Journal of Finance 48: 831-80.
    • (1993) The Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.1
  • 33
  • 34
    • 84970479209 scopus 로고
    • Directors' Stock Ownership and organizational performance: An Investigation of Fortune 500 Companies
    • Kesner I. (1987) Directors' Stock Ownership and organizational performance: An Investigation of Fortune 500 Companies, Journal of Management 13(3): 499-507.
    • (1987) Journal of Management , vol.13 , Issue.3 , pp. 499-507
    • Kesner, I.1
  • 35
    • 27744478631 scopus 로고    scopus 로고
    • Board network characteristics and firm performance in Korea
    • Kim Y. (2005) Board network characteristics and firm performance in Korea, Corporate Governance: An International Review 13(6): 800-808.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.6 , pp. 800-808
    • Kim, Y.1
  • 40
    • 3042774609 scopus 로고    scopus 로고
    • Corporate governance and financial distress: evidence from Taiwan, corporate governance
    • July
    • Lee TS and Yeh YH. (2004) Corporate governance and financial distress: evidence from Taiwan, corporate governance: An International Review 12(3): 378-388, July
    • (2004) An International Review , vol.12 , Issue.3 , pp. 378-388
    • Lee, T.S.1    Yeh, Y.H.2
  • 41
    • 0013028968 scopus 로고    scopus 로고
    • Does the governed corporation perform better? governance structures and corporate performance in Germany
    • Lehmann E and Weigand J. (2000) Does the governed corporation perform better? governance structures and corporate performance in Germany, European Finance Review 4: 157-95.
    • (2000) European Finance Review , vol.4 , pp. 157-195
    • Lehmann, E.1    Weigand, J.2
  • 42
    • 0000329790 scopus 로고    scopus 로고
    • Financial development and economic growth: views and agenda
    • Levine R. (1997) Financial development and economic growth: views and agenda, Journal of Economic Literature 35: 688-726.
    • (1997) Journal of Economic Literature , vol.35 , pp. 688-726
    • Levine, R.1
  • 43
    • 5444274397 scopus 로고    scopus 로고
    • Ownership and production efficiency: Evidence from Taiwanese Banks
    • Li Y, Hu JL and Chiu YH. (2004) Ownership and production efficiency: Evidence from Taiwanese Banks, The Service Industries Journal 24(4): 129-48.
    • (2004) The Service Industries Journal , vol.24 , Issue.4 , pp. 129-148
    • Li, Y.1    Hu, J.L.2    Chiu, Y.H.3
  • 44
    • 27744526898 scopus 로고    scopus 로고
    • Corporate governance, leadership structure and CEO compensation: evidence from Taiwan
    • Lin. (2005) Corporate governance, leadership structure and CEO compensation: evidence from Taiwan, Corporate Governance: An International Review 13(6): 824-35.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.6 , pp. 824-835
    • Lin, X.X.1
  • 46
    • 19744374071 scopus 로고    scopus 로고
    • Corporate governance and company law reform: a German perspective
    • Nietsch M. (2005) Corporate governance and company law reform: a German perspective, Corporate Governance: An International Review 13(3): 368-76.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.3 , pp. 368-376
    • Nietsch, M.1
  • 48
    • 0041707184 scopus 로고    scopus 로고
    • On the supposed independence of two-tier boards: formal structure and reality in the Netherlands
    • Massen GF and van den Bosch FAJ. (1999) On the supposed independence of two-tier boards: formal structure and reality in the Netherlands. Corporate Governance: An International Review 7(1): 31-37.
    • (1999) Corporate Governance: An International Review , vol.7 , Issue.1 , pp. 31-37
    • Massen, G.F.1    van den Bosch, F.A.J.2
  • 49
    • 0039488602 scopus 로고    scopus 로고
    • Rating banks: risk and uncertainty in an opaque industry
    • Morgan DP. (2002) Rating banks: risk and uncertainty in an opaque industry, The American Economic Review 92: 874-88.
    • (2002) The American Economic Review , vol.92 , pp. 874-888
    • Morgan, D.P.1
  • 51
    • 45749141802 scopus 로고    scopus 로고
    • OECD. OECD Principles of Corporate Governance, OECD Publications France
    • OECD. (Organisation for Economic Co-Operation and Development). (2004) OECD Principles of Corporate Governance, OECD Publications, France.
    • (2004) (Organisation for Economic Co-Operation and Development)
  • 52
    • 0040248889 scopus 로고    scopus 로고
    • The impact of order and mode of market entry on profitability and market share
    • Pan Y, Li S and Tse DK. (1999) The impact of order and mode of market entry on profitability and market share, Journal of International Business Studies 30(1): 81-104.
    • (1999) Journal of International Business Studies , vol.30 , Issue.1 , pp. 81-104
    • Pan, Y.1    Li, S.2    Tse, D.K.3
  • 53
    • 0242370936 scopus 로고    scopus 로고
    • Outside directors and firm performance during institutional transitions
    • Peng MW. (2004) Outside directors and firm performance during institutional transitions, Strategic Management Journal 25:453-471.
    • (2004) Strategic Management Journal , vol.25 , pp. 453-471
    • Peng, M.W.1
  • 54
    • 0012369171 scopus 로고    scopus 로고
    • Board composition and financial performance: a meta-analysis of the influence of outside directors
    • Rhoades DL, Rechner PL and Sundarmurthy C. (2000) Board composition and financial performance: a meta-analysis of the influence of outside directors, Journal of Managerial Issues 12(1): 76-91.
    • (2000) Journal of Managerial Issues , vol.12 , Issue.1 , pp. 76-91
    • Rhoades, D.L.1    Rechner, P.L.2    Sundarmurthy, C.3
  • 55
    • 24944460172 scopus 로고    scopus 로고
    • The composition of semi-two-tier corporate boards and firm performance
    • Rose C. (2005) The composition of semi-two-tier corporate boards and firm performance, Corporate Governance: An International Review 13(5): 691-701.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.5 , pp. 691-701
    • Rose, C.1
  • 57
    • 23044525918 scopus 로고    scopus 로고
    • Corporate governance in Germany: the move to shareholder value
    • Schilling F. (2001) Corporate governance in Germany: the move to shareholder value, Corporate Governance: An International Review 9(3): 148-51.
    • (2001) Corporate Governance: An International Review , vol.9 , Issue.3 , pp. 148-151
    • Schilling, F.1
  • 58
    • 0002249537 scopus 로고    scopus 로고
    • Managerial Ownership and the Performance of Firms: Evidence from the UK
    • Short H and Keasey K. (1999) Managerial Ownership and the Performance of Firms: Evidence from the UK, Journal of Corporate Finance 5: 79-101.
    • (1999) Journal of Corporate Finance , vol.5 , pp. 79-101
    • Short, H.1    Keasey, K.2
  • 59
    • 0141670313 scopus 로고    scopus 로고
    • The link between corporate social and financial performance: evidence from the banking industry
    • Simpson WG and Kohers T. (2002) The link between corporate social and financial performance: evidence from the banking industry, Journal of Business Ethics 35(2): 97-109.
    • (2002) Journal of Business Ethics , vol.35 , Issue.2 , pp. 97-109
    • Simpson, W.G.1    Kohers, T.2
  • 61
    • 34447632100 scopus 로고    scopus 로고
    • Strategy-making process and firm performance in small firms
    • Verreynne ML. (2006) Strategy-making process and firm performance in small firms, Journal of Management & Organization 12(3): 209-22.
    • (2006) Journal of Management & Organization , vol.12 , Issue.3 , pp. 209-222
    • Verreynne, M.L.1
  • 62
    • 3042720880 scopus 로고    scopus 로고
    • Family control and corporate governance: evidence from Taiwan
    • Yeh Y H, Lee TS and Woidtke T. (2007) Family control and corporate governance: evidence from Taiwan, International Review of Finance 2: 21-48.
    • (2007) International Review of Finance , vol.2 , pp. 21-48
    • Yeh, Y.H.1    Lee, T.S.2    Woidtke, T.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.