In East Asian economies, about 2/3 listed firms are controlled by family shareholders. In the US and West European, the proportions of family firms are about 33% and 44%, respectively. Thus, family-controlled listed firms are common in almost every nation. In Taiwan, nearly 70% of listed firms are family-controlled. Many previous studies have pointed out that family firms are playing an important role in global economic activities. The equity structures and management ideas of family firms are different from those of common firms. For instance, family members possess decisive equities and will usually take positions of directors or top managers. They may usually view their firms as an asset inherited from forefathers, and they should pass it on to their next generations. The impact of these differences on firm¡¦s financial decisions has become a main research focus in recent years. Previous studies of family firms mainly placed the focus on the impact of family factors on corporate performance, but this study would attempt to investigate the impact of family factors on debt decisions from the perspectives of debt-financing decision and cost of debt-financing. First of all, this study probed into whether family and non-family firms have differences debt-financing decisions. Empirical findings indicated that family firms have a lower debt ratio and a 0.2813% lower cost of debt than non-family firms. A further comparison on the factors of debt decisions showed that the difference in the impact of family and non-family firms on debt levels lies in mainly three aspects, including depreciation tax shield, operational risk, and firm size. In the aspect of cost of debt-financing, family firms are relatively more sensitive to firm size, debt ratio, and credit risk. Previous studies that applied the agent theory to investigate debt decisions focused more on the problems of debt agency problem and seldom used the inter-relationship between equity agency problem and debt agency problem to discuss the impact of equity agency problem on debt decisions. The problems of equity agency of family firms encompass the traditional equity agency between the manager and shareholders and core equity agency between controlling shareholders and external shareholders. Besides, family ownership and management can reduce the problems of traditional equity agency, and controlling shareholders using the pyramid structure of equities and cross-holding to enhance control right will increase the problems of core equity agency. Thus, based on the problems of equity agency problem, the family factors can be divided into family ownership, enhancement of control, and family management to investigate the respective impact on debt-financing decisions. In the aspect of debt-financing, it was empirically discovered that higher family ownership would lead to a closer relationship between firm value and the wealth of family shareholders. Debt financing would be avoided to reduce financial risks and maintain the wealth of family shareholders. A positive correlation existed between debt ratio and the difference between family control and family ownership, implying when the difference between family control and family ownership is higher, the problems of core equity agency between controlling shareholders and small shareholders will be more serious, and the company will be inclined to adopt debt-financing to acquire long-term capitals. The estimate coefficient of the effect of family management on debt ratio is not significance. Thus, whether the CEO is taken by a family member will not affect debt-financing decisions. In the analysis of control level, when the control level is low, firms are inclined to adopt debt-financing decisions to reduce the effect of equity dilution. On the contrary, when the control level is high, in order to avoid the loss of control benefit caused by debt monitoring, firms will be inclined to avoid debts. As a result, control and debt ratio are in an inverted U-shaped relationship. In addition, for family firms, the maintenance of control and risk control are important factors affecting their debt-financing decision. In the aspect of cost of debt, family ownership can reduce the cost of debt-financing. If the non-linear relationship of family ownership is considered, the impact of family ownership on the cost of debt-financing is non-linear and in an inverted U shape. The maximum value is 8.64%. When the family ownership exceeds 17.9%, the effect of family ownership on the cost of debt financing is negative. As the minimum family ownership was defined as 10% in this study, and the average family ownership among the samples was 21%, it could be inferred that higher family ownership would lead to a lower cost of debt-financing. In a comparison with Anderson et al. (2003), it was discovered that the average family ownership has negative influence on the cost of debt, but for the family firms in the US, higher family ownership would reduce its negative influence on cost of debt, and for domestic family firms, higher family ownership would increase its negative influence on the cost of debt. The Control-enhancing mechanisms will increase core equity problem and cost of debt, and the relationship between control enhancement and cost of debt are not in a non-linear relationship. Creditors conceive that their mortgage will be more secured if family members take the position of CEO. Thus, family CEO can reduce the cost of debt-financing.

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Due to several reasons, such as the competitive environments which entrepreneurs face, new working values, and ideas of outsourcing, companies must have more flexible HRM strategies to maintain the competitive advantages. In order to seek for more flexibility in employment, employee dispatching has become one of the popular ways for companies to use in America, Japan or European countries and so has it in Taiwan. Employee dispatching can help companies to retain professional employees or special techniques, to deal with seasonal demands, to reduce costs and unnecessary managerial responsibilities, so that they can focus more on unclear business. Although employee dispatching brings more flexibility in employment and reduces costs for companies, it still has some complicated issues needed to deal with. The employment relationship is about "joint employer" or "co-employment". This raises complex legal issues especially when related labor laws are not well developed in Taiwan now. Moreover, the quality, loyalty or the performance of dispatched workers is also the problems which companies have to take care of. It is a trend that employee dispatching will be getting more and more popular in Taiwan. Therefore, it is strongly suggested and would be very necessary to do some more advanced studies on the arrangements, the backgrounds of its development, how it is used now, why it is used, what it is going to be in the future, and the compensation of dispatched workers.

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The life cycle of the semiconductor equipment industry has evolved from a fast growth high profit ramp-up phase to one of much slower growth and intense competitiveness that has squeezed profit margins. In this environment, one of the key success factors for semiconductor equipment suppliers is product management. A correct product planning and implementation strategy will generate a healthy market performance and profitable business operations. Semiconductor equipment manufacturers and agents need to consider their product competencies to develop a planning strategy for new product introduction, which includes product positioning, target market selection as well as new product introduction guidance and evaluation procedures. This thesis focuses on industrial data analysis and a case study based on face-to-face interviews with several people at various positions within semiconductor equipment suppliers. The major approach of this study is a description of competitive strategy through a qualitative analysis of the industry, and an analysis the key factors¡Xincluding product management, product lifetime cycle and knowledge management¡Xthat influence the technology service ability of an equipment company. The conclusions of this study are presented as follows: 1. Semiconductor agency has to introduce new product to different market segments for its product life time extension or future business development as well as product competence enhancement. 2. New technology development trends become a threat to existing technology and products, which will replace current products in the market within a short period. 3. Product management needs a procedure to evaluate the new product and the service income potential in order to assess the product¡¦s profit and loss prospects. Then the management can adjust the business priorities to maximize total company revenue through periodic review. Future studies should consider the effect of changes in the industrial structure and/or the market environment and analyze the impact on market development risks and strategies. Keywords: Semiconductor Equipment Agency, Product Management, Targeting Market, Resource Based, Knowledge Management

Aachen, Techn. Hochsch., Thesis (doctoral), 2000.

The ways that young people learn to engage in democratic and other mechanisms for community involvement is a product of how they are socialized into the institutions they inhabit and how they incorporate this socialization into their ongoing construction of identity. In order to become active and agentive members of their society, young people must learn to view themselves as able to productively engage in social practices and social change. Conventional schools are structured in ways that limit opportunities for marginalized students to develop agentive and active social identities. This study suggests that students may construct more agentive identities if they have opportunities to frame their life circumstances and actions in political and historical terms.This project has studied how high school students may construct expanded subject positions as a result of participating in a culturally relevant and explicitly political youth development program. The Project for Conscious Education and Activism (PCEA) incorporates critical and culturally relevant pedagogy with participatory action research. Embedded in a required senior year social studies course, the PCEA provides students a chance to perceive their roles as sociohistorical actors. This two-year ethnographic case study examined shifts in students' academic identities and social agency. Increasing identification with school subject matter fostered intellectual empowerment that often extends beyond the context of school to effect broader social identities. Findings detail the ways that participants can come to see their actions as socially and historically grounded, eventually coming to think of themselves as social actors.Conventional typologies of civic engagement tend to leave out ways that youth of color and those from poor communities resist and address debilitative social disinvestment. But neither do young people tend to think of their actions as constituting social or civic action. Many shifts in subjectivity were apparent as PCEA participants began to frame their actions as intentional intervention in social injustice, becoming "civic" attempts to improve conditions in their communities. As young people learn to see their actions in relation to political and institutional patterns, they may both expand their social agency and increasingly frame their actions as contributing to social justice.

By paying attention to the habitual register of politics this dissertation has sought to contribute to the theoretical literature on democratic citizenship. More precisely, I offer a more complex account the moral psychology of political agency presumed by the turn to ethics within democratic theory. The central question of this dissertation is how do citizens come to feel empowered to act on their convictions in politics? Political theorists often celebrate civic action as spontaneity and willfulness, and at the same time lament the agency-foreclosing complexity and fragmentation of late-modern politics. Drawing out this tension in Michel Foucault’s analysis of docility and transgression I argue that a middle path between disembodied autonomy and docile passivity is articulated in the moral psychology found in William James’s account of habit. The study makes this case by looking at three episodes of the foreclosure and recovery of action in James’s thinking: his engagement with Darwinian science and his nervous breakdown in the 1870’s and 80’s; his critique of democratic docility and debate on strenuousness with Theodore Roosevelt during the Spanish-American war; and the cynical adaptation of James’s psychology by the democratic realism of Walter Lippmann in the 1920’s. In each case I argue that James’s lively account of habit as a force of unruly spontaneity functions as a therapy of action against feelings of powerlessness, docility, and incompetence constrain democratic conviction. The result is at once a novel continuation of the American tradition of democratic individualism and a contribution to the contemporary debates on the democratic ethics of self-making.

No description available.