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The Agency Implication of Professional Manager¡¦s Position: An Empirical Study of Family Business in Taiwan¡¦s Personal Computer Industry

Family-owned governance is a typical governance structure in Taiwan¡¦s companies, including those ones engaged in high-tech industry. For those family-owned companies in high-tech industry, they need to assign professional managers in key decision-making roles in order to compete in this industry characterize by fast-moving, rapidly changing, and highly competitive. Thus, the mechanism to solve the possible agency problem caused from separation of ownership and management is a rather tough issue for those high-tech family-owned companies. Utilizing the over-five-year data, this study examines the possible relationships between the assignment of professional managers in key decision-making roles, the family sharing, and the performance in Taiwan¡¦s family-owned companies in personal computer industry. The results indicate that assigning professional managers in key decision-making roles will negatively moderate the negative relationship between family indirect sharing and performance. However, the assignment of professional managers in key decision-making roles will not significantly influence the relationship between family direct sharing and performance in high-tech family-owned companies. The finding highlights the importance of giving professional managers decision-making positions to solve the agency problem besides the typical compensation mechanism in family-owned company context. Furthermore, it also provides referable values in agency issues in family businesses.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0711111-220336
Date11 July 2011
CreatorsLee, Hui-Hsin
ContributorsCher-Min Fong, Kuang S. Yeh, Hsi-Mei Chung, Yung-Chih Lien
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0711111-220336
Rightswithheld, Copyright information available at source archive

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