碩士 / 國立中正大學 / 企業管理研究所 / 102 / Based on resource-dependence theory, the thesis discusses the factors that influence the level of insider ownership among Taiwanese business groups and its overseas group-affiliated firms. The factors can be classified as external factors and group-affiliated firm’s internal factors. The external factors consist of geographic distance, cultural distance, institutional distance and market risks, as well as the group-affiliated firm’s internal factors consist of organizational slack and internal social capital. These factors will effect the level of dependence between business groups and its group-affiliated firms, then will further effect the insider ownership between them. Additionally, this thesis discusses the moderation effects of group-affiliated firm’s performance and managerial experience.
The thesis analyses 499 overseas group-affiliated firms of top 300 Taiwanese business groups from 2006 to 2010. The research discovers that the level of insider ownership will be higher if the listed conditions of the group-affiliated firm are true: 1) The geographic distance is farer. 2) The institutional distance is larger. 3) The market risk of its host country is higher. 4) It owns more organizational slack. 5) Its internal social capital is fewer. And the result of moderation effects analysis shows that: 1) Better performance of the group-affiliated firm will weaken the positive relationship between organizational slack and level of insider ownership. 2) More experienced are the managers of the group-affiliated firm will weaken the positive relationship between institutional distance and level of insider ownership.
This thesis provides practical suggestions to business group headquarters about how the level of dependence between them and the group-affiliated firms will be influenced by external factors and group-affiliated firm’s internal factors and further change their level of insider ownership. The proper level of insider ownership, which reflects the level of dependence, should improve the performance of the whole group. This thesis also provides academic contributions by focusing on business group, which has closer interacts than single business. It also provides research about the factors that influence the level of insider ownership for group-affiliated firms and research about applying resource-dependence theory on internationalization topic, which was rarely discuses before.
| Identifer | oai:union.ndltd.org:TW/102CCU00121025 |
| Date | January 2014 |
| Creators | Tyng-Tyng Lin, 林廷庭 |
| Contributors | Wen-Ting Lin, 林玟廷 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 96 |
Page generated in 0.0114 seconds