Sustainable Corporate Governance: The Impact Factors for Top Consulting Engineering Companies in Taiwan

Jieh-Haur Chen, Tien-Sheng Chou, Jui-Pin Wang, Hsi-Hsien Wei and Tzu-Han Yang
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Jieh-Haur Chen: Research Center of Smart Construction, National Central University, Jhongli, Taoyuan 32001, Taiwan
Tien-Sheng Chou: Department of Civil Engineering, National Central University, Jhongli, Taoyuan 32001, Taiwan
Jui-Pin Wang: Department of Civil Engineering, National Central University, Jhongli, Taoyuan 32001, Taiwan
Hsi-Hsien Wei: Department of Building and Real Estate, Hong Kong Polytechnic University, Hung Hom 999077, Hong Kong
Tzu-Han Yang: Department of Civil Engineering, National Central University, Jhongli, Taoyuan 32001, Taiwan

Sustainability, 2021, vol. 13, issue 14, 1-12

Abstract: The objective of this research was to explore the impact factors of sustainable corporate governance for top consulting engineering companies in Taiwan, to facilitate managers in meeting stakeholders’ needs and adapting to the challenges of the global markets. Nine hypotheses derived from a literature review were proposed and used to develop a survey. Based on the concept of structural equation modeling (SEM) and these hypotheses, a questionnaire containing six aspects and comprising 46 stems was developed using the Likert 5-scale format. The survey took around four months to administer with 324 effective returns, with only five hypotheses confirmed. This was followed by factor analysis to determine the weight sequence for the 28 impact factors and four aspects. The contributions of the findings are as follows: (1) the weighted factors provide practitioners with guidelines for the proper order for the implementation of measures to improve corporate governance, and (2) they answer questions about the degree of influence and the relationship among all aspects and factors for sustainable corporate governance.

Keywords: engineering consulting companies; construction management; sustainable corporate governance; structural equation modeling (SEM); factor analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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