To Verify How Ownership structures, Board of Directors’ Characteristics, Related-Party Transactions upon the Operating Performance as Exemplified with Taiwan-Listed Info-Electronics Companies

Yu-Je Lee () and Mei-Fen Wu
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Yu-Je Lee: Takming University of Science and Technology
Mei-Fen Wu: Takming University of Science and Technology

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2012, vol. 2, issue 2, 143-158

Abstract: The purpose of this study is to verify and understand how the corporate operating performance of Taiwan-listed info-electronics companies is affected by ownership structures, the board of directors’ characteristics, and related-party transactions. Convenience sampling was used to select elements of the population, made up of financial section chiefs or employees of higher levels at the afore-mentioned companies, for interviews based on statistics provided by the Taiwan Economic Journal (TEJ) database, namely the Return on Assets (ROA) and Earnings per Share (EPS). The linear Structural Equation Modelling (SEM) was used to verify the goodness-of-fit of the overall model, structural and measurement model. Findings from this study show that for Taiwan-listed info-electronics companies: (1) a sound ownership structure has an insignificantly positive influence on corporate governance; (2) the ideal characteristics of a board of directors have an insignificantly positive influence on corporate operating performance; (3) related- party transactions have a significantly negative influence on corporate operating performance.

Keywords: Ownership structure; board of directors’ characteristics; related-party transactions (search for similar items in EconPapers)
JEL-codes: G32 L14 (search for similar items in EconPapers)
Date: 2012
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