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題名 The Impact of Controlling Families and Foreign Institutional Investors on Non-financial Performance Measures
作者 李佳玲
Lee, Chia-Ling
Chuang, Ya-Hsueh
Ho, Joanna L.
貢獻者 會計系
關鍵詞 Controlling Families;Foreign Institutional Ownership;Non-Financial Performance Measures;Reporting Transparency
日期 2020-09
上傳時間 12-四月-2022 09:20:23 (UTC+8)
摘要 This study examines how controlling family ownership and foreign institutional ownership
affect companies’ use of non-financial performance measures (NFPMs). We conducted two
surveys (one in 2005 and the other in 2015) with publicly listed companies and used
archival data from 254 respondent companies in Taiwan. Our results from the 2005 data
show that foreign institutional ownership increases the use of NFPMs, while family control
is not associated with the extent of NFPM use. After 10 years, the full sample shows that
both controlling families and foreign institutional ownership have enhanced NFPM use.
Furthermore, the full sample data reveal that controlling families demand more NFPMs
when the CEO is not a family member. These results suggest that foreign institutional
ownership increases the use of non-financial performance measures, shedding additional
light on the trade-off between monitoring mechanisms and the design of optimal
performance measures.
關聯 China Accounting and Finance Review, Vol.22, No.3, pp.137-166
資料類型 article
dc.contributor 會計系
dc.creator (作者) 李佳玲
dc.creator (作者) Lee, Chia-Ling
dc.creator (作者) Chuang, Ya-Hsueh
dc.creator (作者) Ho, Joanna L.
dc.date (日期) 2020-09
dc.date.accessioned 12-四月-2022 09:20:23 (UTC+8)-
dc.date.available 12-四月-2022 09:20:23 (UTC+8)-
dc.date.issued (上傳時間) 12-四月-2022 09:20:23 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/139870-
dc.description.abstract (摘要) This study examines how controlling family ownership and foreign institutional ownership
affect companies’ use of non-financial performance measures (NFPMs). We conducted two
surveys (one in 2005 and the other in 2015) with publicly listed companies and used
archival data from 254 respondent companies in Taiwan. Our results from the 2005 data
show that foreign institutional ownership increases the use of NFPMs, while family control
is not associated with the extent of NFPM use. After 10 years, the full sample shows that
both controlling families and foreign institutional ownership have enhanced NFPM use.
Furthermore, the full sample data reveal that controlling families demand more NFPMs
when the CEO is not a family member. These results suggest that foreign institutional
ownership increases the use of non-financial performance measures, shedding additional
light on the trade-off between monitoring mechanisms and the design of optimal
performance measures.
dc.format.extent 562268 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) China Accounting and Finance Review, Vol.22, No.3, pp.137-166
dc.subject (關鍵詞) Controlling Families;Foreign Institutional Ownership;Non-Financial Performance Measures;Reporting Transparency
dc.title (題名) The Impact of Controlling Families and Foreign Institutional Investors on Non-financial Performance Measures
dc.type (資料類型) article