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dc.contributor.authorShih-Yu Wangen_US
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dc.description.abstractRecently, China's economic is development very fast and as a important position in the world. With the increase of the private-owned economy, the majority of state-owned enterprises also turn into private-owned enterprises. Otherwise, because of the unique traditional culture China have, family business is a mainly form of China's private enterprise. This paper investigates how family business affects firm performance in China. And we also measure if political connections and legal environment of family firm can affect firm performance. The samples are collected from the China A-share listed companies in Shenzhen and Shanghai Stock Exchange between 2003 and 2011. My empirical results show that family business has a negative firm performance in China. In addition, the relationship between family business and government, and the different levels of legal environment in each region of China is not affected the firm performance. Key words:Family business , Firm performance , Political connections , Legal environmenten_US
dc.description.abstract中國自改革開放以來,經濟發展十分快速,位居世界重要地位,故本研究選擇中國為研究對象。中國經濟的起飛,使民營企業由原本高比例的國有企業中開始崛起,而由於中國的傳統文化及特有的政治型態,使其民營企業的組織型態又以家庭企業為主。國外的文獻對於家族企業與公司績效之間的關係皆有正反兩面的說法,故本研究以中國上市 A 股公司作為研究對象,研究期間為 2003 年至 2011年,採用 OLS 迴歸模型探討中國家族企業對公司績效的影響,且額外納入政治聯結性與法律制度環境發展等因素,以深入了解中國家族企業的特色。 實證結果發現,中國家族企業對公司績效產生不利的影響,但在加入政治連結性與法律制度環境等因素後,中國家族企業與公司績效並沒有顯著的關係,本研究認為期可能原因除了目前所能收集到之樣本數太少外,亦可能係由於家族企業本身即存在許多對公司績效造成影響的因素,使得政治關聯性與法律制度環境等因素對其之影響較不顯著。 關鍵字: 家族企業、公司績效、政治關聯、法律環境zh_TW
dc.description.tableofcontents第一章 緒論 1 第二章 研究背景及文獻探討 4 第一節 中國家族企業發展 4 第二節 公司政治關聯 5 第三節 法律制度環境 7 第四節 文獻探討 8 第三章 假說推論及研究方法 14 第一節 假說推論 14 第二節 研究方法 15 第四章 實證結果 19 第一節 敘述性統計 19 第二節 相關係數分析 19 第三節 迴歸模型實證結果分析 20 第四節 敏感性分析 21 第五章 結論與建議 24 第一節 研究結論 24 第二節 研究限制與建議 25 參考文獻 26 中文參考文獻 26 西文參考文獻 27zh_TW
dc.subjectFamily businessen_US
dc.subjectFirm performanceen_US
dc.subjectPolitical connectionsen_US
dc.subjectLegal environmenten_US
dc.titleThe Impact of Family Business on the Performance in Chinese Listed Firms.en_US
dc.typeThesis and Dissertationen_US
item.openairetypeThesis and Dissertation-
item.fulltextwith fulltext-
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