To contribute to the literature examining the influence of ownership structure and firm innovation performance, our study examines how institutional ownership and family ownership influences innovation performance of a firm, as measured by both the quantity and quality of the innovation outputs...

This study examines how manager's power affects capital expenditure in conglomerates, and how the firm's corporate governance mitigates the influence of subsidiary managers' informal power on capital expenditure. We conducted an empirical study using Taiwanese Business Group data, which includes...

Prior literature shows that social networks from outside have great impact on the firm performance. This study focuses on the impact of social network on firm performance especially from the depth of the social network created by key shareholders. In addition, firms in emerging markets face...

While the impact of innovation on the factors that contribute to performance and value is thus acknowledged, the accumulation of innovation and the relation between innovation and firm performance is more complex than what is often believed. Two divergent perspectives on the sources of...

This study explores whether there is excessive executive compensation in family firms and also examines the effects of top management power and institutional investors on excessive executive compensation. Based on 3,927 Taiwan-listed companies from 2008 to 2012, the empirical results show that:...

There has been a widespread public attention and academic interest on family ownerships in emerging Asian countries. Although family ownerships can lead to direct and effective monitoring of managerial discretion and lower principal-agent costs, they also want to increase corporate performance....

Successful innovation requires not only creativity (innovation capital), but also the ability to do research and development (human capital). This study uses Taiwan's semiconductor industry as the research object to explore the synergy effects of innovation capital and human capital on financial...

Purpose – This study aims to ask two important research questions: “Do the investments of innovation capital and information technology (IT) capital have a non-linear relationship with firm performance?” and “Does the interaction between innovation capital and IT capital have synergy...

Innovation cannot be regarded purely as an internal activity, as external cooperation also provides access to complementary resources and knowledge. This study argues that a firm needs to strengthen its innovation capabilities through internal development supplemented by external cooperation,...