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...

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:...