CAJ | 학술논문

本文提出当合资公司控制股东拥有董事会席次比例愈高或同时担任董事长与总经理时，控制股东行为不确定性将会随之升高。在此情况下，合资之地主国制度环境若能有效制约控制股东行为不确定，将会对控制股东的道德风险问题产生制约作用，因此对合资绩效会产生正面效益。综言之，本研究验证地主国制度环境，是否会调节合资公司治理结构与合资绩效之关系。
본문제출당합자공사공제고동옹유동사회석차비례유고혹동시담임동사장여총경리시，공제고동행위불학정성장회수지승고。재차정황하，합자지지주국제도배경약능유효제약공제고동행위불학정，장회대공제고동적도덕풍험문제산생제약작용，인차대합자적효회산생정면효익。종언지，본연구험증지주국제도배경，시부회조절합자공사치리결구여합자적효지관계。
This research attempts to explore corporate governance structures of IJV(International Joint Ven-ture). We first examine various theoretical foundations, to explain the nature and the antecedents of the ultimate owners opportunistic. We think three situations will lead to high uncertainty of the ultimate owner’s behavior, high ratio of board members controlled by the ultimate owners, the ultimate owners as the dual role of chairman and CEO. Following the literature reviews and theoretical developments, we develop a conceptual framework and research hypotheses explaining how that the impact of the institutional environment on the relationship of corporate governance structures and IJV’s performance. We then use public firms having related experience in Taiwan as samples to collect and analyze data to test the hypotheses. We hope the finding will enrich the literature.