1991
1997-----
16
1 19
1991
32
219232
1994
1988
--------- 1990
1985
1984 36
1988
81
26
1983
1989”
”
1994
2001-----
1999--1997
mook 1---15 5
2001
2001
Baum. D.J. and Stiles N.B. 1965 The Silent Partners Institutional Investor and Corporate Control. Syracuse University Press.
88 29 2424 7608 7 2730 809
-2
-7
Chandler
89 3 & &
五、 討論─ ─ 代結語
Whyte
dual system
1994
1983
S
1996
30% 10%
24 Beckhard and Dyer
P
2001 11
90
30 50
1985 1996
1983 1992
Chandler Alfred D. Jr. 1961Strategy and Structure.Cambridge MIT Press. ------------ 1977 The Visible Hand The Managerial Revolution in American Business. Harvard University Press.
worker
functional distinction
3
3
autonomy
owner
rights de factual
power
三、 公司治理結構的同形異種（Isomorphic）
governance government
2000
90 Corporate governance
90 80
control Blair
Beckhard R. and W.G. Dyer Jr. 1983 Managing Change in the Family Firms Issues and Strategies .Sloan Management Review245965.
BellD. 1957The breakup of Family Capitalism.In Bell 1961. ----------- 1961The End of Ideology .New York CollierMacmillan.
12.5
10
10
30
11.2
6.2
5
33
37
7.3
13.0
5.9
39 49
50 52 滙
53
54 .
59
70
74 R+V
81
95 PWA
滙
98
Roe
1994247249
Mayer 1993
10 5 5 5 10 24.7
10 10 12 30 5.5 6.3 7.1 25 25 34.2 23
20
Frand and
5 1967 1993
5 Gerlach 1992Alliance Capitali;95% &
<5%
25.3% &
70.75%
<5%
3.1
(Gerlach ,1992:55
四、 台灣半導體(IC)產業所有權結構與治理特性
17 24.87%
462 3.68%
Weak Owners
1956 1934
3-1
1940
1
2
-
3
4
5
6
9 VEBA
11
60.64 81.02 50.13 53.18 55.40 57.73 50.24 68.48
17.64 41.80 2.94 30.82 28.07 14.97 19.99 9.24
10.74 18.78 3.70 16.19 17.43 16.92 23.08 11.45
台灣企業公司治理特性分析-----以半導體產業為例
EMailtuic1648
一、 前言
5060 40
Corporation Governance
二、 股份公司基本結構的轉變
joint stock companies 1
2
1617
Weber 1978
judicial interpretations in perpetuity
1
business organism
1
certificate of incorporation
2
fiduciaries control power
21
(
)
(
)
2
2
Berle and Means 1932
1 3
scale and scope Chandlar
1990
flotation
22
(
)
(
)
Burch P.H. 1972 The Managerial Revolution Reassessed.Massachusetts Lexington Books.
Burt.R.S. 1978Cohesion versus Structural Equi valence as a Basis for Network Subgroup. Sociological Methods & Research 7189212.
4.14 1.07 1.33 6.77 6.18 31.60 5.85 11.92
32.52 61.66 7.98 54.50 51.68 63.48 47.92 32.62
Roe1994246
3-2
100
1
-
28.3
1.6
1.6
8
5
15
5
5
18
11.8
6.4
20
20
22
34.1
3.8
25
25
25
26
BerleA. A. and Means G.C. 1932The Modern Corporation and Private Property.New YorkMacmillan.
BorgattiS.P. M.G. Everett and L.C.Freeman 1992UCINET IV Version 1.00.ColumbiaAnalytic Technologies.
CEO
1995
Mark J. Roe
2001
form contents
Mark J.Role Strong Mangers The Political Roots of American Corporate Finance1995
historical configuration
Gerlach
1992Role 1994 Blair1995