The Effects of Supervisory Mechanism in Taiwan
Pao- Chen Lee *
Department of Accounting, Kainan University, No.1, Kainan Road, Luzhu, Taoyuan County 33857, Taiwan
*Author to whom correspondence should be addressed.
Abstract
This study empirically explores Taiwan Supervisory mechanism affect firm performance on a data base of 537 listed firms. The regression results yielded statistically significant effects indicate more independent supervisors; less pledge and remuneration and more expertise with lecturer, certificate and business experience which the Supervisors have and the quantity of the supervisors’ members did play a role in monitoring firm performance. The results prove the Supervisors in Taiwan’s supervisory mechanism have some effects on firm performance, which may help refine general knowledge on the role of corporate governance and may provide impetus for further research in the Taiwan setting.
Keywords: Effects, corporate governance, supervisors, audit committees