Does Board Size Matter for Taiwanese Hotel Performance? Agency Theory or Resource Dependence Theory

Jie Wang, Ming Hsiang Chen, Chin Yi Fang, Li Tian

研究成果: 雜誌貢獻文章同行評審

8 引文 斯高帕斯(Scopus)

摘要

Due to the fast growing hotel industry in Taiwan, recent hospitality studies has paid attention to how various factors affect the Taiwanese hotel performance and offered interesting and valuable findings. To expand the financial literature of the Taiwanese hotel industry and the hospitality literature as a whole, this article is the first hospitality study to investigate how board size affects firm performance of publicly traded hotels in Taiwan. Panel regression test results reveal an interesting finding. Specifically, there is an inverted U-shaped relationship between board size and hotel performance in terms of return on assets, return on equity, and Tobin’s Q with an optimal value of board size equal to 10. This indicates that while board size up to 10 has a positive impact on hotel performance (supporting the resource dependence theory), board size can deteriorate hotel performance when it is larger than 10 (supporting the agency theory).

原文英語
頁(從 - 到)317-324
頁數8
期刊Cornell Hospitality Quarterly
59
發行號4
DOIs
出版狀態已發佈 - 2018 十一月 1

ASJC Scopus subject areas

  • Tourism, Leisure and Hospitality Management

指紋 深入研究「Does Board Size Matter for Taiwanese Hotel Performance? Agency Theory or Resource Dependence Theory」主題。共同形成了獨特的指紋。

引用此