本研究以2003~2005年台灣區機器公會會員中上市（櫃）廠商為對象，研究機械產業之家族企業的董事會組成與股權結構對企業績效影響。研究樣本經篩選過後共得42家有效樣本，得出以下實證結果:（1）臺灣機械業廠商之董事會組成與股權結構對與企業績效並無顯著關係。（2）就機械業而言，非家族企業的平均企業績效高於家族企業。（3）就研究樣本之所有機械業廠商而言，董事會組成中的董監事人數與外部董監事比例都不是影響企業績效的重要因素。（4）在股權結構方面，整體機械業的股權集中度為0.15，屬於股權分散型。且就研究之機械業而言，股權結構的內部持股比例以及股權集中度亦不是影響企業績效的重要因素。（5）在董事會組成與股權結構對企業績效的影響來看，針對於所有機械業而言，董事會組成與股權結構對企業績效的影響皆不顯著，但股權結構對企業績效的影響大於董事會組成對企業績效之影響。

The paper is to study the effect between the board composition and ownership structure on firm performance for family - based machinery industry. The sample of the study collected 42 published companies listed in Taiwan Association of Machinery Industry from 2003 to 2005. By conducting regression analysis in the study, we find out that there is no significant effect between board composition and ownership structure on firm performance in the machinery industry. Besides it, the effect from the ownership structure to firm performance is bigger than that from board composition. For the machinery industry, the factors in the board size and outside directors have no significant effect on the board composition. For the machinery industry, the firm performance on non - family - based machinery industry is better than family - based machinery industry.

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