本文在旨探討2011年至2015年台灣地區上市櫃公司獨立董事對經營績效之影響，以最小平方法(Ordinary Least Squares, OLS)估計迴歸模型。近期由於行政院長林全宣布接任閣揆後，獨立董事議題再次被關注。獨立董事的設置、薪資、兼職等經常成為議題討論。有些研究指出，獨立董事在公司裡扮演著「肥貓」，領取高薪，因而成為本文的研究動機之一。公司經營績效反應在公司的財務報表上，過去文獻常指出獨立董事兼職與公司經營績效的關係。因此，本文探討獨立董事對公司經營績效的影響，以獨立董事的兼職是否會影響公司經營績效作為本文的研究動機之二。本文發現獨立董事席次比率、董事會持股比例、經理人持股比例與公司績效呈顯著正向相關，而獨立董事兼職數也會對公司績效帶來正向影響。 Using 2011~2015 annual data of listed companies in Taiwan, this research focus on the impact of multiple independent directors on corporate performance. Recently, due to the Premier Lin Quan announced succeed premier-designate, independent director issues are again concerned by the investors. The setting, salary, part-time and pluralism of independent directors are often discussed as topics. Previous studies presented that the independent directors play an important role in the corporate governance. The main purpose of this study was to investigate the relationship among the independent directors and corporate governance and corporate performance. Using multiple regression analysis, the results indicate that busy independent directors, the ratio of independent directors, the percentage of shares owned by manager, the percentage of shares owned by major shareholders, the percentage of shares owned board, board size, and percentage of control shareholders on the board are positively associated with firm performance. The empirical results also show that background of independent directors negatively associated with firm performance.
