The Impact Of Group Enterprises Board Characteristics And Family Holdings On Operating Performance

The samples of the study were collected from 387 Taiwan's listed group conglomerates from 2010 to 2023, to investigate the mediating effect of corporate social responsibility, and to verify the impact of group enterprises board characteristics and family holdings on operating performance. Using the two-stage least squares method to estimate the simultaneous equations models and to establish the analyses: (1) Board characteristics of group enterprises affect corporate social responsibility. (2) Family holdings in group enterprises affect corporate social responsibility. (3) Group corporate social responsibility positively affects operating performance. (4) Board characteristics of group enterprises exert its influence on operating performance. (5) Family holdings in group enterprises influence operating performance. According to the definition of Corporate Social Responsibility by the World Business Council for Sustainable Development, it is emphasized that while contributing to economic development, enterprises need to commit to strictly abiding by ethical norms proactively. To improve employees’ quality of life, as well as their families; to ameliorate living standards in local community, or even society; enterprises take sustainable management as their core goal, which also echoes the empirical results of the study. Using the mediating effect of corporate social responsibility to study the impact of group enterprises board characteristics and family holdings on operating performance.