期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2016
卷号：11
期号：8
页码：213
DOI：10.5539/ijbm.v11n8p213
出版社：Canadian Center of Science and Education
摘要：The research is purposely designed for determining perquisites in private sector through ownership, either those which are affiliated in business group and non-group; or family and group ownership non-family ownership and group affiliated. Moreover, the research examines either perquisites in private sectors is really exist on different stage of firm cycle, and different ownership structure. There will be 2 hypotheses with 8 minor hypotheses based on four firm’s stages. This researchuses linear regression Pooled Least Square with interaction variables. The result showed that perquisites manager’s occurred on maturity stage in group and family group. The tendency showed that cash flow is used to maintain manager behavior by monitoring mechanism of debt policy. In the growth stage, this research is able to explain that cash flow is used for perquisites and managers tend to use it; however debt is used to bonding such perquisites behavior. Moreover, this research also found that ownership concentration also minimizes manager’s perquisites. The major differences of this research compared to the previous research are the proposed arguments in which companies are divided into group and non-group affiliation, and also family and non-family group. Besides, this research divides the companies groups into different stages such as maturity, growth, star, and decline.
其他摘要：The research is purposely designed for determining perquisites in private sector through ownership, either those which are affiliated in business group and non-group; or family and group ownership non-family ownership and group affiliated. Moreover, the research examines either perquisites in private sectors is really exist on different stage of firm cycle, and different ownership structure. There will be 2 hypotheses with 8 minor hypotheses based on four firm’s stages. This research uses linear regression Pooled Least Square with interaction variables. The result showed that perquisites manager’s occurred on maturity stage in group and family group. The tendency showed that cash flow is used to maintain manager behavior by monitoring mechanism of debt policy. In the growth stage, this research is able to explain that cash flow is used for perquisites and managers tend to use it; however debt is used to bonding such perquisites behavior. Moreover, this research also found that ownership concentration also minimizes manager’s perquisites. The major differences of this research compared to the previous research are the proposed arguments in which companies are divided into group and non-group affiliation, and also family and non-family group. Besides, this research divides the companies groups into different stages such as maturity, growth, star, and decline.
