Board of Directors of the features and functionality will affect the company’s overall strategy and execution decision-making ability, if with considerable independence or professional, will make corporate governance more perfect, and thus enhance corporate value. Taiwanese family and group enterprises, so that excessive focus on controlling shareholders equity on the board of directors and may result in independence and professionalism of the impact. Therefore, this study was to investigate the board’s independence and professionalism is a significant association with the enterprise value, and to further explore the equity focus of the company compared to dispersed ownership of enterprises, the board of directors to enhance the independence and professionalism of whether to enhance corporate value.
The empirical results show that board independence and corporate value of a significant positive correlation. Board of professional and business value of negative correlation. Ownership concentration and board independence as a significant positive correlation. Ownership concentration and board of directors is positively related to professionalism. Ownership concentration for the independence of the board of directors in corporate value have the effect of intermediate results, empirical results for the positive correlation. Ownership concentration for the professional in the corporate board of directors if there are intermediate results the value of the impact of empirical results for the negative correlation.
