以往企業都會因為所有權與經營權分離，股東與經理人目的不同，而有代理問題
產生，本研究主要探討的議題：經理人短視近利問題(CEO career horizon problem)
也是代理問題的一類，本研究使用社會情感財富(Socioemotional Wealth，簡稱 SEW)
為架構去探討企業是否會為了保護 SEW 而減少經理人短視近利問題的發生？除此之
外，本研究也根據家族企業成立過程，把家族企業成立過程分為兩類，一種是由家族
成員自己創立，另一種是併購其它企業的家族企業，最後，本研究探討家族企業中第
幾代經營領導的家族企業績效會較好，研究發現，原創的家族企業和第一代經營者領
導的家族企業績效會較好。

In the past , there are agency problems , because of separation of ownership and
management . the main topics in this study: CEO career horizon problem is also a kind of
agency problems . This research use socioemotional wealth as theoretical framework to consider
that whether firms will reduce the CEO career horizon problems in order to protect SEW .
Besides , this study also explores the establishment of family business process . The establishment
of family firm is divided into two cases, one is created by the family members themselves, the
other is the family firm which acquired by families . Finally , this study explores what generations
in the family firms will lead to a better performance . The study found that there are better
performance in original family firms and the family firms which lead by first generation .

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