The Optimization of Excellent Performance through Managerial Ownership, Funding Policy, Corporate Governance: Does it Depend on The Environmental Technology Dynamism

Abstract

The purpose of this paper is to test the factors in optimizing company excellent performance through managerial ownership, funding policy, corporate governance to enhance company performance which is depend on environmental technology dynamism. The hierarchical cluster analysis was used to determine environment technology in two group samples of prospector and defender companies. The influence of managerial ownership, funding policy, and corporate governance on performance in the cluster of prospector and defender company was tested by polynomial regression analysis. Our study proves that management should consider the environment technology factor when manage the company to achieve the best performance. Policy funding of prospector companies better using capital market than debt. The defender company better use debt than capital market. Prospector companies achieve the best performance with a large number of board director and audit committee. Furthermore, the defender companies should have a smaller number of board director and audit committee to achieve best performance.