附表3：總經理被更替者依繼任者關係之不同的在位期間分析A.全樣本B.家族成員在位期間(年)次數%<17319.31%1~24812.70%2~34912.96%3~4297.67%4~5225.82%5~6236.08%6~7236.08%7~8256.61%8~9112.91%9~1061.59%>106918.25%合計378100.00%C.內部人員在位期間(年)次數%<12221.15%1~21716.35%2~31211.54%3~443.85%4~565.77%5~643.85%>63937.50%合計104100.00%在位期間(年)次數%<13115.58%1~22713.57%2~32613.07%3~4189.05%4~5147.04%5~6157.54%>66834.17%合計199100.00%D.外部人員附表4：董事長(包含現任)繼任關係之不同的在位期間分析A.全樣本在位期間(年)次數%<13721.14%1~22413.71%2~31910.86%3~4116.29%4~5126.86%5~6126.86%>66034.29%合計175100.00%B.家族成員在位期間(年)次數%<112532.81%1~28221.52%2~37519.69%3~44511.81%4~5236.04%5~6153.94%6~7143.67%>720.52%合計381100.00%在位期間(年)次數%<13128.44%1~22522.94%2~31715.60%3~41311.93%4~598.26%5~676.42%>676.42%合計109100.00%<13128.44%C.內部人員D.外部人員在位期間(年)次數%<16934.50%1~23216.00%2~34723.50%3~42512.50%4~5126.00%5~663.00%>694.50%合計200100.00%附表5：董事長(包含現任)繼任關係之不同的在位期間分析A.全樣本在位期間(年)次數%<17447.44%1~23623.08%2~33321.15%3~495.77%4~521.28%5~621.28%>600.00%合計156100.00%在位期間(年)次數%<112140.88%1~25217.57%2~35117.23%3~4258.45%4~5217.09%5~6155.07%>6113.72%合計296100.00%B.家族成員C.內部人在位期間(年)次數%<13028.57%1~21918.10%2~32019.05%3~41413.33%4~5109.52%5~676.67%>654.76%合計105100.00%D.外部人在位期間(年)次數%<17349.32%1~22013.51%2~32516.89%3~485.41%4~596.08%5~674.73%>664.05%合計148100.00%在位期間(年)次數%<11841.86%1~21330.23%2~3613.95%3~436.98%4~524.65%5~612.33%>600.00%合計43100.00%附表6：董事長(不包含現任)繼任關係之不同的在位期間分析A.全樣本在位期間(年)次數%<16051.72%1~22017.24%2~31613.79%3~497.76%4~543.45%5~665.17%>610.86%合計116100.00%B.家族成員C.內部人在位期間(年)次數%<11041.67%1~2416.67%2~3520.83%3~4312.50%4~500.00%5~628.33%>600.00%合計24100.00%D.外部人在位期間(年)次數%<13952.70%1~21216.22%2~3912.16%3~456.76%4~556.76%5~634.05%>611.35%合計74100.00%在位期間(年)次數%<11161.11%1~2422.22%2~3211.11%3~415.56%4~500.00%5~600.00%>600.00%合計18100.00%附表7：總經理繼任者與被更替者績效差異之比較繼任者與被更替者任期均大於一年以上被更替者繼任者平均數平均數成對母體平均數差異檢定t(p-value)ROA5.6342.728-2.084(0.038)**ROE7.9900.651-2.434(0.016)EPS1.3410.5504.584(7.730E-06)***考慮產業因素之總經理繼任者與被更替者差異檢定被更替者繼任者扣除產業平均數扣除產業平均數成對母體平均數差異檢定t(p-value)ROA-0.918-2.6-2.084(0.038)**ROE-2.491-7.109-2.434(0.016)**EPS-0.351-0.682-1.940(0.054)*總經理繼任者與被更替者績效差異之比較繼任者與被更替者任期均大於二年以上被更替者繼任者平均數平均數成對母體平均數差異檢定t(p-value)ROA6.3213.801-1.881(4.693E-05)***ROE9.5613.285-1.738(1.072E-07)***EPS1.4430.793-1.741(0.005)***考慮產業之總經理繼任者與被更替者之差異檢定24.24≧≧被更替者繼任者扣除產業平均數扣除產業平均數成對母體平均數差異檢定t(p-value)ROA-0.845-1.7071.204(0.230)ROE-1.875-4.8961.786(0.075)*EPS-0.423-0.5040.283(0.777)*顯著水準為0.1**顯著水準為0.05***顯著水準為0.01附表8：―事件期間之繼任關係對異常報酬的影響董事長更替，所有樣本事件期間所有樣本繼任關係家族成員內部人員外部人員ARt值(AR)ARt值(AR)ARt值(AR)ARt值(AR)-20-0.334-2.040**-0.598-2.368**-0.198-0.867-0.232-0.460-190.0550.2980.3671.320-0.084-0.316-0.229-0.438-18-0.178-1.047-0.336-1.203-0.091-0.391-0.046-0.092-170.0360.200-0.351-1.230-0.078-0.3791.1811.709*-16-0.057-0.322-0.246-0.780-0.003-0.0130.1670.299-150.0120.065-0.160-0.5...
