過去有關家族企業公司治理體制遵從之實證研究多於會計、經濟領域討論，少數以家族社會情感財富（Socioemotional Wealth, SEW）理論探討之研究，也忽略其多構面性，導致實證結果不一致。因此，本研究參考Gu、Lu與Chung（2019）的研究，將SEW區分為聚焦型SEW與廣泛型SEW，運用2010－2014年間臺灣390家上市櫃家族企業之次級資料，探討臺灣上市櫃家族企業SEW、家族企業生命週期和公司治理體制遵從間的關係。研究結果發現，無論是側重聚焦型SEW或廣泛型SEW的家族企業，皆會負向影響公司治理體制遵從。此外，相較於家族集團階段，家族企業處於創業者或後創業者階段，SEW和體制遵從的負向關係較弱，甚至可能轉變為正向關係，部分解釋了過去實證結果不一致的原因。

Most of the voluminous empirical studies on institutional compliance of corporate governance are discussed in the fields of accounting and economics. There are only few studies from the viewpoint of family socioemotional wealth (SEW) that also ignore its multifaceted nature, which resulted in empirical inconsistencies. This study incorporates insights from the research of Gu, Lu, and Chung (2019), which distinguished two aspects of SEW, focused SEW and board SEW, to examine the relationships among SEW, family firm life cycle, and institutional compliance of corporate governance. Employing a sample of 390 publicly listed family firms in Taiwan over a period of 5 years (2010-2014), we found that SEW (focused SEW and broad SEW) have a significant negative effect on institutional compliance of corporate governance. In addition, we found that the negative relationship between SEW and institutional compliance of corporate governance is weaker, some relationships even turn into positive, in the stages of founder and postfounder of family firms. Those results partly explains the reasons for the inconsistency of past empirical results.