董事會特徵、公司績效與管理階層薪酬之關聯性研究：以電子產業為例

CCUR > College of Business > Department of Accounting & Graduate Institute of Accounting > Thesis > Item 987654321/19937

Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/19937

Title:	董事會特徵、公司績效與管理階層薪酬之關聯性研究：以電子產業為例
Authors:	戴伶娜
Contributors:	會計學系
Keywords:	董事會特徵績效指標管理階層薪酬遞延效果
Date:	2010
Issue Date:	2011-10-27 13:15:07 (UTC+8)
Abstract:	台灣自2008年實施員工分紅費用化後，在落實公司治理的環境下，董事會特徵、績效指標與管理階層(董監事、總經理及副總經理)薪酬之關聯性，為一重要的研究課題。本研究聚焦於會計績效指標(例如：資產報酬率、股東權益報酬率或每股盈餘)、市場績效指標(例如：股票報酬率或Tobin’s Q)和董事會特徵與管理階層酬勞的關聯性。並進一步探討各項績效指標對管理階層薪酬是否具有遞延的效果。本研究以2008年及2009年電子產業之上市公司為研究對象，樣本共525筆，運用多元迴歸進行分析，主要實證結果如下： (1)整體會計績效指標皆對管理階層酬勞會有顯著影響； (2)市場績效指標為股票報酬率，對董監酬勞有顯著影響；Tobin’s Q對整體管理階層酬勞有顯著影響； (3)董事會特徵中，董事會持股率、設置審計委員會及獨立董事比率對董監酬勞有顯著影響； (4)在遞延效果方面，會計績效及市場績效對管理階層酬勞皆有顯著影響。 To connect with the world, Taiwan has enacted the Expensing Employee Bonus policy since 1st January 2008. Hence, it’s an extremely important issue to research the relationship among director characteristics, performance indicators and management’ compensations (director, general manager, and assistant general manager) under the corporate governance environment. This study focuses on accounting performance indicators (ex: return on assets, ROA or earnings per share, EPS), market per-formances (ex: stock return rate or Tobin’s Q), director characteristics, and directors’ compensations. Furthermore, this research explores whether there is any deferred ef-fect of directors’ compensations from director characteristics or performance indica-tors. This research has collected 525 samples, which are from the firms listed in Tai-wan Securities Exchange during the period 2008-2009 and selected the electronics industry. This research method applies multiple regression analysis and the empirical results are as follows: (A)All accounting performance have relationship significantly on the managements’ compensations. (B)When the market performances is the stock return rate or Tobin's Q, the directors’ compensations have relationship significantly. Tobin's Q has relationship signifi-cantly on general manager and assistant general manager. (C)The ownership rate of the board and the establishment of Audit Committee in Di-rector characteristics have relationship significantly on the directors’ compensa-tions. (D)Regarding the deferred effect, accounting performance and market performances on the managements’ compensations have relationship significantly.
Appears in Collections:	[Department of Accounting & Graduate Institute of Accounting] Thesis

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML	295	View/Open

Loading...