| 摘要: | 根據經濟成長模型而言，自1990年代以來，除了傳統之土地、勞力、資本等生產要素之外，知識經濟已成為影響企業經營績效的重要因素。因此，本研究擬從高科技產業的角度，探討知識投入之人力資本、研發對企業經營績效的影響。本文係以人力資本之教育程度、員工附加價值、研發等做為自變數；此外，公司治理是否會對人力資本之教育程度、員工附加價值、研發與企業經營績效之間產生干擾效果，本文也將詳細探討。
本研究對象為台灣上市電子業，透過台灣經濟新報(TEJ)資料庫在2014和2017的財務資料，共取得樣本數397家。透過次級資料的整理後進行統計分析，首先以描述性統計對各變數做基本資料分析，然後做相關性敘述分析，最後做階層性迴歸分析。
實證結果顯示，在人力資本之教育程度、員工附加價值、研發存有正向顯著關係。另外，公司治理優良者則有利於企業經營績效，其強化員工附加價值、研發對經營績效的影響，亦即有干擾效果。
According to the economic growth model, since the 1990s, in addition to the tradi-tional production factors such as land, labor, and capital, the knowledge economy has become an important factor affecting business performance. Therefore, this study in-tends to explore the impact of human capital and R & D on business performance from the perspective of high-tech industries. This article takes the education level of human capital, employee added value, research and development as independent variables. In addition, whether corporate governance have a moderating effect on the education level of human capital, employee added value, R&D and business performance, this article will discuss in detail.
The research object is the Taiwan listed electronics firms. Through the financial information of the Taiwan Economic News (TEJ) database in 2014 and 2017, a total of 397 samples were obtained. Statistical analysis is performed through the collation of secondary data. First, basic data analysis is performed on each variable with descriptive statistics, then correlation analysis is performed, and hierarchical regression analysis is finally performed.
The empirical results show that there is a positive and significant relationship be-tween the educational level of human capital, the added value of employees, and R&D. In addition, the excellent corporate governance is conducive to the business perfor-mance of the company, which strengthens the impact of R&D, human capital on busi-ness performance, that is, there is a moderating effect. |
