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| Title: | 董事會組成多樣性和CEO與一般員工薪酬比揭露之關聯性研究
The Association between Board Diversity and Pay Ratio Disclosure |
| Authors: | 丁亭瑋
Ting, Ting-Wei |
| Contributors: | 梁嘉紋
Liang, Jia-Wen
丁亭瑋
Ting, Ting-Wei |
| Keywords: | 董事會組成多樣性
薪酬比
CEO薪酬
員工薪酬
Board Diversity
CEO pay ratio
CEO compensation
employee compensation |
| Date: | 2024 |
| Issue Date: | 2024-09-04 14:46:34 (UTC+8) |
| Abstract: | 本研究旨在探討董事會組成多樣性和CEO與一般員工薪酬比(CEO pay ratio)揭露之關聯性，包含：CEO pay ratio、CEO薪酬、中位數員工薪酬和CEO pay ratio段落長度。本研究參考Bernile et al. (2018)之作法，建構一個涵蓋六個面向董事會多樣性特徵之指數，包括性別、年齡、種族、教育背景、財務專業知識和董事會經驗等面向，該指數之建立有助於更好的衡量董事會多元化程度。本研究以2017至2021年的美國標準普爾1500指數公司為樣本，實證研究發現董事會組成多樣性與CEO pay ratio、CEO薪酬、pay ratio段落長度呈顯著正相關，而董事會組成多樣性對中位數員工薪酬則無顯著影響。經過穩健性測試，包含控制公司規模和董事會規模的影響、工具變數之替換、自變數之主成分分析，本研究之實證結果依然穩健。
This research examines whether board diversity is associated with CEO pay ratio disclosure (including the ratio size, the components, i.e. CEO compensation and median employee compensation, and the length of the disclosure section). To better measure board diversity, this research follows Bernile et al. (2018) and constructs an index covering six dimensions of board diversity, including directors’ gender, age, race, educational background, financial expertise and experience. Based on a sample of S&P 1500 firms from 2017 to 2021, I find that companies with more diverse boards have higher CEO pay ratios and CEO compensation and also longer pay ratio disclosure. However, I do not find a relation between board diversity and median employee compensation. The results are robust after controlling for firm/board size effect and using alternative instrumental variables and alternative measures of board diversity. |
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| Description: | 碩士
國立政治大學
會計學系
111353001 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0111353001 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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