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    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/30168


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    題名: 員工認股權對企業權益評價影響之研究：以數值分析法進行Warrant-Based Pricing Model 與 Black-Scholes-Model 之比較
    作者: 周佳玲
    貢獻者: 戚務君
    周佳玲
    關鍵詞: 員工認股選擇權
    ESO
    Warrant-Pricing Model
    Black-Scholes-Model
    日期: 2005
    上傳時間: 2009-09-11 17:22:53 (UTC+8)
    摘要: 由於忽略員工認股選擇權的稀釋性會造成偏誤的企業評價，本研究利用以認購權證為基礎的改良評價模型，並配合會計研究的剩餘淨利模型，欲探討Warrant-Pricing Model與 Black-Scholes-Model之差異。由於現行國際會計準則與美國會計準則都已明確規定員工認股選擇權需依公平價值認列為費用，我國會計公報未來必定朝此方向修改，為因應使用公平價值法對員工認股權評價，本文對於財報附註揭露之表達提出建議，以提供會計人員與審計人員進行財務報表編製與查核工作時為參考。
    Because employee stock option (ESO) has some special conditions which make them different from all the options transferring in markets, we can not use the general option pricing model, such as: Black-Scholes-Model, to price ESO. By using Warrant-Pricing Model and the residual income model, this research introduces us the differences between Warrant-Pricing Model and Black-Scholes-Model. Moreover this research leads to the conclusion that Warrant-Pricing Model can price ESO more properly, and it is helpful in evaluating company equity and pricing stock. This research also provide some advice to auditors and accountants on financial statement disclosures.
    參考文獻: 鍾慧貞，2004，「我國財務會計處理及資訊揭露邁向國際接軌」，當代會計，第五卷第一期，pp121-137.
    陳妙玲，2003，「員工認股選擇權會計與權益評價」，證券櫃臺月刊，第九十期，pp88-93.
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    描述: 碩士
    國立政治大學
    會計研究所
    93353017
    94
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0093353017
    資料類型: thesis
    顯示於類別:[會計學系] 學位論文

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