政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/64018
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113311/144292 (79%)
Visitors : 50937825      Online Users : 947
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64018


    Title: 員工分紅、公司治理與未來績效
    Other Titles: Employee Bonus, Corporate Governance, and Future Performance
    Authors: 許崇源;陳昭蓉
    Hsu, Chung-Yuan;Chen, Chao-Jung
    Contributors: 會計系
    Keywords: 員工分紅;公司治理;盈餘分配權;分配程度;未來績效
    Employee Bonus;Corporate Governance;Cash Flow Right;Overpayment\\Underpayment;Future Performance
    Date: 2008-12
    Issue Date: 2014-02-19 15:48:39 (UTC+8)
    Abstract: 本文探討公司治理特性對員工分紅之影響，及員工分紅對公司未來績效（包括資產報酬率、市場報酬及權益報酬率）之影響。實證結果發現，在公司治理特性方面，盈餘分配權較高、董監事持股比率較高及家族控股之公司，通常發放較少之員工分紅，而機構投資人持股比率愈高及獨立董監事席次較高之公司，發放較多之員工分紅。進一步測試員工分紅對公司未來績效之影響，實證結果發現，員工分紅對公司績效之提升有正面的效果。但進一步區分成發放過多員工分紅及發放過少員工分紅後，發現發放過多員工分紅對於提升公司績效的效果，不如發放過少員工分紅者，即過度發放員工分紅對公司績效並無進一步提升的效果。
    This study uses data from listed company to empirically investigate the determinants of employee bonus, including corporate governance characteristics, and the impact of employee bonus on the future performance, including accounting performance and market performance. Empirical result shows that the employee bonus is lower when the firm`s controller has higher cash flow right, when the directors own more shares, and when the firm is controlled by family, and that the employee bonus is higher when the firm’s independent board member and institutional ownership are higher. The above empirical results strongly support management self-interest hypothesis. We also examine the relationship between employee bonus and firm future performance. Results show that the impact of employee bonus on firm future performance is positive, but the impact of overpayment is lower than that of underpayment. The policy implication of the results is discussed in the paper.
    Relation: 中山管理評論, 16(4), 671-702
    Data Type: article
    Appears in Collections:[Department of Accounting] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    671702.pdf3330KbAdobe PDF2893View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback