English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113318/144297 (79%)
Visitors : 51036237      Online Users : 921
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
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/99293
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/99293


    Title: 經理人權益基礎薪酬與策略聯盟之關聯性研究
    An Empirical Study of the Association between Executive Equity-based Compensation and Strategic Alliances
    Authors: 陳襄瑋
    Chen, Hsiang Wei
    Contributors: 梁嘉紋
    Liang, Jia Wen
    陳襄瑋
    Chen, Hsiang Wei
    Keywords: 權益基礎薪酬
    策略聯盟
    代理問題
    Equity-based Compensation
    Strategic Alliances
    Agency Problem
    Date: 2016
    Issue Date: 2016-07-20 16:40:06 (UTC+8)
    Abstract: 在經營權與所有權分離的企業經營環境中,權益基礎薪酬扮演著連結股東與經理人利益之重要角色。本研究旨在探討經理人權益基礎薪酬與企業策略聯盟行為間之關聯性,並進一步檢視權益基礎薪酬對於企業策略聯盟形成、策略聯盟數目、類別及跨產業聯盟與否之影響。本研究以2003年至2013年美國上市櫃公司為樣本,研究結果顯示經理人權益基礎薪酬對於企業策略聯盟形成有正向影響。給予經理人較高比重權益基礎薪酬之企業,不僅形成策略聯盟之機率較高,且形成策略聯盟之次數亦較多。再者,給予經理人權益基礎薪酬較高比重之企業,其形成研發聯盟之可能性較高,且更傾向於形成同產業間策略聯盟。
    Reference: 一、中文部分
    王櫻霓,2005,不同類型策略聯盟之宣告效果與股東權益風險探討,國立中山大學財務管理學系碩士。
    呂鴻德,1996,Q&A 企業策略聯盟,商周文化事業股份有限公司。
    李文欣,2003,國際策略聯盟長期績效之研究,國立成功大學國際企業研究所碩士論文。
    吳青松,1992,產業策略聯盟之國際發展型態與趨勢,台灣經濟研究月刊,第十五卷,第5期:23-27。
    吳婉芳,2003,策略聯盟爭取雙贏,經濟日報。
    林瑞青、卓佳慶、賴筠婷與鄭栢岳,2012,再探策略聯盟資訊內涵之研究: 生命週期觀點,會計審計叢書,第二卷,第1期:115-139。
    張淑玲,2004,併購動機、整合機制與績效評估─以平衡計分卡為例,國立成功大學企業管理學系碩士。
    黃台心,2009,計量經濟學,新陸書局股份有限公司。
    黃旭輝、蔡明恭與闕河士,2001,策略聯盟宣告對股東財富影響之研究,管理研究學報,第一卷,第2期: 321-336。
    陳乃維,2015,商用統計學,華泰文化事業股份有限公司。
    葉匡時、蔡敦浩與周德光,1993,策略聯盟的發展策略─交易成本的觀點,管理評論,第十二卷:99-117。

    二、英文部分
    Aaker, D. A. 1995. Strategic market management . New York: John Wiley & Sons,Inc.
    Ahuja, G. 2000. Collaboration networks, structural holes, and innovation: a longitudinal study. Administrative Science Quarterly 45: 425-455.
    Amihud, Jakov, and B. Lev. 1981. Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics, 12: 605-617.
    Amihud, Jakov, and B. Lev. 1999. Does the corporate ownership structure affect its strategy towards diversification? Strategic Management Journal 20:1063-1069.
    Anand, B. and T. Khanna. 2000. Do firms creat value? The case of alliance. Strategic Management Journal 21(3):295-315.
    Antle, R. and A. Smith .1986. An empirical investigation of the relative performance evaluation of corporate executives. Journal of Accounting Research 24(1): 1-39.
    Badaracco, J. L. 1991. The knowledge link: how firms compete through strategic alliances. The Executive 5(3):97-99
    Berger, P., and E. Ofek. 1995. Diversification`s effect on firm value. Journal of Financial Economics 37: 39-65.
    Bergstresser, D. and T. Philippon. 2006. CEO incentives and earnings management. Journal of Financial Economics :511-529.
    Bizjak, J. M., J. A. Brickley and J. L. Coles. 1993. Stock-based incentive compensation and investment behavior. Journal of Accounting and Economics 16(1): 349-372.
    Bodnar, G., C. Tang, and J. Weintrop. 1998. Both sides of corporate diversification: the value impacts of geographic and industrial diversification. Working Paper, Wharton School.
    Bryan, S, Hwang, L.S. and Lilien, S. 2000, CEO stock-based compensation: an empirical analysis of incentive-intensity, relative mix, and economic determinants, Journal of Business and Society, 73(4): 661-693.
    Chan, S. H., J. W. Kensinger, A. J. Keown and J. D. Martin. 1997. Do strategic alliances create value? Journal of Financial Economics 46(2): 199-221.
    Chen, J., T. D. King and M. Wen. 2013. Do strategic alliances and joint ventures create value for bondholders and shareholders. Working Paper. University of North Carolina and California State University, Los Angeles.
    Chin, Lin, and Liang. 2008.Corporate governance and conference calls. Journal of Management 25(2):221-243.
    Combs, J. G. and D. J. Ketchen, Jr. 1999. Explaining interfirm cooperation and performance: toward a reconciliation of prefications from the resource-based view and organizational economics. Strategic Management Journal 20(9):867-888.
    Core, J. and W. Guay. 1999. The use of equity grants to manage optimal equity incentive levels. Journal of Accounting and Economics 28: 151-84.
    Core, J. and W. Guay. 2001. Stock option plans for nonexecutive employees. Journal of Financial Economics 61: 253-87.
    Core, J. E., W. R. Guay and R. E. Verrecchia. 2000. Are performance measures other than price important to CEO incentives? Working Paper, University of Pennsylvania.
    Core, J, Guay, W and Larcker, D. 2003. Executive equity compensation and incentives: a survey. Economic Policy Review 9 (1) : 27-50.
    Das, S., P. K. Sen, and S. Sengupta. 1998. Impact of strategic alliances on firm valuation. Academy of Management Journal 41(1) :27-41.
    Das, T. K. and B.S. Teng. 2000. A resource-based theory of strategic alliance. Journal of Management 26 (1):31-61.
    Dechow, P., A. Hutton, and R. Sloan. 1996. Economic consequences of accounting for stock-based compensation. Journal of Accounting Research 34: 1-20.
    Demirkan S. and I. Demirkan. 2014. Implications of strategic alliances for earnings quality and capital market investors. Journal of Business Research 67:1806-1816.
    Denis, D. J., D. K. Denis, and K. Yost. 2002. Global diversification, industrial diversification, and firm value. The journal of finance 5:1951-1979.
    Denis, D. J., D. K. Denis, and A. Sarin. 1997. Agency problems, equity ownership, and corporate diversification. Journal of Finance 52: 135-160.
    Doz, Y., G. Hamel, and C.K. Prahalad. 1994. Cooperate with your competitors and win. Harvard Business Review 67(1) 133-139.
    Duru, A. and Reeb, D. M. 2002. Geographic and industrial corporate diversification: the level and structure of executive compensation. Journal of Accounting, 17(1),1.
    Fich, E. M., L. T. Starks and A.S. Yore. 2014. CEO deal-making activities and compensation. Journal of Financial Economics 114(3): 471-492.
    Gaver, J. J. and K. M. Gaver. 1995. Compensation policy and the investment opportunity set. Financial Management24(1): 19-32.
    Gersony, N. 1996. Sectoral effects on strategic alliance performance for new technology firms. The Journal of High Technology Management Research 7 (2):175-189.
    Ghosh, A, Moon, D and Tandon, K. 2007.CEO ownership and discretionary investments ,Journal of Business Finance & Accounting, 34(5):819-839.
    Gulati, R. 1995. Social structure and alliance formation patterns: a longitudinal analysis. Administrative Science Quarterly 40(4): 619-652.
    Gulati, R. 1999. Network location and learning: the influence of network resources and firm capabilities on alliance formation. Strategic Management Journal 20(5): 397-420.
    Gulati, R. and J. D. Westphal. 1999. Cooperative or controlling? the effects of CEO-board relations and the content of interlocks on the formation of joint ventures. Administrative Science Quarterly 44(3): 473-506.
    Hackbarth, D. and J. Miao. 2011. The dynamics of mergers and acquisitions in oligopolistic industries. Working Paper. University of Illinois.
    Hagedoorn, J and Schakenraad, J.1994. The effect of strategic technology alliances on company performance. Strategic Management Journal (4):291-309.
    Hagedoorn, J. 2002. Inter-firm R&D partnerships: an overview of major trends and patterns since 1960. Research Policy 31:477-492
    Hall, B. J. and J. B. Liebman. 1998. Are CEOs really paid like bureaucrats? The Quarterly Journal of Economics 113 (3): 653-691.
    Hall, B. J. and K. J. Murphy. 2000. Optimal exercise prices for executive stock options. The American Economic Review 90 (2):209-241.
    Haugen, R. A. and L. W. Senbet. 1981. Resolving the agency problems of external capital through options. Journal of Finance36 (3): 629-647.
    Hayes, R. M., Lemmon, M. and M. Qiu.2010.Stock options and managerail incentives for risk-taking. Working Paper. University of Utah.
    Hitt, M. A., Ireland, R. D.and Hoskisson, R. E. 1997. Strategic management: competitiveness and globalization. St.Paul: West Educational Publishing.
    Humphrey-Jenner, M., L.L. Lisic, V. Nanda and S. Silveri. 2016. Executive overconfidence and compensation structure. Journal of Financial Economics 119(3):533-588.
    Ittner, C., R. Lambert, and D. Larcker. 2001. The structure and performance consequences of equity grants to employees of new economy firms. Working paper, University of Pennsylvania.
    Jayaraman, S.and T. Milbourn. 2015. CEO equity incentives and financial misreporting: the role of auditor expertise. The Accounting Review 90 (1) 321-350.
    Jenner, M. H., L.L. Lisic, V.K. Nanda and S. Silveri. 2015. Executive overconfidence and compensation structure. Journal of Financial Economics 119 (3):533-558.
    Jensen, M. C. and W. H. Meckling. 1976. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3(4): 305-360.
    Jensen, M. C. 1986. Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review 76: 323–329.
    Jensen, M. C. and K. J. Murphy. 1990. Performance pay and top-management incentives. Journal of Political Economy 98(2): 225-264.
    Jin, L.2000. CEO Compensation, diversication and incentives. Journal of Financial Economics 66 (1):29-63.
    Joskow, P. 1985. Contract duration and relationship – specific investments:
    empirical evidence from coal markets, American Economic Review 77:168-185.
    Judge, W. Q. and R. Dooley. 2006. Strategic alliance outcomes: a transaction-cost economics perspective. British Journal of Management 17:23-37.
    Kaplan, S. N. 1990. The staying power of leveraged buyouts, Working Paper. University of Chicago.
    Kogut, B. 1989. The stability of joint ventures: reciprocity and competitive rivalry. Journal of Industrial Economics 38:183-198.
    Killing, J.P. 1998. Understanding alliance: The role of task and organizational complexity. Cooperative strategies in international business,ed. Contractor, F. J., and P. Lorange. 55-67.
    Kosnik, R. D. and K. L. Bettenhausen. 1992. Agency theory and the motivational effect of management compensation :an experimental contingency study. Group & Organization Management 17(3): 309-330.
    Lewellen, W., C. Loderer and K. Martin. 1987. Executive compensation and executive incentive problems: an empirical analysis. Journal of Accounting and Economics 9(3): 287-310.
    Li, L., Qian, G. and Qian, Z. 2013. Do partners in international strategic alliances share resources, costs, and risks? Journal of Business Research 66(4): 489-498.
    Mody, A., 1993, Learning through alliances, Journal of Economic Behavior and Organizaiton, 20:151-170.
    Mowery, D. C. 1988. International Collaborative Ventures in U.S. MManufacturing Balliinger, Cambridge, MA.
    Murphy, K. J. 1999. Executive compensation. Handbook of Labor Economics 3: 2485-2563.
    Nagar, V., Nanda, D. and P. Wysocki. 2003. Discretionary disclosure and stock-based incentives. Journal of Accounting and Economics 34:283-309.
    Oyer, P., and S. Schaefer. 2001. Why do some firms give options to all employees? An empirical investigation of alternative theories.Working Paper, Stanford University.
    Park, C. 2002. The effects of prior performanceon the choice between relatedand unrelated acquisitions:implications for the performance consequences of diversification strategy. Journal of Management Studies 39(7):1004-1019.
    Porter, M. E. 1985. Competitive advantage. New York: Free Press.
    Porter, M. and Fuller, M. 1986. Coalitions and global strategy, Competition in Global Industries: 315-344.
    Press. Porter, M. E. 1992 .Capital choices: changing the way America invests in industry. Journal of Applied Corporate Finance 5(2): 4-16.
    Rajan, R. Sercaes, H. and Zingales, L. 2000. The cost of diversity: the diversification discount and inefficeint investment. The Journal of Finance (1) :35-78.
    Rau, P. R. and T. Vermaelen .1998. Glamour, value and the post-acquisition performance of acquiring firms. Journal of Financial Economics.49(2):223-253.
    Ravenscraft, D. and F. M. 1987. Scherer. Mergers, selloffs, and economic efficiency. Brookings Institution, Washington, DC.
    Rego, S. O. and R. Wilson. 2012. Equity risk incentives and corporate tax aggressiveness. Journal of Accounting Reserch 50 (3) 775-810.
    Robertson,T , S and Gatignon, H. 1998. Technology development mode: a transaction cost conceptualization. Strategic Management Journal 19(6):515-531.
    Servaes, H., 1996. The value of diversification during the conglomerate merger wave. Journal of Finance 51: 1201–1225.
    Shleifer, A. and R. W. Vishny.1990. Equilibrium short horizons of inverstors and firms. American Economic Review Papers and Proceedings 80 :148-153.
    Shleifer, A. and R. W. Vishny.1991. Takeovers in the ‘60s and the ‘80s:evidnece and implication. Strategic Management Journal 12 :51-59.
    Shleifer, A. and R. W. Vishny.2003. Stock market driven acquisitions. Journal of Financial Economics 70:295-311.
    Smith, C. W. and R. L. Watts .1992. The investment opportunity set and corporate financing, dividend, and compensation policies. Journal of Financial Economics 32(3): 263-292.
    Stuart, T.E. 1998. Network positions and propensities to collaborate: an investigation of strategic alliance formation in a high-technology industry.  Administrative Science Quarterly 43(3):668-698.
    Stulz, René M., 1990, Managerial discretion and optimal financing policies, Journal of Financial Economics 26: 3–27.
    Teece, D. 1986. Profiting from technological innovation: implications for integration, collaboration, licensing and public policy. Research Policy, 15: 285-305.
    Villalonga, B. 2004. Diversification discount or premium? New evidence from the business information tracking series. The Journal of Finance (2): 479-506.
    Wakeam, J. 2003. The Five Factors of a Strategic Alliance. Ivey Business journal67(5):1-5.
    Wang, H. C., Venezia C. C. and Lou, Y. I. 2013. Determinants of chief executive officer compensation. Journal of Business and Finance Research 7(4):29-42.
    Williamson, O. and W. G Ouchi .1981, The markets and hierarchies and the visible hand perspectives, Perspectives on Organization Design and Behavior: 347-370.
    Xia, H. 2013. High return, high risk-does stock option based CEO compensation encourage risk taking. International Review of Business Research Papers 9 (6) :15-37.
    Yoshino, Y. M. and Rangan, 1995, Strategic Alliances Entrepreneurial Approach to Globalization, Harvard Business School Press.
    Description: 碩士
    國立政治大學
    會計學系
    103353005
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103353005
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    File SizeFormat
    300501.pdf1368KbAdobe PDF239View/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