政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/34210
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113822/144841 (79%)
造访人次 : 51797660      在线人数 : 550
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/34210


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/34210


    题名: 組織之人力資本對市場價值及財務績效影響之研究
    作者: 黃聖茵
    贡献者: 吳安妮
    黃聖茵
    关键词: 智慧資本
    人力資本
    市場價值
    財務績效
    Intellectual capital
    human capital
    market value
    financial performance
    日期: 2003
    上传时间: 2009-09-18 09:00:53 (UTC+8)
    摘要: 隨著知識經濟時代來臨，知識在組織經營中扮演日益重要的角色，知識擁有者對於組織而言即為人力資本。組織應瞭解知識擁有者能為組織創造多少效益，從而進行人力資源管理，以求長期競爭優勢。因此人力資本在組織中益顯重要，故本研究擬探討人力資本對組織市場價值與財務績效之影響情況。

    本研究以我國上市及上櫃公司為研究對象，包含資訊電子（光電、半導體、資訊通訊服務、資訊家電）、生物科技、食品、化學材料、紡織等產業進行探討。研究期間為2001年至2003年，以複迴歸方式從事實證模型分析。

    本研究主要探討議題共分為兩部分：
    一、人力資本對組織市場價值之影響：本研究以市場價值及M/B Ratio當為應變數，研發人數、員工向心力為自變數。

    二、人力資本對組織財務績效之影響：以每人營業收入、每人營業毛利、每人稅前營業利益為應變數，自變數為：研發人數、員工向心力等。

    本研究之實證結果發現：研發人數對組織市場價值與組織財務績效有正向影響，而員工向心力對組織M/B Ratio也有正向影響。另外，智慧資本的投資通常會為企業帶來數年的效益，人力資本也不例外，因此本研究另外針對遞延一期之組織市值及財務績效進行分析，實證結果研究也發現：研發人數對組織財務績效具有部分遞延效益。

    根據實證結果，本研究建議組織應加強對人力資本之重視，俾提升其市場價值及財務績效。另外，對於後續研究者而言，由於人力資本之指標因各文獻採用不一，故未來學者應再針對不同指標進行探討，並加以彙整，或許對組織市場價值與財務績效影響因子可能會有更深入及明確之瞭解。
    With the coming of the age of knowledge economy, knowledge plays a very important role in organizations. Knowledge-owners are regarded as “Human Capital” in organizations. Managers should understand how many benefits the knowledge-owners will bring to the organizations, and use their Human Resource Management (HRM) policies effectively to retain the long-term competition advantages. Human capital becomes more and more important, so this study is intent to examine the effect of human capital upon the market value and financial performance of the organizations.

    The two main themes of this study are:
    1. The effect of human capital on market value of the organizations. The dependent variable are: market value and M/B Ratio; and the independent variable are: number of R&D workers and employee loyalty.
    2. The effect of human capital on financial performance of the organizations. The dependent variable are: revenue per employee, gross profit per employee, and operating income per employee; and the independent variable are: number of R&D workers and employee loyalty.

    The results show that “R&D workers” has both positive effect on market value and financial performance of the organizations; “employee loyalty” has positive effect on M/B Ratio, too. In addition, human capital has partial lagged effects.

    According to the results, this study suggests that the organizations should pay more attention to their human capital to promote their market value and financial performance. Moreover, for future researchers, they could examine different human capital indexes. It may allow us to have a thorough understanding about the influence of human capital on market value and financial performance of the organizations.
    參考文獻: 一、 中文部分
    中國時報，2002.12.3，施振榮張忠謀促培養高科技人才（二十二版）。
    吳秀娟，2000，企業市場價值與淨值差異影響因素之研究－以我國資訊電子業為例，國立政治大學會計系碩士班未發表論文。
    李貴富，2002，智慧資本創造活動之商業價值：以我國高科技產業訓練活動為例，國立政治大學會計系碩士班未發表論文。
    周齊武與Shields, M. D.，1994，科技改變、競爭、組織規模對管理會計組成問題之影響：以美國製造業公司為證，會計評論，第28期，頁103-128。
    林正銘，2002，人力資源管理活動對組織績效的影響─同期與遞延效果之探討，國立中央大學人力資源管理研究所碩士在職專班論文。
    林宏達，2004，中華電信組織改造，e天下雜誌，第40期（四月），頁69。
    林明德，2003，無形資產之價值攸關性與決定因素之探討，國立政治大學會計系碩士班未發表論文。
    林首毅，2003，人力資源管理活動對組織績效的影響，國立中央大學人力資源管理研究所碩士班論文。
    邱義誠，1992，管理叢林的開山刀，管理雜誌，第225期，頁30-34。
    馬維揚，1997，我國高科技產業經營環境與策略之探討，台北銀行月刊，第27卷，第5期，頁34-52。
    陳雅慧，2004，二零零四年一千大CEO大調查－即使政局動盪也要樂觀向前，天下雜誌，第297期（四月）：96-108。
    黃曉惠，2003我國資訊電子業研發部門特質對經營績效之影響，國立政治大學會計系碩士班未發表論文。
    楊文翔，2003，競爭策略、人力資源管理與市場績效的關係，國立臺灣大學會計學研究所碩士班論文。
    溫士賢，2003，研發、廣告與人力支出和企業價值之關聯性探討－以台灣上市上櫃公司為例，國立台灣大學會計研究所碩士班論文。
    趙子沛，2002，人力資本資訊揭露與市場績效關聯性之研究，國立中正大學會計學研究所碩士班論文。
    二、英文部分
    Abbey, A., and J. Discon. 1983. R&D work climate and innovation in semiconductors. Academy of Management Vol. 26(2): 362-368.
    Backhuijs, J. B., W. G. M. Holterman, R. S. Oudman, R. P. M. Overgoor, and S. M. Zijlstra. 1999. Reporting on intangible assets. International Symposium Measuring and Reporting Intellectual Capital: Experiences, OECD (Amsterdam, June)
    Bae, J., and J. Lawler. 2000. Organizational and HRM strategies in Korea: Impact on firm performance in an emerging economy. Academy of Management Journal Vol. 43(3): 502-517.
    Bates, A. 2002. What drives profit in franchising? Franchising World Vol. 34(3): 46-47.
    Berman, M., J. West, and X. Wang. 1999. Using performance measurement in human resource management. Review of Public Personnel Administration 19(2): 5-17.
    Bernstein, A., and J. Wild. 2000. Analysis of financial statements. McGraw-Hill.
    Bird, A., and S. Beechler. 1995. Links between business strategy and human resource management strategy in U.S.-based Japanese subsidiaries: an empirical investigation. Journal of International Business Studies 26(1): 23-46.
    Boer, P. 1999. The valuation of technology: business and financial issues in R&D, New York, NY: John Willey & Sons.
    Bontis, N., and J. Fitz-enz. 2002. Intellectual capital ROI: A causal map of human capital antecedents and consequents. Journal of Intellectual Capital 3(3): 223-247.
    Bradley, K. 1996. Intellectual capital and the new wealth of nations. Ph.D. dissertation, Open Business School, U.K.
    Christopher, B. 2001. Measuring the mission effect in human intellectual capital. Journal of Intellectual Capital Vol. 2(3): 320 -330.
    David, M., J. Jennifer, and P. Banfield.1993. Human resource development. W&K Publishing Co.
    Drizin, M., and A. Schneider. 2004. Understanding the connection between loyalty and profit. Employment Relations Today Vol. 30(4): 43-54.
    Edvinsson, L., and M. S. Malone. 1997. Intellectual capital: realizing your company’s true value by finding its hidden roots, Harper Collins.
    Fey, F., I. Bjorkman and A. Pavlovskaya. 2000. The effect of human resource management practices on firm performance in Russia. International Journal of Human Resource Management 11(1): 1-18.
    Heskett, J., T. Jones, G. Loveman, E.Sasser, and L. Schlesinger. 1994. Putting the service profit chain to work. Harvard Business Review (March-April): 164-174.
    Holzer, J., R. Block, M. Cheathea, and J. Knott. 1993. Are training subsidies for firms effective? The Michigan experience. Industrial and Labor Relations Review 46(4): 625-636.
    Johanson, U., G.. Eklov, M. Holmgren, and M. Martensson. 1999. Human resource costing and accounting versus the Balanced Scorecard: A literature survey of experience with the concepts. International Symposium Measuring Reporting Intellectual Capital: Experiences, OECD (Amsterdam, June)
    Joia, L. 2000. Using intellectual capital to evaluate educational technology aaaaprojects. Journal of Intellectual Capital Vol. 1(4): 341-356.
    Lado, A., and M. Wilson. 1994. Human resource systems and sustained competitive advantage: A competency-based perspective. The Academy of Management Review Vol. 19(4): 699-727.
    Leonard-Barton, D.1992. Core capabilities and core rigidities: a paradox in managing new product development. Strategic Management Journal Vol. 13(Summer): 111-125.
    Lev, B. 1996. Boundaries on financial reporting. SEC.
    Low, J. 2000. The value creation index. Journal of Intellectual Capital Vol. 1(3): 252-262.
    Mak, M., and S. Akhtar. 2003. Human resource management practices, strategic orientations, and company performance: A correlation study of publicity listed companies. Journal of American Academy of Business, Cambridge 2(Mar): 510-515.
    Mayo, A. 2000. The role of employee development in the growth of intellectual capital. Personnel Review 29(4): 521-533.
    Miller, M., B. D. DuPont, V. Fera, R. Jeffrey, B. Mahon, B. M. Payer, and A. Starr. 1999. Measuring and reporting intellectual capital from a diverse Canadian industry perspective. International Symposium Measuring Reporting Intellectual Capital: Experiences, OECD (Amsterdam, June)
    Millett, S. 1990. The strategy management of technological R&D: An ideal process for 1990`s. International Journal of Technology Management Vol. 5(2): 153-163.
    O`Donnell, D., P. O`Regan, B. Coates, T. Kennedy, and G. Berkery. 2003. Human interaction: The critical source of intangible value. Journal of Intellectual Capital 4(1): 82-99.
    Wah, L. 1999. Making knowledge stick. Management Review Vol. 88(5): 24.
    White, I., A. Sondhi, and D. Fried. 1998. The analysis and use of financial statements. John Wiley & Sons.
    Wier, B., D. Stone, and J. Hunton. 2002. Promotion and performance evaluation of managerial accountants. Journal of Management Accounting Research 14: 189-208.
    三、網站資料
    新華網，2003，http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/fortune/200310/24/content_1139996.htm
    描述: 碩士
    國立政治大學
    會計研究所
    91353023
    92
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0091353023
    数据类型: thesis
    显示于类别:[會計學系] 學位論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    35302301.pdf51KbAdobe PDF2671检视/开启
    35302302.pdf95KbAdobe PDF2859检视/开启
    35302303.pdf81KbAdobe PDF2685检视/开启
    35302304.pdf74KbAdobe PDF2718检视/开启
    35302305.pdf115KbAdobe PDF22060检视/开启
    35302306.pdf194KbAdobe PDF2824检视/开启
    35302307.pdf182KbAdobe PDF22014检视/开启
    35302308.pdf345KbAdobe PDF21251检视/开启
    35302309.pdf115KbAdobe PDF2866检视/开启
    35302310.pdf95KbAdobe PDF2930检视/开启
    35302311.pdf106KbAdobe PDF21013检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    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 ©   - 回馈