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姓名	邱玳琳(Tai-lin Chiu)  查詢紙本館藏	畢業系所	會計研究所
論文名稱	選擇權及限制型股票薪酬對會計穩健性之影響-在 FAS123R改革前後 (The effect of options and restricted stocks compensation on accounting conservatism: Evidence from FAS123-R)
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摘要(中)	本文探討選擇權及限制型股票薪酬對會計穩健性之影響。使用績效薪酬佔總薪酬變數及績效薪酬相對比例測試其對會計穩健性之不同意義。實證結果顯示選擇權績效薪酬減少會計穩健性，限制型股票績效薪酬增加會計穩健性，其主要導因於薪酬獲利曲線特性，選擇權具無上限獲利曲線特性，使經理人有提升股價之較高誘因。我們發現在FAS123-R實施前，選擇權績效薪酬增加會計穩健性，限制型股票績效薪酬則減少會計穩健性，FAS123-R實施後則反之，FAS123-R改革大幅減少選擇權之財報誘因，同採公允價值衡量後，純導因於獲利曲線特性為之。本研究之意涵為未來公司內部設計獎酬制度之建議，提供員工績效薪酬影響會計穩健性之證據，公司獎酬制度應將會計穩健性及員工獎酬特性納入考量。
摘要(英)	We provide evidences on the relationship between the performance-related compensation and accounting conservatism. Our results do support that using more option compensations would decrease the accounting conservatism. On the contrary, company using more restricted stocks would have higher accounting conservatism. The main reason leading to the result is the profit curve of options and restricted stocks. For the options, the profit curve has no limit on the top. Manager has more incentives to raise the stock price. We found that using more option compensation would increase the accounting conservatism before the implement of FAS123-R. However, after the implement of FAS123-R, using more option compensation would decrease the accounting conservatism. The implement of FAS123-R significantly reduce the incentives of earnings for using option evaluated by intrinsic value methods. Since both option and restricted compensation evaluated by fair value methods, the effect of performance-related compensation on accounting conservatism would mainly lead by the profit curve. We provide the suggestion on the compensation design. Company should consider the accounting conservatism and the feature of different compensation into the consideration when establishing the regulation of compensation.
關鍵字(中)	★ 選擇權 ★ 限制型股票 ★ 員工績效薪酬 ★ 會計穩健性 ★ FAS123-R	關鍵字(英)	★ options ★ restricted stocks ★ compensation ★ accounting conservatism ★ FAS123-R
論文目次	目錄 頁次 摘要 i Abstract ii 目錄 iv 圖目錄 vi 表目錄 vii 第一章、緒論 1 1-1 研究背景、動機與目的 1 1-2 研究架構 5 第二章、會計穩健性、FAS123-R與美國選擇權醜聞 6 2-1 會計穩健性定義 6 2-2 FAS123-R之改革 8 2-3 美國選擇權醜聞 10 第三章、文獻探討 13 第四章、研究設計 18 4-1 研究設計、樣本標準與資料蒐集 18 4-2 模型發展及變數衡量 18 伍、實證結果 22 5-1 敘述性統計 22 5-2實證分析結果 24 5-3敏感性分析 28 5-3-1使用不同方法衡量薪酬 28 5-3-2控制時間序列影響 33 陸、結論 33 參考文獻 35
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[中文部分] [1] 林宛瑩、許崇源、戚務君與潘虹華，2012，「穩健會計對員工分紅之影響」 會計評論，第五十五期：37-39。 [2] 林淑惠與胡星陽，2003，「上市公司高階經理人之酬勞結構」，經濟論文，第三十一期：171-206。 [3] 許崇源與陳昭蓉，2008，「員工分紅、公司治理與未來績效」，中山管理評論，第一百六十四期：671-702。
指導教授	王曉雯(Hsiao-wen Wang)	審核日期	2014-7-4
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