經過多年之爭論，對於「員工分紅費用化及相關酬勞費用化」之議題，於「財務會計準則第39號公報」(以下簡稱「39號公報」)發佈實施後，畫下句點。 本研究擬探討「員工分紅入股」與「員工認股選擇權」是否持續對台灣IC設計產業之公司具有激勵效果，此外，也將探討39號公報之實施是否對台灣IC設計產業之股價造成異常變動。 本研究並將分析台灣上市IC設計公司對於該公報實施之因應措施，及39號公報實施後該IC設計公司之股價是否有異常報酬。 實證結果有助於台灣IC設計產業因應員工分紅費用化，並持續保有產業競爭力。 With The arguments pertaining to the issue of "Expensing Employees’ Bonus and Related Remunerations" have come to an end, upon the announcement of SFAS No. 39 of financial accounting criterion ("SFAS No. 39"). This thesis explores such topics as to whether "Employee Bonus" and "Employe Stock Option" encourage the IC Design Industry to grow, and whether the announcement of SFAS No. 39 impacts the stock prices of IC Design Industry. This thesis also analyzes the responses of Taiwan IC Design Houses to SFAS No. 39, and the abnormal return, if any, generated as a result of the announcement of SFAS No. 39. Taiwan IC Design Industry would benefit from this research, in terms of its approach toward Expensing Employees’ Bonus. Competitive Strength of the Industry would therefore be preserved.
