實證結果顯示，監督機制與公司績效大部分呈現正向關係，表示公司監督機制越完善，公司績效越好；高階經理人的激勵薪與公司績效亦呈現正向關係，表示高階經理人激勵薪比例越高，公司績效越好；另外在監督機制與高階經理人激勵薪制度下，皆能使公司績效增加，結果顯示此二機制並無法完全替代。 ;Due to the worldwide companies have occurred financial scandals continue to occur abroad, academic and business community began to pay attention to the review of corporate governance, the hope of solving the problem the agency problem in order to avoid business failure crisis. There are two effective ways to solve the agency problem. One is using to increase the proportion of incentive compensation to motivate senior managers, the other one is using monitoring mechanism to let senior managers make efforts on business goals. The purpose of this study is to focus on the relationship between monitoring mechanisms, incentive compensation for senior managers and corporate performance. The findings of our research are as follows: (1) Monitoring mechanisms are positive impact corporate performance. (2) Incentive compensation for senior managers are positive impact corporate performance. (3) For corporate performance, monitoring mechanisms and incentive compensation for senior managers are not significant substitute relationship.
