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姓名 金立勳(Li-shiun Chin)  查詢紙本館藏   畢業系所 企業管理學系
論文名稱 董事會特性對薪酬揭露透明度之影響
(The Impact of Board of Director Characteristic on the Disclosure Level of Compensation Practices)
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摘要(中) 本研究欲檢視董事會特性對薪酬揭露透明度關係,分別以四種董事會特性來衡量:(1)董事兼任公司高階經理人的比例,(2)董事長兼任總經理,(3)董事會規模,(4)外部董事持股比例。實證結果顯示:董事兼任公司高階經理人的比例與薪酬揭露透明度呈顯著負相關;董事長兼任CEO與薪酬揭露透明度亦呈顯著負相關;董事會規模與薪酬揭露透明度則無顯著相關;最後,外部董事持股與薪酬揭露透明度呈顯著正相關。此外,本文亦探討薪酬揭露透明度與薪酬水準間的關係。結果顯示,薪酬揭露透明度與總薪酬、現金薪酬呈顯著負相關;而薪酬揭露透明度與股票薪酬則無顯著相關。
摘要(英) This study investigates the impact of board of director characteristic on the voluntary disclosure level of compensation practices and how this disclosure level influences the level of executive compensation. We focus on four board of director characteristics: (1) percentage of insiders on the board (2) separation of chairman and CEO positions (3) board size (4) outside director ownership. The results document that the percentage of insiders on the board is negatively related to the disclosure level of compensation practices, and CEO/chair separation is negatively related to the disclosure level. Board size is unrelated to the disclosure level. Board size is unrelated to the disclosure level. Outside director ownership is positively related to the disclosure level. In addition, this study finds that the compensation disclosure level is negatively related to executive compensation level.
關鍵字(中) ★ 薪酬水準
★ 薪酬揭露透明度
★ 董事會特性
關鍵字(英) ★ compensation level
★ the disclosure level of compensation practices
★ board of director characteristic
論文目次 中文摘要 i
英文摘要 ii
目錄 iii
表目錄 iv
一、 緒論 1
二、 文獻回顧 3
2.1 代理問題與董事會 3
2.2 董事會獨立性(Independence)與監督誘因(Monitoring incentives) 4
2.3 國內薪酬揭露規定 5
2.4 薪酬揭露透明度對薪酬之影響 6
三、 假說發展 8
四、 選樣與研究設計 11
4.1 樣本與研究期間 11
4.2 實證模式與變數定義 11
五、 實證結果分析 16
5.1 敘述統計 16
5.2 董事會特性對薪酬揭露透明度之實證結果 28
5.3 薪酬揭露透明度等級與薪酬水準之實證結果 31
六、 結論與建議 35
參考文獻 37
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指導教授 曹壽民(Shou-min Tsao) 審核日期 2011-6-20
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