經理人過度自信對於員工福利影響：以公司治 理績效作為調節變數

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：97

、訪客IP：3.129.25.104

姓名

余冠宏(Guang-Hong Yu) 查詢紙本館藏

畢業系所

會計研究所

論文名稱

經理人過度自信對於員工福利影響：以公司治理績效作為調節變數
(The Relationship between Overconfident CEOs and Employee Benefits：Use Corporate Governance as a Moderator)

相關論文

★ 投資人對現金增資的反應	★ 審計委員會品質和會計師產業專精對盈餘管理之影響：會計師產業專精之中介效果
★ 租稅庇護區對企業之影響－以台灣上市公司為例	★ 關鍵查核事項對會計師訴訟風險的影響
★ 內部控制缺失、碳風險與財務成本：氣候變遷因應法修法之影響	★ 企業社會責任分數的改變、第三方認證機構與投資人意願之關聯性研究
★ 經理人特質對於企業社會責任影響：女性董事之調節效果	★ 經理人特質對於內部及外部企業社會責任的影響
★ 事務所合併對審計公費、審計品質與客戶股價之影響-以非大型事務所合併案為例	★ 市場對涉及重編會計師負面反應之傳染效果
★ 企業社會責任績效對於財務績效影響:以董監事責任險作為調節變數	★ 康友-KY審計失敗對審計品質之影響

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

[檢視]

[下載]

本電子論文使用權限為同意立即開放。
已達開放權限電子全文僅授權使用者為學術研究之目的，進行個人非營利性質之檢索、閱讀、列印。
請遵守中華民國著作權法之相關規定，切勿任意重製、散佈、改作、轉貼、播送，以免觸法。

摘要(中)

本研究探討過度自信經理人與員工福祉之間的關聯性，同時進一步討論公司治理對這兩者之間關係的影響。以2015 年至2019 年於台灣經濟新報資料庫(TEJ)之上市櫃公司為研究對象，實證結果發現：(1)企業經理人具有過度自信傾向時，愈有可能忽視員工福祉(2)在給定過度自信經理人與員工福祉呈負向關聯時，加入公司治理績效對於上述情況並沒有調解效果，發現即便是具有良好治理績效的企業在做CSR 時，可能仍傾向外顯的CSR 層面，而不是以內部層面的CSR 為主。

摘要(英)

This study explores the relationship between overconfident managers and employee benefits. In addition, this study investigates the effect of corporate governance on the relationship between overconfident managers and employee benefits.
Using public-listed companies in Taiwan during 2015 to 2019 as the research sample, the empirical results found that when managers demonstrate the characteristic of overconfidence, they are more likely to ignore employee benefits, however, the results did not found a significate positive moderating effect of corporate governance given that overconfident CEOs is negatively related to employee benefits. This finding may indicate that even companies with better corporate governance they may still prefer to invest external CSR activities rather than internal CSR activities.

關鍵字(中)

★ 企業社會責任
★ 員工福祉
★ 公司治理績效
★ 過度自信經理人

關鍵字(英)

★ Corporate Social Responsibility (CSR)
★ Employee benefits
★ Corporate Governance
★ Overconfident managers

論文目次

摘要 ............................ ..... i
ABSTRACT ......................... .... ii
致謝 .............................. ... iii
目錄 ............................... ... iv
表目錄 ............................. .... v
壹、緒論 .......................... .... 1
貳、文獻探討與假說發展 ............. .... 6
2.1 過度自信經理人與員工福祉之關聯性 ............................. .......... 6
2.2 公司治理對過度自信經理人與員工福祉關聯性的影響 ............................. .......... 9
參、研究方法與資料來源 ............................................ .. 12
3.1 研究對象與資料來源 ................................................12
3.2 變數定義 ................................................12
3.3 研究模型 ................................................16
肆、實證結果與分析 ............................................ .. 17
4.1 敘述性統計 ................................................17
4.2 相關係數分析..............................................18
4.3 假說一實證結果 ................................................20
4.4 假說二實證結果 ............................................ ...22
4.5 敏感性分析 .............................................. .24
伍、結論 ................................... .. 31
5.1 結論 .............................. .........31
5.2 研究限制與建議 ...............................32
參考文獻 .................................... .. 33

參考文獻

陳振遠, 王健聰, & 洪世偉. (2017). 公司治理對於企業社會責任, 公司價值之影
響. 中山管理評論, 25(1), 135-176.
劉美纓, 丁碧慧, & 朱奐聿. (2014). 企業社會責任與公司治理, 公司績效之關連
性研究. 科際整合管理研討會, 17-30.
鐘寧樺. (2012). 公司治理與員工福利: 來自中國非上市企業的證據. 經濟研
究, 12, 138-152.
Alimo‐Metcalfe, B., Alban‐Metcalfe, J., Bradley, M., Mariathasan, J., & Samele, C.
(2008). The impact of engaging leadership on performance, attitudes to work
and wellbeing at work: A longitudinal study. Journal of Health Organization
and Management, 22(6), 586–598.
Al‐Shammari, M., Rasheed, A., & Al‐Shammari, H. A. (2019). CEO narcissism and
corporate social responsibility: Does CEO narcissism affect CSR focus? Journal
of Business Research, 104, 106–117.
Bear, S., Rahman, N., & Post, C. (2010). The Impact of Board Diversity and Gender
Composition on Corporate Social Responsibility and Firm Reputation. Journal
of Business Ethics, 97(2), 207–221.
Bernardi, R. A., & Threadgill, V. H. (2011). Women Directors and Corporate Social
Responsibility. EJBO : Electronic Journal of Business Ethics and Organizational
Studies.
Bonazzi, L., & Islam, S. M. N. (2007). Agency theory and corporate governance: Astudy of the effectiveness of board in their monitoring of the CEO. Journal of
Modelling in Management, 2(1), 7–23.
Boutin‐Dufresne, F., & Savaria, P. (2004). Corporate Social Responsibility and Financial
Risk. The Journal of Investing, 13(1), 57–66.
Bradley, S. W., Shepherd, D. A., & Wiklund, J. (2011). The Importance of Slack for New
Organizations Facing ‘Tough’ Environments. Journal of Management Studies,
48(5), 1071–1097.
Brown, R., & Sarma, N. (2007). CEO overconfidence, CEO dominance and corporate
acquisitions. Journal of Economics and Business, 59(5), 358–379.
Campello, M., Lin, C., Ma, Y., & Zou, H. (2011). The Real and Financial Implications of
Corporate Hedging. The Journal of Finance, 66(5), 1615–1647.
Chen, G., Treviño, L. K., & Hambrick, D. C. (2009). CEO elitist association: Toward a
new understanding of an executive behavioral pattern. The Leadership
Quarterly, 20(3), 316–328.
Cochran, P. L., & Wood, R. A. (1984). Corporate Social Responsibility and Financial
Performance. Academy of Management Journal, 27(1), 42–56.
Daily, C. M., Certo, S. T., & Dalton, D. R. (1999). A decade of corporate women: Some
progress in the boardroom, none in the executive suite. Strategic
Management Journal, 20(1), 93–100.
Das, S., Dixon, R., & Michael, A. (2015). Corporate Social Responsibility Reporting: A
Longitudinal Study of Listed Banking Companies in Bangladesh (SSRN
Scholarly Paper ID 2579814). Social Science Research Network.
Denis, D. K. (2001). Twenty‐five years of corporate governance research … and
counting. Review of Financial Economics, 10(3), 191–212.
Elyasiani, E., & Jia, J. (2010). Distribution of institutional ownership and corporate
firm performance. Journal of Banking & Finance, 34(3), 606–620.
Falk, H., & Gordon, L. A. (1977). Imperfect Markets and the Nature of Goodwill.
Journal of Business Finance & Accounting, 4(4), 443–462.
Fama, E. F., & Jensen, M. C. (1983). Agency Problems and Residual Claims. The
Journal of Law and Economics, 26(2), 327–349.
Fauzi, H., Mahoney, L. S., & Abdul Rahman, A. (2009). Institutional Ownership and
Corporate Social Performance: Empirical Evidence From Indonesian
Companies (SSRN Scholarly Paper ID 1489310). Social Science Research
Network.
Ferreira, M. A., & Matos, P. (2008). The colors of investors’ money: The role of
institutional investors around the world. Journal of Financial Economics,
88(3), 499–533.
Fuerst, O., & Kang, S.‐H. (2004). Corporate Governance, Expected Operating Performance, and Pricing (SSRN Scholarly Paper ID 141357). Social Science
Research Network.
Gerstner, W.‐C., König, A., Enders, A., & Hambrick, D. C. (2013). CEO Narcissism,
Audience Engagement, and Organizational Adoption of Technological
Discontinuities. Administrative Science Quarterly, 58(2), 257–291.
Godfrey, P. C., Merrill, C. B., & Hansen, J. M. (2009). The relationship between
corporate social responsibility and shareholder value: An empirical test of the
risk management hypothesis. Strategic Management Journal, 30(4), 425–445.
Gorden, W. I., Anderson, C. M., & Bruning, S. D. (1992). Employee perceptions of
corporate partnership: An affective‐moral quid pro quo. Employee
Responsibilities and Rights Journal, 5(1), 75–85.
Gul, F. A., Krishnamurti, C., Shams, S., & Chowdhury, H. (2020). Corporate social
responsibility, overconfident CEOs and empire building: Agency and
stakeholder theoretic perspectives. Journal of Business Research, 111, 52–68.
Gupta, K., & Krishnamurti, C. (2018). Does corporate social responsibility
engagement benefit distressed firms? The role of moral and exchange capital.
Pacific-Basin Finance Journal, 50, 249–262.
Hambrick, D. C., & Mason, P. A. (1984). Upper Echelons: The Organization as a
Reflection of Its Top Managers. Academy of Management Review, 9(2), 193–206.
Harjoto, M. A., & Jo, H. (2011). Corporate Governance and CSR Nexus. Journal of
Business Ethics, 100(1), 45–67. https://doi.org/10.1007/s10551‐011‐0772‐6
Heaton, J. B. (2005). Chapter 19. Managerial Optimism and Corporate Finance. In
Advances in Behavioral Finance, Volume II (pp. 667–684). Princeton University
Press.
Htay, S. N. N., Rashid, H. M. Ab., Adnan, M. A., & Meera, A. K. M. (2012). Impact of
Corporate Governance on Social and Environmental Information Disclosure of
Malaysian Listed Banks: Panel Data Analysis. Asian Journal of Finance &
Accounting, 4(1), 1–24.
Jensen, M. C., & Meckling, W. H. (1976a). Theory of the firm: Managerial behavior,
agency costs and ownership structure. Journal of Financial Economics, 3(4),
305–360.
Jensen, M. C., & Meckling, W. H. (1976b). Theory of the firm: Managerial behavior,
agency costs and ownership structure. Journal of Financial Economics, 3(4),
305–360.
Jo, H., & Harjoto, M. A. (2012). The Causal Effect of Corporate Governance on
Corporate Social Responsibility. Journal of Business Ethics, 106(1), 53–72.
Julian, S. D., & Ofori‐dankwa, J. C. (2013). Financial resource availability and corporate social responsibility expenditures in a sub‐Saharan economy: The
institutional difference hypothesis. Strategic Management Journal, 34(11),
1314–1330.
Kabongo, J. D., Chang, K., & Li, Y. (2013). The Impact of Operational Diversity on
Corporate Philanthropy: An Empirical Study of U.S. Companies. Journal of
Business Ethics, 116(1), 49–65.
Khan, H. (2010). The effect of corporate governance elements on corporate social
responsibility (CSR) reporting: Empirical evidence from private commercial
banks of Bangladesh. International Journal of Law and Management, 52(2),
82–109.
Lins, K. V., Servaes, H., & Tamayo, A. (2017). Social Capital, Trust, and Firm
Performance: The Value of Corporate Social Responsibility during the
Financial Crisis. The Journal of Finance, 72(4), 1785–1824.
Lu, Y., & Abeysekera, I. (2014). Stakeholders’ power, corporate characteristics, and
social and environmental disclosure: Evidence from China. Journal of Cleaner
Production, 64, 426–436.
Malmendier, U., & Tate, G. (2005). CEO Overconfidence and Corporate Investment.
The Journal of Finance, 60(6), 2661–2700.
Malmendier, U., Tate, G., & Yan, J. (2007). Corporate Financial Policies With Overconfident Managers (No. w13570). National Bureau of Economic
Research.
Manner, M. H. (2010). The Impact of CEO Characteristics on Corporate Social
Performance. Journal of Business Ethics, 93(1), 53–72.
Marquis, C., & Lee, M. (2013). Who is governing whom? Executives, governance, and
the structure of generosity in large U.S. firms. Strategic Management Journal,
34(4), 483–497.
McCarthy, S., Oliver, B., & Song, S. (2017). Corporate social responsibility and CEO
confidence. Journal of Banking & Finance, 75, 280–291.
McWilliams, A., Siegel, D. S., & Wright, P. M. (2006). Corporate Social Responsibility:
Strategic Implications*. Journal of Management Studies, 43(1), 1–18.
Park, J. W., & Lee, C. W. (2018). Performance of stock price with changes in SRI
governance index. Corporate Social Responsibility and Environmental
Management, 25(6), 1121–1129.
Petrenko, O. V., Aime, F., Ridge, J., & Hill, A. (2016). Corporate social responsibility or
CEO narcissism? CSR motivations and organizational performance. Strategic
Management Journal, 37(2), 262–279.
Ratner, B. (2009). The correlation coefficient: Its values range between +1/−1, or do
they? Journal of Targeting, Measurement and Analysis for Marketing, 17(2),139–142.
Reguera‐Alvarado, N., de Fuentes, P., & Laffarga, J. (2017). Does Board Gender
Diversity Influence Financial Performance? Evidence from Spain. Journal of
Business Ethics, 141(2), 337–350.
Shu, P.‐G., & Chiang, S.‐J. (2020). The impact of corporate governance on corporate
social performance: Cases from listed firms in Taiwan. Pacific-Basin Finance
Journal, 61, 101332.
Tang, Y., Qian, C., Chen, G., & Shen, R. (2015). How CEO hubris affects corporate
social (ir)responsibility. Strategic Management Journal, 36(9), 1338–1357.
van Herpen, E., Pennings, J. M. E., & Meulenberg, M. T. G. (2003). Consumers’
evaluations of socially responsible activities in retailing (No. 1825‐2016–
147062). AgEcon Search.
Wei, J., Ouyang, Z., & Chen, H. A. (2018). CEO characteristics and corporate
philanthropic giving in an emerging market: The case of China. Journal of
Business Research, 87, 1–11.
Weir, C., & Laing, D. (2001). Governance structures, director independence and
corporate performance in the UK. European Business Review, 13(2), 86–95.

指導教授

劉乃熒(Nai-Yng Liu)

審核日期

2021-6-17

推文