臺灣博碩士論文加值系統

財務報表是投資者了解公司營運狀況的管道之一，而財務報表主要是由財會主管所負責。財會主管可能因為績效優異而獲得晉升，或是績效不佳而被異動，但影響財會主管異動的原因並不僅侷限於績效的好壞，因此本研究欲探討各種不同的財會主管異動原因與公司績效的關聯性。
本研究以2000年至2006年之上市（櫃）公司為樣本，探討財會主管異動原因與公司績效的關係。其中公司績效分別以會計績效及市場績效進行檢測，而異動原因取自公開資訊觀測站，主要分為離職、調職、晉升、退休及其他，針對這些異動原因探討財會主管異動前及異動宣告時之公司績效。
研究結果顯示當公司的市場績效及會計績效皆不佳時，財會主管離職機會較大；而當公司的會計績效比其他企業來的高且穩定成長時，財會主管可能會獲得晉升，但當會計績效比其他公司來的高，市場績效有下滑的現象時，公司則可能會爲了將營運狀況做一番調整，而調動財會主管；另外，財會主管退休前會計績效及市場績效與產業沒有顯著差異。

Financial reporting is one of the channels for investors to understand the economic reality of firms and is prepared by Chief Financial Officers. The turnover of CFO may be triggered by either excellent or poor performance. However, the reasons for CFO turnover are not limited to firm performance. Therefore, this study examines the relationship between various reasons for CFO turnover and firms performance.
The sample of this study was selected from listed companies in Taiwan to examine from year 2000 to year 2006. The proxies of firm performance are operating performance and stock market performance. In addition, the reasons for CFO turnover are divided into five categories, including quit, reassign, promote, retire and others.
The result indicates that the quits of CFO associate with poor stock market performance and operating performance, and the promotions of CFO associate with better and steady growth in operating performance competed with other firms. In addition, the reassigns of CFO associate with declined stock market performance. Moreover, there is no association between the retirements of CFO and firms performance.

謝辭 I
中文摘要 II
Abstract III
目錄 IV
表目錄 V
圖目錄 VI
第壹章 緒論 1
第一節 研究動機 1
第二節 研究目的 3
第三節 論文架構 5
第貳章 文獻探討 7
第一節 高階主管異動與公司績效 7
第二節 高階主管異動原因 9
第三節 公司績效指標 13
第參章 研究方法與設計 15
第一節 研究假說 15
第二節 研究方法 19
第三節 變數定義 21
第四節 樣本選取與資料來源 24
第肆章 研究結果 25
第一節 敘述統計量 25
第二節 研究結果 27
第三節 額外分析 42
第伍章 結論與研究限制 45
第一節 研究結論 45
第二節 研究貢獻 46
第三節 研究限制與建議 47
參考文獻 48

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