臺灣博碩士論文加值系統

本研究主要檢驗台灣在強制採用國際會計準則(IFRS)後，是否會影響高管薪酬對會計績效之敏感度。過去文獻指出高管薪酬是否會以會計績效作為衡量基礎，決定於會計績效指標是否能捕捉經理人努力之程度。本研究推論採用國際會計準則後將提高盈餘品質，進而促進高管薪酬以盈餘數字訂定獎酬契約之效率。研究結果發現：第一、強制採用國際會計準則後，薪酬對會計績效敏感度會提高。第二、前者之效果，主要來自採用國際會計準則後盈餘提高之公司。第三、採用國際會計準則後，董事會中外資董事比例，與薪酬對會計績效敏感度呈正向關係。

This study examines whether and how mandatory IFRS adoption in Taiwan affects the contractual usefulness of earnings information in executive compensation, as measured in pay-performance sensitivity (PPS). Extant studies indicate that the decision to use accounting performance measures in the executive compensation depends on how informative it is about the manger’s action. We posit that the transition from ROC GAAP to IFRS improves the quality of earnings, which in turn facilitates executive compensation contracting. The empirical results indicate an increase in accounting-based PPS during post-IFRS periods. We also find that the changes in executive contracts are mainly attributed to firms which experience greater increase in earnings quality during post-IFRS periods. Additionally, the increase in accounting-based PPS post to mandatory IFRS adoption is positively associated with the ratio of foreign boards.

壹、緒論 1
貳、文獻回顧與假說設立 5
一、文獻回顧 5
二、假說建立 7
參、研究設計 9
一、模型設計 9
二、資料來源 12
肆、實證結果 13
一、敘述性統計 13
二、實證模型之迴歸結果 13
伍、結論、限制與未來建議 19
參考文獻 21

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