臺灣博碩士論文加值系統

本研究主要在探討台灣上市公司為負面勞資關係事件宣告對股價的影響，實證發現董事長內部化、董監事酬勞佔稅前淨利比率和公司規模對負面勞資關係事件發生有顯著正向的影響，外資持股比率則對負面勞資關係有顯著負向的影響。市場對於負面的勞資關係事件宣告有顯著負面的股價反應，董事長內部化愈高的公司，負面勞資關係事件發生會有較大的負累積異常報酬發生，而外資持股比率和獲利能力愈高也會有較大的負累積異常報酬發生。

This study investigate the effects of negative labor relations events on stock prices for Taiwan's listed companies with the sample period of 2002 to 2014. Firstly, we analyze factors that influence the negative labor relations events employ with the logistic model. We conclude that chairman internalize, compensation of directors and supervisors to net income before tax and firms size have significant positive influence on the probability negative labor relations event, but significant negative the foreign ownership.
After the announcement effect of negative labor relations events, the negative labor relations events have a negative stock price reaction. The impact of the negative labor relations events announcement effect, chairman internalize have a greater negative cumulative abnormal returns, and higher foreign ownership and profitability will have a greater negative cumulative abnormal returns.

目 錄
第一章 緒論 I
第一節 研究動機 I
第二節 研究目的 8
第二章 文獻探討 11
第一節 企業社會責任與公司價值 11
第二節 企業社會責任與經營績效 15
第三節 企業社會責任事件的宣告效果 16
第三章 資料來源與研究設計 19
第一節 資料來源 19
第二節 研究設計 20
第四章 實證結果與分析 25
第一節 影響負面勞資關係事件的因素 25
第二節 負面勞資關係事件的宣告效果 29
第三節 影響負面勞資關係事件宣告效果的因素 32
第五章 結論與建議 35
參考文獻 37


表 目 錄

表1負面勞資關係事件年度分配表 19
表2 研究變數衡量 21
表3 變數敘述統計 26
表4 變數相關係數表 27
表5影響負面勞資關係事件的因素迴歸結果 29
表6勞資關係事件的宣告效果 30
表7不同窗口累積異常報酬檢定 32
表8影響負面勞資關係宣告效果的迴歸結果 34

 
圖 目 錄

圖1 勞資關係事件宣告平均異常報酬走勢圖 31
圖2勞資關係事件宣告平均累積異常報酬走勢圖 31

 

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