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研究生:劉孟婷
研究生(外文):Meng-TingLiu
論文名稱:導入國際財務報導準則與薪酬績效敏感度之關聯
論文名稱(外文):The Relation between IFRS adoption and Pay-Performance Sensitivity
指導教授:郭啟賢郭啟賢引用關係
指導教授(外文):Chii-Shyan Kuo
學位類別:碩士
校院名稱:國立成功大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2015
畢業學年度:103
語文別:中文
論文頁數:55
中文關鍵詞:國際財務報導準則薪酬績效敏感度薪酬委員會品質
外文關鍵詞:International Financial Reporting StandardsPay-performance sensitivityCompensation committee quality
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  本研究係探討我國採用國際財務報導準則後,CEO薪酬中會計績效之績效敏感度是否會有所變化。以2010年至2013年台灣上市櫃公司為研究對象,實證結果指出採用國際財務報導準則後CEO之會計績效薪酬敏感度顯著下降,顯示國際財務報導準則大量採用公允價值,使得會計盈餘受到來自市場面的影響,使得財務報表之所提供資訊多反應市場變化,盈餘數字出現過多雜訊,而無法對經理人績效提供有用之資訊。
  由於薪酬委員會之設立與強制採用國際會計準則時點重疊,兩者皆可能對經理人薪酬績效敏感度造成影響,因此本研究進一步探討採用國際會計準則之後,薪酬委員會之品質高低是否會影響CEO薪酬與會計績效之連結。研究結果發現採用IFRS後薪酬委員會品質越佳,越能提升CEO薪酬與會計績效敏感度,表示薪酬委員會能發揮監督經理人薪酬之功能。

The paper investigates whether the mandatory adoption International Financial Reporting Standards changes the weight on accounting-based performance sensitivity in executive compensation. Using a sample of Taiwanese-listed firms from 2010 to 2013, the empirical result indicates a significant decrease in accounting-based performance sensitivity after adoption. IFRS places greater reliance on fair value accounting. Accounting earnings is affected by market-wide activities.

Because IFRS adds noise to accounting number, it can’t provide useful information about managerial performance.
Because the establishment of compensation committee and IFRS adoption occur at the same time, both of them probably affect CEO’s pay-performance sensitivity. As a result, the paper further investigates whether the quality of compensation committee affect the association between CEO’s compensation and accounting performance. Our result suggests the higher compensation committee quality enhances the relation between top executives’ compensation and accounting-based performance sensitivity after IFRS adoption. Compensation committee plays an important role in monitoring the executives’ compensation.
第一章 緒論 1
第一節 研究動機與目的 1
第二節 研究架構 3
第三節 研究流程 4
第二章 文獻回顧與假說發展  5
第一節 國際財務報導準則、會計品質、經理人薪酬 5
第二節 薪酬委員會與薪酬績效敏感度 14
第三章 研究方法 19
第一節 研究樣本與資料來源  19
第二節 實證模型與變數定義  21
第四章 實證結果分析 28
第一節 敘述性統計 28
第二節 實證分析 34
第三節 額外測試 41
第五章 結論與建議 45
第一節 研究結論 45
第二節 研究建議與限制 46
參考文獻 48


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