臺灣博碩士論文加值系統

本文主要乃探討企業於研究發展費用支投入與公司治理因素的相關性；藉由2005至2014年之台灣上市櫃公司的年度資料，本文透過假說的設立與統計的測試來瞭解公司的研發費用與經理人的支配能力、獨立董事人數、大股東持股、法人持股與經理人持股等的可能關係。實證結果顯示，經理人的支配能力、獨立董事的人數及持股比率等相關變數皆與企業的研發費用之投入有著顯著的相關性，這些研究結果肯定了公司治理變數對於企業的研究發發展活動確實有著顯著的影響力。

This article examines the influence of corporate governance variables on firm R&D expenditure in Taiwan during the period from 2005 to 2014.
Empirical results in this thesis indicate that the managerial control, the number of independent directors on board, and the ownership structure all haves a significant relation with firms’ R&D expenditure. The number of the independent directors in the board has a positive influence on the R&D investment. All these findings confirm that corporate governance variables indeed alter firms’ R&D activities and lead us to understand what specific governance mechanisms would result in R&D expenditure in Taiwan in recent years.

壹、緒論 1
貳、文獻探討與假說 3
參、研究方法與樣本 7
一、實證方法與模型 7
二、變數解釋 8
三、研究樣本與期間 11
肆、實證結果 13
一、敘述性統計分析 13
二、相關係數分析 14
三、模型迴歸分析 18
四、調整分析 20
五、電子業 24
六、金融海嘯 28
伍、結論 30
陸、參考文獻 33

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