跳到主要內容

臺灣博碩士論文加值系統

(18.97.14.91) 您好!臺灣時間:2025/02/19 19:30
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果 :::

詳目顯示

: 
twitterline
研究生:張俐音
研究生(外文):Chang, Li-Yin
論文名稱:競爭策略與控制權偏離對管理者與員工薪酬關係之影響
論文名稱(外文):The Impact of the Competitive Strategy and Control Right Divergence on the Pay Relationship between Managers and Employees
指導教授:汪進揚汪進揚引用關係
指導教授(外文):Uang, Jinn-Yang
口試委員:傅澤偉李慕萱汪進揚
口試委員(外文):FU, TZE-WEILEE, MUSHANGUANG, JINN-YANG
口試日期:2019-06-21
學位類別:碩士
校院名稱:中國文化大學
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:2019
畢業學年度:107
語文別:中文
論文頁數:49
中文關鍵詞:競爭策略控制權偏離員工管理者薪酬
外文關鍵詞:competitive strategycontrol right divergenceemployeemanagerpay
相關次數:
  • 被引用被引用:2
  • 點閱點閱:351
  • 評分評分:
  • 下載下載:2
  • 收藏至我的研究室書目清單書目收藏:1
本研究在於檢測競爭策略與控制權偏離對管理者與員工薪酬
關係之影響。研究樣本為2012-2017 年台灣證券交易所上市公
司,競爭策略區分為成本領導、差異化、成本領導且差異化以及
無明顯策略等4 種,控制權偏離以控制股東控制權與盈餘分配權
之差異為衡量。實證結果顯示,競爭策略會影響管理者與員工薪
酬比率;成本領導策略公司之管理者與員工薪酬比率最大,而差
異化策略公司最小,此結果表示採成本領導策略公司,會傾向壓
低非管理階層之人力成本,而採差異化策略公司,其管理階層較
願意與員工分享經濟利益。另本研究也發現,控制權偏離會影響
管理者與員工薪酬比率;控制權愈偏離之公司,其管理者與員工
薪酬比率愈小,表示控制權愈偏離之公司,愈願意將公司利益與
員工分享。
This study examines the impact of competitive strategies and control right divergence on managerial pay to employee pay (MPEP). The sample used in this paper is firms trading on the Taiwan Stock Exchange in the period from 2012 to 2017. Competitive strategies are classified into four types: cost leadership, differentiation, cost leadership and differentiation, and no obvious strategy. Control right divergence is measured by the difference between the control rights and cash-flow rights of the controlling shareholder.The findings show that competitive strategies affect MPEP. Companies adopting cost leadership strategy have the highest MPEP and firms with differentiation strategy have
the smallest one. Such results indicate that companies with cost leadership strategy tend to reduce the labor cost of non-management, while firms with differentiation strategy are more willing to share their profits to employees by raising the level of pay. In addition, the results demonstrate that control right divergence affects MPEP, indicating that firms having larger control right divergence experience lower MPEP. Such results imply that firms with larger control right divergence are more willing to share profits with their employees.
內容目錄
誌謝辭 .................... iii
中文摘要 .................... iv
英文摘要 .................... v
內容目錄 .................... vi
表目錄 .................... viii
圖目錄 .................... ix
第一章 緒論.................. 1
第一節 研究背景與動機........... 1
第二節 研究目的.............. 3
第三節 研究流程與章節架構......... 4
第二章 文獻探討與假說發展........... 6
第一節 管理者與員工薪酬關聯性....... 6
第二節 競爭策略對管理者與員工薪酬關係之影響 8
第三節 控制權偏離對管理者與員工薪酬關係之影
響................. 13
第三章 研究設計與方法............. 17
第一節 樣本與資料選取........... 17
第二節 變數操作性定義........... 19
第三節 實證模式.............. 26
第四章 實證結果與分析............. 28
第一節 敘述性統計............. 28
第二節 相關分析.............. 29
第三節 假說檢定.............. 32
第四節 額外分析.............. 37
第五章 結論與建議............... 41
參考文獻 .................... 43
參 考 文 獻
一、中文部分
方軍雄(2011),高管權力與企業薪酬變動的非對稱性,經濟研究,4,107-120。

朱英男(2015),公司高管與员工薪酬差距的影響因素—基於中小企業上市公司數據的實證分析,山東大學經濟學研究所未出版之碩士論文,1-31。

李德冠,陳禹竹, 陳計良,張慧珊(2015),董事會職能與獨立董事角色:從企業競爭策略和獨立董事背景來探討,證券市場發展季刊,27(4),43-79。

林慧茹(2018),高階管理團隊與員工超額酬勞關聯性:股份盈餘偏離與員工生產力之調節效果,中國文化大學會計學系研究所未出版之碩士論文,1-57。

高惠松,詹照潔(2013),不景氣時期之高階經理人薪酬結構與公司未來績效,東吳經濟商學學報,80,81-117。

張瑞當,方俊儒,曾玉琦(2007),核心代理問題與盈餘管理:董事會結構與外部監督機制之探討,管理學報,24(1),17-39。

曹壽民,連威豪,劉奕孜(2010),從企業生命週期探討應計項目異常現象,會計評論,51,107-143。

張騰(2014),人力資本、治理结構視角下的高管-員工薪酬差距研
究,中國海洋大學未出版之碩士論文,1-59。

詹家昌,許月瑜(2012),企業生命週期可否解釋投資與現金流量的敏感度?中山管理評論,20(3),909-944。

雷宇,郭劍花(2012).什麼影響了高管與員工的薪酬差距.中央財經大學學報.9,78-83。

劉政淮,陳俊合,張竹淵(2012),以企業生命週期論析盈餘及其組
成持續性,台灣管理學刊,12(2),205-225。

鄭哲惠,王兼善,張嘉文(2015),現金流量資訊衡量電子業的企業生命週期之概況:兼論其對盈餘攸關性之影響,東吳經濟商學學報,91,61-80。

賴進芎(2004),傳銷業創業導向、競爭策略、組織文化與產業環境對組織績效的影響之研究—以臺灣多層次傳銷業為例,南華大學管理科學研究所未出版之碩士論文,54-60。

韓香茗(2016, May 26),紐上市公司CEO 薪酬漲幅超員工近3 倍,大紀元[線上資料],來源:www.epochtimes.com/b5/16/5/26/n7931675.htm [2018, September 8]。

戴怡蕙(2017),股份控制權和盈餘分配權的偏離程度會影響以績效為基準的考核制度誘因效果嗎?會計評論,65,1-143。

顏伶如(2018, May 26),大公司CEO 年薪中位數1170 萬為一般員工164 倍,世界日報[線上資料],來源:www.worldjournal.com/5587492/article-大公司ceo-年薪中位數1170 萬-為一般員工164 倍/ [2018, September 5]

二、英文部分
Anthony, J. H., & Ramesh, K. (1992). Association between accounting performance measures and stock prices. Journal of Accounting and Economics, 15(2-3), 203-227.

Barontini, R. & Bozzi, S. (2009). Board compensation and ownership structure: empirical evidence for Italian listed companies. Journal of Management and Governance, 15(1), 59-89.

Bebchuk, L. A., Kraakman, R., & Triantis, G. (2000). Stock Pyramids, Cross-Ownership and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash Flow Rights. University
of Chicago Press, 295-318.

Camilla Hodgson. (2018, January 4). Fat Cat Thursday: FTSE 100 CEOs will earn more in 3 days than worker’s annual salary. Business Insider [Online]. Available: www.businessinsider.com/fatcat-thursday-ftse-100-ceos-2018-1 [2018, September 5].

Claessens, S., Djankov, S., Fan, J. P. H., & Lang, L. H. P.(2002).Disentangling the Incentive and entrenchment effects of large shareholdings.The Journal of Finance, 57(6), 2741-2771.

Cronqvist, H., Heyman F., Nilsson M., Svaleryd H., & Vlachos J.(2009). Do Entrenched Managers Pay Their Workers More? The Journal of Finance Economics, 64(1), 309-339.

Dess, G. G., & Davis, P. S. (1984). Porter’s (1980) Generic strategies as
determinants of strategic group membership and organizational performance. Academy of Management Journal, 27(3), 467-488.

Dickinson, V. (2011). Cash Flow Patterns as a Proxy for Firm Life Cycle.
The Accounting Review, 86(6), 1969-1994.

Faleye, O., Reis, E., & Venkateswaran, A. (2013). The determinants and effects of CEO-employee pay ratios. Journal of Banking & Finance, 37(8), 3258-3272.

Govindarajan, V. (1989). Implementing competitive strategies at the business unit Level: implications of matching managers to strategies.Strategic Management Journal, 10(3), 251-269.

Haid, A., & Yurtoglu, B. B. (2006). Ownership Structure and Execu-tive Compensation in Germany. SSRN [Online]. Available: http:://ssrn.com/abstract=948926.

Haugen, R. A., & Senbet, L. W. (1979). New perspectives on informational
asymmetry and agency relationship. Journal of Financial
and Quantitative Analysis, 14(4), 671-694.

Helms, M. M., Haynes, P. J. & Cappel S. D. (1992). Competitive strategies
and business performance within the retailing industry. International
Journal of Retail and Distribution Management, 20(5),
3-14.

Holmstrom, B. (1979). Moral hazard and observability. The Bell Journal
of Economics, 10(1), 74-91.

Jensen, M. & Meckling, W. (1976). Theory of the firm: managerial behavior,
agency costs and ownership structure. Journal of Financial
Economics, 3(4), 305–360.

Katie Allen. (2017). FTSE CEOs 'earn 386 times more than workers on
national living wage. The Guardian [Online] Aviable:
https://www.theguardian.com/business/2017/mar/22/uk-ceos-national-
living-wage-equality-trust-pay-gap [2018, September 5].

Kean, R. C., Niemeyer, S. & Miller, N. J. (1996). Competitive strategies
in the craft product retailing industry. Journal of Small Business
Management, 34(1), 13-23.

Lambert, R. A., & Larcker, D. F. (1987). An analysis of the use of accounting and market measures of performance in executive compensation
contrasts. Journal of Accounting Research, 25, 85-125.

La Porta, R., Lopez-De-Silanes, F., Shleifer, A., & Vishny, R. (2002).
Investor protection and corporate valuation. Journal of Finance,
57(3), 1147-1170.

Lei, T., & Zhou, J. (2013). Equity incentives, pay gap and the cost of
equity capital: evidence from chinese listed companies. International
Review of Accounting, Banking and Finance, 5(3/4), 3-34.

Miller, D. (1986). Configurations of strategy and structure: towards a
synthesis. Strategic Management Journal, 7(3), 233-249.

Porter, M. E. (1980). Competitive Strategy. New York, Free Press.

Shin, T. (2014). Explaining pay disparities between top executives and
nonexecutive employees: a relative bargaining power approach.
Social Forces, 92(4), 1339–1372.

Shleifer, A. & Vishny, R. (1997). A survey of corporate governance.
Journal of Finance, 52(2), 737-783.

Smith, C. W. & Watts R. L. (1992). The investment opportunity set and
corporate financing, dividend, and financing policies. Journal of
Financial Economics, 32, 262–292.

Ward, P. T., & Duray, R. (2000). Manufacturing strategy in context: environment,competitive strategy and manufacturing strategy.
Journal of Operations Management, 18(2), 123-138.

Yamakawa, Y., Yang, H., & Lin, Z. (2011). Exploration versus exploitation
in alliance portfolio: performance implications of organizational,
strategic, and environmental fit. Research Policy, 40(2),
287-296.

Zahra, S. A. & Pearce J. A. (1989). Boards of directors and corporate
financial performance: a review and integrative model. Journal
of Management, 15(2), 291-334.
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
無相關期刊