請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/16957
完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 王泰昌 | |
dc.contributor.author | Hung-Hua Pan | en |
dc.contributor.author | 潘虹華 | zh_TW |
dc.date.accessioned | 2021-06-07T23:50:55Z | - |
dc.date.copyright | 2014-03-09 | |
dc.date.issued | 2014 | |
dc.date.submitted | 2014-01-24 | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/16957 | - |
dc.description.abstract | There are three essays in this dissertation. The first essay discusses the role of bonuses in CEO inside debt holdings. Prior literature states that the advantage of inside debt holdings is that they mitigate managerial risk-taking incentives and increase earnings quality. After considering the composition of inside debt in which pension benefits are contingent on bonus plans, my results show that once CEO inside debt holdings are related to bonus plans, the advantage of inside debt holdings may disappear. The second essay discusses that the learning process of shareholders reduces the variance of stock returns, thereby making stock return become a more direct estimate of an executive’s level of efforts. My results suggest that according to learning theory, firm age is an important factor determining executive stock-based incentives. The third essay discusses whether the presence of overlapping memberships on the compensation committee impacts the effective structure of executive compensation. Firms with the compensation committee members on other firms’ compensation committees (“external overlapping memberships”) and on the audit committees (“internal overlapping memberships”) may have different compensation structures than those without. My study provides evidence that overlapping memberships on the compensation committee influence the compensation setting process. | en |
dc.description.provenance | Made available in DSpace on 2021-06-07T23:50:55Z (GMT). No. of bitstreams: 1 ntu-103-D98722002-1.pdf: 2423517 bytes, checksum: 26e8b6894c41a5e99b913e5e29bb0db9 (MD5) Previous issue date: 2014 | en |
dc.description.tableofcontents | Acknowledgement i
Abstract v Chapter 1 Look Through the Inside Debt: The Role of Bonuses 1 1. Introduction 2 2. Prior literature and hypothesis development 9 3. Variable measurement, sample selection, and empirical design 19 4. Empirical results 27 5. Conclusion 43 Appendix A. Variable definitions 46 Appendix B. Stock option valuation and Delta and Vega calculations 48 Appendix C. The Distance-to-default and expected default frequency 50 Reference 52 Chapter 2 Learning about Uncertainty in Stock Returns and CEO Equity Compensation 89 1. Introduction 90 2. Literature review and hypotheses development 96 3. Research design and Data Sources 101 4. Empirical results 109 5. Summary and Conclusion 115 Appendix A. Variable definitions 117 Reference 118 Chapter 3 Does Overlapping Memberships on Compensation Committee Affect the Effective Structure of Executive Compensation? 133 1. Introduction 134 2. Literature review and hypothesis development 140 3. Data and methods 147 4. Empirical results 158 5. Conclusion 170 Appendix A. Variable definitions 173 Reference 175 | |
dc.language.iso | en | |
dc.title | 高階經理人薪酬實證研究 | zh_TW |
dc.title | Essays on Executive Compensation Research | en |
dc.type | Thesis | |
dc.date.schoolyear | 102-1 | |
dc.description.degree | 博士 | |
dc.contributor.oralexamcommittee | 劉啟群,陳聖賢,戚務君,李艷榕 | |
dc.subject.keyword | 高階經理人薪酬,內部負債,紅利,風險追求,盈餘管理,學習,薪酬委員會, | zh_TW |
dc.subject.keyword | Executive compensation,inside debt,bonuses,risk-taking incentive,earnings management,learning,compensation committees, | en |
dc.relation.page | 198 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2014-01-24 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
顯示於系所單位: | 會計學系 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
ntu-103-1.pdf 目前未授權公開取用 | 2.37 MB | Adobe PDF |
系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。