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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 李存修 | |
| dc.contributor.author | Hsiao-Chun Chen | en |
| dc.contributor.author | 陳筱君 | zh_TW |
| dc.date.accessioned | 2021-06-13T00:41:26Z | - |
| dc.date.available | 2010-07-30 | |
| dc.date.copyright | 2007-07-30 | |
| dc.date.issued | 2007 | |
| dc.date.submitted | 2007-07-23 | |
| dc.identifier.citation | Aboody, D., 1996, Market Valuation of Employee Stock Options, Journal of Accounting and Economics, Vol. 22 : 357-391.
Aboody, D., M. E. Barth, and R. Kasznik, 2004, The Accounting Review, Vol. 79, No. 2 : 251-275. Bell, T. B., W. R. Landsman, B. L. Miller, and S. Yeh, 2002, The Accounting Review, Vol. 77, No. 4 : 971-996. Blasi J., M. Conte, and D. Kruse, 1996, Employee Stock Ownership and Corporate Performance among Public Companies, Industrial and Labor Relations Review, Vol. 50, No. 1 : 60-79. Chang, S., 1990, Employee Stock Ownership Plans and Shareholder Wealth: An Empirical Analysis, Financial Management Journal, Vol. 19 : 48-58. Conte, M. A., J. Svejnar, 1988, Productivity Effects of Worker Participation in Management, Profit-sharing, Worker Ownership of Assets and Unionization in U.S. Firms, International Journal of Industrial Organization, Vol. 6 : 139-151. Doucouliagos, C., 1995, Worker Participation and Productivity in Labor-managed and Participatory Capitalist: A meta-analysis, Industrial and Labor Relations Review, Vol. 49, No. 1 : 58-77. Fan, H. S., C. L. Chen, 2006, Evaluating the Mandatory Disclosure Effect of Pro Forma EPS Deducted by Employee Bonus in Taiwan, The International Journal of Accounting Studies, Vol. 42 : 115-150. Frye, M. B., 2004, Equity-based Compensation for Employees: Firm Performance and Determinants, The Journal of Financial Research, Vol. 27, No. 1 : 31-54. Hall, B. J., and J. B. Liebman, 1998, Are CEOs Really Paid Like Bureaucrats?, The Quarterly Journal of Economics, Vol. 113, Issue 3 : 653-691. Hanlon, M. S. Rajgopal, and T. Shevlin, 2003, Are Executive Stock Options Associated with Future Earnigns?, Journal of Accounting and Economics, Vol. 36 : 3-43. Ikaheimo, S., A. Kjellman, J. Holmberg, and S. Jussila, 2004, Employee Stock Option Plans and Stock Market Reaction: Evidence from Finland, The European Journal of Finance, Vol. 10, 105-122. Ittner, C. D., R. A. Lambert, D. F. Larcker, 2003, The Structure and Performance Consequences of Equity Grants to Employees of New Economy Firms, Journal of Accounting and Economics, Vol. 34 : 89-127. Jones, D. C., and T. Kato, 1995, The Productivity Effects of Employee Stock Ownership Plans and Bonuses: Evidence from Japanese Panel Data, The American Economic Review, Vol. 85 : 391-414. Keating, E. K., T. Z. Lys, and R. P. Magee, 2003, Internet Downturn: Finding Valuation Factors in Spring 2000, Journal of Accounting and Economics, Vol. 34 : 189-236. Kruse, D. L., 1992, Profit Sharing and Productivity: Microeconomic evidence from the United States, The Economic Journal, Vol. 102 : 24-36. Rees, L., D. M. Stott, 2001, The Value-relevance of Stock-based Employee Compensation Disclosures, Journal of Applied Business Research, Vol 17, No. 2 : 105-116. Sesil, J. C., M. K. Kroumova, J. R. Blasi, and D. L. Kruse, 2002, Broad-based Employee Stock Options in US New Economy Firms, British Journal of Industrial Relations, Vol. 40 : 273-294. Yao, S., 1997, Profit Sharing, Bonus Payment, and Productivity: A Case Study of Chinese State-Owned Enterprises, Journal of Comparative Economics, Vol. 24 : 281-296. Yen, M. H., 2003, The Stock Price Reactions and Effects of Employee Bonus Shares in Taiwan, National Taiwan University, Graduate Institute of Finance. 王嘉隆, 2006, 「員工入股與公司績效之關聯性研究」,國立中正大學企業管理研究所碩士論文。 許承宙, 2004, 「員工股票酬勞計劃之價值攸關性-激勵效果與稀釋效果」, 國立中山大學財務管理研究所碩士論文。 許琇婷, 2004, 「員工分紅政策與公司特性及績效關聯性之研究-以台灣上市資訊電子業為例」, 國立政治大學會計學系碩士論文。 郭子慧, 2003, 「員工分紅配股與權益評價」, 國立中山大學企業管理所碩士論文。 張仲岳, 1999, 「員工紅利及董監酬勞對股價影響之研究」, 1999當代會計理論與實務研討會。 陳建忠, 2001, 「員工分紅對企業價值的影響」,國立政治大學經營管理碩士論文。 趙曉玲, 2002, 「員工分紅入股制度對組織績效的影響」, 國立中央大學人力資源管理研究所碩士論文。 蔡志瑋, 2003, 「員工分紅與公司績效及投資人報酬之關聯性研究-以台灣上市資訊電子業為例」,國立政治大學會計研究所碩士論文。 | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/29123 | - |
| dc.description.abstract | 本文首先利用過去年度的員工分紅資料來建立分紅預期模型，並用事件研究法來討論股價對未預期分紅之反應；接著利用OLS模型及固定效果模型來探討異常報酬與未預期分紅之關聯。結果顯示發放超過預期員工分紅之公司會有較差之異常報酬；同時，員工股票分紅對於負異常報酬的影響甚於員工現金分紅；最後也發現員工分紅的稀釋效果強於激勵效果，尤其在近年的數據中更為明顯。 | zh_TW |
| dc.description.abstract | We first form an employee bonus expectation model by the previous bonus data and examine market reactions to unexpected employee bonuses by event study. We then utilize OLS Model and Fixed Effect Model to explore the relationship between unexpected employee bonuses and abnormal returns. The results show that firms which grant more employee bonuses than expected have lower abnormal returns. Also, employee stock bonuses contribute more to negative returns than employee cash bonuses. Furthermore, the negative effects of employee bonuses have seemed to dominate over the incentive effect, particularly in latest years. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-13T00:41:26Z (GMT). No. of bitstreams: 1 ntu-96-R94723041-1.pdf: 994892 bytes, checksum: 73fb09b1b3141319395120c584da0529 (MD5) Previous issue date: 2007 | en |
| dc.description.tableofcontents | 1. Introduction 1
2. Theoretical Framework 7 2.1 The Relation between Profit Sharing Plans and Firms’ Performance 7 2.2 Relation between Profit Sharing Plans and a Firm’s Market Value 9 2.3 The Expectation of Employee Bonus Grant 12 2.4 How Unexpected Bonuses Influence Stock Prices 13 3. Methodology 15 3.1 Sample Selection 15 3.2 Definition of Unexpected Employee Cash and Stock Bonuses 16 3.3 Event Study 17 3.3.1 Determination of Event Date 17 3.3.2 Measurement of Abnormal Returns 17 3.3.3 Significant Tests of Event Study 19 3.4 Regression Model 20 3.4.1 Measurement 21 3.4.2 Model Specification 23 4. Empirical Result 25 4.1 Descriptive Statistics 25 4.2 Event Study Result 28 4.3 Regression Analysis 37 5. Additional Analysis 43 6. Conclusion 48 References 50 | |
| dc.language.iso | en | |
| dc.subject | 員工分紅 | zh_TW |
| dc.subject | 事件研究 | zh_TW |
| dc.subject | 股價反應 | zh_TW |
| dc.subject | Stock Price Reaction | en |
| dc.subject | Employee Bonus | en |
| dc.subject | Event Study | en |
| dc.title | 未預期員工分紅對股價之影響 | zh_TW |
| dc.title | Stock Price Reactions to Unexpected Employee Bonuses | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 95-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 邱顯比,王全三 | |
| dc.subject.keyword | 員工分紅,股價反應,事件研究, | zh_TW |
| dc.subject.keyword | Employee Bonus,Stock Price Reaction,Event Study, | en |
| dc.relation.page | 51 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2007-07-25 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| 顯示於系所單位： | 財務金融學系 | |
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