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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/5475
標題: | 台灣上市櫃公司高階經理人薪酬與績效連結性:薪酬委員會之影響 Top Management Pay-to-performance Relation: The Effect of Compensation Committee |
作者: | Li-Rong Chen 陳立榕 |
指導教授: | 林嬋娟 |
關鍵字: | 公司治理,薪資報酬委員會,高階經理人薪酬,薪酬與績效連結性, Corporate Governance,Compensation Committee,Top Management Compensation,Pay-to-performance Relation, |
出版年 : | 2014 |
學位: | 碩士 |
摘要: | Compensation committee is introduced in Taiwanese firms in 2011 for addressing the problem of insensitive compensation. I examine whether mandatory compensation committee increases pay-to-performance relation and whether composition of committee affects pay-performance relation. Using 4,005 firm-years of TSE and GTSM listed firms from 2010 to 2012, I find no significant evidence that compensation committee can improve pay-to-performance relation. But the further test indicates that composition of committee affects pay-to-performance relation. The presence of independent director on compensation committee increases pay-to-performance relation in firms with favorable performance. The result suggests that setting independent directors on committee may be a solution to increase pay-to-performance relation. On the other side, the analysis also indicates that the presence of director with multiple directorships increases pay-to-performance relation. The finding of positive effect of director with multiple directorships supports previous research which stated that director with multiple directorships would bring their experience to board/committee and be more active in participating in board/committee meeting. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/5475 |
全文授權: | 同意授權(全球公開) |
顯示於系所單位: | 會計學系 |
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ntu-103-1.pdf | 818.12 kB | Adobe PDF | 檢視/開啟 |
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