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題名 經理人權益基礎薪酬與策略聯盟之關聯性研究
An Empirical Study of the Association between Executive Equity-based Compensation and Strategic Alliances作者 陳襄瑋
Chen, Hsiang Wei貢獻者 梁嘉紋
Liang, Jia Wen
陳襄瑋
Chen, Hsiang Wei關鍵詞 權益基礎薪酬
策略聯盟
代理問題
Equity-based Compensation
Strategic Alliances
Agency Problem日期 2016 上傳時間 20-Jul-2016 16:40:06 (UTC+8) 摘要 在經營權與所有權分離的企業經營環境中，權益基礎薪酬扮演著連結股東與經理人利益之重要角色。本研究旨在探討經理人權益基礎薪酬與企業策略聯盟行為間之關聯性，並進一步檢視權益基礎薪酬對於企業策略聯盟形成、策略聯盟數目、類別及跨產業聯盟與否之影響。本研究以2003年至2013年美國上市櫃公司為樣本，研究結果顯示經理人權益基礎薪酬對於企業策略聯盟形成有正向影響。給予經理人較高比重權益基礎薪酬之企業，不僅形成策略聯盟之機率較高，且形成策略聯盟之次數亦較多。再者，給予經理人權益基礎薪酬較高比重之企業，其形成研發聯盟之可能性較高，且更傾向於形成同產業間策略聯盟。 參考文獻 一、中文部分王櫻霓，2005，不同類型策略聯盟之宣告效果與股東權益風險探討，國立中山大學財務管理學系碩士。呂鴻德，1996，Q&A 企業策略聯盟，商周文化事業股份有限公司。李文欣，2003，國際策略聯盟長期績效之研究，國立成功大學國際企業研究所碩士論文。吳青松，1992，產業策略聯盟之國際發展型態與趨勢，台灣經濟研究月刊，第十五卷，第5期：23-27。吳婉芳，2003，策略聯盟爭取雙贏，經濟日報。林瑞青、卓佳慶、賴筠婷與鄭栢岳，2012，再探策略聯盟資訊內涵之研究: 生命週期觀點，會計審計叢書，第二卷，第1期：115-139。張淑玲，2004，併購動機、整合機制與績效評估─以平衡計分卡為例，國立成功大學企業管理學系碩士。黃台心，2009，計量經濟學，新陸書局股份有限公司。黃旭輝、蔡明恭與闕河士，2001，策略聯盟宣告對股東財富影響之研究，管理研究學報，第一卷，第2期： 321-336。陳乃維，2015，商用統計學，華泰文化事業股份有限公司。葉匡時、蔡敦浩與周德光，1993，策略聯盟的發展策略─交易成本的觀點，管理評論，第十二卷：99-117。二、英文部分Aaker, D. A. 1995. Strategic market management . New York: John Wiley & Sons,Inc.Ahuja, G. 2000. 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國立政治大學
會計學系
103353005資料來源 http://thesis.lib.nccu.edu.tw/record/#G0103353005 資料類型 thesis dc.contributor.advisor 梁嘉紋 zh_TW dc.contributor.advisor Liang, Jia Wen en_US dc.contributor.author (Authors) 陳襄瑋 zh_TW dc.contributor.author (Authors) Chen, Hsiang Wei en_US dc.creator (作者) 陳襄瑋 zh_TW dc.creator (作者) Chen, Hsiang Wei en_US dc.date (日期) 2016 en_US dc.date.accessioned 20-Jul-2016 16:40:06 (UTC+8) - dc.date.available 20-Jul-2016 16:40:06 (UTC+8) - dc.date.issued (上傳時間) 20-Jul-2016 16:40:06 (UTC+8) - dc.identifier (Other Identifiers) G0103353005 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/99293 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計學系 zh_TW dc.description (描述) 103353005 zh_TW dc.description.abstract (摘要) 在經營權與所有權分離的企業經營環境中，權益基礎薪酬扮演著連結股東與經理人利益之重要角色。本研究旨在探討經理人權益基礎薪酬與企業策略聯盟行為間之關聯性，並進一步檢視權益基礎薪酬對於企業策略聯盟形成、策略聯盟數目、類別及跨產業聯盟與否之影響。本研究以2003年至2013年美國上市櫃公司為樣本，研究結果顯示經理人權益基礎薪酬對於企業策略聯盟形成有正向影響。給予經理人較高比重權益基礎薪酬之企業，不僅形成策略聯盟之機率較高，且形成策略聯盟之次數亦較多。再者，給予經理人權益基礎薪酬較高比重之企業，其形成研發聯盟之可能性較高，且更傾向於形成同產業間策略聯盟。 zh_TW dc.description.tableofcontents 第一章 緒論 1第一節 研究動機與目的 1第二節 研究問題 3第二章 文獻探討 4第一節 權益基礎薪酬背景 4第二節 權益基礎薪酬效果 5第三節 策略聯盟的定義 7第四節 策略聯盟的效果 8第五節 策略聯盟的類型 9第六節 同業或異業之策略聯盟 10第三章 研究方法 12第一節 研究假說 12第二節 資料來源 18第三節 變數定義 19第四節 迴歸模型 26第四章 實證結果與分析 30第一節 樣本選取結果 30第二節 敘述性統計與相關係數分析 31第三節 迴歸分析 41第四節 敏感性分析 51第五章 研究結論 62第一節 研究結論 62第二節 研究限制 65參考文獻 66 zh_TW dc.format.extent 1400902 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0103353005 en_US dc.subject (關鍵詞) 權益基礎薪酬 zh_TW dc.subject (關鍵詞) 策略聯盟 zh_TW dc.subject (關鍵詞) 代理問題 zh_TW dc.subject (關鍵詞) Equity-based Compensation en_US dc.subject (關鍵詞) Strategic Alliances en_US dc.subject (關鍵詞) Agency Problem en_US dc.title (題名) 經理人權益基礎薪酬與策略聯盟之關聯性研究 zh_TW dc.title (題名) An Empirical Study of the Association between Executive Equity-based Compensation and Strategic Alliances en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 一、中文部分王櫻霓，2005，不同類型策略聯盟之宣告效果與股東權益風險探討，國立中山大學財務管理學系碩士。呂鴻德，1996，Q&A 企業策略聯盟，商周文化事業股份有限公司。李文欣，2003，國際策略聯盟長期績效之研究，國立成功大學國際企業研究所碩士論文。吳青松，1992，產業策略聯盟之國際發展型態與趨勢，台灣經濟研究月刊，第十五卷，第5期：23-27。吳婉芳，2003，策略聯盟爭取雙贏，經濟日報。林瑞青、卓佳慶、賴筠婷與鄭栢岳，2012，再探策略聯盟資訊內涵之研究: 生命週期觀點，會計審計叢書，第二卷，第1期：115-139。張淑玲，2004，併購動機、整合機制與績效評估─以平衡計分卡為例，國立成功大學企業管理學系碩士。黃台心，2009，計量經濟學，新陸書局股份有限公司。黃旭輝、蔡明恭與闕河士，2001，策略聯盟宣告對股東財富影響之研究，管理研究學報，第一卷，第2期： 321-336。陳乃維，2015，商用統計學，華泰文化事業股份有限公司。葉匡時、蔡敦浩與周德光，1993，策略聯盟的發展策略─交易成本的觀點，管理評論，第十二卷：99-117。二、英文部分Aaker, D. A. 1995. Strategic market management . New York: John Wiley & Sons,Inc.Ahuja, G. 2000. Collaboration networks, structural holes, and innovation: a longitudinal study. Administrative Science Quarterly 45: 425-455.Amihud, Jakov, and B. Lev. 1981. Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics, 12: 605-617.Amihud, Jakov, and B. Lev. 1999. Does the corporate ownership structure affect its strategy towards diversification? Strategic Management Journal 20:1063-1069.Anand, B. and T. Khanna. 2000. Do firms creat value? The case of alliance. Strategic Management Journal 21(3):295-315.Antle, R. and A. Smith .1986. An empirical investigation of the relative performance evaluation of corporate executives. Journal of Accounting Research 24(1): 1-39.Badaracco, J. L. 1991. The knowledge link: how firms compete through strategic alliances. The Executive 5(3):97-99Berger, P., and E. Ofek. 1995. Diversification`s effect on firm value. Journal of Financial Economics 37: 39-65.Bergstresser, D. and T. Philippon. 2006. CEO incentives and earnings management. Journal of Financial Economics :511-529.Bizjak, J. M., J. A. Brickley and J. L. Coles. 1993. Stock-based incentive compensation and investment behavior. Journal of Accounting and Economics 16(1): 349-372.Bodnar, G., C. Tang, and J. Weintrop. 1998. Both sides of corporate diversification: the value impacts of geographic and industrial diversification. Working Paper, Wharton School.Bryan, S, Hwang, L.S. and Lilien, S. 2000, CEO stock-based compensation: an empirical analysis of incentive-intensity, relative mix, and economic determinants, Journal of Business and Society, 73(4): 661-693.Chan, S. H., J. W. Kensinger, A. J. Keown and J. D. Martin. 1997. Do strategic alliances create value? Journal of Financial Economics 46(2): 199-221.Chen, J., T. D. King and M. Wen. 2013. Do strategic alliances and joint ventures create value for bondholders and shareholders. 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