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題名 The Gender Impact of Executive Compensation on Corporate Risk Taking
女性決策者對高階經理人薪酬風險誘因的影響
作者 陳嬿如
Chen, Yenn-Ru
貢獻者 財管系
關鍵詞 Gender Impact; Risk Taking; Executive Compensation
女性決策者; 風險性投資; 高階經理人薪酬
日期 2019-11
上傳時間 26-May-2022 16:18:02 (UTC+8)
摘要 This project aims to discuss the relationship between CEO gender and ESOs. While gender has been widely documented as an important factor in shaping CEO’s level of risk aversion and overconfidence, it would significantly affect the ESO incentives, delta and vega. Based on economic and psychology literatures, we find disparity in women’s attitude toward risks—Female CEOs behave more overconfident and less risk averse in high-risk firms but less overconfident and more risk averse in low-risk firms. Given this difference, we expect the incentive effects of ESOs increase for female CEOs.
本研究主要目標為探討CEO性別與ESO之關聯性。公司透過給予CEO ESO降低經理人的代理人問題與提升經理人願意進行風險投資的意願,而性別做為對於個人風險偏好及過度自信程度有重要影響之特質,會改變ESO給予經理人的誘因—delta及vega的影響。由經濟及心理學的文獻當中,我們發現了女性經理人對於風險的態度呈現兩極的趨勢:在高風險的產業中比男性更風險偏好與過度自信,在低風險的產業中更加風險趨避,因此在本研究中預期給予女性ESO可以有更加顯著的效果產生。
關聯 科技部, MOST107-2629-H004-001, 10708 ~ 10807
資料類型 report
dc.contributor 財管系-
dc.creator (作者) 陳嬿如-
dc.creator (作者) Chen, Yenn-Ru-
dc.date (日期) 2019-11-
dc.date.accessioned 26-May-2022 16:18:02 (UTC+8)-
dc.date.available 26-May-2022 16:18:02 (UTC+8)-
dc.date.issued (上傳時間) 26-May-2022 16:18:02 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/140166-
dc.description.abstract (摘要) This project aims to discuss the relationship between CEO gender and ESOs. While gender has been widely documented as an important factor in shaping CEO’s level of risk aversion and overconfidence, it would significantly affect the ESO incentives, delta and vega. Based on economic and psychology literatures, we find disparity in women’s attitude toward risks—Female CEOs behave more overconfident and less risk averse in high-risk firms but less overconfident and more risk averse in low-risk firms. Given this difference, we expect the incentive effects of ESOs increase for female CEOs.-
dc.description.abstract (摘要) 本研究主要目標為探討CEO性別與ESO之關聯性。公司透過給予CEO ESO降低經理人的代理人問題與提升經理人願意進行風險投資的意願,而性別做為對於個人風險偏好及過度自信程度有重要影響之特質,會改變ESO給予經理人的誘因—delta及vega的影響。由經濟及心理學的文獻當中,我們發現了女性經理人對於風險的態度呈現兩極的趨勢:在高風險的產業中比男性更風險偏好與過度自信,在低風險的產業中更加風險趨避,因此在本研究中預期給予女性ESO可以有更加顯著的效果產生。-
dc.format.extent 116 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) 科技部, MOST107-2629-H004-001, 10708 ~ 10807-
dc.subject (關鍵詞) Gender Impact; Risk Taking; Executive Compensation-
dc.subject (關鍵詞) 女性決策者; 風險性投資; 高階經理人薪酬-
dc.title (題名) The Gender Impact of Executive Compensation on Corporate Risk Taking-
dc.title (題名) 女性決策者對高階經理人薪酬風險誘因的影響-
dc.type (資料類型) report-