1. NCCU Academic Hub
  2. 學術產出
  3. College of Commerce
  4. Theses
  5. Item

學術產出-Theses

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

  • No doi shows Citation Infomation
題名 專利權對高階經理人薪酬之影響
作者 洪士剛
貢獻者 梁嘉紋
洪士剛
關鍵詞 專利權
高階經理人薪酬
代理問題
公司績效
patent
CEO compensation
agency problem
innovation
日期 2007
上傳時間 6-May-2016 16:35:11 (UTC+8)
摘要 本研究主要在探究專利權對於高階經理人薪酬制度之影響，並提出以下之假說：(1)專利權與高階經理人之現金薪酬有正向關係；(2)專利權與高階經理人之年度股票薪酬有正向關係；(3)專利權與高階經理人之年度總薪酬有正向關係；(4)專利權與高階經理人之股票薪酬所佔總薪酬比例有正向關係。
本文以美國製造業的高階經理人薪酬為樣本，經實證結果發現，專利權申請數、股東權益報酬率及股票報酬率對於高階經理人，無論是在現金薪酬或股票薪酬制度下，皆有顯著正向影響，此正說明在製造業的公司中，專利權對高階經理人薪酬是很重要的非財務性指標。並且，專利權亦與股票薪酬所佔總薪酬之比有顯著正向相關，也顯示有專利權的公司在對經理人的薪酬上較為偏好使用股票薪酬。
The research is to explore the association between patent count and top management remuneration system. I hypothesize that : (1) CEO cash compensation is positively associated with patent count; (2) patent count and CEO annual stocks compensation have a positive relationship; (3) patent count is positively associated with CEO total annual pay; (4) The proportion of stock compensation in CEO pay is positively associated with patent count.
Using a sample of manufacturing firms I document that patent count is positively associated with CEO compensation, consistent with my hypotheses. I also find strong evidence that patent count impacts the proportion of stock compensation in CEO pay. Overall, these findings suggest that patent count is an important non-financial indicator in CEO compensation.
參考文獻 李建華與茅靜蘭，1999，薪資制度與管理實務，清華管理科學圖書中心。
李坤致，2001，智慧資本與價值動因對企業價值影響之研究，中正大學企業管理學系未出版碩士論文。
林穎芬，1989，民營企業最高主管報酬與公司績效之研究，國立中山大學企業管理研究所未出版碩士論文。
馬慈婉，1990，高階專業經理人激勵控制制度之研究，國立政治大學企業管理研究所未出版碩士論文。
陳隆麒與翁霓，1992，員工持股計畫與公司績效關係之研究，管理評論：81-102。
陳隆麒、郭敏華、吳政穎，1998，我國上市公司高階主管薪酬決定因素之探討，中國財務學會年會暨學術研討會（1998）論文集：925-943。
陳依婷，2005，高層職務階梯薪資結構與廠商特性之關聯，東吳大學經濟學系碩士論文。
湯珮妤，2000，企業類型與研發支出、專利權成效之遞延效果研究，中正大學企業管理學系未出版碩士論文。
曾玉潔，2000，我國高階主管薪酬決定因素之實證研究，中正大學會計學研究所碩士論文。
曾俊堯，2003，創新資本對經營績效與公司價值影響之研究，台北大學企業管理學系博士論文。
曾詩薇，2005，影響總經理獎酬之因素-公司績效、董事會監督能力或大股東控制力，逢甲大學會計所碩士論文。
辜秋屏，1997，高階主管酬勞與公司經營績效之實証研究，國立台灣大學會計學研究所未出版碩士論文。
黃旭輝，1997，公司成長機會對經理人持股、報償與董事監察人組成影響之研究，國立政治大學企業管理研究所未出版博士論文。
葉玉慧，2003，專利權、創新投資與公司價值創造關係之研究─以研發投資宣告為例，成功大學國際企業學系博士論文。
董珮珊，2004，公司治理、公司績效與高階主管薪酬關係之研究，真理大學管理科學研究所碩士論文。
鄭為庠，1992，高階主管薪酬計畫與薪酬決定因素之研究，國立政治大學企業管理研究所未出版碩士論文。
鄭雯馨，2004，研究發展與專利權對於股票報酬影響之探討，國立政治大學會計研究所碩士論文。
鄭國強，2004，廠商的專利行為與市場價值關聯—以全球半導體產業為例，世新大學管理學院財務金融學系碩士論文。
廖義芳，2002，專利權與經營績效關係之研究：各項專利權之比較，國立彰化師範大學商業教育學系碩士論文。
蕭弘毅，1994，高階管理薪酬計畫與企業營運績效關係之研究，私立東吳大學商學院管理學研究所未出版碩士論文。
劉冠妤，2005，廠商的專利行為與市場價值關聯—以全球奈米二氧化鈦材料產業為例，世新大學經濟學系，碩士論文。
Agarwal, N. 1981. Determinants of Executive Compensation, Indusstrial Relations.36-46.
Agrawal, A., and G. Mandelker. 1987. Executiveial Incentives and Corporate Investment and Financing Deccisions. Journal of Finance 42:823-837.
Aggarwal, R. K, and A. A Samwick. 1999. Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence, The Journal of Finance, Cambridge 54:1999-2044.
Berle, A. A., and G. C. Means. 1932. The Modern Corporate and Private Property,New York: Macmillan.
Balkin. D. B., and L. R. Gomez-Mejia. 1987. Toward a Contingency Theory of Compensation Strategy, Strategic Management Journal 18:169-182.
Banker, R. D., and S. M. Datar. 1989. Sensitive, Precision, and Linear Aggregation of Signals for Performance Evaluation, Journal of Accounting Research 27:21-39.
Bizjak, J. M., J. M. Brickley, and J. L. Coles. 1993. Stock-Based Incentive Compensation and Investment Behavior. Journal of Accounting and Economics:349-372.
Brickley, J., S. Bhagat, and R. Lease. 1985. The Impact of Long-range Managerial Compensation Plans on Shareholder Wealth. Journal of Accounting and Economics 7:115-129.
Bassi, L. J., and Van Buren, M. E. 1999. Valuing Investment in Intellectual Capital,International Journal of Technology Management 18:414-432.
Cicel, D., and Y. M. Carroll. 1980. The Determinants of Executive Salaries: An Econometric Survey, Review of Economics and Statistics:7-13.
Caves, R. E., M. D.Whinston, and M. A. Hurwitz. 1991. Patent Expiration, Entry, and Competition in the U.S. Pharmaceutical Industry, Brookings papers on Economic Activity Washington:1-66.
Clinch, G. 1991. Employee Compensation and Firms’Research and Development Activity. Journal of Accounting Research 27:59-78.
Cheng S. 2003. R&D Expenditures and CEO Compensation. The Accounting Review 79:305-328.
Deng, Z., B. Lev, and F. Narin. 1999. Science and technology as predictor of stock performance. Association for Investment Management and Research (May/June):20-32.
Davila, A., and M. Venkatachalam. 2004. The Relevance of Non-financial Performance Measures for CEO Compensation: Evidence from the Airline Industry, Review of Accounting Studies 9:443-464.
Edvinsson, L., and M. S. Malone. 1997. Intellectual capital: realizing your company’s value by finding its hidden roots , London: Piatkus.
Freedman, S. R., R. T. Keller, and J. R. Montanari. 1982. The Compensation Program: Balancing Organizational and Employee Needs. Compensation Review 14(Second Quarter):47-53.
Fama, E. F., and M. C. Jensen. 1983. Separation of Ownership and Control, Journal of Law and Economics 26:301-325.
Fama, E. F., and M. C. Jensen. 1983. Separation of Ownership and Control, Journal of Law and Economics 26:327-349.
Frinkelstein, S., and D. C. Hambrick. 1988. Chief Executive Compensation: A Synthesis and Reconciliation, Strategic Management Journal 9:543-558.
Frinkelstein, S., and D. C. Hambrick. 1989. Chief Executive Compensation: A Study of the Intersection of Markets and Political Process, Strategic Management Journal 10:121-134.
Feltham, G. A. and J. Xie. 1994. Performance Measure Congruity and Diversity in Multi-task Principal/Agent Relations, The Accounting Review 69:429-453.
Griliches, Z. 1981. Market Value, R&D, and Patents , Economics Letters 7(2):183-187.
Gomez-Mejia, L. R., and H. Tosi. 1989. The Decouping of CEO Pay and Performance:An Agency Theory Perspective, Administrative Science Quarterly 34:169-189.
Gibbons, R., and K. Murphy. 1990. Relative Performance Evaluation for Chief Executive Officers. Industrial and Labor Relations Review 43: 30-51.
Gerhart, B., and G. T. Milkovich. 1990. Organizational Differences in Managerial Compensation and Financial Performance, Academy of Management Journal 33:663-691.
Galbraith, C. S., and G. B. Merrill. 1991. The Effect of Compensation Program and Structure on SBU Competitive Strategy: A Study of Technology-Intensive Firm,
Strategy Management Journal 12: 253-370.
Gomez-Mejia. 1992. Structure and Process of iversification, Compensation Strategy, and Firm Performance, Strategy Management Journal 13:381-397.
Gaver, J. F., and K. M. Gaver. 1993. Additional Evidence on The Association Between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies, Journal of Accounting and Economics 16:125-60.
Gaver, J. J., and K. M. Gaver. 1995. Compensation Policy and the Investment Opportunity Set. Financial Management 24:19-33.
Hettenhouse, G. W. 1971. Compensation Cafeteria for Top Executive, Harvard Business Review:13-119.
Holmstrom, B. 1979. Moral Hazard and Observability. Bell Journal of Economics 10:74-91.
Haugen, R. A., and L. W. Senbet, 1981, Resolving the Agency Problems of External Capital through Option, Journal of Finance 36, 629-647.
Hill and P. Phan. 1991. CEO Tenure as a Determinant of CEO Pay, Academic of Management Journal 34(3):707-717.
Ittner, D. C., D. F. Larcker, and M. V. Rajan. 1997. The Accounting Review 72:231-255.
Jenkins E., and R. E. Seiler. 1990. The Impact of Executive Compensation Schemes Upon the Level of Discretionary Expenditures and Growth in Stockholder Wealth. Journal of Business Finance & Accounting 17: 585-592.
Jensen, M. C., and W. H. Meckling. 1976. Theory of the Firm: Managerial Behavior-Agency Cost and Ownership Structure. Journal of Financial and Economics 3:305-360.
Lewellen, W., C. Lorderer, and K. Martin. 1987. Executive Compensation Contracts and Executive Incentive Problems: An Empirical Analysis, Journal of Accountign and Economics 9:287-310.
Lambert, R., and D. Larcker. 1987. An Analysis of The Use of Accounting and Market Measures of Performance in Executive Compensation Contracts. Journal of Accounting research 25 (Supplement):85-129.
Kosnic, R. D., and K. L. Bettenhausen. 1992. Agency Theory and the Moticational Effect of Management Compensation— An Experimental Contingency Study,Group and Organization Management 17(3): 309-330.
Miller, M. H., and M. S. Scholes. 1981. Executive Compensation, Taxes and Incentives, Financial Economics: Essays in Honor of Paul Cootner:179-201.
Murphy K. J. 1985. Corporate Performance and Managerial Remuneration —An Empirical Analysis, Journal of Accounting and Economics 7:11-42.
Morck, R., A. Shleifer, and R. W. Vishny, 1988, Management Ownership and Market Valuation, Journal of Financial Economics 20:293-315.
Megna, P., and M. Klock. 1993. The Impact of Intangible Capital on Tobin’s q in the Semiconductor Industry, AEA Papers and Proceedings 83(May):265-269.
Murphy K. J. 1998. Executive Compensation, University of Southern California.
Mathis R. L., and J. H. Jackson. 2003. Human resource management(10th), USA: Thomson south-western.
Markman G. D., Espina M. I., and Phan P. H. 2004. Patent as Surrogates for Inimitable and Non-Substitutable Resources, Journal of Management 30: 529-544.
Napier, N. K., and M. Smith. 1987. Product Diversification, Performance Criteria and Compensation at the Corporate Manager Level, Strategic Management Journal 8:195-201.
Pakes, A. 1985. On patents, R&D, and the Stock Market Rate of Return. The Journal of Political Economics:390-409.
Robbin, P. S. 1982. The Management of Human Resource, Prectice-Hall Inc.
Simon, H. A. 1957. Compensation of Executives, Sociometry 20:123-139.
Smith, C., and R. Watts. 1992. The Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies, Journal of Financial Economics 32:263-292.
Sigler, K. J., and J. P. Haley. 1995. CEO Pay and Company Performance. Managerial Finance 21:31-72.
Thomas, P., Mcmillan, G. S. and Abington P. S. 2001. Using Science and Technology Indicators to Manage R&D as A Business,Engineering Management Journal13: No.3.
Ungson, G., and R. M. Steers. 1984. Motivation and Politics in Executive Compensation , Academy of Management Review 9:313-323.
Williamson, O. E. 1963. Managerial Discretion and Business Behavior, American Economic Review 53:1032-1057.
描述 碩士
國立政治大學
會計學系
94353035
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0943530351
資料類型 thesis
dc.contributor.advisor 梁嘉紋zh_TW
dc.contributor.author (Authors) 洪士剛zh_TW
dc.creator (作者) 洪士剛zh_TW
dc.date (日期) 2007en_US
dc.date.accessioned 6-May-2016 16:35:11 (UTC+8)-
dc.date.available 6-May-2016 16:35:11 (UTC+8)-
dc.date.issued (上傳時間) 6-May-2016 16:35:11 (UTC+8)-
dc.identifier (Other Identifiers) G0943530351en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/94405-
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) 94353035zh_TW
dc.description.abstract (摘要) 本研究主要在探究專利權對於高階經理人薪酬制度之影響，並提出以下之假說：(1)專利權與高階經理人之現金薪酬有正向關係；(2)專利權與高階經理人之年度股票薪酬有正向關係；(3)專利權與高階經理人之年度總薪酬有正向關係；(4)專利權與高階經理人之股票薪酬所佔總薪酬比例有正向關係。
本文以美國製造業的高階經理人薪酬為樣本，經實證結果發現，專利權申請數、股東權益報酬率及股票報酬率對於高階經理人，無論是在現金薪酬或股票薪酬制度下，皆有顯著正向影響，此正說明在製造業的公司中，專利權對高階經理人薪酬是很重要的非財務性指標。並且，專利權亦與股票薪酬所佔總薪酬之比有顯著正向相關，也顯示有專利權的公司在對經理人的薪酬上較為偏好使用股票薪酬。		zh_TW
dc.description.abstract (摘要) The research is to explore the association between patent count and top management remuneration system. I hypothesize that : (1) CEO cash compensation is positively associated with patent count; (2) patent count and CEO annual stocks compensation have a positive relationship; (3) patent count is positively associated with CEO total annual pay; (4) The proportion of stock compensation in CEO pay is positively associated with patent count.
Using a sample of manufacturing firms I document that patent count is positively associated with CEO compensation, consistent with my hypotheses. I also find strong evidence that patent count impacts the proportion of stock compensation in CEO pay. Overall, these findings suggest that patent count is an important non-financial indicator in CEO compensation.		en_US
dc.description.tableofcontents 第一章 緒論 1
第一節 研究動機與目的 1
第二節 研究架構 3
第三節 研究問題 4
第二章 文獻探討 6
第一節 代理理論 6
第二節 薪酬 9
第三節 薪酬制度與公司績效的關係 17
第四節 非財務性指標與薪酬制度之關係 27
第五節 專利權 28
第三章 研究方法 37
第一節 研究假說 37
第二節 樣本選取、研究期間與資料來源 41
第三節 變數衡量 42
第四節 迴歸模型 48
第四章 實證結果 52
第一節 敘述性統計 52
第二節 相關性分析 54
第三節 多元迴歸分析 57
第五章 結論與限制 62
第一節 研究結論 62
第二節 研究限制 64		zh_TW
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0943530351en_US
dc.subject (關鍵詞) 專利權zh_TW
dc.subject (關鍵詞) 高階經理人薪酬zh_TW
dc.subject (關鍵詞) 代理問題zh_TW
dc.subject (關鍵詞) 公司績效zh_TW
dc.subject (關鍵詞) patenten_US
dc.subject (關鍵詞) CEO compensationen_US
dc.subject (關鍵詞) agency problemen_US
dc.subject (關鍵詞) innovationen_US
dc.title (題名) 專利權對高階經理人薪酬之影響zh_TW
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) 李建華與茅靜蘭，1999，薪資制度與管理實務，清華管理科學圖書中心。
李坤致，2001，智慧資本與價值動因對企業價值影響之研究，中正大學企業管理學系未出版碩士論文。
林穎芬，1989，民營企業最高主管報酬與公司績效之研究，國立中山大學企業管理研究所未出版碩士論文。
馬慈婉，1990，高階專業經理人激勵控制制度之研究，國立政治大學企業管理研究所未出版碩士論文。
陳隆麒與翁霓，1992，員工持股計畫與公司績效關係之研究，管理評論：81-102。
陳隆麒、郭敏華、吳政穎，1998，我國上市公司高階主管薪酬決定因素之探討，中國財務學會年會暨學術研討會（1998）論文集：925-943。
陳依婷，2005，高層職務階梯薪資結構與廠商特性之關聯，東吳大學經濟學系碩士論文。
湯珮妤，2000，企業類型與研發支出、專利權成效之遞延效果研究，中正大學企業管理學系未出版碩士論文。
曾玉潔，2000，我國高階主管薪酬決定因素之實證研究，中正大學會計學研究所碩士論文。
曾俊堯，2003，創新資本對經營績效與公司價值影響之研究，台北大學企業管理學系博士論文。
曾詩薇，2005，影響總經理獎酬之因素-公司績效、董事會監督能力或大股東控制力，逢甲大學會計所碩士論文。
辜秋屏，1997，高階主管酬勞與公司經營績效之實証研究，國立台灣大學會計學研究所未出版碩士論文。
黃旭輝，1997，公司成長機會對經理人持股、報償與董事監察人組成影響之研究，國立政治大學企業管理研究所未出版博士論文。
葉玉慧，2003，專利權、創新投資與公司價值創造關係之研究─以研發投資宣告為例，成功大學國際企業學系博士論文。
董珮珊，2004，公司治理、公司績效與高階主管薪酬關係之研究，真理大學管理科學研究所碩士論文。
鄭為庠，1992，高階主管薪酬計畫與薪酬決定因素之研究，國立政治大學企業管理研究所未出版碩士論文。
鄭雯馨，2004，研究發展與專利權對於股票報酬影響之探討，國立政治大學會計研究所碩士論文。
鄭國強，2004，廠商的專利行為與市場價值關聯—以全球半導體產業為例，世新大學管理學院財務金融學系碩士論文。
廖義芳，2002，專利權與經營績效關係之研究：各項專利權之比較，國立彰化師範大學商業教育學系碩士論文。
蕭弘毅，1994，高階管理薪酬計畫與企業營運績效關係之研究，私立東吳大學商學院管理學研究所未出版碩士論文。
劉冠妤，2005，廠商的專利行為與市場價值關聯—以全球奈米二氧化鈦材料產業為例，世新大學經濟學系，碩士論文。
Agarwal, N. 1981. Determinants of Executive Compensation, Indusstrial Relations.36-46.
Agrawal, A., and G. Mandelker. 1987. Executiveial Incentives and Corporate Investment and Financing Deccisions. Journal of Finance 42:823-837.
Aggarwal, R. K, and A. A Samwick. 1999. Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence, The Journal of Finance, Cambridge 54:1999-2044.
Berle, A. A., and G. C. Means. 1932. The Modern Corporate and Private Property,New York: Macmillan.
Balkin. D. B., and L. R. Gomez-Mejia. 1987. Toward a Contingency Theory of Compensation Strategy, Strategic Management Journal 18:169-182.
Banker, R. D., and S. M. Datar. 1989. Sensitive, Precision, and Linear Aggregation of Signals for Performance Evaluation, Journal of Accounting Research 27:21-39.
Bizjak, J. M., J. M. Brickley, and J. L. Coles. 1993. Stock-Based Incentive Compensation and Investment Behavior. Journal of Accounting and Economics:349-372.
Brickley, J., S. Bhagat, and R. Lease. 1985. The Impact of Long-range Managerial Compensation Plans on Shareholder Wealth. Journal of Accounting and Economics 7:115-129.
Bassi, L. J., and Van Buren, M. E. 1999. Valuing Investment in Intellectual Capital,International Journal of Technology Management 18:414-432.
Cicel, D., and Y. M. Carroll. 1980. The Determinants of Executive Salaries: An Econometric Survey, Review of Economics and Statistics:7-13.
Caves, R. E., M. D.Whinston, and M. A. Hurwitz. 1991. Patent Expiration, Entry, and Competition in the U.S. Pharmaceutical Industry, Brookings papers on Economic Activity Washington:1-66.
Clinch, G. 1991. Employee Compensation and Firms’Research and Development Activity. Journal of Accounting Research 27:59-78.
Cheng S. 2003. R&D Expenditures and CEO Compensation. The Accounting Review 79:305-328.
Deng, Z., B. Lev, and F. Narin. 1999. Science and technology as predictor of stock performance. Association for Investment Management and Research (May/June):20-32.
Davila, A., and M. Venkatachalam. 2004. The Relevance of Non-financial Performance Measures for CEO Compensation: Evidence from the Airline Industry, Review of Accounting Studies 9:443-464.
Edvinsson, L., and M. S. Malone. 1997. Intellectual capital: realizing your company’s value by finding its hidden roots , London: Piatkus.
Freedman, S. R., R. T. Keller, and J. R. Montanari. 1982. The Compensation Program: Balancing Organizational and Employee Needs. Compensation Review 14(Second Quarter):47-53.
Fama, E. F., and M. C. Jensen. 1983. Separation of Ownership and Control, Journal of Law and Economics 26:301-325.
Fama, E. F., and M. C. Jensen. 1983. Separation of Ownership and Control, Journal of Law and Economics 26:327-349.
Frinkelstein, S., and D. C. Hambrick. 1988. Chief Executive Compensation: A Synthesis and Reconciliation, Strategic Management Journal 9:543-558.
Frinkelstein, S., and D. C. Hambrick. 1989. Chief Executive Compensation: A Study of the Intersection of Markets and Political Process, Strategic Management Journal 10:121-134.
Feltham, G. A. and J. Xie. 1994. Performance Measure Congruity and Diversity in Multi-task Principal/Agent Relations, The Accounting Review 69:429-453.
Griliches, Z. 1981. Market Value, R&D, and Patents , Economics Letters 7(2):183-187.
Gomez-Mejia, L. R., and H. Tosi. 1989. The Decouping of CEO Pay and Performance:An Agency Theory Perspective, Administrative Science Quarterly 34:169-189.
Gibbons, R., and K. Murphy. 1990. Relative Performance Evaluation for Chief Executive Officers. Industrial and Labor Relations Review 43: 30-51.
Gerhart, B., and G. T. Milkovich. 1990. Organizational Differences in Managerial Compensation and Financial Performance, Academy of Management Journal 33:663-691.
Galbraith, C. S., and G. B. Merrill. 1991. The Effect of Compensation Program and Structure on SBU Competitive Strategy: A Study of Technology-Intensive Firm,
Strategy Management Journal 12: 253-370.
Gomez-Mejia. 1992. Structure and Process of iversification, Compensation Strategy, and Firm Performance, Strategy Management Journal 13:381-397.
Gaver, J. F., and K. M. Gaver. 1993. Additional Evidence on The Association Between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies, Journal of Accounting and Economics 16:125-60.
Gaver, J. J., and K. M. Gaver. 1995. Compensation Policy and the Investment Opportunity Set. Financial Management 24:19-33.
Hettenhouse, G. W. 1971. Compensation Cafeteria for Top Executive, Harvard Business Review:13-119.
Holmstrom, B. 1979. Moral Hazard and Observability. Bell Journal of Economics 10:74-91.
Haugen, R. A., and L. W. Senbet, 1981, Resolving the Agency Problems of External Capital through Option, Journal of Finance 36, 629-647.
Hill and P. Phan. 1991. CEO Tenure as a Determinant of CEO Pay, Academic of Management Journal 34(3):707-717.
Ittner, D. C., D. F. Larcker, and M. V. Rajan. 1997. The Accounting Review 72:231-255.
Jenkins E., and R. E. Seiler. 1990. The Impact of Executive Compensation Schemes Upon the Level of Discretionary Expenditures and Growth in Stockholder Wealth. Journal of Business Finance & Accounting 17: 585-592.
Jensen, M. C., and W. H. Meckling. 1976. Theory of the Firm: Managerial Behavior-Agency Cost and Ownership Structure. Journal of Financial and Economics 3:305-360.
Lewellen, W., C. Lorderer, and K. Martin. 1987. Executive Compensation Contracts and Executive Incentive Problems: An Empirical Analysis, Journal of Accountign and Economics 9:287-310.
Lambert, R., and D. Larcker. 1987. An Analysis of The Use of Accounting and Market Measures of Performance in Executive Compensation Contracts. Journal of Accounting research 25 (Supplement):85-129.
Kosnic, R. D., and K. L. Bettenhausen. 1992. Agency Theory and the Moticational Effect of Management Compensation— An Experimental Contingency Study,Group and Organization Management 17(3): 309-330.
Miller, M. H., and M. S. Scholes. 1981. Executive Compensation, Taxes and Incentives, Financial Economics: Essays in Honor of Paul Cootner:179-201.
Murphy K. J. 1985. Corporate Performance and Managerial Remuneration —An Empirical Analysis, Journal of Accounting and Economics 7:11-42.
Morck, R., A. Shleifer, and R. W. Vishny, 1988, Management Ownership and Market Valuation, Journal of Financial Economics 20:293-315.
Megna, P., and M. Klock. 1993. The Impact of Intangible Capital on Tobin’s q in the Semiconductor Industry, AEA Papers and Proceedings 83(May):265-269.
Murphy K. J. 1998. Executive Compensation, University of Southern California.
Mathis R. L., and J. H. Jackson. 2003. Human resource management(10th), USA: Thomson south-western.
Markman G. D., Espina M. I., and Phan P. H. 2004. Patent as Surrogates for Inimitable and Non-Substitutable Resources, Journal of Management 30: 529-544.
Napier, N. K., and M. Smith. 1987. Product Diversification, Performance Criteria and Compensation at the Corporate Manager Level, Strategic Management Journal 8:195-201.
Pakes, A. 1985. On patents, R&D, and the Stock Market Rate of Return. The Journal of Political Economics:390-409.
Robbin, P. S. 1982. The Management of Human Resource, Prectice-Hall Inc.
Simon, H. A. 1957. Compensation of Executives, Sociometry 20:123-139.
Smith, C., and R. Watts. 1992. The Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies, Journal of Financial Economics 32:263-292.
Sigler, K. J., and J. P. Haley. 1995. CEO Pay and Company Performance. Managerial Finance 21:31-72.
Thomas, P., Mcmillan, G. S. and Abington P. S. 2001. Using Science and Technology Indicators to Manage R&D as A Business,Engineering Management Journal13: No.3.
Ungson, G., and R. M. Steers. 1984. Motivation and Politics in Executive Compensation , Academy of Management Review 9:313-323.
Williamson, O. E. 1963. Managerial Discretion and Business Behavior, American Economic Review 53:1032-1057.		zh_TW