| dc.contributor.advisor | 吳安妮 | zh_TW |
| dc.contributor.author (作者) | 黃聖茵 | zh_TW |
| dc.creator (作者) | 黃聖茵 | zh_TW |
| dc.date (日期) | 2003 | en_US |
| dc.date.accessioned | 18-九月-2009 09:00:53 (UTC+8) | - |
| dc.date.available | 18-九月-2009 09:00:53 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-九月-2009 09:00:53 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0091353023 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/34210 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 會計研究所 | zh_TW |
| dc.description (描述) | 91353023 | zh_TW |
| dc.description (描述) | 92 | zh_TW |
| dc.description.abstract (摘要) | 隨著知識經濟時代來臨，知識在組織經營中扮演日益重要的角色，知識擁有者對於組織而言即為人力資本。組織應瞭解知識擁有者能為組織創造多少效益，從而進行人力資源管理，以求長期競爭優勢。因此人力資本在組織中益顯重要，故本研究擬探討人力資本對組織市場價值與財務績效之影響情況。本研究以我國上市及上櫃公司為研究對象，包含資訊電子（光電、半導體、資訊通訊服務、資訊家電）、生物科技、食品、化學材料、紡織等產業進行探討。研究期間為2001年至2003年，以複迴歸方式從事實證模型分析。本研究主要探討議題共分為兩部分：一、人力資本對組織市場價值之影響：本研究以市場價值及M/B Ratio當為應變數，研發人數、員工向心力為自變數。二、人力資本對組織財務績效之影響：以每人營業收入、每人營業毛利、每人稅前營業利益為應變數，自變數為：研發人數、員工向心力等。本研究之實證結果發現：研發人數對組織市場價值與組織財務績效有正向影響，而員工向心力對組織M/B Ratio也有正向影響。另外，智慧資本的投資通常會為企業帶來數年的效益，人力資本也不例外，因此本研究另外針對遞延一期之組織市值及財務績效進行分析，實證結果研究也發現：研發人數對組織財務績效具有部分遞延效益。根據實證結果，本研究建議組織應加強對人力資本之重視，俾提升其市場價值及財務績效。另外，對於後續研究者而言，由於人力資本之指標因各文獻採用不一，故未來學者應再針對不同指標進行探討，並加以彙整，或許對組織市場價值與財務績效影響因子可能會有更深入及明確之瞭解。 | zh_TW |
| dc.description.abstract (摘要) | With the coming of the age of knowledge economy, knowledge plays a very important role in organizations. Knowledge-owners are regarded as “Human Capital” in organizations. Managers should understand how many benefits the knowledge-owners will bring to the organizations, and use their Human Resource Management (HRM) policies effectively to retain the long-term competition advantages. Human capital becomes more and more important, so this study is intent to examine the effect of human capital upon the market value and financial performance of the organizations.The two main themes of this study are:1. The effect of human capital on market value of the organizations. The dependent variable are: market value and M/B Ratio; and the independent variable are: number of R&D workers and employee loyalty.2. The effect of human capital on financial performance of the organizations. The dependent variable are: revenue per employee, gross profit per employee, and operating income per employee; and the independent variable are: number of R&D workers and employee loyalty.The results show that “R&D workers” has both positive effect on market value and financial performance of the organizations; “employee loyalty” has positive effect on M/B Ratio, too. In addition, human capital has partial lagged effects.According to the results, this study suggests that the organizations should pay more attention to their human capital to promote their market value and financial performance. Moreover, for future researchers, they could examine different human capital indexes. It may allow us to have a thorough understanding about the influence of human capital on market value and financial performance of the organizations. | 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 研究問題……………………..……………………4第三節 研究架構…………….….…………………………6第二章 文獻探討………………………………….8第一節 與人力資本重要性相關之文獻…………………8第二節 人力資本對市場價值之影響….….………….…..11第三節 人力資本對財務績效之影響…….…………..….17第四節 研究延伸…………………….………….….…….26第三章 研究方法…………………………………28第一節 觀念性架構……………………………….…….28第二節 研究假說………………………………….…….29第三節 變數衡量…………….….………………………33第四節 實證模型…………………………………………38第五節 資料分析方法…………………………………..39第六節 研究期間與研究樣本…………………………..40第七節 資料來源………………………………………..41第四章 實證結果……………………………………43第一節 敘述性統計..……………….…………………..43第二節 迴歸分析之基本假設檢定……………………. 44第三節 迴歸分析結果…………………………………..45第四節 額外變數分析－產業分析………………………55第五章 結論與建議…………………………………63第一節 研究結論………………………………………..63第二節 研究限制………………………………………..67第三節 研究建議……………….………………………..68參考文獻………………………………………..…..70附錄、其他應變數之實證結果……………………74圖目錄圖1-1 本研究之研究流程圖……………………………………………….7圖3-1 觀念性架構圖………………………………………………………28表目錄表1-1 台灣部分資訊電子公司M/B Ratio比較表…………………………..2表2-1 與人力資本重要性相關之文獻彙總表………..……………………10表2-2 人力資本對市場價值影響文獻彙總表……………..……..…..……15表2-3 人力資本對財務績效影響文獻彙總表……………………………23表2-4 本研究研究延伸彙總表……………………………….…..………27表3-1 本研究應變數一覽表………………..……………….……………34表3-2 本研究自變數及控制變數一覽表…….…………….………………37表3-3 樣本公司之產業資訊…………………….….………………………40表3-4 變數資料來源……………………….……………………….………42表4-1 敘述性統計表…………….………………………………………..43表4-2 Pearson 相關係數表…….……..…………….………….…………..44表4-3 自變數及控制變數變數之VIF…………………………………...…44表4-4 迴歸分析結果－市場價值－當期分析…………………..…………45表4-5 迴歸分析結果－M/B Ratio－當期分析……………..………...……46表4-6 迴歸分析結果－每人營業收入－當期分析………….……….……47表4-7 迴歸分析結果－每人營業毛利－當期分析…………….……….…48表4-8 迴歸分析結果－每人稅前營業利益－當期分析……………..……49表4-9 迴歸分析結果－市場價值－遞延一期分析………………...….…..50表4-10 迴歸分析結果－M/B Ratio－遞延一期分析……..……..………….51表4-11 迴歸分析結果－每人營業收入－遞延一期分析……..……..……..51表4-12 迴歸分析結果－每人營業毛利－遞延一期分析……..……..……..52表4-13 迴歸分析結果－每人稅前營業利益－遞延一期分析…..…..……..53表4-14 迴歸分析結果－市場價值－產業分析……………..………………56表4-15 產業分析自變數與控制變數之VIF值…..…….……..………...…..57表4-16 迴歸分析結果－M/B Ratio－產業分析…………….………..……..57表4-17 迴歸分析結果－每人營業收入－產業分析….….……………..…..59表4-18 迴歸分析結果－每人營業毛利－產業分析……….…….…………60表4-19 迴歸分析結果－每人稅前營業利益－產業分析.………………….61表5-1 本研究之結論彙總……………………………….…………….……66 | zh_TW |
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| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0091353023 | en_US |
| dc.subject (關鍵詞) | 智慧資本 | zh_TW |
| dc.subject (關鍵詞) | 人力資本 | zh_TW |
| dc.subject (關鍵詞) | 市場價值 | zh_TW |
| dc.subject (關鍵詞) | 財務績效 | zh_TW |
| dc.subject (關鍵詞) | Intellectual capital | en_US |
| dc.subject (關鍵詞) | human capital | en_US |
| dc.subject (關鍵詞) | market value | en_US |
| dc.subject (關鍵詞) | financial performance | en_US |
| dc.title (題名) | 組織之人力資本對市場價值及財務績效影響之研究 | zh_TW |
| dc.type (資料類型) | thesis | en |
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