The Effects of Bonus Systems on Firm Performance in Taiwan's High-Tech Sector
Resource
Journal of Comparative Economics, 35(1), 235-249
Journal
Journal of Comparative Economics
Pages
235-249
Date Issued
2007
Date
2007
Author(s)
沈中華
Abstract
This research investigates the effects of cash and stock bonus systems in Taiwan's high-tech sector on firm performance, as measured by sales and value-added. To test the robustness of the estimated results, two proxies for bonuses are adopted, namely the total value of bonuses per employee and bonus payments as a percentage of total payroll. This study adopts three production functions, including the Cobb-Douglas, Translog and CES functions, to estimate the performance effects of bonuses. Our results show that, to a great extent, the bonus systems have positive impacts on firm performance. Journal of Comparative Economics 35 (1) (2007) 235-249. © 2006.
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Type
journal article
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