陳業寧臺灣大學:財務金融學研究所張婷婷Chang, Ting-TingTing-TingChang2010-05-112018-07-092010-05-112018-07-092009U0001-2207200921435900http://ntur.lib.ntu.edu.tw//handle/246246/182837本文目的在於研究公司治理對於『超額薪酬與公司績效之連結性』的影響。以台灣1996-2007年上市櫃公司之總經理酬勞資料做為研究對象，發現在董事會持股百分比越高的情況下，超額薪酬與公司績效之間呈現正向相關；然而若經理人對於薪酬訂定過程具有影響力(經理人持股百分比越高及董事身兼經理人百分比越高)，則超額薪酬與公司績效之間呈現負向連結。The purpose of this article is to deal with the problem of how corporate governance will affect “the relationship between of excess compensation and firm performance.” Companies listed in TSE and OTC from 1996 to 2007 are included in the sample data. And we find that when board holding percentage is higher, the excess compensation and firm performance are positively correlated, vice versa. Also, when managers have some control over the process of compensation determination, the excess compensation and firm performance are negatively correlated, and vice versa.謝詞..................................................i文摘要.............................................iibstract............................................iii錄.................................................iv目錄................................................v目錄...............................................vi一章　緒論..........................................1.1研究動機...........................................1.2研究架構...........................................3二章　文獻探討......................................4.1誘因契約相關文獻...................................4.2公司治理相關文獻...................................5.2.1. 董事會持股.....................................6.2.2. 獨立董監.......................................6.2.3. 大股東持股.....................................6.2.4. 機構投資人持股.................................6.2.5. 管理階層持股...................................7.3誘因契約與公司治理相關文獻.........................7.4預期貢獻...........................................8三章　研究方法.....................................10.1研究期間及範圍....................................10.2資料來源..........................................10.3選用變數..........................................10.3.1經理人薪酬......................................10.3.2影響薪酬之變數..................................11.3.3公司治理變數....................................13.3.4衡量公司表現變數................................16.4實證模型..........................................16.5研究架構與假說....................................18四章　實證結果和解釋...............................21.1敘述性統計........................................21.2實證模型結果......................................25.2.1超額薪酬結果....................................25.2.2超額薪酬與公司治理..............................26.2.3超額薪酬、公司治理與公司績效....................29五章　結論.........................................38考文獻.............................................39application/pdf444416 bytesapplication/pdfen-US公司治理經理人薪酬超額薪酬公司績效表現corporate governanceCEO compensationexcess compensationfirm performancethesishttp://ntur.lib.ntu.edu.tw/bitstream/246246/182837/1/ntu-98-R96723013-1.pdf