Hot News
| 中文篇名 |
總經理薪酬與績效衡量及不確定性之配適度對公司營運績效的影響 | |
|---|---|---|
| 英文篇名 |
The Impact of the Alignment between Performance Measures, Uncertainty and CEO Compensation on Firm Performance | |
| 作者 | ||
| 中文摘要 |
代理理論主張，總經理薪酬應與經營績效連結，並且應考量影響公司經營績效的不確定性因素。依循情境理論，總經理薪酬之決定愈符合情境因素時，公司營運績效應愈好，但過去在此方面的研究甚少，本研究依循此一觀點，探討總經理薪酬、績效衡量及公司面臨之不確定性間的配適程度與公司營運績效是否為正相關。本研究以整合性的觀點來捕捉不確定性，包括盈餘雜訊、股票報酬風險與營運風險，而績效衡量指標則包括會計績效與非會計績效衡量指標。 | |
| 英文摘要 |
Agency theory advocates that CEO compensation should tie to firm performance to better align managers’ and shareholders’ interests. The factor of uncertainty can not be neglected in determining CEO compensation. Following contingency theory, firm performance should be higher when contextual factors and compensation are aligned than when they are not. Prior research pays little attention to this issue. This study fills this gap to probes that firm performance is superior when CEO compensation is more aligned with performance measures and uncertainty factors. Uncertainty factors are captured by noise in earnings, risk of stock return and operating risk. The performance measures are measured through accounting and non-accounting performance measures. | |
| 關鍵詞 | ||
| 刊名 | ||
| 期數 | ||
| 起訖頁 |
039-077 | |
| 出版單位 | ||
| DOI | ||
| QRCode |
| |
| 上一篇 | ||
| 下一篇 |
