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| Title: | 高階經理人薪酬揭露總人數之影響因素
The determinants of the number of executives whose compensation been dislcosed to the publi |
| Authors: | 陳玟璇
Chen, Wen-Xuan |
| Contributors: | 梁嘉紋
陳玟璇
Chen, Wen-Xuan |
| Keywords: | 高階經理人薪酬
薪酬揭露
資訊揭露水準
CEO compensation
compensation disclosure
the disclosure level of compensation |
| Date: | 2019 |
| Issue Date: | 2019-08-07 15:52:55 (UTC+8) |
| Abstract: | 近年來我國高階經理人薪酬相關議題受各界高度重視，許多報章媒體紛紛出現「養肥貓」、「高階經理人薪酬資訊不透明」等討論，而我國主管機關為使高階經理人薪酬資訊透明化，亦做出許多法規修訂，然而由於法規制度的不完備，使得高階經理人薪酬資訊模糊不清。本研究以2010至2017共八年上市櫃公司為樣本，參酌過去文獻所提及影響企業資訊揭露之因素，探討影響企業高階經理人薪酬揭露總人數的因素。實證結果發現盈餘分配權、控制權與盈餘分配權偏離程度及經理人內部化比率與高階經理人薪酬揭露總數呈顯著負相關，而外國機構投資人持股比率及薪酬委員會品質則與高階經理人薪酬揭露總人數呈顯著正相關。顯示當企業的所有權越集中、控制權與盈餘分配權偏離程度越高，其將越傾向隱藏高階經理人薪酬資訊，而外國機構投資人及薪酬委員會等監控力量則傾向促使企業揭露更多位高階經理人薪酬資訊。本研究初步分析過去企業資訊揭露相關研究中所提及之可能影響因素與高階經理人薪酬揭露總人數之關聯性，並歸納出當企業具備何種特質時，傾向於揭露較多或較少位經理人之薪酬資訊，為我國薪酬資訊揭露品質之研究提供不同的思考方向。
The opacity of executive compensation has been a growing public concern in Taiwan and many other countries. In response to that, the authority has amended the laws and disclosure requirements several times to increase the transparency of executive compensation. Yet, the effect is still unclear. Based on a sample of Taiwan listed companies during the 2010 to 2017, This study empirically analyzes the factors that affect the disclosure of executive compensation. The empirical results suggest that the number of executives whose compensation disclosed to the public is negatively associated with the controlling owners’ cash flow rights, the deviation between voting rights and cash flow rights, and the ratio of insider executive. Furthermore, the results also indicate that the number of executives with compensation disclosed to the public is positively associated with foreign institutional ownership and compensation committee quality. |
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| Description: | 碩士
國立政治大學
會計學系
106353007 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0106353007 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU201900603 |
| Appears in Collections: | [會計學系] 學位論文
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