Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/158439
|
| Title: | CEO權力與工作環境安全的關係
The Relationship Between CEO Power and Workplace Safety |
| Authors: | 林羿助
Lin, Yi-Chu |
| Contributors: | 李佳玲
林羿助
Lin, Yi-Chu |
| Keywords: | CEO 權力
工作環境安全
結構性權力
公司治理
失能傷害
CEO Power
Workplace Safety
Structural Power
Corporate Governance
Disabling Injury |
| Date: | 2025 |
| Issue Date: | 2025-08-04 13:45:40 (UTC+8) |
| Abstract: | 本研究旨在探討台灣上市公司CEO權力與工作環境安全之間的關聯性，並進一步檢 視不同權力來源(結構性權力、所有權權力、專家權力、聲譽權力)的差異化影響。研究樣 本涵蓋2015年至2022年台灣上市公司，共計2,363筆觀察值。本研究採用羅吉斯迴歸模 型進行實證分析，應變數為公司當年度是否發生失能傷害事件。
本文共採用四個構面建構CEO權力，分別是結構性權力、所有權權力、專家權力以 及聲譽權力，結果顯示CEO整體權力與公司發生失能傷害事件之間呈現顯著正相關，支持了根據代理理論，CEO權力過大可能對工作環境安全造成負面影響之假說。在進一步 分析不同權力面向時發現，CEO的「結構性權力」(由CEO是否兼任董事長及薪酬與基層員工薪資倍數差異衡量)是預測失能傷害發生最關鍵且穩健的因素，其與失能傷害發生事件亦呈顯著正相關。然而，CEO所有權權力、專家權力與聲譽權力對工作環境安全的影 響則不顯著。此外，本研究亦發現前期CEO權力對當期工作場所安全的負面影響具有滯後效應。
本研究的主要貢獻在於採用本土化CEO權力指標，揭示了在台灣脈絡下CEO權力，特別是結構性權力，對職場安全的重要影響，並為公司治理與勞工安全保護提供了具體的 管理意涵。研究結果建議企業應關注CEO權力過度集中的潛在風險，強化董事會監督職能，並完善內部控制與問責機制，以保障員工福祉。
This study investigates the relationship between CEO Power and workplace safety in Taiwanese listed companies, examining impacts from Structural, Ownership, Expert, and Prestige power. Using 2,363 firm-year observations in 2015 to 2022 from TWSE and TPEx listed firms, logistic regression models were applied, with disabling injury occurrence as the dependent variable.
Results show a significant positive association between overall CEO Power and the likelihood of disabling injuries, suggesting excessive CEO Power negatively affects workplace safety. CEO "structural power" (from duality and compensation ratios) was the most critical positive predictor of disabling injuries. However, CEO’s Ownership, Expert, and Prestige power showed insignificant impacts. A lagged negative effect of prior-period CEO Power on current workplace safety was also found.
This study, using a localized CEO Power index, highlights the significant influence of CEO structural power on workplace safety in Taiwan. It offers managerial implications for corporate governance, urging firms to monitor concentrated CEO Power and enhance board oversight to protect employee well-being. |
| Reference: | 勞動部勞工保險局全球資訊網-便民服務-主動公開之政府資訊-業務計畫及業務統計-職業傷病統計資料.
黃于珊、戚務君、 & 謝安軒. (2024). 經營團隊能力與總經理權力對審計意見購買之影響. 當代會計, 25(2).
Adams, R. B., Almeida, H., & Ferreira, D. (2005). PowerfulCEOs and Their Impact on Corporate Performance. Review of Financial Studies, 18(4), 1403–1432.
Amin, M. R., & Sakaki, H. (2022). Do Stable Institutional Investors Influence Employee Safety? The Quarterly Journal of Finance, 12(02), 2250004.
Ashforth, B. E. (1997). Petty Tyranny in Organizations: A Preliminary Examination of Antecedents and Consequences. Canadian Journal of Administrative Sciences / Revue Canadienne Des Sciences de l’Administration, 14(2), 126–140.
Banerjee, S., Humphery-Jenner, M., Jain, P., & Nanda, V. K. (2020). Safety First! OverconfidentCEOS and Reduced Workplace Accidents. SSRN Electronic Journal.
Barling, J., Loughlin, C., & Kelloway, E. K. (2002). Development and test of a model linking safety-specific transformational leadership and occupational safety. Journal of Applied Psychology, 87(3), 488–496.
Barnea, A., & Rubin, A. (2010). Corporate Social Responsibility as a Conflict Between Shareholders. Journal of Business Ethics, 97(1), 71–86.
Bebchuk, L. A., Cremers, K. J. M., & Peyer, U. (2011). The CEO pay slice. Journal of Financial Economics, 102(1), 199–221.
Berrone, P., Cruz, C., Gomez-Mejia, L. R., & Larraza-Kintana, M. (2010). Socioemotional Wealth and Corporate Responses to Institutional Pressures: Do Family-Controlled Firms Pollute Less? Administrative Science Quarterly, 55(1), 82–113.
Boustanifar, H., & Kang, Y. D. (2022). Employee Satisfaction and Long-Run Stock Returns, 1984–2020. Financial Analysts Journal, 78(3), 129–151.
Boyd, B. K. (1995). CEO Duality and Firm Performance: A Contingency Model. Strategic Management Journal, 16(4), 301–312.
Bradley, D., Mao, C. X., & Zhang, C. (2022). Does Analyst Coverage Affect Workplace Safety? Management Science, 68(5), 3464–3487.
Caskey, J., & Ozel, N. B. (2017). Earnings expectations and employee safety. Journal of Accounting and Economics, 63(1), 121–141.
Chen, Y., Ofosu, E., Veeraraghavan, M., & Zolotoy, L. (2023). Does CEO overconfidence affect workplace safety? Journal of Corporate Finance, 82, 102430.
Choi, W., Chung, C. Y., & Oh, H. (2023). Institutional Investors and Workplace Safety (SSRN Scholarly Paper No. 4360096). Social Science Research Network.
Christian, M. S., Bradley, J. C., Wallace, J. C., & Burke, M. J. (2009). Workplace safety: A meta-analysis of the roles of person and situation factors. Journal of Applied Psychology, 94(5), 1103–1127.
Chu, J., Dechow, P. M., Hui, K. W., & Wang, A. Y. (2019). Maintaining a Prestige for Consistently Beating Earnings Expectations and the Slippery Slope to Earnings Manipulation. Contemporary Accounting Research, 36(4), 1966–1998.
Cohn, J. B., & Wardlaw, M. (2016). Financing Constraints and Workplace Safety (SSRN Scholarly Paper No. 2023888). Social Science Research Network.
Dahl, R. A. (1957). The Concept of Power. Behavioral Science, 2(3).
Dai, Y., Tong, X., & Wang, L. (2022). Workplace safety accident, employee treatment, and firm value: Evidence from China. Economic Modelling, 115, 105960.
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22(1), 20-47.
Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49-64.
Edmondson, A. (1999). Psychological Safety and Learning Behavior in Work Teams. Administrative Science Quarterly, 44(2), 350–383.
Emerson, R. M. (1962). Power-Dependence Relations. American Sociological Review, 27(1), 31–41.
Fernández-Muñiz, B., Montes-Peón, J. M., & Vázquez-Ordás, C. J. (2007). Safety culture: Analysis of the causal relationships between its key dimensions. Journal of Safety Research, 38(6), 627–641.
Filer, R. K., & Golbe, D. L. (2003). Debt, Operating Margin, and Investment In Workplace Safety. The Journal of Industrial Economics, 51(3), 359–381.
Finkelstein, S. (1992). Power in top management teams: Dimensions, measurement, and validation. Academy of Management Journal, 35(3), 505–538.
French Jr., J. R. P., & Raven, B. (1959). The bases of social power. In Studies in social power (pp. 150–167). Univer. Michigan.
Griffin, M. A., & Neal, A. (2000). Perceptions of safety at work: A framework for linking safety climate to safety performance, knowledge, and motivation. Journal of Occupational Health Psychology, 5(3), 347–358.
Guo, Y., Li, A., Zhou, Y., & Di, Y. (2022). Information disclosure, practical actions and dynamics of employees’ health and safety issues in Chinese family businesses—Evidence based on Chinese a-share listed companies. Frontiers in Public Health, 10, 952823.
Haga, J., Huhtamäki, F., & Sundvik, D. (2022). Ruthless Exploiters or Ethical Guardians of the Workforce? Powerful CEOs and their Impact on Workplace Safety and Health. Journal of Business Ethics, 177(3), 641–663.
He, Y., Wang, Y., & Payne, S. C. (2019). How is safety climate formed? A meta-analysis of the antecedents of safety climate. Organizational Psychology Review, 9(2–3), 124–156.
International Labour Organization. (2023). World Day for Safety and Health at Work: 2023 report.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
Kelloway, E. K., Mullen, J., & Francis, L. (2006). Divergent effects of transformational and passive leadership on employee safety. Journal of Occupational Health Psychology, 11(1), 76–86.
Lamont, O. (1997). Cash Flow and Investment: Evidence from Internal Capital Markets. The Journal of Finance, 52(1), 83–109.
Lisic, L. L., Neal, T. L., Zhang, I. X., & Zhang, Y. (2016). CEO Power, Internal Control Quality, and Audit Committee Effectiveness in Substance Versus in Form. Contemporary Accounting Research, 33(3), 1199–1237.
Liu, S., Bao, S., Yang, D., & Zhang, J. (2024). Research on the decision-making of work safety investment in industrial park enterprises: Evidence from behavioral experiments. Frontiers in Public Health, 12, 1295536.
Melati, B. A., Siagian, J., & Anggraini, N. (2023). The Influence Of Occupational Health Safety (K3) And Work Environment On Employee Performance At PT. Tri Kemasindo Lestari Cakung East Jakarta. Fundamental Management Journal, 8(1p), Article 1p.
Mullen, J. (2005). Testing a model of employee willingness to raise safety issues. Canadian Journal of Behavioural Science / Revue Canadienne Des Sciences Du Comportement, 37(4), 273–282.
Neal, A., & Griffin, M. A. (2006). A study of the lagged relationships among safety climate, safety motivation, safety behavior, and accidents at the individual and group levels. Journal of Applied Psychology, 91(4), 946–953.
O’Sullivan, D., Zolotoy, L., Veeraraghavan, M., & Overbeck, J. R. (2025). Are Employees Safer When the CEO Looks Greedy? Journal of Business Ethics, 198(3), 655–673.
Pagano, M., & Volpin, P. F. (2005). Managers, Workers, and Corporate Control. The Journal of Finance, 60(2), 841–868.
Peiró, J. M., & Meliá, J. L. (2003). Formal and Informal Interpersonal Power in Organisations: Testing a Bifactorial Model of Power in Role-sets. Applied Psychology, 52(1), 14–35.
Pfeffer, J. (1981). Power in Organizations. Pitman Pub.
Piao, X., Xie, J., & Managi, S. (2022). Environmental, social, and corporate governance activities with employee psychological well-being improvement. BMC Public Health, 22, 22.
Qian, C., Balaji, P., Crilly, D., & Liu, Y. (2024). Better Safe Than Sorry: CEO Regulatory Focus and Workplace Safety. Journal of Management, 50(4), 1453–1487.
Rauh, J. D. (2006). Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans. The Journal of Finance, 61(1), 33–71.
Rezagholi, M. (2023). The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis. Work, 75(1), 75–84.
Saedi, A. M., Isa, Z., & Salleh, S. S. B. (2023). An Empirical Study of Workers’ Knowledge, Attitudes, and Practices (KAP) Regarding Safety Risk Across Demographic Factors and Active BBS Organizations: A Factorial Manova Approach. Sains Malaysiana, 52(8), 2453–2469.
Shi, W., Xia, C., & Meyer-Doyle, P. (2022). Institutional Investor Activism and Employee Safety: The Role of Activist and Board Political Ideology. Organization Science, 33(6), 2404–2420.
Sorensen, G., Dennerlein, J. T., Peters, S. E., Sabbath, E. L., Kelly, E. L., & Wagner, G. R. (2021). The future of research on work, safety, health and wellbeing: A guiding conceptual framework. Social Science & Medicine, 269, 113593.
United Nations. (2015). Transforming our world: The 2030 Agenda for Sustainable Development.
Vredenburgh, A. G. (2002). Organizational safety: Which management practices are most effective in reducing employee injury rates? Journal of Safety Research, 33(2), 259–276.
Zhang, T. X., Molchanov, A., Nguyen, H., & Pham, M. H. (2025). Leading safely: The impact of generalist CEOs on workplace safety. Journal of Behavioral and Experimental Finance, 46, 101056.
Zohar, D. (2010). Thirty years of safety climate research: Reflections and future directions. Accident Analysis & Prevention, 42(5), 1517–1522. |
| Description: | 碩士
國立政治大學
企業管理研究所(MBA學位學程)
112363057 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0112363057 |
| Data Type: | thesis |
| Appears in Collections: | [企業管理研究所（MBA學位學程）] 學位論文
|
Files in This Item:
| File |
Description |
Size | Format | |
|---|
| 305701.pdf | | 1065Kb | Adobe PDF | 0 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
