政府捐助設立之經濟事務財團法人成本僵固性之實證研究

本研究探討政府捐助設立之經濟事務財團法人的成本是否具有僵固性、管理者對於未來經濟展望與成本僵固性的關係，以及管理者治理結構對成本習性之影響。經實證後發現，政府捐助設立之經濟事務財團法人存在成本僵固性，且其僵固程度會隨著連續二年總收入下跌而趨緩；政府捐助設立之經濟事務財團法人與一般營利事業面對經濟成長率之漲跌，其成本僵固性表現有所不同。政府捐助設立之經濟事務財團法人受到避免與民爭利政策之規範，當經濟成長率增加且收入下降時，會選擇減少支出，致成本僵固性減緩。此外，在政府派兼董事、女性董事、私立大專校院教師擔任董事席次比率愈高時，有較良好的治理，成本僵固之程度減緩；且政府派兼監察人、女性監察人、私立大專校院教師擔任監察人能發揮其監督功能，有效抑制董事會不當的支出決策，亦使成本僵固程度減緩。

關鍵字

政府捐助設立之經濟事務財團法人；政府董監席次；成本僵固性

並列摘要

The purpose of this paper is to investigate whether cost stickiness exists in government-sponsored organizations, to explore the relationship between managers' future economic outlook and cost stickiness, and to find out the influence of governance mechanism on the cost behavior. This study shows that the cost stickiness exists in government-sponsored organizations and the cost stickiness slows down with the sequential decrease of revenues. Also, the result proves that the cost stickiness exists the difference between government-sponsored organizations and normal profit-making enterprises when the economic growth rate is volatile. The government-sponsored organizations are governed by policy and should avoid competing with other private businesses. Therefore, when economic growth rate increases and the revenue decreases, businesses will decrease expenditures, reduce the cost stickiness situation. It also shows that the government-sponsored organizations are with better governance and lower level the cost stickiness when the government-assigned board members, female directors and private college teachers account for higher percentage of the board directors. Under the stringent supervision, the board members have pressures to control cost. The government-sponsored organizations will reduce expenses when the revenue decline. When the supervisors are assigned by the government, female or private college teachers could effectively restrain the board to make inappropriate expenditures, which reducing the cost stickiness.