公司營運績效對員工薪資之影響

The Effect of Corporate Performance on Employee Salary

黃婉琳(Wan-Lin Huang)

指導教授 ： 王泰昌

共同指導教授 ： 劉嘉雯(Chia-Wen Liu)

國立臺灣大學/管理學院/會計學研究所/碩士(2020年)

https://doi.org/10.6342/NTU202001282

摘要

本研究主要探討公司營運績效與非主管職平均員工薪資的關係及公司營運績效與主管職平均員工薪資的關係，並以2018年台灣上市櫃公司為研究樣本進行實證分析。其中公司營運績效，除了以常見之財務及非財務資訊衡量，本研究更納入企業社會責任指標做為評估，期以更趨完整的方式評估公司營運績效進行公司營運對非主管職員工薪資與主管職員工薪資之影響。

國內外相關之文獻研究，多集中在主管職員工薪資對公司營運績效之影響，如Callan (2010)、Attaway (2000)、郭千鈺 (2015)，較少關注於非主管職員工薪資的探討。在2019年上市櫃公司首次配合政府政策公開非主管職員工薪資，本研究則欲透過此透明化資訊，進一步了解台灣企業在營運績效成長之下，是否會同步提供員工較優之薪資福利。

本研究結果顯示：營運績效較好的公司，不論對非主管職或主管職平均員工薪資皆有較高的表現，且企業社會責任表現較佳的公司，其對員工薪資也有正向影響，此實證結果符合本研究之預期。

關鍵字

員工薪資 ； 非主管職薪資 ； 主管職薪資 ； 公司營運 ； 企業社會責任

並列摘要

This research focuses on the association between the average employee salaries (both executives and non-executives), and the corporate performance.

This research was conducted using empirical research methods with the Taiwan Stock Exchange (TWSE) listed companies in 2018, including both TWSE-listed and TPEx-listed companies, as the sample data. Apart from general financial and non-financial indices used in related studies, this research adopted a self-designed Corporate Social Responsibility (CSR) index to perform a more intact research on the corporate performance impact to the employee salaries on both executives and non-executives.

Most researches in the past focus on the impact of executive employee salaries impact to the corporate performance, such as Callan (2010), Attaway (2000), Chien-Yu Kuo (2015); very few researches focus on the non-executive salaries. As the average non-executive salaries of TAIEX listed companies were first disclosed in 2019 under government requirements, this research took the advantage of these data to uncover the association between the corporate performance of TAIEX listed companies and its employee salaries.

As the result, this research comes to the conclusions that are aligned with prior hypothesis: positive corporate performance would lead to positive employee salary for both executives and non-executives; furthermore, corporate with better Corporate Social Responsibility (CSR) performance would also lead to better employee salaries.

並列關鍵字

employee salary ； non-executive salary ； executive salary ； corporate performance ； Corporate Social Responsibility (CSR)

參考文獻

Attaway, M. C. (2000). A study of the relationship between company performance and CEO compensation. American business review, 18(1), 77-85

Becchetti, L., Di Giacomo, S., Pinnacchio, D. (2008). Corporate social responsibility and corporate performance: evidence from a panel of US listed companies. Applied Economics, 40(5), 541-567.

Bowen, H. R. (1953). Social Responsibilities of The Business.

Brick, I. E., Palmon, O., Wald, J. K. (2006). CEO compensation, director compensation, and firm performance: Evidence of cronyism? Journal of Corporate Finance, 12(3), 403-423.

Callan, S. J., Thomas, J. M. (2011). Executive compensation, corporate social responsibility, and corporate financial performance: A multi‐equation framework. Corporate Social Responsibility and Environmental Management, 18(6), 332-351.