本研究使用了2007年台灣經濟新報資料庫中之台灣高科技電子產業,利用近似無相關迴歸法探討利潤分享制度在企業中的施行,對於員工生產力與企業盈餘的影響性,分別驗證生產力效果與稀釋效果兩者間之關係。 實證結果顯示,台灣高科技電子產業在施行利潤分享制度後,就生產力效果方面,不論在員工生產力亦或企業盈餘兩者間,利潤分享制度皆存在著生產力效果,且現金分紅之生產力效果大於股票分紅。而在稀釋效果方面,企業在施行利潤分享制度後,在將盈餘分配給予員工的過程中,將會使得企業盈餘下降,實證結果指出,企業發放大量股票分紅給予員工後,將會使得股票分紅對於企業盈餘的提升程度小於其對於員工生產力的提升程度,產生了稀釋效果;反之,在現金分紅方面,則無觀察到此現象。
This research used Taiwan high-tech electron industry in 2007 in Taiwan Economic Journal, used Seemingly Unrelated Regression to discuss the profit sharing system in enterprise's execution to generate the relationship between productivity effect and dilute effect. The research result showed that Taiwan high-tech electron industry after execution profit sharing system. In productivity effect, no matter in employee’s productivity or enterprise’s earning will have productivity effect, and the influence of cash bonus is bigger than the stock bonus. The Other side in dilute effect, the firm used profit sharing system that will decrease the enterprise’s earning. The research result showed that the stock bonus will have dilute effect, the cash bonus will not have the dilute effect.